PRwire360
30 Sep 2022, 21:20 GMT+10
Installation of renewable energy facilities and smart power grids is a key factor driving market revenue growth
Market Size - USD 1,325.1 Million in 2021, Market Growth - at a CAGR of 6.3%, Market Trends - Increasing rate of digitization in the E-House market
New York, September 30, 2022 - The global Electrical House or E-House market size was USD 1,325.1 Million in 2021 and is expected to register a revenue CAGR of 6.3% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is primarily driven by rising demand from the oil & gas industry for power distribution and control owing to its easy installation and transportation.
An E-House is a self-supporting pre-engineered building that stores and houses majority of industrial project's electrical equipment. E-Houses can contain anything from a single medium voltage Variable Frequency Drive (VFD) to a low voltage Motor Control Center (MCC) and control panel, or even entire electrical and control distribution systems for industrial process such as barren solution pump station. In addition, E-Houses come in various shapes and sizes to meet project requirements. They are essentially ready to plug and play into field devices or equipment because they are already connected. E-Houses can also be moved and once the goal of process has been served, they can be deactivated or repurposed far more easily than a permanent building.
E-houses are generally used as locations for power distribution hubs, motor control hubs, and rooms for electric equipment storage in industrial businesses and applications in data centers, oil & gas and mineral extraction facilities, electrical control centers, ballistic enclosure systems, and processing plants. Digital telecom containers are one of the newest trends, which are useful in remote locations where it may be difficult to find qualified workers.
To understand how our In Electrical House or E-House Market can bring difference to your business strategy:-Download Summary
Some Key Highlights From the Report
For the purpose of this report, Reports and Data has segmented the global E-House market based on type, application, voltage type, and region:
Type Outlook (Revenue, USD Million; 2019-2030)
Application Outlook (Revenue, USD Million; 2019-2030)
Voltage Type Outlook (Revenue, USD Million; 2019-2030)
Regional Outlook (Revenue, USD Million; 2019-2030)
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