North America E-House Market Forecast to 2028

North America E-House Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type (Fixed Substation and Mobile Substation), Component (Transformer, Bus Bar, Power Management System, Variable Frequency Drive, Switchgear, HVAC, and Others), and Application (Industrial and Utilities)

Report Code : BMIRE00027605 | Region : North America | Industry : Electronics and Semiconductor | Published Date : 14/Dec/2022

The E-house market in North America is expected to grow from US$ 474.67 million in 2022 to US$ 631.20 million by 2028. It is estimated to grow at a CAGR of 4.9% from 2022 to 2028.

Ease of Installation, Cost-Effectiveness, and Flexibility of E-House

E-houses are also known as electrical houses or integrated power assemblies. They are pre-assembled, walk-in modular outdoor enclosures that store low- and medium-voltage switchgear and various ancillary equipment such as utility-grade switchgear, paralleling switchgear, and custom controls. E-houses can be easily mounted on a skid/wheel and trailer; it takes only a few minutes to set up. Also, E-houses are sustainable alternatives to traditional on-site structures. A few major applications of E-houses are disaster response, rapid transmission capacity expansion, and temporary power supply for unplanned repairs. Other uses of E-houses involve grid coupling, balancing fossil and renewable energy sources at plants, and housings for electrical energy storage systems. Before the delivery process, fundamental components—such as bus bars, components, power management systems, and HVAC—are thoroughly monitored and tested, thus leading to a lower risk of failure at the work site. The entire procedure of installation and relocation of the E-house is simple and cost-effective because of its mobility. Adding to this, E-houses can be positioned near significant loads to minimize the length and size of power and control connections. Moreover, E-houses are designed and constructed per various standards. They are also tested and certified for the different markets: UL/CE/GOST&EAC. These factors help boost demand for E-houses, thus leading to increased revenue generation potential in the coming years. Furthermore, e-Houses lead to substantial savings by reducing planning costs by up to 50%. Also, as a prefabricated electrical building, the E-house is delivered fully integrated and pre-tested, reducing workers' presence at the construction site and installation time. Due to the modularity and compact design of E-houses, the end users benefit from an optimized footprint, adding up the total savings of up to 20% of the total costs of ownership (TCO) compared to traditional power distribution substations. Other benefits of the E-houses include easy integration (plug-and-play), reduced installation time at the construction site, shortened test and commissioning time with pre-commissioned E-houses, and site conditions do not affect the delivery time, and reduced cable cost between integrated equipment, among others.

Market Overview

The US, Canada, and Mexico are the key contributors to the E-house market in the North America. Governments of various North American countries are investing in their country's electricity sector. BMarko Structures, Becker/SMC, Keltour US Inc., and SWARTZ Engineering are a few of the prominent companies operating in the North America E-house market . According to the US Department of Energy, in August 2022, Biden-Harris Administration in the US launched a US$ 10.5 billion investment to support the development of the country's electric grid. Moreover, the Canadian government approved Equinor's offshore oil project worth US$ 12 billion. The project will involve building a floating production unit for storage and offshore offloading (FPSO). Further, in June 2022, two Brazilian companies, Braskem Idesa and Avario, a subsidiary of Oiltanking, announced to jointly construct and operate the greenfield ethane import terminal in Mexico for US$ 400 million; the project is expected to be completed by 2024. Such projects will increase the demand for E-house across the region during the forecast period.

North America E-House Market Revenue and Forecast to 2028 (US$ Million)

North America E-House Market Segmentation

The North America E-house market is segmented into type, component, application, and country.

Based on type, the market is bifurcated into fixed substation and mobile substation. The mobile substation segment registered the larger market share in 2022.

Based on component, the market is segmented into transformer, bus bar, power management system, variable frequency drive, switchgear, HVAC, and others. The transformer segment held the largest market share in 2022.

Based on application, the market is bifurcated into industrial and utilities. The industrial segment held the larger market share in 2022.

Based on country, the market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022.

ABB Ltd; Becker Mining Systems AG; Eaton; Powell Industries, Inc.; Powergear Limited; Schneider Electric SE; Sécheron; Siemens AG; StarFlite Systems; and WEG are the leading companies operating in E-house market in the North America region.

At 4.9% CAGR, the North America E-House Market is speculated to be worth US$ 631.20 million by 2028, says The Insight Partners

According to the Insight Partners’ research, the North America E-House market was valued at US$ 474.67 million in 2022 and is expected to reach US$ 631.20 million by 2028, registering a CAGR of 4.9% from 2022 to 2028. Surge in demand for E-houses from oil & gas sector and ease of installation, cost-effectiveness, and flexibility of E-house are the critical factors attributed to the market expansion.

Earlier, the market players in the oil & gas industry obtained their drives, switchgear, and automation systems from multiple electrical equipment suppliers and houses through fabricators. But the rising demand for reduced cost, risks, and delivery time steered the industry to move away from old practices and toward the E-house. Further, increased strategic initiatives, such as investments by the market players, are major factors driving the growth of the North America E-house market in the oil & gas industry.

On the contrary, lack of technical expertise, high maintenance and replacement cost, and impact of covid -19 pandemic hurdles the growth of North America E-house market.

Based on type, the North America E-house market is bifurcated into fixed substation and mobile substation. The mobile substation segment held 59.0% market share in 2022, amassing US$ 280.15 million. It is projected to garner US$ 395.47 million by 2028 to expand at 5.9% CAGR during 2022–2028.

Based on application, the North America E-house market is bifurcated into industrial and utilities. The industrial segment held 75.1% market share in 2022, amassing US$ 356.24 million. It is projected to garner US$ 487.56 million by 2028 to expand at 5.4% CAGR during 2022–2028.

Based on component, the North America E-house market is segmented into transformer, bus bar, power management system, variable frequency drive, switchgear, HVAC, and others. The transformer segment held 32.9% market share in 2022, amassing US$ 156.16 million. It is projected to garner US$ 178.99 million by 2028 to expand at 2.3% CAGR during 2022–2028.

Based on country, the North America E-house market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 68.3% market share in 2022. It was assessed at US$ 324.10 million in 2022 and is likely to hit US$ 450.67 million by 2028, exhibiting a CAGR of 5.6% during the forecast period.

Key players profiles in the North America E-house market report are ABB Ltd; Becker Mining Systems AG; Eaton; Powell Industries, Inc.; Powergear Limited; Schneider Electric SE; Sécheron; Siemens AG; StarFlite Systems; and WEG, among others.

April 2022, ABB and Samsung Electronics will collaborate in a global partnership to provide jointly developed technologies for energy savings, energy management, and the smart Internet of Things (IoT) connection of both residential and commercial buildings. Buildings generate almost 40 percent of annual global CO2 emissions1, and the partnership between the two companies will create a platform to build a long-term relationship for innovation on smart technology, smart control, and smart devices. In parallel to the home automation solutions, the two companies intend to expand collaboration between the Samsung Electronics heating, ventilation, and air-conditioning (HVAC) products and variable refrigerant flow (VRF) room control system and the ABB HVAC control system for commercial buildings and multi-dwelling developments.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America E-House Market Landscape

4.1 Market Overview

4.2 North America PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America E-House Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Ease of Installation, Cost-Effectiveness, and Flexibility of E-House

5.1.2 Surge in Demand for E-Houses from Oil & Gas Sector

5.2 Market Restraints

5.2.1 Lack of Technical Expertise, High Maintenance and Replacement Cost, and Impact of COVID -19 Pandemic

5.3 Future Trends

5.3.1 Technological Advancements in E-Houses

5.4 Impact Analysis of Drivers and Restraints

6. E-House Market – North America Analysis

6.1 North America E-House Market Overview

6.2 North America E-House Market – Revenue and Forecast to 2028 (US$ Million)

7. North America E-House Market Revenue and Forecast to 2028 – Type

7.1 Overview

7.2 North America E-house Market, By Type (2021 And 2028)

7.3 Fixed Substation

7.3.1 Overview

7.3.2 Fixed Substation: E-house Market Revenue and Forecast To 2028 (US$ Million)

7.4 Mobile Substation

7.4.1 Overview

7.4.2 Mobile Substation: E-House Market Revenue and Forecast To 2028 (US$ Million)

8. North America E-House Market Analysis – By Component

8.1 Overview

8.2 North America E-House Market, By Component (2021 and 2028)

8.3 Transformer

8.3.1 Overview

8.3.2 Transformer: E-House Market – Revenue, and Forecast to 2028 (US$ Million)

8.4 Bus Bar

8.4.1 Overview

8.4.2 Bus Bar: E-House Market – Revenue, and Forecast to 2028 (US$ Million)

8.5 Power Management System

8.5.1 Overview

8.5.2 Power Management System: E-House Market – Revenue, and Forecast to 2028 (US$ Million)

8.6 Variable Frequency Drive

8.6.1 Overview

8.6.2 Variable Frequency Drive: E-House Market – Revenue, and Forecast to 2028 (US$ Million)

8.7 Switchgear

8.7.1 Overview

8.7.2 Switchgear: E-House Market – Revenue, and Forecast to 2028 (US$ Million)

8.8 HVAC

8.8.1 Overview

8.8.2 HVAC: E-House Market – Revenue, and Forecast to 2028 (US$ Million)

8.9 Others

8.9.1 Overview

8.9.2 Others: E-House Market – Revenue, and Forecast to 2028 (US$ Million)

9. North America E-House Market Analysis – By Application

9.1 Overview

9.2 North America E-House Market, By Application (2021 and 2028)

9.3 Industrial

9.3.1 Overview

9.3.2 Industrial: E-House Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Utilities

9.4.1 Overview

9.4.2 Utilities: E-House Market – Revenue and Forecast to 2028 (US$ Million)

10. North America E-House Market – Country Analysis

10.1 Overview

10.1.1 North America: E-House Market- by Key Country

10.1.1.1 US: E-House Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 US: E-House Market- by Type

10.1.1.1.2 US: E-House Market- By Application

10.1.1.1.3 US: E-House Market- By Component

10.1.1.2 Canada: E-House Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 Canada: E-House Market- by Type

10.1.1.2.2 Canada: E-House Market- By Application

10.1.1.2.3 Canada: E-House Market- By Component

10.1.1.3 Mexico: E-House Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 Mexico: E-House Market- by Type

10.1.1.3.2 Mexico: E-House Market- By Application

10.1.1.3.3 Mexico: E-House Market- By Component

11. Industry Landscape

11.1 Overview

11.2 Merger and Acquisition

11.3 New Product Development

12. Company Profiles

12.1 ABB Ltd

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Eaton

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Becker Mining Systems AG

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Schneider Electric SE

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Siemens AG

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 WEG

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 StarFlite Systems

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Sécheron

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Powergear Limited

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Powell Industries, Inc.

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About the Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1.             North America E-House Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             US: E-House Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 3.             US: E-House Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 4.             US: E-House Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 5.             Canada: E-House Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 6.             Canada: E-House Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 7.             Canada: E-House Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 8.             Mexico: E-House Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 9.             Mexico: E-House Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 10.          Mexico: E-House Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 11.          List of Abbreviation

LIST OF FIGURES.

Figure 1.           North America E-House Market Segmentation

Figure 2.           North America E-House Market Segmentation – By Country

Figure 3.           North America E-House Market Overview

Figure 4.           North America E-House Market, By Type

Figure 5.           North America E-House Market, By Application

Figure 6.           North America E-House Market, By Component

Figure 7.           North America E-House Market, By Country

Figure 8.           North America: PEST Analysis

Figure 9.           North America Ecosystem Analysis

Figure 10.        Expert Opinion

Figure 11.        North America E-House Market Impact Analysis of Drivers and Restraints

Figure 12.        North America E-House Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        North America E-house Market, By Type (2021 and 2028)

Figure 14.        North America Fixed Substation: E-house Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        North America Mobile Substation: E-house Market Revenue and Forecast to 2028 (US$ Million)

Figure 16.        North America E-House market Revenue Share, by Component (2021 and 2028)

Figure 17.        North America Transformer: E-House Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 18.        North America Bus Bar: E-House Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 19.        North America Power Management System: E-House Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 20.        North America Variable Frequency Drive: E-House Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 21.        North America Switchgear: E-House Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 22.        North America HVAC: E-House Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 23.        North America Others: E-House Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 24.        North America E-House Market Revenue Share, by Application (2021 and 2028)

Figure 25.        North America Industrial: E-House Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        North America Utilities: E-House Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        North America: E-House Market, by Key Country (2021) (US$ Million)

Figure 28.        North America: E-House Market Revenue Share, by Key Country (2021 and 2028)

Figure 29.        US: E-House Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Canada: E-House Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Mexico: E-House Market – Revenue and Forecast to 2028 (US$ Million)

● ABB Ltd

● Becker Mining Systems AG

● Eaton

● Powell Industries, Inc.

● Powergear Limited

● Schneider Electric SE

● Sécheron

● Siemens AG

● StarFlite Systems

● WEG

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America E-house market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the North America E-house market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the E-house market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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