The E-House market is influenced by various market factors that collectively shape its growth and trajectory. One crucial factor is the increasing global population and urbanization. As more people shift to living in cities, the need for homes grows a lot. E-Houses can be built quickly and cheaply. They help meet the need for more housing by giving a good option to both builders and people who want to buy homes. So, the market is pushed by the basic need for homes in growing city areas.
The cost is a major market factor pushing the E-House industry forward. Normal ways to build often cost a lot of money, which stops many people from owning their homes. E-Houses use a method of building parts together. This makes making them easier and cheaper in labor costs overall construction expenses too. This money-saving feature makes E-Houses appealing, especially in places where it's hard to afford a house. This creates more need and increase the market size over time.
The government's rules and actions help make the E-House market what it is. Many countries all over the world know that prefab buildings can help solve lack of houses, support green living and boost money growth. Helpful rules, financial support and rewards for E-House projects make developers and home buyers want to use this new way of building houses. Governments focus on housing and green growth, they still have a big role in the e-house market. Care about the environment and a growing focus on living in a way that doesn't harm nature are also helping to make E-Houses more popular. Building things before putting them together helps make less trash than usual ways of building. This supports global efforts to be kinder on the Earth's environment.
E-Houses often use energy saving tech and eco friendly stuff. This gets the attention of people who care about nature. So, the market gets affected by bigger changes in society that want sustainability. This means people ask for houses with less impact on nature. Technology improvement is a big reason for the E-House market to grow. Inventions like better robots, 3D printing and smart home gadgets are changing how we build things. These tools make E-House making more accurate and better. They help the market grow too. As technology gets better, the E-House market will likely see more improvements. This could make using pieces to build homes even nicer and possible than before. People's approval and comprehension are crucial to the success of the E-House market. We must pit outdated notions against factory-built dwellings to demonstrate their inadequacy.
This will contribute to the market's expansion. With increased awareness of the positive aspects of E-Housing initiatives, such as expedited construction schedules and diverse selection options. Additionally, the fact that they have achieved success is likely to increase the likelihood that others will embrace it with enthusiasm. Infrastructure development and the need for rapid construction solutions in various sectors, including commercial, industrial, and institutional, contribute to the market factors of the E-House market. E-Houses find applications beyond residential housing, meeting the demand for quick and versatile construction in diverse sectors. This adaptability to various construction needs enhances the market's resilience and potential for sustained growth.
Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 1.5 Billion |
Market Size Value In 2023 | USD 1.59 Billion |
Growth Rate | 6.3% (2023-2032) |
E-House Market Size was valued at USD 1647.81 Million in 2023. The E-House industry is projected to grow from USD 1801.05 Million in 2024 to USD 3674.99 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 9.32% during the forecast period (2024 - 2032). E-House, rise in demand from power sector and increase in oil and gas demand across the globe are the key market drivers boosting the growth of the E-House market.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The metal and mining industry plays a crucial role in the global economy, providing essential raw materials for various sectors such as construction, manufacturing, and infrastructure development. As these industries continue to expand, there is a significant opportunity for market players in the E-house market to provide innovative solutions for the accommodation and operational needs of workers in remote mining sites and metal processing facilities.
The demand for E-house solutions in metal and mining activities is driven by several factors:
Remote Locations: Many mining and metal extraction sites are located in remote areas with limited access to traditional housing and infrastructure. E-house solutions offer a cost-effective and efficient way to provide accommodation for workers in these challenging environments.
Operational Efficiency: Prefabricated houses can be quickly deployed, allowing mining companies to establish operational facilities rapidly and efficiently. This is particularly important in the metal and mining industry, where time-sensitive projects require swift setup of operational infrastructure.
Safety and Comfort: E-house solutions can be customized to meet specific safety standards and provide comfortable living conditions for workers in harsh environments, thereby enhancing employee satisfaction and retention.
As result of the factors the mining companies are increasingly adopting the e-houses for carrying out the projects which demonstartes the growing significance of E-house solutions in metal and mining activities, For instance, April 2023, DXN, an Australian data center firm, has been awarded a $1 million contract to provide a modular data center to AngloAmerican, a multinational mining company. The data center will be used at AngloAmerican's CapCoal mining site in Queensland, Australia. Under the contract, DXN will design, build, and deploy a prefabricated data center module that will serve as a critical infrastructure hub for AngloAmerican's mining operations. The module will be equipped with state-of-the-art technology, including high-performance computing, data storage, and networking equipment. The modular design of the data center allows for easy expansion and relocation, making it an ideal solution for mining companies that often operate in remote locations with limited infrastructure. The data center will be built in DXN's manufacturing facility in Brisbane, before being transported to the CapCoal site for assembly. The contract win is a significant milestone for DXN, which has been expanding its presence in the resources sector.
Based on type, the E-House Market segmentation includes Mobile, Semi-Mobile, and Fixed. The mobile held the majority share in 2022, contributing around ~57% to the market revenue. A mobile E-house is a self-contained electrical substation that can be easily transported to different locations. It consists of a combination of electrical equipment such as transformers, switchgears, circuit breakers, and other necessary devices, all housed within a single structure or trailer. Mobile E-house are used to distribute electricity in various settings, including construction sites, festivals, and emergency situations where there is a need for temporary power supply. They can also serve as backup power sources for hospitals, data centers, and other critical facilities. The growth of the segment is attributed various benefits provided by the mobile E-house for instance, One of the primary advantages of mobile E-houses is their portability, which allows them to be quickly moved to areas where they are needed. They can be transported by truck or train, and some models do not require special permits or traffic authorization, making them even more versatile. Once on-site, mobile E-houses can be quickly assembled and put into operation, providing a reliable source of electricity
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Based on the component, the E-House Market segmentation is Switchgear, Transformer, UPS, Control Panel, Busway, HVAC System and Others. Switchgear dominated the market in 2022. The E-House with Switchgear is an outdoor low, medium, and high voltage electrical unit designed to receive and distribute AC three-phase power at a rated voltage of either 6 kV or 10 kV at 50Hz to end users in the construction, industrial, and agricultural sectors. Electrical switchgear is a term used to describe a centralized set of fuses, switches, and circuit breakers, also known as circuit protection devices, which are used to isolate, control, and safeguard electrical equipment. Metal frameworks hold the circuit protection devices in place. An assembly or line-up of one or more of these structures is referred to as switchgear. Electric utility transmission and distribution networks, as well as medium- to large-scale commercial and industrial buildings, frequently contain switchgear
Based on voltage, the E-House Market segmentation includes Low and Medium. The medium owners held the majority share in 2022. In E-house the medium voltage typically refers to electrical system operating at voltage between 1KV AC and 36KV AC. Medium voltage switchgear include devices such as circuit breakers, paralleling switchgear, AIS (Air-Insulated Switchgear), main ring units, motor control centers, railway & marine switchgear, and surge arresters. They are widely used in many end-user sectors, particularly in manufacturing, process industries, and Transmission & Distribution (T&D) utilities. Their responsibilities include protecting industrial machinery such heating, lighting, and air conditioning systems, generators, motors, compressors, HVAC systems, and supporting T&D sub-stations. They also include providing overload current protection. This medium voltage e-house is basically used for commercial, industrial, and utility substations settings where medium voltage is required.
Based on application, the E-House Market segmentation includes Oil & Gas, Mining, Power Utilities, Transportation, and Others. The Oil & Gas owners held the majority share in 2022. E-houses, or electrical houses, play a crucial role in oil and gas operations by providing a controlled and secure environment for housing essential electrical and control systems. The increasing use of E-Houses in the oil and gas industry is a response to the sector's growing recognition of the benefits these prefabricated structures offer in terms of efficiency, safety, and adaptability. fast deployment, reducing on-site construction time, and minimizing downtime in critical energy infrastructure. Within the oil and gas sector, E-Houses are connected to housing equipment such as switchgear, motor control centers, and instrumentation systems, contributing to the reliability and safety of operations. The remote and challenging environments of oil and gas facilities make E-Houses a practical solution, as they are prefabricated off-site and transported to locations where traditional construction is challenging. As the industry continues to embrace digitalization and automation, the increased use of E-Houses reflects a strategic approach to modernizing electrical infrastructure, enhancing operational efficiency, and meeting the demands of the dynamic oil and gas landscape
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific E-House market accounted for ~39% in 2022. The Asia-Pacific region has been experiencing significant growth in the e-house market due to rapid industrialization, urbanization, and infrastructural development. The power infrastructure is growing in the Asia-Pacific region owing to several reasons. The region is experiencing rapid economic growth, which has led to an increase in demand for electricity. Additionally, the growing population is contributing to the increasing demand for electricity. According to the Worldometer data for 2023, Asia and the Pacific combined has more than 4.78 billion population. Another factor that is supporting the region’s market growth is increasing industrial activities. For instance, the National Bureau of Statistics of China reported that industrial production in China grew by 8.3% year-on-year in August 2021.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Further, the major countries studied in the market report are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
North America market accounts for the second-largest market share. The e-house market in North America has been experiencing significant growth in recent years, driven by factors such as technological advancements, increasing demand for efficient power distribution systems, and government initiatives to promote renewable energy sources. The United States is one of the largest market for e-houses in North America, with several key players such as ABB, Siemens, and Schneider Electric dominating the market. The country has been observing the increased demand for e-houses due to its vast energy infrastructure, particularly in the renewable energy sector. For instance, in January 2024. US government allocated $4.9 billion for 37 infrastructure projects, emphasizing Mega and INFRA grants. Focus on large transformative endeavors, including bridge replacements. Funding oversubscribed, next application period in mid-2024. The US government have also implemented schemes such as the Investment Tax Credit (ITC) and Production Tax Credit (PTC) to promote solar and wind energy, respectively.
The Europe E-House Market is expected to grow at the fastest CAGR between 2022 and 2032. The E-house market in Europe is witnessing robust growth, driven by the region's commitment to transitioning towards sustainable and renewable energy sources. For instance, According to International Energy Agency, in May 2022 the European Commission proposed to increase the European Union’s renewable energy target for 2030 to 45% as part of the REPowerEU Plan (which would require 1 236 GW of total installed renewable capacity). Many European countries have already expanded their renewables support mechanisms in order to accelerate renewable power and heat use with a view to the 2030 targets and in response to the energy crisis resulting from Russia’s invasion of Ukraine.
With a strong presence across different verticals and geographies, the E-House market is highly competitive and dominated by established, pure-play vendors. Over 30 vendors cater to this market, and they continually innovate their solutions to meet the evolving needs of businesses by adopting new technologies. These vendors have a robust geographic footprint and partner ecosystem to cater to diverse customer segments. The E-House market is highly competitive, with many vendors offering similar products and services.
The major players in the market include SGS Group, Bureau Veritas, DEKRA, Intertek Group Plc, TUV SUD, and others. ABB focuses on acquisition as a part of its organic strategy to increase its geographic presence and product offerings. The company also aims to invest a high share in research and development to offer a diverse product portfolio to its customers. The company also focuses on enhancing its after-sales services to retain customers.
Siemens is continuously expanding its product portfolio with significant investments in research and development. The company is focused on enhancing its service offerings and expanding its global presence through contracts and agreements to strengthen its expertise in technology. These contracts and agreements also help Siemens strengthen its presence in the competitive market. Currently. The company's focus is also on empowering customers through the utilization of technology that tests data and translates it into the digital range
The E-House Market is consolidated, increasing competition, acquisitions, mergers, and other strategic market developments and decisions to improve operational effectiveness.
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)