LONDON, Fev. 5, 2018 /PRNewswire/ — E House market to exhibit steady growth between 2018 and 2023
The e house market is expected to grow from USD 1.09 billion in 2018 to USD 1.51 billion by 2023, at a CAGR of 6.75% between 2018 and 2023. Factors driving the growth of this market include the cost-effectiveness, flexibility, and ease of installation of e houses.
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E houses can be installed in a limited space with just a simple foundation and easily relocated without difficulties. However, maintenance of e house is a crucial aspect as any small failure may cause some serious disturbances and immediate availability of technical expert is some time difficult
E house market for industrial application to grow at a notable rate during the forecast period
Oil & gas and metals & mining, among others, are the industrial applications of e house. Huge shale gas development across North America and offshore deepwater exploration and production activities were the hallmark of oil & gas industry in the past decade owing to advancements in technologies. However, crude oil price plunge has impacted this industry in the past few years and its trading way below its all-time high. FPSO/FSO and wellhead platform for offshore production and refining complexes requires integrated electrical solution, which has led the oil & gas industry to hold the largest share of the e house market. Fixed e houses are predominantly used in industrial applications
Americas to hold significant e house market share during the forecast period
Metals & mining is one of the prominent market for e house in this region. In 2015, the Americas accounted for 3.7 billion metric ton in the total mineral production. Data centers, utilities, and various other applications also require e houses to a certain extent. The increasing consumption of electricity and the need for reliable power supply fuels the growth of the e house market in the US. South America is one of the prominent markets for e house with the utility sector and industrial applications being the primary areas of its consumption.
The breakup of the profiles of primary participants for the report has been given below:
• By Company Size: Tier 1 = 25%, Tier 2 = 30%, and Tier 3 = 45%
• By Designation: C-Level Executives = 48%, D-Level Executives = 35%, and Others = 17%
• By Region: North America = 20%, Europe = 28%, APAC = 12%, and RoW =