E-House Market - Size, Share, Industry Trends, and Forecasts (2024 - 2031)

By Type:

Based on types, the market is segmented into mobile substation and fixed.

Trends in the Type:

• The fixed type offers a permanent solution for housing electrical systems, providing stability and robustness for long-term applications.
• These substations are usually custom-built to meet precise site requirements, making them ideal for projects with predictable, sustained power needs.

The mobile substation segment accounted for the largest revenue share of the total E-house market share in 2023 and is anticipated to register the fastest CAGR during the forecast period.

• Mobile substations are specifically designed for rapid deployment, providing crucial support during power outages or emergencies.
• They offer a flexible and effective solution for industries and utilities in need of temporary, reliable power.
• The mobile substation market consists mainly of small to mid-sized, locally focused companies with electrical engineering expertise.
• These providers primarily serve utilities, offering specialized power solutions for regional needs.
• In November 2021, VEO signed a contract with Boliden to deliver a 5MW mobile substation for Boliden Kevitsa mine’s machinery which improved operational efficiency.
• For instance, Zest WEG made a custom-designed mobile substation for Guinea in 2022 by using its in-house expertise and local manufacturing facility.
• According to the analysis, the rising necessity for improving operational efficiency is driving the adoption of the mobile substation segment in the E-house industry.

By Component:

Based on components, the market is segmented into switchgear, transformers, UPS, HVAC systems, and others.

Trends in the Component:

• The incorporation of high-efficiency transformers in electrical houses is on the rise, driven by the requirement for energy savings and improved performance in industrial and utility applications.
• There is a rising trend toward smart HVAC systems with remote monitoring capabilities, enabling precise climate control and reduced maintenance costs in E-house installations.

The switchgear segment accounted for the largest revenue at % of the overall E-house market share in 2023.

• Switchgear plays an important role in electrical houses by ensuring safe and efficient power distribution, which is essential for interrupted operations.
• This high revenue share reflects the significant trend for switchgear in various industries that rely on electrical houses for secure power regulation.
• Increasing innovations in switchgear, such as automated control and digital monitoring, have improved its value, making it an ideal option for modern electrical house installations.
• In August 2020, Schneider Electric Group partnered with L&T Switchgear following L&T’s investment and diversification of its automation and electrical business.
• Therefore, the rising investments and partnerships related to switchgear sare driving the E-house market growth.

The UPS segment is anticipated to register the fastest CAGR during the forecast period.

• As industries increasingly prioritize power reliability, the demand for UPS systems in electrical houses has increased, supporting continuous operations during power disruptions.
• Sectors such as healthcare, data centers, and industrial automation rely heavily on UPS systems to prevent downtime.
• There is an increase in innovations in UPS technologies, such as modular designs and energy-efficient systems.
• Rising concerns over power grid stability are driving companies to heavily invest in UPS systems as a reliable backup solution.
• In September 2023, Vertiv launched Vertiv Liebert APM2 an UPS, which is compact in size and compatible with VRLA and Li-ion batteries for midsized and edge applications.
• Hence, the rising advancements related to UPS are driving the market.

By Application:

Based on application, the market is segmented into industrial, mining, oil & gas, and others.

Trends in the Application:

• There is an increasing utilization of electrical houses in the mining sector for remote mining operations to house electrical equipment safely and efficiently in harsh environments.
• Rising adoption of electrical houses in oil and gas applications to facilitate the safety of electrical systems.

The industrial segment accounted for the largest revenue at 41.28% of the overall share in 2023 and is anticipated to register the fastest CAGR during the forecast period.

• sE-houses are prefabricated modular structures designed for use in industrial purposes for operational efficiency in remote environments.
• It offers time and cost savings through prefabrication and enhances safety by protecting equipment from hazardous environments.
• It is used in the energy sector for power plants and substations for reliable power supply in remote areas.
• For instance, in October 2024, KJ Controls developed a customized electrical house for a plywood facility which included a workstation and a PLC cabinet for monitoring. 
• Therefore, the rising advancements in the customization of electrical houses for different industrial applications drive the market.