PUBLISHER: The Insight Partners | PRODUCT CODE: 1181480
PUBLISHER: The Insight Partners | PRODUCT CODE: 1181480
The E-house market in South & Central America is expected to grow from US$ 41.21 million in 2022 to US$ 48.98 million by 2028. It is estimated to grow at a CAGR of 2.9% 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
Brazil, Argentina, and the Rest of South & Central America are the key contributors to the E-house market in the South & Central America. The major industries in the region are oil & gas, transportation, and mining. In August 2022, Companhia Paranaense de Construcao S.A. received a contract from Horizonte Minerals to construct the Araguaia nickel project in Brazil. In April 2022, Exon invested US$ 10 billion in Yellowtail, a new offshore oil production project in Guyana. This government-approved project is expected to produce 250,000 barrels of oil per day. In addition, in January 2022, the Argentina government signed a Memorandum of Understanding with China to develop three rail projects under Argentina Rail Modernization Plan. This agreement covers the development of the Sarmiento line, electrification of the Belgrano line, and renewal of Urquiza lines. The upcoming developments concerning the end user industries such as oil and gas, mining and minerals, and utilities, among others would boost the South & Central America E-house market growth.
South & Central America E-House Market Revenue and Forecast to 2028 (US$ Million)
South & Central America E-House Market Segmentation
The South & Central 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 a 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 Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the market share in 2022.
ABB Ltd; Becker Mining Systems AG; Eaton; Powell Industries, Inc.; Powergear Limited; Schneider Electric SE; Secheron; Siemens AG; and WEG are the leading companies operating in the E-house market in the South & Central America region.