Amid Falling Energy Demand & Collapsing End-Use Markets, E-Houses Suffer a $101,2Million Setback

New York, Nov. 24, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Electrical Houses (E-Houses) Industry” – https://www.reportlinker.com/p05988028/?utm_source=GNW
7 billion by the year 2027 trailing a post COVID-19 CAGR of 5.9% over the analysis period 2020 to 2027. In 1Q 2020, electricity demand dropped sharply as confinement measures led to closure of manufacturing plants, retail & commercial facilities. Post lockdown, the steep global recession & slump in economic activity are preventing demand recovery to pre-lockdown levels. In the U.S. commercial & industrial sectors triggered a -7.8% drop in power demand in 2020 Vs 2019. Demand for E-Houses defined as modular power substations has been impacted by the reduction in electricity consumption. Widely used as temporary &flexible power supply at construction & infrastructure project sites, demand remains severely crippled by the collapse of the construction industry combined with budget reductions for infrastructure development. The decision of leading oil companies to cut E&P budgets also continues to impact the demand for e-houses. The COVID-19 outbreak is leading to significant apex reductions for 2020 in upstream, midstream and downstream sectors, although the extent of investment cuts varies across the value chain. While upstream operations have seen considerable reduction in shale drilling operations, unsanctioned developments and exploration projects, midstream projects have also been deferred. Midstream focused companies have until now announced less cuts to their budgets compared to upstream oriented companies. This could be in part attributed to the greater protection offered by midstream sector to players specifically pipeline operators in times of volatile oil prices, as cash flow is dependent on supply volumes rather than commodity prices.
ABB GroupAktif Group of CompaniesCG Power and Industrial Solutions Ltd.Delta Star, Inc.Eaton Corporation PLCEfacec GroupElectroinnova Instalaciones y Mantenimientos S.L.Elgin Power SolutionsGeneral Electric CompanyMatelec Group (Lebanon)Meidensha CorporationNARI Group CorporationPme Power Solutions (India) Ltd.Powell Industries, Inc.Schneider Electric SASiemens AGUnit Electrical Engineering Ltd.WEG SAClare: [email protected]
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Intl: +1 339-368-6001


(GlobeNewsWire)