Canada E-house Market Overview
Canada E-house Market is anticipated to register substantial growth over the coming years. E- houses are used in a variety of domains such as oil and gas, mining and power utility. Growth in mining and power infrastructure has increased the demand for electrical houses in Canada. Furthermore, the construction of public infrastructure, dedicated freight corridors, ports, and special economic zones in the country would supplement the growth of E-house in the coming years. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth.
According to 6Wresearch, Canada E-house Market size is projected to grow at CAGR of 4.9% during 2020-2026. In recent months, on account of the novel coronavirus outbreak, the market for E-houses in Canada is anticipated to witness a decline due to the momentary halt in economic activities. However, as nations begin to lift lockdown and as the economies get back on track the market for E- the house is anticipated to recover post-2020 and grow in the forecast period. Further, the development of a smart grid and rapidly increasing mining sector along with higher demand for renewable energy would support the demand for E-houses in Canada.
Market Analysis by Voltage Type
By Voltage type, the medium voltage electrical house held the highest market revenue share in 2019 on account of widespread adoption by commercial and power utility domains. Furthermore, reviving the construction sector and developing public infrastructure would also aid in the growth of the electrical house's market in the country.
Market Analysis by Application
By Application, metal and mining, power utility and oil and gas segment account for a cumulative market share of around 60% in the overall market revenues in 2019. Metal and mining is expected to dominate the market of E-house as interim power solutions such as E-house remain critical to exploration operations. Additionally, modernization of power infrastructure and grid systems in the country is also likely to generate prospects for the growth of E-houses.
Key Highlights of the Report
- Canada E-House Market Overview
- Canada E-House Market Outlook
- Canada E-House Market, Until 2026
- Market Drivers, Restraints and Trends
- Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Market Player’s Revenue Shares
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
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