SupportNews 1: The Global E-House Market is Predicted to Reach 6.2% CAGR By 2032
The e-house market consists of prefabricated power distribution equipment that can be customized to meet the specific needs of its end-user. This market includes electrical products such as transformers, busbars, and switchgear. In 2017-2021 alone, the global e-house market grew at a compounding rate of 3.2% each year, according to Digital Journey. As of 2022, the market was appraised at 1.82 billion USD. In the next decade, the e-house market is expected to increase 6.2% on average per year and reach 3.13 billion USD by 2032.
Exponential growth in this market can be attributed to an increasing demand for portable power on building sites, the growing automotive industry, and increasing industrial production. As of 2023, the construction industry is valued at almost 2 trillion USD. The massive construction industry calls for portable power solutions to help increase productivity in remote locations.
The entertainment industry is projected to reach 825 billion USD by the end of 2023, according to PwC. With multiple industries demanding temporary power equipment to increase their productivity, the future is looking bright for electrical suppliers. We specialize in portable power products for construction, entertainment, and other emergency power markets. Some of these products include generator cables, company switches, transfer switches, tap box enclosures, and more. We provide products from top domestic manufacturers and can ship anywhere throughout the United States. For more information about our products, please contact a sales representative at [email protected].
News 2: 2023 Q1 Supply Chain Analysis and Predictions
Fuel costs and supply chain stability still has not returned to pre-pandemic rates. Global disruptions have affected the first quarter of 2023 and are expected to continue throughout the rest of the year. These disruptions are expected to increase lead times for electrical suppliers that do not implement strategies to stay ahead. Consumer demand for electrical supplies is expected to stay strong throughout the year. However, a sluggish economy and a surge of worker layoffs may cause a bullwhip effect in the electrical supply industry. The bullwhip effect refers to an economic tendency for demand to spike and create a chain reaction as the entire supply chain struggles to keep up.
We work closely with our network of trusted manufacturers to keep our inventory fully stocked. Our team focuses on partnering with domestic manufacturers to avoid issues that might arise with shipments. All our products are made in the USA, and we closely manage our inventory to be sure that we can always provide our customers with the power solutions they need in short lead times. Our team members have decades of combined experience when it comes to supply chain management. We work hard to constantly adapt our supply chain strategy so that our customers can receive emergency power solutions in a moment’s notice.
News 3: Why Are Warehouse Rent Rates Increasing?
Warehouse space has become increasingly scarce as companies hold onto safety stock due to supply chain disruptions and a shift to e-commerce spending. Rent rates have increased by an average of 8% over the course of 2022 and aren’t expected to decrease in the near future, according to Tony Traham. Rent rates are increasing faster in areas near major cities.
Until the supply chain stabilizes, we recommend implementing strategies that will help you handle rent increases. This may include building vertically, combining shipping and receiving docks, and diversifying warehouse locations. Building vertically allows you to utilize every inch of space before warehouse expansions are necessary. Combining shipping and receiving docks will free up extra floor space and help streamline your shipping processes.
The electrical supply industry is in a constant state of change. The team at Temporary Power Supply strives to always stay on the cutting edge of industry trends, technology, and market forecasts. We offer high-quality, low-cost emergency electrical products with short lead times. If we can’t get you what you need on time, we will find an alternative solution to meet your project’s needs. If you’re interested in learning more about the value that we can provide, please send us an email at [email protected].