Shore Power Market Size, Share, and Analysis, By Installation (Shoreside, Shipside), By Component (Transformer, Switchgear, Frequency Converter, Cables & Accessories and Others), By Connection (New installation, Retrofit) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
Shore Power Market Size, Share, and Analysis, By Installation (Shoreside, Shipside), By Component (Transformer, Switchgear, Frequency Converter, Cables & Accessories and Others), By Connection (New installation, Retrofit) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Shore Power Market is anticipated t%li%grow at a CAGR of 12.2% in the forecast period (2024-2034), with the market size valued at USD 1.7 billion in 2023 and projected t%li%reach USD 6.1 billion by 2034.
Shore Power, which is als%li%referred as alternative maritime power, is used t%li%supply electric power t%li%ships while they are berthed in ports, rather than using ships own main engines. Electric power is generally provided by other sources such as grids located near the dock. Shore power systems help in reducing emissions and unnecessary fuel consumption by the ships as they keep on utilizing their engines running even when stationery in the harbour. Shore power system includes necessary power infrastructure situated at the port, with electrical connection points located in the docks, which facilitates in transferring power t%li%ships and boats. Shore power is used in the regions where stringent environmental regulations are t%li%be followed such as Eurozone, it all aligns with the global initiatives t%li%reduce the carbon footprints and sustainable development, for future generations.
MARKET HIGHLIGHTS
Shore Power Market is anticipated t%li%reach USD 6.1 billion, growing at a CAGR of 12.2% during the forecast period due t%li%the rising demand for efficient shore power required in ships and vessels, that may help in lowering overall emissions and reducing environmental footprints. Shore power plants are generally installed either near the shoreside or shipside, these helps in providing energy t%li%the vessels. As world moves towards efficient and green energy promotion, with reducing fossil fuel impact the market size of shore power will grow considerably.
Shore Power Market Segments:
Growth Drivers
Government Initiatives and better environmental regulations will promote sustainability
Reduction in Noise Pollution with efficient fuel cost savings increases market demand
Restraint
Limited availability of Ports with shore power may have a negative influence
Key Players
PRODUCT OVERVIEW
Shore Power Market is anticipated t%li%grow at a CAGR of 12.2% in the forecast period (2024-2034), with the market size valued at USD 1.7 billion in 2023 and projected t%li%reach USD 6.1 billion by 2034.
Shore Power, which is als%li%referred as alternative maritime power, is used t%li%supply electric power t%li%ships while they are berthed in ports, rather than using ships own main engines. Electric power is generally provided by other sources such as grids located near the dock. Shore power systems help in reducing emissions and unnecessary fuel consumption by the ships as they keep on utilizing their engines running even when stationery in the harbour. Shore power system includes necessary power infrastructure situated at the port, with electrical connection points located in the docks, which facilitates in transferring power t%li%ships and boats. Shore power is used in the regions where stringent environmental regulations are t%li%be followed such as Eurozone, it all aligns with the global initiatives t%li%reduce the carbon footprints and sustainable development, for future generations.
MARKET HIGHLIGHTS
Shore Power Market is anticipated t%li%reach USD 6.1 billion, growing at a CAGR of 12.2% during the forecast period due t%li%the rising demand for efficient shore power required in ships and vessels, that may help in lowering overall emissions and reducing environmental footprints. Shore power plants are generally installed either near the shoreside or shipside, these helps in providing energy t%li%the vessels. As world moves towards efficient and green energy promotion, with reducing fossil fuel impact the market size of shore power will grow considerably.
Shore Power Market Segments:
- By Installation
- Shoreside
- Shipside
- By Component
- Transformer
- Switchgear
- Frequency Converter
- Cables & Accessories
- Others
- By Connection
- New installation
- Retrofit
Growth Drivers
Government Initiatives and better environmental regulations will promote sustainability
Reduction in Noise Pollution with efficient fuel cost savings increases market demand
Restraint
Limited availability of Ports with shore power may have a negative influence
Key Players
- ABB
- Siemens
- Schneider Electric
- WEG
- EATON
- Wдrtsilд
- Cargill
- Voith
- Emerson
- Green Shore Power
- Plitmo
- KonДЌar
- Deltamarin
- Tekna
- Elkon
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2.Business Trends
1.3. Shore Power Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Shore Power Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Component Data
4.SHORE POWER MARKET – COMPONENT INSIGHTS
4.1. Component Segmentation
4.2.COVID-19 overview on world economy
4.3.Component ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.SHORE POWER MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. SHORE POWER MARKET SIZE & FORECAST 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Installation
11.3.1.1.Shoreside
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Shipside
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.2. By Component
11.3.2.1.Transformer
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2.Switchgear
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Frequency Converter
11.3.2.3.1.By Value (USD Million) 2024-2034F
11.3.2.3.2. Market Share (%) 2024-2034F
11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Cables & Accessories
11.3.2.4.1.By Value (USD Million) 2024-2034F
11.3.2.4.2. Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.5.Others
11.3.2.5.1.By Value (USD Million) 2024-2034F
11.3.2.5.2. Market Share (%) 2024-2034F
11.3.2.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Connection
11.3.3.1.New installation
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2.Retrofit
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
12.NORTH AMERICA SHORE POWER MARKET SIZE & FORECAST 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Installation
12.3.2. By Component
12.3.3. By Connection
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE SHORE POWER MARKET SIZE & FORECAST 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Installation
13.3.2. By Component
13.3.3. By Connection
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC SHORE POWER MARKET SIZE & FORECAST 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Installation
14.3.2. By Component
14.3.3. By Connection
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA SHORE POWER MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Installation
15.3.2. By Component
15.3.3. By Connection
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA SHORE POWER MARKET SIZE & FORECAST 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Installation
16.3.2. By Component
16.3.3. By Connection
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. ABB
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Siemens
18.3.Schneider Electric
18.4.WEG
18.5.EATON
18.6.Wдrtsilд
18.7.Cargill
18.8.Voith
18.9.Emerson
18.10. Green Shore Power
18.11. Plitmo
18.12.Konиar
18.13.Deltamarin
18.14. Tekna
18.15.Elkon
18.16.Other Prominent Players
19. APPENDIX
1.1. Regional Market Share
1.2.Business Trends
1.3. Shore Power Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Shore Power Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Component Data
4.SHORE POWER MARKET – COMPONENT INSIGHTS
4.1. Component Segmentation
4.2.COVID-19 overview on world economy
4.3.Component ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.SHORE POWER MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. SHORE POWER MARKET SIZE & FORECAST 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Installation
11.3.1.1.Shoreside
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Shipside
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.2. By Component
11.3.2.1.Transformer
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2.Switchgear
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Frequency Converter
11.3.2.3.1.By Value (USD Million) 2024-2034F
11.3.2.3.2. Market Share (%) 2024-2034F
11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Cables & Accessories
11.3.2.4.1.By Value (USD Million) 2024-2034F
11.3.2.4.2. Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.5.Others
11.3.2.5.1.By Value (USD Million) 2024-2034F
11.3.2.5.2. Market Share (%) 2024-2034F
11.3.2.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Connection
11.3.3.1.New installation
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2.Retrofit
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
12.NORTH AMERICA SHORE POWER MARKET SIZE & FORECAST 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Installation
12.3.2. By Component
12.3.3. By Connection
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE SHORE POWER MARKET SIZE & FORECAST 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Installation
13.3.2. By Component
13.3.3. By Connection
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC SHORE POWER MARKET SIZE & FORECAST 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Installation
14.3.2. By Component
14.3.3. By Connection
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA SHORE POWER MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Installation
15.3.2. By Component
15.3.3. By Connection
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA SHORE POWER MARKET SIZE & FORECAST 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Installation
16.3.2. By Component
16.3.3. By Connection
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. ABB
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Siemens
18.3.Schneider Electric
18.4.WEG
18.5.EATON
18.6.Wдrtsilд
18.7.Cargill
18.8.Voith
18.9.Emerson
18.10. Green Shore Power
18.11. Plitmo
18.12.Konиar
18.13.Deltamarin
18.14. Tekna
18.15.Elkon
18.16.Other Prominent Players
19. APPENDIX
