Global Shore Power Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Shore Power Market is presumed to reach the market size of nearly USD 5.87 Billion by 2032 from USD 2.29 Billion in 2023 with a CAGR of 11.03% under the study period 2024 - 2032.

Shore power, also known as shore-to-ship power or cold ironing, refers to the provision of electrical power to a ship while it is docked at a port. Instead of relying on the ship's onboard generators to meet its electrical needs while in port, shore power allows the vessel to connect to the local electrical grid on land. This connection enables the ship to turn off its diesel generators, reducing air emissions, noise, and fuel consumption during the time it is berthed.

MARKET DYNAMICS

The shore power market is driven by a confluence of factors emphasizing environmental sustainability in the maritime sector. Stringent environmental regulations, both international and regional, propel the adoption of shore power to curb air emissions from ships while docked. The market is further energized by global sustainability initiatives, heightened awareness of climate change, and a commitment to scale down the carbon footprint of the maritime industry. Ports undergoing modernization projects are integrating shore power infrastructure, supported by government incentives and funding. Corporate social responsibility initiatives among shipping companies, responding to public expectations and community pressure for cleaner port operations, contribute to the market's growth. Ongoing technological advancements in shore power systems enhance reliability and performance while long-term cost savings associated with reduced fuel consumption drive adoption. Collaboration within the industry and the development of standardized shore power solutions facilitate widespread implementation, positioning it as a key component in advancing sustainable practices in the maritime sector.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of shore power. The growth and trends of shore power industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the shore power market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Power Output

Up To 3 MVA
3 MVA To 10 MVA
>10 MVA

By Installation

New
Retrofit

By Connection

Port Terminal
Shore Power To Ship (Ro-Ro Vessels, Cruise Ships, Container Ships, LNG Carrier, Tankers, Bulk Carriers, Offshore Vessels, Others)
E-Vessel Charging

By Component

Transformer
Power Distribution System
Control Panel
Frequency Converter
Cable Reel And Connectors
Switchboard
Others

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Shore Power market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Shore Power market include ABB, Wartsila, Cavotec SA, Siemens, Yara Marine Technologies, PowerCon A/S, Preen (AC Power Corp.), Danfoss, Hareid Group, Schneider Electric, Wabtec Corporation, General Electric, Blueday Technology AS. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112113564

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . SHORE POWER - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Power Output
- 3.7.2 Market Attractiveness Analysis By Installation
- 3.7.3 Market Attractiveness Analysis By Connection
- 3.7.4 Market Attractiveness Analysis By Component
- 3.7.5 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . GLOBAL SHORE POWER MARKET ANALYSIS BY POWER OUTPUT

5.1 Overview by Power Output
5.2 Historical and Forecast Data
5.3 Analysis by Power Output
5.4 Up to 3 MVA Historic and Forecast Sales by Regions
5.5 3 MVA to 10 MVA Historic and Forecast Sales by Regions
5.6 >10 MVA Historic and Forecast Sales by Regions

6 . GLOBAL SHORE POWER MARKET ANALYSIS BY INSTALLATION

6.1 Overview by Installation
6.2 Historical and Forecast Data
6.3 Analysis by Installation
6.4 New Historic and Forecast Sales by Regions
6.5 Retrofit Historic and Forecast Sales by Regions

7 . GLOBAL SHORE POWER MARKET ANALYSIS BY CONNECTION

7.1 Overview by Connection
7.2 Historical and Forecast Data
7.3 Analysis by Connection
7.4 Port Terminal Historic and Forecast Sales by Regions
7.5 Shore Power to Ship (Ro-Ro Vessels, Cruise Ships, Container Ships, LNG Carrier, Tankers, Bulk Carriers, Offshore Vessels, Others) Historic and Forecast Sales by Regions
7.6 E-Vessel Charging Historic and Forecast Sales by Regions

8 . GLOBAL SHORE POWER MARKET ANALYSIS BY COMPONENT

8.1 Overview by Component
8.2 Historical and Forecast Data
8.3 Analysis by Component
8.4 Transformer Historic and Forecast Sales by Regions
8.5 Power Distribution System Historic and Forecast Sales by Regions
8.6 Control Panel Historic and Forecast Sales by Regions
8.7 Frequency Converter Historic and Forecast Sales by Regions
8.8 Cable Reel and Connectors Historic and Forecast Sales by Regions
8.9 Switchboard Historic and Forecast Sales by Regions
8.10. Others Historic and Forecast Sales by Regions

9 . GLOBAL SHORE POWER MARKET ANALYSIS BY GEOGRAPHY

9.1. Regional Outlook
9.2. Introduction
9.3. North America Sales Analysis
- 9.3.1. Overview, Historic and Forecast Data Sales Analysis
- 9.3.2. North America By Segment Sales Analysis
- 9.3.3. North America By Country Sales Analysis
- 9.3.4. United State Sales Analysis
- 9.3.5. Canada Sales Analysis
- 9.3.6. Mexico Sales Analysis
9.4. Europe Sales Analysis
- 9.4.1. Overview, Historic and Forecast Data Sales Analysis
- 9.4.2. Europe by Segment Sales Analysis
- 9.4.3. Europe by Country Sales Analysis
- 9.4.4. United Kingdom Sales Analysis
- 9.4.5. France Sales Analysis
- 9.4.6. Germany Sales Analysis
- 9.4.7. Italy Sales Analysis
- 9.4.8. Russia Sales Analysis
- 9.4.9. Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
- 9.5.1. Overview, Historic and Forecast Data Sales Analysis
- 9.5.2. Asia Pacific by Segment Sales Analysis
- 9.5.3. Asia Pacific by Country Sales Analysis
- 9.5.4. China Sales Analysis
- 9.5.5. India Sales Analysis
- 9.5.6. Japan Sales Analysis
- 9.5.7. South Korea Sales Analysis
- 9.5.8. Australia Sales Analysis
- 9.5.9. South East Asia Sales Analysis
- 9.5.10. Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
- 9.6.1. Overview, Historic and Forecast Data Sales Analysis
- 9.6.2. Latin America by Segment Sales Analysis
- 9.6.3. Latin America by Country Sales Analysis
- 9.6.4. Brazil Sales Analysis
- 9.6.5. Argentina Sales Analysis
- 9.6.6. Peru Sales Analysis
- 9.6.7. Chile Sales Analysis
- 9.6.8. Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
- 9.7.1. Overview, Historic and Forecast Data Sales Analysis
- 9.7.2. Middle East & Africa by Segment Sales Analysis
- 9.7.3. Middle East & Africa by Country Sales Analysis
- 9.7.4. Saudi Arabia Sales Analysis
- 9.7.5. UAE Sales Analysis
- 9.7.6. Israel Sales Analysis
- 9.7.7. South Africa Sales Analysis
- 9.7.8. Rest Of Middle East And Africa Sales Analysis

10 . COMPETITIVE LANDSCAPE OF THE SHORE POWER COMPANIES

10.1. Shore Power Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments

11 . COMPANY PROFILES OF SHORE POWER INDUSTRY

11.1. Company Share Analysis
11.2. Market Concentration Rate
11.3. ABB
- 11.3.1. Company Overview
- 11.3.2. Company Revenue
- 11.3.3. Products
- 11.3.4. Recent Developments
11.4. Wartsila
- 11.4.1. Company Overview
- 11.4.2. Company Revenue
- 11.4.3. Products
- 11.4.4. Recent Developments
11.5. Cavotec SA
- 11.5.1. Company Overview
- 11.5.2. Company Revenue
- 11.5.3. Products
- 11.5.4. Recent Developments
11.6. Siemens
- 11.6.1. Company Overview
- 11.6.2. Company Revenue
- 11.6.3. Products
- 11.6.4. Recent Developments
11.7. Yara Marine Technologies
- 11.7.1. Company Overview
- 11.7.2. Company Revenue
- 11.7.3. Products
- 11.7.4. Recent Developments
11.8. PowerCon A/S
- 11.8.1. Company Overview
- 11.8.2. Company Revenue
- 11.8.3. Products
- 11.8.4. Recent Developments
11.9. Preen (AC Power Corp.)
- 11.9.1. Company Overview
- 11.9.2. Company Revenue
- 11.9.3. Products
- 11.9.4. Recent Developments
11.10. Danfoss
- 11.10.1. Company Overview
- 11.10.2. Company Revenue
- 11.10.3. Products
- 11.10.4. Recent Developments
11.11. Hareid Group
- 11.11.1. Company Overview
- 11.11.2. Company Revenue
- 11.11.3. Products
- 11.11.4. Recent Developments
11.12. Schneider Electric
- 11.12.1. Company Overview
- 11.12.2. Company Revenue
- 11.12.3. Products
- 11.12.4. Recent Developments
11.13. Wabtec Corporation
- 11.13.1. Company Overview
- 11.13.2. Company Revenue
- 11.13.3. Products
- 11.13.4. Recent Developments
11.14. General Electric
- 11.14.1. Company Overview
- 11.14.2. Company Revenue
- 11.14.3. Products
- 11.14.4. Recent Developments
11.15. Blueday Technology AS
- 11.15.1. Company Overview
- 11.15.2. Company Revenue
- 11.15.3. Products
- 11.15.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies