Shore Power Market

Shore Power Market by Installation (Shoreside, Shipside), by Connection (New Installation, Retrofit), Component (Transformers, Frequency Converters, and More), Power Output (Up to 30 MVA, 30 to 60 MVA, Above 60 MVA), and Region - Global Forecast to 2025

Report Code: EP 7257 Jun, 2020, by marketsandmarkets.com

Shore Power Market

Global Shore Power Market is expected to grow at a CAGR of 6.7 %

Shore Power Market and Top Companies:

  • Siemens (Germany)
  • Schneider Electric (France)
  • Cavotec (Switzerland)
  • Wartsila (Finland)
  • Vinci Energies (France)
  • Danfoss (Denmark)
  • ABB (Hitachi) (Switzerland)
  • ESL Power Systems (US).
  • IGUS (Germany)
  • Blueday Technology (Norway)

Siemens (Germany): Siemens is a major engineering and manufacturing company, focusing on the areas of electrification, automation, and digitalization. The company provides innovative digitalization products and solutions for optimized operations in multiple industries. It caters to the needs of various industries, such as infrastructure, energy, medical, and finance. Siemens operates its business through 7 business divisions, namely, Gas and Power, Smart Infrastructure, Digital Industries, Siemens Healthineers, Mobility, Siemens Gamesa Renewable Energy, and Financial Services. The company offers shore power systems under its Smart Infrastructure Business segment.

Schneider Electric (France): Schneider Electric designs, engineers, manufactures, and provides electrical equipment for several industries. The company focuses on offering access to energy and digitalization by providing energy and automation digital solutions for efficiency and sustainability. Schneider Electric has a vast product portfolio consisting of products such as relays, switchgears, transformers, motor control, marine electrical equipment, related software, and more. It caters to the needs of numerous industries, including marine, automotive, healthcare, oil & gas, information, and more. Schneider Electric also offers consulting services for all the industries. The company operates its business through 2 segments, namely, Energy Management and Industrial Automation. Shore Power Systems are offered by the company under its Energy Management business segment.

Cavotec (Switzerland): Cavotec is one of the major engineering companies that emphasizes on designing and manufacturing automated connection and electrification systems for ports, airports, vehicle charging, and industrial applications. The company offers various systems, including shore power, automated mooring, automated plug-in systems, and crane electrification for catering to the needs of the industrial sector, such as ports & maritime, airports, mining, and oil & gas. The company offers shore power solutions, such as motorized reels, radio remote control, and cables. The company operates through 2 business segments, namely, Airports & Industry and Ports & Maritime. Cavotec offers shipside and shoreside shore power systems through its Ports & Maritime segment.

Wartsila (Finland): Wδrtsilδ is among the global leaders that focuses on providing complete lifecycle products and solutions for the marine & energy markets. The company offers various products for marine applications to the merchant navy, cruise, ferry, fishing, offshore, special vessels, tugs, and yachts. Wartsila operates its business through 2 segments, namely, Energy Solutions and Marine Solutions. The company provides shore power solutions through its Marine Solutions business segment. Under this business segment, the company also serves the marine and oil & gas industries, covering traditional merchant vessels; gas carriers; cruise and ferry; navy; special vessels; offshore installations and vessels; and land-based gas installations.

Vinci Energies (France): VINCI Energies manufactures, deploys, operates, and optimizes products and services for transport, energy, and infrastructure industries. The company offers specialized products and services for operations related to electrical energy, climatic and thermal engineering, mechanics, information and communication technologies, and facility management. It operates its business through 3 segments, namely, Contracting, Concessions, and Property. The company provides shore power under the Contracting business segment.

Danfoss (Denmark): Danfoss is one of the major designing and manufacturing companies focusing on providing energy-efficient products and solutions for diverse industries, such as automotive, marine, infrastructure, energy, and water and wastewater. The company operates through 4 business segments, namely, Danfoss Power, Danfoss Heating, Danfoss Cooling, and Danfoss Drives. The company offers shore power components under its Danfoss Power Solutions, and Danfoss Drives business segments.

ABB (Hitachi) (Switzerland): ABB is one of the major companies offering technology-oriented innovative products and services to various industries. Its products and services are used for supporting electrified operations and enhancing them digitally. ABB offers its products for industries such as ports, power distribution, power generation, industrial automation, life sciences, marine, oil and gas, and power transmission. The company operates its business through 4 segments, namely, Electrification, Industrial Automation, Robotics & Discrete Automation, and Motion. It also had a separate business segment, namely, Power Grids, which was sold off to Hitachi in 2018. The acquisition by Hitachi is expected to be closed by the first half of 2020. The company offered shore-to-ship power and smart ports solutions through its Power Grids business segment.

ESL Power Systems (US): ESL Power Systems designs and manufactures shipside and shoreside electrical equipment and offers related electrical solutions. The company emphasizes on providing safety-interlocked power solutions for cord-connected devices along with custom control panels. It offers a range of products majorly for the shipping industry, which include shore power, shipyard power, emergency power, wayside power, industrial/portable, entertainment power, ERTG disconnect, truck trailer shore power, and custom solutions. It provides shore power under its ship-to-shore power product line-up.

IGUS (Germany): Igus manufactures and distributes machine components and custom engineering products. The company offers various products, such as energy supply systems and cables, shore power systems, plain bearings, electric linear axes, and polymer slewing ring bearing. The company’s products, solutions, and services mainly cater to the needs of automotive manufacturing, food & beverages packaging, aerospace laboratory equipment, and offshore and marine equipment industries.

Blueday Technology (Norway): Blueday Technology develops and designs complete power generation systems and solutions for the offshore rig, shipping, and marine markets. The company various offers products and systems, such as power management, energy management, emission monitoring, and vessel management, port management. It offers solutions to cater to the needs of power generation, energy storage system (ESS), hybrid grid, charger, and shore power operations. Blueday Technology offers shore power systems under its brand name BlueEco Shore Power.

Shore Power Market by Connection

New Installations: Under construction or yet to be commissioned ports and ships across the world are installing shore power systems beforehand. Ports and shipping authorities are doing so because of the stringent environmental regulations imposed by governments all over the world. Multiple countries have ruled out operational plans to ensure proper implementation of the regulations. The key advantages of installing shore power systems at ports during construction include integrated planning and execution and minimizing installation cost.

Shore Power Market by Installation:

Retrofit: The phenomenon of shore power aims at reducing pollution caused by the auxiliary requirement of electricity, essentially eliminating carbon emissions. For this, a shore power system takes power from the local grid or a similar arrangement and transfers it to the ship after adjusting various parameters according to the requirement. These parameters are usually voltage and frequency controlled by means of transformers and frequency converters, respectively.

Shipside: Regions such as Europe, Asia Pacific, and North America witness a large number of cargo and LNG ships, along with cruise liner operations. This creates a huge requirement for shoreside power systems for reducing carbon emission levels during docking of these ships for berthing in the regions mentioned above, thereby creating the need for the shoreside installation of shore power systems at present, as well as in the near future.

Shore Power Market by Component

Transformers: In a typical shore power system, transformers are installed at both the places shoreside and shipside. Repeated stepping up and down of voltage is done to ensure economic installation and minimized losses while transferring power. Thus, transformers are one of the major components installed in a shore power system. In addition, for safety reasons, transformers used on the input side of the shoreside unit is generally of polarization type, and the transformer used on the output side is an isolation transformer. Since the transformer is a major component, market players such as Schneider Electric, Siemens, Wartsila offer shore power systems inbuilt with transformers.

Switchgear Devices: Switchgear is the electrical equipment used for controlling the transmission of electricity within a system. Switchgear devices also protect other components of the shore power systems such as control panels, transformers, frequency controllers, along with various associated equipment. Switchgear is essentially composed of electrical switches and fuses or circuit breakers to isolate the electrical equipment ahead of it in case of over or under-voltage/current scenarios. Since shore power systems are integrated with multiple heavy-duty and high-cost electrical equipment, the utilization of switchgear devices ensures their safety and reliable operations.

Frequency Converters: Many countries across the world operate their electrical systems at a frequency of 50 Hz. However, only a few countries including the US, Canada, Mexico, South Korea, and Brazil operate their power systems at 60 Hz. Likewise, in the shipping industry, some ships deploy 50 Hz electrical systems, while others deploy 60 Hz electrical systems, primarily according to their country of origin. Frequency converters are used to extract the desired output by matching the frequency of the shoreside shore power system with that of the shipside shore power system, which is highly essential.

Cables and Accessories: Wires and cables are an integral part of any electrical system. Likewise, in the shore power unit, cables and associated accessories play an important role in establishing a proper connection between 2 points, ensuring the effective transmission of current. Accessories could be clamps, metal terminals, and others that support a perfect installation of cables on to the desired places, such as battery terminals and transformer poles.

Others: Other components, including safety grounding equipment, electrical vaults, power and communications receptacles, and plugs. Saltwater and electricity do not work well with each other as their combination can deliver deadly shocks or lead to short circuits.

[169 Pages Report] The global shore power market is projected to reach USD 1.4 billion by 2025 from USD 1.1 billion in 2020, at a CAGR of 6.7%. The factors driving the growth for shore power include growing focus governments across the world on reducing air and noise pollution caused due to port activities and increasing sea trade and cruise-based tourism.

Reactive Diluents Market - Attractive Opportunities

Shoreside installation segment is expected to be largest market during forecast period

The market has been segmented, by installation, into shoreside and shipside installations. The shoreside installation is expected to be the most significant segment of the shore power market during the forecast period. This dominance can be attributed to the high cost of installation owing to the requirement for additional electrical components on the shoreside. The additional components enable to make the shoreside shore power systems more flexible to meet the power requirements of different types of vessels.

New installation is expected to be largest segment in shore power market, by connection during forecast period

The shore power market, by connection, has been segmented into new installations and retrofit. New installation is expected to be the largest segment in the shore power market during the forecast period. This prime reason behind this growth is the low cost of installation and the increase in the number of stringent environmental norms by countries worldwide. Under-construction ports and yet to be commissioned vessels are being implemented with shore power systems beforehand according to the requirement. New installations capture the market for both shipside and shoreside installations at the same time.

Frequency converters are expected to hold largest share of shore power market, by component, during forecast period

The market has been segmented, by component, into transformers, switchgear devices, frequency converters, cables and accessories, and others, including safety grounding equipment and plugs. Frequency converters are required for making the shoreside shore power system capable of supplying electrical frequency matching the vessel’s operating frequency.

Reactive Diluents Market By Region

Asia Pacific is expected to be fastest-growing shore power  market during forecast period

In this report, the shore power market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is the fastest-growing shore power market, followed by North America and Europe. I Asia Pacific is likely to witness the maximum adoption and implementation of shore power systems owing to the growing focus of multiple countries on the reduction of pollution caused from port activities. Also, these countries have the presence of several large-sized ports that are among the busiest ports across the world. Major countries in this region include China, Japan, Australia, South Korea, India, Singapore, and Rest of Asia Pacific. Rest of Asia Pacific consists of  the Philippines, Malaysia, Taiwan, and Thailand. With the presence of countries including China,Japan, and South Korea, having major manufacturing industries, the Asia Pacific region experiences a lot of vessel movement throughout the year.

Key Market Players

Major players in the global shore power market include Siemens (Germany), Schneider Electric (France), Cavotec (Switzerland), Wartsila (Finland), Vinci Energies (France), and ESL Power (US). Other players in the market include Preen (Taiwan), IGUS (Germany), Blueday Technology (Norway), Cochran Marine (US), SmartPlug (US), Power Systems International (UK), and Piller Power Systems (Germany).

Schneider Electric designs, engineers, manufactures, and provides electrical equipment for several industries. The company focuses on offering access to energy and digitalization by providing energy and automation digital solutions for efficiency and sustainability. Schneider Electric has a vast product portfolio consisting of products such as relays, switchgear devices, transformers, motor control equipment, marine electrical equipment, related software, and more. It caters to the needs of numerous industries, including marine, automotive, healthcare, oil & gas, information, and more. Shore power systems are offered by the company under its Energy Management business segment.

Siemens is a major engineering and manufacturing company, focusing on the areas of electrification, automation, and digitalization. The company provides innovative digitalization products and solutions for optimized operations in multiple industries. It caters to the needs of various industries, such as infrastructure, energy, medical, and finance. The company offers shore power systems under its Smart Infrastructure Business segment.

Scope of the Report

Report Metric

Details

Market size available for years

2018–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Installation, Connection, Component, Power Output, and region

Geographies covered

North America, South America, Europe, Asia Pacific, and Middle East & Africa

Companies covered

Siemens (Germany), Schneider Electric (France), Cavotec (Switzerland), Wartsila (Finland), Vinci Energies (France), and ESL Power (US)

This research report categorizes the shore power market by installation, connection, component, power output, and region.

By Installation:

  • Shoreside
  • Shipside

By Connection:

  • New Installation
  • Retrofit

By Component:

  • Transformers
  • Switchgear Devices
  • Frequency Converters
  • Cables and Accessories
  • Others

By Power Output:

  • Up to 30 MVA
  • 30 to 60 MVA
  • Above 60 MVA

By Region:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Recent Developments

  • In April 2020, Blueday Technology and Sandnes port authorities signed an agreement wherein Blueday Technologies would be delivering complete shore power solutions to the latter. The contract focused on reducing the emissions of greenhouse gases from the port.
  • In February 2020, Siemens and Port of Kiel signed an agreement related to shore power installation. Under the contract, Siemens was supposed to install Germany's largest shore power outlet rated 16MVA to charge two ships simultaneouslyto . The installation would have helped reduce annual CO2 emissions by more than 8,000 tons.
  • In October 2019, ABB and Port of Tallinn signed a contract to install the shore power systems on the port of Tallinn. Under the contract, ABB was supposed to provide its shore power systems on five of its piers in the Old City Harbour as part of the first shore power project in Estonia. The project aimed at supplying the vessels that visit the port with shore electricity reducing emissions and noise created by the ships' engines.

Key Questions Addressed by the Report

  • Which revolutionary technology trends are expected over the next 5 years?
  • Which elements of the shore power market are expected to lead by 2025?
  • Which technology of shore power is likely to get the maximum opportunity to grow during the forecast period?
  • Which region is expected to lead with the highest market share by 2025?
  • How are companies implementing organic and inorganic strategies to gain an increase in the market share?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 19)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 SHORE POWER MARKET, BY INSTALLATION TYPE: INCLUSIONS & EXCLUSIONS
           1.2.2 SHORE POWER MARKET, BY CONNECTION: INCLUSIONS & EXCLUSIONS
           1.2.3 SHORE POWER MARKET, BY COMPONENT: INCLUSIONS & EXCLUSIONS
           1.2.4 SHORE POWER MARKET, BY POWER OUTPUT: INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 24)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Break-up of primaries
    2.2 SCOPE
    2.3 MARKET SIZE ESTIMATION
           2.3.1 DEMAND-SIDE ANALYSIS
                    2.3.1.1 Key assumptions
                    2.3.1.2 Calculation
           2.3.2 FORECAST
           2.3.3 SUPPLY-SIDE ANALYSIS
                    2.3.3.1 Assumptions and calculation

3 EXECUTIVE SUMMARY (Page No. - 33)

4 PREMIUM INSIGHTS (Page No. - 39)
    4.1 ATTRACTIVE OPPORTUNITIES IN SHORE POWER MARKET
    4.2 SHORE POWER MARKET, BY REGION
    4.3 SHORE POWER MARKET, BY INSTALLATION TYPE
    4.4 SHORE POWER MARKET, BY CONNECTION
    4.5 NORTH AMERICAN SHORE POWER MARKET,  BY INSTALLATION TYPE AND COUNTRY, 2019
    4.6 SHORE POWER MARKET, BY COMPONENT

5 MARKET OVERVIEW (Page No. - 42)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
    5.3 MARKET DYNAMICS
           5.3.1 DRIVERS
                    5.3.1.1 Growing noise and air pollution from port operations
                    5.3.1.2 Increasing number of cruise passengers
                    5.3.1.3 Rising government initiatives to reduce greenhouse gas emissions from ports and supportive shore power regulations
           5.3.2 RESTRAINTS
                    5.3.2.1 High CAPEX investments
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Retrofitting older ships and ports with shore power technology
                    5.3.3.2 Integrating shore power with offshore wind, floating solar, and other renewables
           5.3.4 CHALLENGES
                    5.3.4.1 Low fuel costs and minimal returns
                    5.3.4.2 Operational difficulties and technical challenges
    5.4 IMPACT OF COVID-19
           5.4.1 IMPACT ON SHIPPING INDUSTRY
    5.5 TECHNOLOGY ANALYSIS
           5.5.1 WIRELESS SHORE POWER
    5.6 VALUE CHAIN ANALYSIS
           5.6.1 SHORE POWER MANUFACTURERS AND PROVIDERS
           5.6.2 PORT AUTHORITIES
           5.6.3 SHIPPING INDUSTRY
           5.6.4 GOVERNMENT REGULATIONS

6 COVID-19 IMPACT ON SHORE POWER MARKET,  SCENARIO ANALYSIS, BY REGION (Page No. - 52)
    6.1 INTRODUCTION
    6.2 IMPACT OF COVID-19 ON GDP
           6.2.1 SCENARIO ANALYSIS OF CARGO SHIPPING AND CRUISE LINER INDUSTRY
           6.2.2 OPTIMISTIC SCENARIO
           6.2.3 REALISTIC SCENARIO
           6.2.4 PESSIMISTIC SCENARIO

7 SHORE POWER MARKET, BY INSTALLATION TYPE (Page No. - 56)
    7.1 INTRODUCTION
    7.2 SHORESIDE
           7.2.1 EMPHASIS ON CURBING CARBON EMISSIONS CREATING REQUIREMENT FOR SHORESIDE INSTALLATIONS
    7.3 SHIPSIDE
           7.3.1 LOW COST OF DEPLOYMENT AND SEAMLESS INTEGRATION OF PORT OPERATIONS BOOSTING MARKET FOR SHIPSIDE INSTALLATIONS

8 SHORE POWER MARKET, BY CONNECTION (Page No. - 61)
    8.1 INTRODUCTION
    8.2 NEW INSTALLATION
           8.2.1 STRINGENT GOVERNMENT REGULATIONS AND LOW INSTALLATION COST FOSTER MARKET FOR NEW INSTALLATIONS
    8.3 RETROFIT
           8.3.1 INCREASED NEED TO MINIMIZE CARBON EMISSIONS AND NOISE LEVELS FROM OLD SHIPS ENCOURAGES ADOPTION OF RETROFIT SOLUTIONS

9 SHORE POWER MARKET, BY COMPONENT (Page No. - 65)
    9.1 INTRODUCTION
    9.2 TRANSFORMERS
           9.2.1 GROWING TRANSFORMER REQUIREMENT FOR SMOOTH OPERATION OF SHORE POWER SYSTEMS
    9.3 SWITCHGEAR DEVICES
           9.3.1 RISING NEED FOR SWITCHGEAR DEVICES TO ENSURE RELIABLE AND SAFE SHORE POWER OPERATIONS
    9.4 FREQUENCY CONVERTERS
           9.4.1 SURGING DEMAND FOR FREQUENCY CONVERTERS TO MATCH SHIPSIDE AND SHORESIDE FREQUENCIES
    9.5 CABLES AND ACCESSORIES
           9.5.1 GROWING NECESSITY FOR CABLES AND SUPPORTING ACCESSORIES FOR PROPER TRANSMISSION OF POWER
    9.6 OTHERS

10 SHORE POWER MARKET, BY POWER OUTPUT (Page No. - 72)
     10.1 INTRODUCTION
     10.2 UP TO 30 MVA
             10.2.1 REQUIREMENT FOR LOW CAPEX, COUPLED WITH THEIR COMPACT DIMENSIONS, BOOSTING DEMAND FOR SHORE POWER SYSTEMS HAVING POWER RANGE OF UP TO 30 MVA
     10.3 30 TO 60 MVA
             10.3.1 FOCUS OF SHIPBUILDERS TO CONSTRUCT LARGE AND EXTRA LARGE SHIPS TO DRIVE DEMAND FOR SHORE POWER SYSTEMS WITH POWER OUTPUT RANGING FROM 30 TO 60 MVA
     10.4 ABOVE 60 MVA
             10.4.1 ABILITY TO SUPPLY MULTIPLE SHIPS PARALLELLY TO PROPEL GROWTH OF MARKET FOR SHORE POWER SYSTEMS HAVING POWER OUTPUT OF ABOVE 60 MVA

11 SHORE POWER MARKET, BY REGION (Page No. - 76)
     11.1 INTRODUCTION
     11.2 NORTH AMERICA
             11.2.1 IMPACT OF COVID-19 ON NORTH AMERICAN SHORE POWER MARKET:
             11.2.2 US
                       11.2.2.1 Growing shipping industry with increasing tourism and trade to boost demand for shore power systems
             11.2.3 CANADA
                       11.2.3.1 Increasing investments in oil & gas projects to promote shore power setup at ports
     11.3 SOUTH AMERICA
             11.3.1 IMPACT OF COVID-19 ON SOUTH AMERICAN SHORE POWER MARKET:
             11.3.2 BRAZIL
                       11.3.2.1 Growing oil export activities in Brazil to create need for shore power systems
             11.3.3 ARGENTINA
                       11.3.3.1 Increasing trading of mined minerals to be beneficial for shore power market in future
             11.3.4 REST OF SOUTH AMERICA
     11.4 MIDDLE EAST & AFRICA
             11.4.1 IMPACT OF COVID-19 ON MIDDLE EASTERN & AFRICAN SHORE POWER MARKET:
             11.4.2 UAE
                       11.4.2.1 Increasing oil trading and tourism activities to generate need for shore power
             11.4.3 SAUDI ARABIA
                       11.4.3.1 Increasing trading activities of oil and natural gas to create favorable conditions for shore power market
             11.4.4 EGYPT
                       11.4.4.1 Rising focus on implementing shore power systems on multiple ports to foster market growth
             11.4.5 SOUTH AFRICA
                       11.4.5.1 Growing trading-related activities of oil and natural gas to encourage utilization of shore power technique on ports
             11.4.6 REST OF MIDDLE EAST & AFRICA
     11.5 EUROPE
             11.5.1 IMPACT OF COVID-19 ON EUROPEAN SHORE POWER MARKET:
             11.5.2 SWEDEN
                       11.5.2.1 Surging requirement for importing goods and growing cruise ship tourism to propel shore power market growth
             11.5.3 GERMANY
                       11.5.3.1 Rapidly growing maritime and shipping industries to accelerate demand for shore power systems
             11.5.4 UK
                       11.5.4.1 Thriving shipping industry in country to fuel installation of shore power systems
             11.5.5 RUSSIA
                       11.5.5.1 Increasing sea-bound trade to boost shore power demand
             11.5.6 NETHERLANDS
                       11.5.6.1 Enhancing maritime industry in country stimulating need for shore power to minimize pollution
             11.5.7 NORWAY
                       11.5.7.1 Rising focus on deployment of new technologies such as shore power to reduce carbon footprint
             11.5.8 REST OF EUROPE
     11.6 ASIA PACIFIC
             11.6.1 IMPACT OF COVID-19 ON SHORE POWER MARKET IN ASIA PACIFIC:
             11.6.2 CHINA
                       11.6.2.1 Increased vessel movement with growing trading activities to propel growth of shore power market
             11.6.3 JAPAN
                       11.6.3.1 High emphasis on reducing carbon emissions, coupled with expanding trading activities, to spur shore power demand
             11.6.4 SOUTH KOREA
                       11.6.4.1 Rapid growth of shipbuilding industry requires country to be well equipped with shore power systems
             11.6.5 INDIA
                       11.6.5.1 High government focus to make country cleaner and greener, along with thriving maritime industry, to support adoption of shore power technology
             11.6.6 AUSTRALIA
                       11.6.6.1 Trading of fuels and growing shipbuilding industry to create opportunities for providers of shore power systems
             11.6.7 SINGAPORE
                       11.6.7.1 High emphasis of government on utilization of green solutions to reduce carbon emissions likely to encourage implementation of shore power solutions
             11.6.8 REST OF ASIA PACIFIC

12 COMPETITIVE LANDSCAPE (Page No. - 124)
     12.1 OVERVIEW
     12.2 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET)
             12.2.1 STAR
             12.2.2 EMERGING LEADERS
             12.2.3 PERVASIVE
             12.2.4 OTHER PLAYERS
     12.3 MARKET SHARE, 2019
     12.4 REVENUE ANALYSIS OF TOP 5 PLAYERS
     12.5 COMPETITIVE SCENARIO
             12.5.1 CONTRACTS & AGREEMENTS
             12.5.2 PARTNERSHIPS & COLLABORATIONS
             12.5.3 INVESTMENTS & EXPANSIONS
             12.5.4 PRODUCT LAUNCHES
             12.5.5 MERGERS & ACQUISITIONS

13 COMPANY PROFILES (Page No. - 130)
     13.1 SIEMENS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MNM View)*
     13.2 SCHNEIDER ELECTRIC
     13.3 CAVOTEC
     13.4 WARTSILA
     13.5 VINCI ENERGIES
     13.6 DANFOSS
     13.7 ABB (HITACHI)
     13.8 ESL POWER SYSTEMS
     13.9 IGUS
     13.10 BLUEDAY TECHNOLOGY
     13.11 COCHRAN MARINE
     13.12 PREEN
     13.13 SMARTPLUG
     13.14 PILLER POWER SYSTEMS
     13.15 POWER SYSTEMS INTERNATIONAL
     13.16 RATIO ELECTRIC
     13.17 SYDNEY MARINE ELECTRICAL
     13.18 OCEAN ELECTRICS
     13.19 CONNTEK INTEGRATED SOLUTIONS
     13.20 PATTON AND COOKE

*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MNM View might not be captured in case of unlisted companies.

14 APPENDIX (Page No. - 162)
     14.1 INSIGHTS OF INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     14.4 AVAILABLE CUSTOMIZATIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS


LIST OF TABLES (128 Tables)

TABLE 1 SHORE POWER MARKET SNAPSHOT
TABLE 2 US: OPERATING AUXILIARY ENGINE VS. SHORE POWER
TABLE 3 GDP ANALYSIS (IN PERCENTAGE)
TABLE 4 OPTIMISTIC SCENARIO: SHORE POWER MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 5 REALISTIC SCENARIO: SHORE POWER MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 6 PESSIMISTIC SCENARIO: SHORE POWER MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 7 SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 8 SHORE POWER MARKET FOR SHORESIDE INSTALLATION, BY REGION, 2018–2025 (USD MILLION)
TABLE 9 SHORE POWER MARKET FOR SHIPSIDE INSTALLATION, BY REGION, 2018–2025 (USD MILLION)
TABLE 10 SHORE POWER MARKET FOR SHIPSIDE, BY VESSEL TYPE, 2018–2025 (USD MILLION)
TABLE 11 SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 12 SHORE POWER MARKET FOR NEW INSTALLATION, BY REGION, 2018–2025 (USD MILLION)
TABLE 13 NEW INSTALLATION: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 14 SHORE POWER MARKET FOR RETROFIT, BY REGION, 2018–2025 (USD MILLION)
TABLE 15 RETROFIT: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 16 SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 17 SHORE POWER MARKET FOR TRANSFORMERS, BY REGION, 2018–2025 (USD MILLION)
TABLE 18 SHORE POWER MARKET FOR SWITCHGEAR DEVICES, BY REGION, 2018–2025 (USD MILLION)
TABLE 19 SHORE POWER MARKET FOR FREQUENCY CONVERTERS, BY REGION, 2018–2025 (USD MILLION)
TABLE 20 SHORE POWER MARKET FOR CABLES AND ACCESSORIES, BY REGION, 2018–2025 (USD MILLION)
TABLE 21 SHORE POWER MARKET FOR OTHERS, BY REGION, 2018–2025 (USD MILLION)
TABLE 22 SHORE POWER MARKET, BY POWER OUTPUT, 2018–2025 (USD MILLION)
TABLE 23 UP TO 30 MVA SHORE POWER MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 24 30 TO 60 MVA SHORE POWER MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 25 ABOVE 60 MVA SHORE POWER MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 26 SHORE POWER MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 27 NORTH AMERICA: SHORE POWER MARKET SCENARIO ANALYSIS, 2018–2025 (USD MILLION)
TABLE 28 NORTH AMERICA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 29 NORTH AMERICA: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 30 NORTH AMERICA: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 31 NORTH AMERICA: SHORE POWER MARKET, BY POWER OUTPUT, 2018–2025 (USD MILLION)
TABLE 32 NORTH AMERICA: SHORE POWER MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 33 US: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 34 US: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 35 US: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 36 CANADA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 37 CANADA: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 38 CANADA: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 39 SOUTH AMERICA: SHORE POWER MARKET SCENARIO ANALYSIS, 2018–2025 (USD MILLION)
TABLE 40 SOUTH AMERICA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 41 SOUTH AMERICA: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 42 SOUTH AMERICA: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 43 SOUTH AMERICA: SHORE POWER MARKET, BY POWER OUTPUT, 2018–2025 (USD MILLION)
TABLE 44 SOUTH AMERICA: SHORE POWER MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 45 BRAZIL: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 46 BRAZIL: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 47 BRAZIL: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 48 ARGENTINA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 49 ARGENTINA: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 50 ARGENTINA: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 51 REST OF SOUTH AMERICA: SHORE POWER MARKET, BY INSTALLATION TYPE,  2018–2025 (USD MILLION)
TABLE 52 REST OF SOUTH AMERICA: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 53 REST OF SOUTH AMERICA: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 54 MIDDLE EAST & AFRICA: SHORE POWER MARKET SCENARIO ANALYSIS, 2018–2025 (USD MILLION)
TABLE 55 MIDDLE EAST & AFRICA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 56 MIDDLE EAST & AFRICA: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 57 MIDDLE EAST & AFRICA: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 58 MIDDLE EAST & AFRICA: SHORE POWER MARKET, BY POWER OUTPUT, 2018–2025 (USD MILLION)
TABLE 59 MIDDLE EAST & AFRICA: SHORE POWER MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 60 UAE: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 61 UAE: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 62 UAE: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 63 SAUDI ARABIA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 64 SAUDI ARABIA: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 65 SAUDI ARABIA: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 66 EGYPT: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 67 EGYPT: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 68 EGYPT: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 69 SOUTH AFRICA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 70 SOUTH AFRICA: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 71 SOUTH AFRICA: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 72 REST OF MIDDLE EAST & AFRICA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 73 REST OF MIDDLE EAST & AFRICA: SHORE POWER MARKET, BY CONNECTION,  2018–2025 (USD MILLION)
TABLE 74 REST OF MIDDLE EAST & AFRICA: SHORE POWER MARKET, BY COMPONENT,  2018–2025 (USD MILLION)
TABLE 75 EUROPE: SHORE POWER MARKET SCENARIO ANALYSIS, 2018–2025 (USD MILLION)
TABLE 76 EUROPE: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 77 EUROPE: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 78 EUROPE: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 79 EUROPE: SHORE POWER MARKET, BY POWER OUTPUT, 2018–2025 (USD MILLION)
TABLE 80 EUROPE: SHORE POWER MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 81 SWEDEN: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 82 SWEDEN: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 83 SWEDEN: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 84 GERMANY: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 85 GERMANY: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 86 GERMANY: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 87 UK: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 88 UK: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 89 UK: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 90 RUSSIA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 91 RUSSIA: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 92 RUSSIA: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 93 NETHERLANDS: SHORE POWER MARKET, BY INSTALLATION TYPE,  2018–2025 (USD MILLION)
TABLE 94 NETHERLANDS: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 95 NETHERLANDS: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 96 NORWAY: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 97 NORWAY: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 98 NORWAY: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 99 REST OF EUROPE: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 100 REST OF EUROPE: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 101 REST OF EUROPE: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 102 ASIA PACIFIC: SHORE POWER MARKET SCENARIO ANALYSIS, 2018–2025 (USD MILLION)
TABLE 103 ASIA PACIFIC: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 104 ASIA PACIFIC: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 105 ASIA PACIFIC: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 106 ASIA PACIFIC: SHORE POWER MARKET, BY POWER OUTPUT, 2018–2025 (USD MILLION)
TABLE 107 ASIA PACIFIC: SHORE POWER MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 108 CHINA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 109 CHINA: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 110 CHINA: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 111 JAPAN: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 112 JAPAN: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 113 JAPAN: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 114 SOUTH KOREA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 115 SOUTH KOREA: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 116 SOUTH KOREA: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 117 INDIA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 118 INDIA: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 119 INDIA: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 120 AUSTRALIA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 121 AUSTRALIA: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 122 AUSTRALIA: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 123 SINGAPORE: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 124 SINGAPORE: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 125 SINGAPORE: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 126 REST OF ASIA PACIFIC: SHORE POWER MARKET, BY INSTALLATION TYPE, 2018–2025 (USD MILLION)
TABLE 127 REST OF ASIA PACIFIC: SHORE POWER MARKET, BY CONNECTION, 2018–2025 (USD MILLION)
TABLE 128 REST OF ASIA PACIFIC: SHORE POWER MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
 
 
LIST OF FIGURES (41 Figures)
 
FIGURE 1 SHORE POWER MARKET: RESEARCH DESIGN
FIGURE 2 MAIN METRICS CONSIDERED WHILE CONSTRUCTING AND ASSESSING  DEMAND FOR SHORE POWER MARKET
FIGURE 3 YEAR-OVER-YEAR ADDITION OF SHORE POWER SYSTEMS ACROSS GLOBAL PORTS AND SHIPS IS KEY DETERMINING FACTOR FOR GLOBAL SHORE POWER MARKET
FIGURE 4 YEAR-ON-YEAR REVENUE FROM SHORE POWER INSTALLATIONS BY MAJOR PLAYERS
FIGURE 5 MARKET SHARE ANALYSIS, 2019
FIGURE 6 SCENARIO ANALYSIS: SHORE POWER MARKET, 2018–2025
FIGURE 7 SCENARIO ANALYSIS IMPACT: SHORE POWER MARKET,  2018–2025
FIGURE 8 NORTH AMERICA DOMINATED SHORE POWER MARKET IN 2019
FIGURE 9 SHORESIDE SEGMENT TO HOLD LARGEST SHARE OF SHORE POWER MARKET, BY INSTALLATION, DURING FORECAST PERIOD
FIGURE 10 NEW INSTALLATION SEGMENT TO CONTINUE TO LEAD SHORE POWER MARKET, BY CONNECTION, DURING FORECAST PERIOD
FIGURE 11 FREQUENCY CONVERTERS TO LEAD SHORE POWER MARKET, BY COMPONENT, DURING FORECAST PERIOD
FIGURE 12 UP TO 30 MVA SEGMENT TO DOMINATE SHORE POWER MARKET, BY POWER OUTPUT, DURING FORECAST PERIOD
FIGURE 13 NEED FOR REDUCTION IN CARBON EMISSIONS CAUSED BY SHIPPING OPERATIONS WOULD PROPEL SHORE POWER MARKET GROWTH DURING  2020–2025
FIGURE 14 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN GLOBAL SHORE POWER MARKET DURING FORECAST PERIOD
FIGURE 15 SHORESIDE SHORE POWER SYSTEMS DOMINATED MARKET IN 2019
FIGURE 16 NEW INSTALLATION SEGMENT HELD LARGER SIZE OF SHORE POWER MARKET IN 2019
FIGURE 17 SHORESIDE INSTALLATION CAPTURED LARGER SHARE OF NORTH AMERICAN SHORE POWER MARKET IN 2019
FIGURE 18 FREQUENCY CONVERTERS RECORDED LARGEST SHARE OF SHORE POWER MARKET IN 2019
FIGURE 19 COVID-19: GLOBAL PROPAGATION
FIGURE 20 SHORE POWER: MARKET DYNAMICS
FIGURE 21 GLOBAL: INCREASING PASSENGER CAPACITY OF CRUISE INDUSTRY
FIGURE 22 VALUE CHAIN MODEL FOR GLOBAL SHORE POWER MARKET:
FIGURE 23 SHIPSIDE INSTALLATION HELD LARGEST SHARE OF SHORE POWER MARKET IN 2019
FIGURE 24 NEW INSTALLATION SEGMENT HELD LARGER SHARE OF SHORE POWER MARKET IN 2019
FIGURE 25 FREQUENCY CONVERTERS CAPTURED LARGEST SHARE OF SHORE POWER MARKET IN 2019
FIGURE 26 SHORE POWER SYSTEMS WITH POWER OUTPUT OF UP TO 30 MVA ACCOUNTED FOR LARGEST MARKET SHARE IN 2019
FIGURE 27 REGIONAL SNAPSHOT: MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 28 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF SHORE POWER MARKET IN 2019
FIGURE 29 NORTH AMERICA: REGIONAL SNAPSHOT , 2019
FIGURE 30 EUROPE: REGIONAL SNAPSHOT, 2019
FIGURE 31 KEY DEVELOPMENTS IN SHORE POWER MARKET, JANUARY 2016– APRIL 2020
FIGURE 32 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET)
FIGURE 33 SCHNEIDER ELECTRIC LED SHORE POWER MARKET IN 2019
FIGURE 34 SCHNEIDER ELECTRIC LED SHORE POWER MARKET IN 2019
FIGURE 35 SIEMENS: COMPANY SNAPSHOT
FIGURE 36 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
FIGURE 37 CAVOTEC: COMPANY SNAPSHOT
FIGURE 38 WARTSILA: COMPANY SNAPSHOT
FIGURE 39 VINCI ENERGIES: COMPANY SNAPSHOT
FIGURE 40 DANFOSS: COMPANY SNAPSHOT
FIGURE 41 ABB: COMPANY SNAPSHOT

This study involved four major activities in estimating the current size of the shore power market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. The market breakdown and data triangulation techniques were employed to estimate the market size of the segments and the corresponding subsegments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases such as UNCTAD data, US EPA, industry publications, several newspaper articles, Factiva, and journals to identify and collect information useful for a technical, market-oriented, and commercial study of the shore power market. The other secondary sources included annual reports, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The shore power market comprises several stakeholders such as shipping companies, organizations, forums, alliances, and associations related to shore power, port authorities, power transmission grid authorities, renewable energy consulting companies, shore power manufacturing companies.

The supply side is characterized by the increasing adoption of new product launches/new projects, partnerships and collaborations, and joint ventures among leading players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Shore Power Market - Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global shore power market and its dependent submarkets. These methods were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and demand have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares split, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above - the market was split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the shore power market.

Report Objectives

  • To define, describe, and forecast the global shore power market based on installation, connection, component, power output, and region
  • To provide detailed information regarding the major factors influencing the growth of the shore power market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the shore power market with respect to individual growth trends, prospects, and contributions of each segment to the market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
  • To benchmark players within the market using the proprietary Vendor DIVE framework, which analyzes the market players on various parameters within the broad categories of business and product strategies
  • To analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the shore power market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Product Analysis

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players
COVID-19

Get in-depth analysis of the COVID-19 impact on the Shore Power Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Shore Power Market

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Jun, 2020
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