Shore Power Market

Shore Power Market by Installation (Shoreside, Shipside), 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 2027

Report Code: EP 7257 Apr, 2022, by marketsandmarkets.com

[247 Pages Report] The shore power market is expected to grow from an estimated USD 1.6 billion in 2022 to USD 2.8 billion by 2027, at a CAGR of 11.2% during the forecast period. The increasing demand for reducing carbon emissions and noise pollution is expected to fuel the demand for shore power during the forecast period.

Shore Power Market

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Shore power market Dynamics

Driver: Growing noise and air pollution from port operations

Although anchored ships do not need driving power, an uninterrupted electrical power supply is essential for various operations, which is generated by auxiliary diesel engines and electrical generators. The operation of these diesel-based generators leads to air and noise pollution, which can be hazardous for the workers and people living nearby ports. The intake of this polluted air by humans can cause lung damage and other problems. The use of shore power systems on ports helps authorities reduce air and noise pollution and distress to the surrounding environment.

According to the International Chamber of Shipping, 90% of the world trade is carried out by marine vessels, which use fossil fuels for power generation. The burning of fossil fuels leads to CO2 emissions, contributing to global climate change and acidification. Besides CO2, port operations also emit other pollutants such as SOx and NOx, adversely impacting the environment. The implementation of shore power systems helps in effectively limiting air and sound pollution and ultimately reduces their negative impacts.

Restraints: Requirement of high capital expenditure 

The installation of new or retrofit shore power solutions at the existing and upcoming ships and ports requires electrical infrastructure development. Though this infrastructure enhancement is expected to limit carbon emissions considerably, the installation is a capital-intensive task. For instance, the total cost of the Holland America Line shore power project at the Port of Seattle was USD 4.8 million. On average, the cost of a transformer (0.5 to 2 MW) for a new shore power system goes as high as USD 75,000, taking the whole cost of the installation to nearly USD 0.5–2 million (shipside). Likewise, the shoreside installation cost ranges from USD 5 million to USD 20 million. At the same time, the cost of a retrofitting shore power system can go up to USD 25 million, depending on the type of system and the level of change.

Installation of shore power equipment requires proper integration of various shore power components, such as switchgear devices, frequency converters, transformers, and cables and accessories. This integration of components requires a skilled workforce as it involves a connection to the local grid using underground cables, increasing the cost associated with this procedure.

Opportunities: Retrofitting older ships and ports with shore power technology

Shore power systems have been installed since 1980. Previously, only small ships, such as pleasure craft ferries and other small boats, could avail this facility. As a small number of boats/ships that used to rely on this technology, it did not get much attention. However, in early 2000, the shipping industry witnessed a drastic increase in the number of large-scale ships. This increase in large-scale ships further increased the CO2 and NOx emissions, which, in turn, affected the surrounding environment at the ports. Therefore, the phenomenon of shore power gained momentum. Deployment of shore power technology on under-construction ports and ships has now become mandatory in countries such as Germany and China. However, with the increased technology adoption, retrofitting it with existing ports and ships is an excellent opportunity for this market.

Shore power systems have recently witnessed constant developments. For instance, Wδrtsilδ developed a wireless charging system to easily transfer power from shores to ships, replacing the traditional cable connection method in the shore power system. This technology is particularly suitable for fully electric vessels using batteries, such as ferries, which spend less time at the dock. The main advantage of using a wireless charger is the power transfer that starts as soon as the vessel is docked, rather than waiting until the cables are connected. Many developed countries, such as the US, Canada, Norway, Finland, Italy, and Sweden, are replacing their installed shore power solutions with updated technologies. The retrofit shore power market is expected to benefit from government initiatives and the development of wireless shore power systems in the near future.

Challenges: Low fuel costs and minimal returns

The phenomenon of shore power was adopted to decrease carbon emissions and save fuel costs for the shipping companies. However, of late, crude oil prices have reduced drastically. As defined by the EPA, shore power only becomes economically attractive when bunker fuel costs are high relative to local electricity prices. Low bunker fuel prices make shore power a lesser attractive option.

Effective implementation of shore power systems requires installing numerous equipment, such as transformers and switchgear, on both shipside and shoreside. Though installing shoreside equipment is also a challenging task, their deployment on the shipside is much more difficult because such heavy machinery must be transported and installed at a relatively compact location. In addition, after installation, the increased weight of a ship increases its fuel consumption, along with a decreased loading capacity for safety purposes.

Market Trend

Shore Power Market

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The Shipside segment by installation type is expected to grow at the highest CAGR from 2022 to 2027

Shipside segment is estimated to be the fastest-growing installation type segment in the shore power market. When a ship is anchored to the port, it requires electrical power for necessary operations such as refrigeration, air conditioning, and running onboard computers. Shore power systems supply this power from the port, eliminating the need for propulsion power systems such as generators. This reduces air and noise pollution in sensitive, densely populated harborside areas. In some circumstances, the landside power supply can also be used as a “charge” to replace a shipboard energy storage system, with the resulting battery power available for short-distance operations, whether for end-to-end ferries or emissions-free propulsion in port or protected waterways.

Retofit segment by connection is projected to emerge as the largest segment for shore power market

The retrofit segment is estimated to be the largest and fastest growing segment in the shore power market. Retrofitting means modifying the existing vessels. The advancements in tools and technologies have increased the demand for retrofit installations, driving the market growth globally. The advantages of the new installation of shore power systems at ports during construction include integrated planning and execution and low installation costs.

The frequency converters segment by component is expected to grow at the highest CAGR from 2022 to 2027

Based on the component of shore power systems, the frequency converters is estimated to be the fastest-growing market from 2020 to 2027. Frequency converters help reduce the use of diesel fuel, consequently lowering carbon emissions. Besides, they are also helpful in reducing noise pollution. These factors are fueling the deployment of frequency converters on ports, which is driving the market growth.

Up to 30 MVA segment by power output is expected to emerge as the largest segment for shore power market

The Up to 30 MVA segment, by power output, is projected to hold the highest market share during the forecast period. The shore power systems with up to 30 MVA power output have the benefit of compact dimensions and require lower capital investments. Most ports prefer these shore power systems as their deployment process does not require modifications to the existing power grid systems.

Shore Power Market by Region

Asia Pacific is expected to account for the largest market size during the forecast period.

Asia Pacific accounted for a 34.0% share of the shore power market in 2021. The countries covered in the region are China, Japan, South Korea, Inida, Australia, Singapore, and the Rest of Asia Pacific. It comprises key trading countries such as China, Japan, and South Korea. 2020 being a dramatic year for the global economy, economic activities and international merchandise trade have rebounded strongly in 2022. Global merchandise exports and imports are estimated to have surpassed post-pandemic (2021) levels, with nominal growth of 24.6% and 23.8%, respectively. Likewise, growth in the value of exports and imports in Asia and the Pacific is estimated at 33.1% and 32.8%. The region’s prominence in global merchandise trade value slightly declined in 2021 to 41.0% of the world’s exports and 36.8% of global imports, compared to the region’s 41.5% and 37.1% share of global exports and imports, respectively, in 2020. The rise in seaborne trade has subsequently led to increased air and noise pollution. Shore power helps in reducing the environmental pollution. Hence, the adoption rate for shore power systems in Asia Pacific is likely to be the highest. Moreover, multiple countries in the region have been emphasizing reducing their carbon footprint by utilizing several techniques such as shore power, which would help them achieve their goals.

Key Players

GE (US), Siemens (Germany), Schneider Electric (France), ABB (Switzerland), Eaton (Ireland), Conntek Integrated Solutions Inc. (US), Piller Power Systems (Germany), Power Systems International (UK), Sydney Marine Electrical (Australia), Ratio Electric (Netherlands), Danfoss (Denmark), Wartsila (US), Cavotec (Switzerland), Watts Marine (US), Preen (Taiwan), VINCI Energies (France), Wabtec Corporation (US), SmartPlug (US), Blueday Technology (Norway), IGUS (Germany), ESL Power Systems (US), Patton & Cooke Co. (Canada).

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Scope of the Report

Report Metric

Details

Market Size available for years

2020–2027

Base year considered

2021

Forecast period

2022–2027

Forecast units

Value (USD)

Segments covered

By installation type, connection, component, power output

Geographies covered

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

Companies covered

GE (US), Siemens (Germany), Schneider Electric (France), ABB (Switzerland), Eaton (Ireland), Conntek Integrated Solutions Inc. (US), Piller Power Systems (Germany), Power Systems International (UK), Sydney Marine Electrical (Australia), Ratio Electric (Netherlands), Danfoss (Denmark), Wartsila (US), Cavotec (Switzerland), Watts Marine (US), Preen (Taiwan), VINCI Energies (France), Wabtec Corporation (US), SmartPlug (US), Blueday Technology (Norway), IGUS (Germany), ESL Power Systems (US), Patton & Cooke Co. (Canada), Piller Power Systems (Germany), Power Systems International (UK), Ratio Electric (Netherlands), Sydney Marine Electrical (Australia), Conntek Integrated Solutions Inc (Netherlands), Yara Marine Technologies (Norway), Marine Power Systems (UK), Skoon Energy B.V. (Netherlands), Flex Marine Power Ltd. (UK), Orbital Marine Power (UK), Eco Marine Power (Japan), and Power Docks LLC (US).

 

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

Based on installation type, the market has been segmented as follows:

  • Shoreside
  • Shipside

Based on connection, the market has been segmented as follows:

  • New installation
  • Retrofit

Based on component, the market has been segmented as follows:

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

Based on power rating, the market has been segmented as follows:

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

Based on the region, the market has been segmented as follows:

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

Recent Developments

  • In November 2021, The U.S. Navy Military Sealift Command (MSC) awarded GE Power Conversion an indefinite-delivery/indefinite-quantity (IDIQ) contract to maintain the electric and hybrid electric power and propulsion systems aboard its vessels. The five-year contract could be potentially worth USD 125 million.
  • In March 2021, Siemens Smart Infrastructure has been commissioned by Germany's Port of Kiel to deploy a Cloud-based power monitoring solution for its shore power system.
  • In December 2020, Eaton signed an agreement to acquire a 50% stake in HuanYu High Tech, a subsidiary of HuanYu Group that manufactures and supplies low voltage circuit breakers and contractors in China and throughout the Asia Pacific region.
  • In May 2020, Schneider Electric was awarded a contract for the UK’s first large ship-to-shore commercial connection in Stromness, Orkney, to supply locally produced ‘green’ electrical power to the MV Hamnavoe NorthLink ferry while at berth.
  • In October 2019, ABB (Hitachi)  and the Port of Tallinn signed a contract to install shore power systems on the port of Tallinn. Under the contract, ABB is to provide its shore power systems on five of its piers in the Old City Harbor as part of the first shore power project in Estonia. The project aimed to supply shore electricity to the vessels that visit the port and reduce emissions and noise created by ships' engines.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
           1.3.1 SHORE POWER MARKET, BY INSTALLATION TYPE: INCLUSIONS AND EXCLUSIONS
           1.3.2 MARKET, BY CONNECTION: INCLUSIONS AND EXCLUSIONS
           1.3.3 MARKET, BY COMPONENT: INCLUSIONS AND EXCLUSIONS
           1.3.4 MARKET, BY POWER OUTPUT: INCLUSIONS AND EXCLUSIONS
    1.4 STUDY SCOPE
           1.4.1 MARKETS COVERED
           1.4.2 REGIONAL SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 38)
    2.1 RESEARCH DATA
           FIGURE 1 SHORE POWER MARKET: RESEARCH DESIGN
           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 Breakdown of primary interviews
                                FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS
    2.2 DATA TRIANGULATION
           2.2.1 SHORE POWER MARKET ANALYSIS THROUGH PRIMARY INTERVIEWS
                    FIGURE 3 DATA TRIANGULATION METHODOLOGY
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.3.3 DEMAND SIDE METRICS
                    FIGURE 6 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR SHORE POWER
           2.3.4 CALCULATION FOR DEMAND SIDE METRICS
           2.3.5 RESEARCH ASSUMPTIONS FOR DEMAND SIDE METRICS
           2.3.6 SUPPLY SIDE ANALYSIS
                    FIGURE 7 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF SHORE POWER SYSTEMS
                    FIGURE 8 MARKET: SUPPLY SIDE ANALYSIS
                    2.3.6.1 Supply side calculation
                    2.3.6.2 Assumptions for supply side
           2.3.7 FORECAST
    2.4 LIMITATIONS
    2.5 ASSUMPTION

3 EXECUTIVE SUMMARY (Page No. - 50)
   TABLE 1 SNAPSHOT OF SHORE POWER MARKET
   FIGURE 9 SHORESIDE SEGMENT TO HOLD LARGER SHARE OF MARKET, BY INSTALLATION TYPE, DURING FORECAST PERIOD
   FIGURE 10 RETROFIT SEGMENT TO LEAD MARKET, BY CONNECTION, DURING FORECAST PERIOD
   FIGURE 11 FREQUENCY CONVERTERS SEGMENT TO LEAD MARKET, BY COMPONENT, DURING FORECAST PERIOD
   FIGURE 12 UP TO 30 MVA SEGMENT TO HOLD LARGEST SHARE OF MARKET, BY POWER OUTPUT, DURING FORECAST PERIOD
   FIGURE 13 ASIA PACIFIC TO DOMINATE MARKET, BY REGION, DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 55)
    4.1 ATTRACTIVE OPPORTUNITIES IN SHORE POWER MARKET
          FIGURE 14 RISING NEED FOR REDUCING CARBON EMISSIONS CAUSED BY PORT OPERATIONS TO PROPEL GROWTH OF MARKET DURING FORECAST PERIOD
    4.2 MARKET IN ASIA PACIFIC, BY INSTALLATION TYPE AND COUNTRY
          FIGURE 15 SHORESIDE SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC SHORE POWER MARKET IN 2021
    4.3 MARKET, BY INSTALLATION TYPE
          FIGURE 16 SHORESIDE SEGMENT HELD LARGER SHARE OF MARKET IN 2021
    4.4 MARKET, BY CONNECTION
          FIGURE 17 RETROFIT SEGMENT HELD MAJOR SHARE OF MARKET IN 2021
    4.5 MARKET, BY COMPONENTS
          FIGURE 18 FREQUENCY CONVERTERS SEGMENT HELD LARGEST SHARE OF MARKET IN 2021
    4.6 MARKET, BY POWER OUTPUT
          FIGURE 19 UP TO 30 MVA SEGMENT HELD LARGEST SHARE OF MARKET IN 2021
    4.7 MARKET, BY REGION
          FIGURE 20 ASIA PACIFIC MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 60)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 21 SHORE POWER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Growing noise and air pollution from port operations
                                FIGURE 22 SHORE POWER IMPLEMENTATION, BY COUNTRY, 2022
                    5.2.1.2 Increasing cruise passenger traffic
                                FIGURE 23 GLOBAL RISE IN CRUISE PASSENGER TRAFFIC, 2016-2021
                    5.2.1.3 Rising government-led initiatives to reduce greenhouse emissions from port operations
           5.2.2 RESTRAINTS
                    5.2.2.1 Requirement of high capital expenditure
                    5.2.2.2 Increased onshore power for shipping amid significant cost challenges
                                FIGURE 24 PROJECTED SHORE POWER ELECTRICITY GENERATION CAPACITY WORLDWIDE IN GIGAWATTS (2021–2050)
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Retrofitting old ships and ports with shore power technology
                                FIGURE 25 SHORE POWER SYSTEM RATES IN SELECTED COUNTRIES AND REGIONS, 2016–2030
                    5.2.3.2 Integration of shore power systems with offshore wind, floating solar, and other renewables
           5.2.4 CHALLENGES
                    5.2.4.1 Low fuel costs and minimal returns
                    5.2.4.2 Operational and technical challenges
    5.3 PORTER’S FIVE FORCES ANALYSIS
          TABLE 2 IMPACT OF PORTERS FIVE FORCES ON SHORE POWER MARKET
          FIGURE 26 PORTER’S FIVE FORCES ANALYSIS: MARKET
           5.3.1 THREAT OF SUBSTITUTES
           5.3.2 THREAT OF NEW ENTRANTS
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITION RIVALRY
    5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF TOP 3 COMPONENTS
                    TABLE 3 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF TOP 3 COMPONENTS (%)
           5.4.2 BUYING CRITERIA
                    FIGURE 28 KEY BUYING CRITERIA FOR TOP 3 COMPONENTS
                    TABLE 4 KEY BUYING CRITERIA FOR TOP 3 COMPONENTS
    5.5 COVID-19 IMPACT ANALYSIS
           5.5.1 IMPACT ON SHIPPING INDUSTRY
    5.6 VALUE CHAIN ANALYSIS
           FIGURE 29 VALUE CHAIN MODEL FOR MARKET
           5.6.1 SHORE POWER MANUFACTURERS AND DEVELOPERS
           5.6.2 PORT AUTHORITIES
           5.6.3 SHIPPING INDUSTRY
           5.6.4 GOVERNMENT REGULATIONS
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 WIRELESS SHORE POWER
           5.7.2 SHORE POWER EMISSION CALCULATOR (SPEC)
    5.8 KEY CONFERENCES & EVENTS IN 2022-2023
           TABLE 5 MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.9 MARKET MAP
           FIGURE 30 MARKET MAP: SHORE POWER MARKET
           TABLE 6 MARKET: ECOSYSTEM
    5.10 PATENT ANALYSIS
            TABLE 7 MARKET: INNOVATIONS AND PATENT REGISTRATIONS
    5.11 CASE STUDY ANALYSIS
           5.11.1 CAVOTECS SHORE POWER SOLUTIONS REDUCE EMISSIONS AT SHIPPING PORTS
           5.11.2 ELECTRICITY GENERATION ON SHIPS IS CO2 INTENSIVE AND LIKELY TO GROW IN FUTURE IF PROPER MEASURES ARE NOT TAKEN
    5.12 TRADE ANALYSIS
           5.12.1 TRADE ANALYSIS FOR TRANSFORMERS
           5.12.2 EXPORT SCENARIO
                    TABLE 8 EXPORT SCENARIO FOR HS CODE 8504, BY COUNTRY, 2019–2021 (USD)
           5.12.3 IMPORT SCENARIO
                    TABLE 9 IMPORT SCENARIO FOR HS CODE 8504, BY COUNTRY, 2019–2021 (USD)
           5.12.4 TRADE ANALYSIS FOR CABLES
           5.12.5 EXPORT SCENARIO
                    TABLE 10 EXPORT SCENARIO FOR HS CODES 7605 AND 7614, BY COUNTRY, 2019–2021 (USD)
           5.12.6 IMPORT SCENARIO
                    TABLE 11 IMPORT SCENARIO FOR HS CODES 7605 AND 7614, BY COUNTRY, 2019–2021 (USD)
           5.12.7 TRADE ANALYSIS FOR ACCESSORIES
           5.12.8 EXPORT SCENARIO
                    TABLE 12 EXPORT SCENARIO FOR HS CODE 8505, BY COUNTRY, 2019–2021 (USD)
           5.12.9 IMPORT SCENARIO
                     TABLE 13 IMPORT SCENARIO FOR HS CODE 8505, BY COUNTRY, 2019–2021 (USD)
           5.12.10 TRADE ANALYSIS FOR OTHERS
           5.12.11 EXPORT SCENARIO
                     TABLE 14 EXPORT SCENARIO FOR HS CODE 8536, BY COUNTRY, 2019–2021 (USD)
           5.12.12 IMPORT SCENARIO
                      TABLE 15 IMPORT SCENARIO FOR HS CODE 8536, BY COUNTRY, 2019–2021 (USD)
    5.13 AVERAGE SELLING PRICE
           5.13.1 AVERAGE SELLING PRICES FOR COMPONENTS RELATED TO SHORE POWER SYSTEMS IN INDIA, 2022
    5.14 TARIFFS, CODES, AND REGULATIONS
           5.14.1 TARIFFS RELATED TO MARKET
                     TABLE 16 IMPORT TARIFFS FOR MARKET
           5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 17 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 18 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 19 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.15 MARKET: CODES AND REGULATIONS
    5.16 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
           5.16.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SHORE POWER COMPANIES
                     FIGURE 31 REVENUE SHIFT FOR MARKET

6 SHORE POWER MARKET, BY INSTALLATION TYPE (Page No. - 95)
    6.1 INTRODUCTION
          FIGURE 32 MARKET, BY INSTALLATION TYPE, 2021
          TABLE 20 MARKET, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
    6.2 SHORESIDE
           6.2.1 INCREASING SHORESIDE INSTALLATION TO REDUCE CARBON EMISSIONS TO DRIVE MARKET GROWTH
                    TABLE 21 MARKET FOR SHORESIDE, BY REGION, 2020–2027 (USD MILLION)
    6.3 SHIPSIDE
           6.3.1 NEED FOR FEW COMPONENTS TO BE INSTALLED ON SHIPS TO INCREASE PREFERENCE FOR SHIPSIDE INSTALLATION
                    TABLE 22 MARKET FOR SHIPSIDE, BY REGION, 2020–2027 (USD MILLION)

7 SHORE POWER MARKET, BY CONNECTION (Page No. - 99)
    7.1 INTRODUCTION
          FIGURE 33 MARKET, BY CONNECTION, 2021
          TABLE 23 MARKET, BY CONNECTION, 2020–2027 (USD MILLION)
    7.2 NEW INSTALLATION
           7.2.1 STRINGENT GOVERNMENT RULES AND LOW INSTALLATION COSTS TO DRIVE MARKET GROWTH
                    TABLE 24 MARKET FOR NEW INSTALLATION CONNECTION, BY REGION, 2020–2027 (USD MILLION)
    7.3 RETROFIT
           7.3.1 FUEL EFFICIENCY AND NEW ECO-DESIGN FEATURES TO FUEL DEMAND FOR RETROFIT SOLUTIONS
                    TABLE 25 MARKET FOR RETROFIT CONNECTION, BY REGION, 2020–2027 (USD MILLION)

8 SHORE POWER MARKET, BY COMPONENT (Page No. - 103)
    8.1 INTRODUCTION
          FIGURE 34 MARKET, BY COMPONENT, 2021
          TABLE 26 MARKET, BY COMPONENT, 2020–2027 (USD MILLION)
    8.2 TRANSFORMERS
           8.2.1 SMOOTH OPERATIONAL FEATURE OF TRANSFORMERS TO FUEL THEIR DEMAND GLOBALLY
                    TABLE 27 MARKET FOR TRANSFORMERS, BY REGION, 2020–2027 (USD MILLION)
    8.3 SWITCHGEAR DEVICES
           8.3.1 RISING EMPHASIS ON ELECTRICAL SAFETY AT SHORESIDE AND SHIPSIDE TO FUEL DEMAND FOR SWITCHGEAR DEVICES
                    TABLE 28 MARKET FOR SWITCHGEAR DEVICES, BY REGION, 2020–2027 (USD MILLION)
    8.4 FREQUENCY CONVERTERS
           8.4.1 CONSUMPTION OF LESS FUEL AND REDUCED AIR AND NOISE POLLUTION ARE FACTORS DRIVING DEMAND FOR FREQUENCY CONVERTERS
                    TABLE 29 MARKET FOR FREQUENCY CONVERTERS, BY REGION, 2020–2027 (USD MILLION)
    8.5 CABLES AND ACCESSORIES
           8.5.1 GROWING NEED TO ENSURE PROPER TRANSMISSION VIA CABLES AND ACCESSORIES TO DRIVE MARKET GROWTH
                    TABLE 30 MARKET FOR CABLES AND ACCESSORIES, BY REGION, 2020–2027 (USD MILLION)
    8.6 OTHERS
          TABLE 31 MARKET FOR OTHERS, BY REGION, 2020–2027 (USD MILLION)

9 SHORE POWER MARKET, BY POWER OUTPUT (Page No. - 109)
    9.1 INTRODUCTION
          FIGURE 35 UP TO 30 MVA SEGMENT HELD LARGEST SHARE OF MARKET IN 2021
          TABLE 32 MARKET, BY POWER OUTPUT, 2020–2027 (USD MILLION)
    9.2 UP TO 30 MVA
           9.2.1 LOW CAPEX AND COMPACT DIMENSION ARE FACTORS INCREASING DEMAND FOR SHORE POWER SYSTEMS WITH UP TO 30 MVA POWER OUTPUT
                    TABLE 33 MARKET FOR UP TO 30 MVA, BY REGION, 2020–2027 (USD MILLION)
    9.3 30–60 MVA
           9.3.1 INCREASING REQUIREMENT FOR LARGE AND EXTRA-LARGE SHIPS TO FUEL DEMAND FOR SHORE POWER SYSTEMS WITH 30–60 MVA POWER OUTPUT
                    TABLE 34 MARKET FOR 30–60 MVA, BY REGION, 2020–2027 (USD MILLION)
    9.4 ABOVE 60 MVA
           9.4.1 GROWING NEED FOR SUPPLYING POWER SIMULTANEOUSLY TO MULTIPLE SHIPS TO FUEL DEMAND FOR SHORE POWER SYSTEMS WITH ABOVE 60 MVA POWER OUTPUT
                    TABLE 35 MARKET FOR ABOVE 60 MVA, BY REGION, 2020–2027 (USD MILLION)

10 GEOGRAPHIC ANALYSIS (Page No. - 113)
     10.1 INTRODUCTION
             FIGURE 36 ASIA PACIFIC MARKET TO REGISTER HIGHEST CAGR FROM 2022 TO 2027
             FIGURE 37 MARKET, BY REGION, 2021
             TABLE 36 MARKET, BY REGION, 2020–2027 (USD MILLION)
     10.2 ASIA PACIFIC
             10.2.1 COVID-19 IMPACT
                        FIGURE 38 SNAPSHOT: SHORE POWER MARKET IN ASIA PACIFIC
                        TABLE 37 MARKET IN ASIA PACIFIC, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
                        TABLE 38 MARKET IN ASIA PACIFIC, BY CONNECTION, 2020–2027 (USD MILLION)
                        TABLE 39 MARKET IN ASIA PACIFIC, BY COMPONENT, 2020–2027 (USD MILLION)
                        TABLE 40 MARKET IN ASIA PACIFIC, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                        TABLE 41 MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2027 (USD MILLION)
             10.2.2 CHINA
                        10.2.2.1 Rise in number of low-carbon shore power projects to drive market growth in China
                                      TABLE 42 MARKET IN CHINA, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
                                      TABLE 43 MARKET IN CHINA, BY CONNECTION, 2020–2027 (USD MILLION)
                                      TABLE 44 MARKET IN CHINA, BY COMPONENT, 2020–2027 (USD MILLION)
             10.2.3 INDIA
                        10.2.3.1 Rising power demand from major ports to drive market growth in India
                                      TABLE 45 MARKET IN INDIA, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
                                      TABLE 46 MARKET IN INDIA, BY CONNECTION, 2020–2027 (USD MILLION)
                                      TABLE 47 MARKET IN INDIA, BY COMPONENT, 2020–2027 (USD MILLION)
             10.2.4 SOUTH KOREA
                        10.2.4.1 Growing need to reduce emissions from vessels berthed at ports to drive market growth in South Korea
                                      TABLE 48 SHORE POWER MARKET IN SOUTH KOREA, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
                                      TABLE 49 MARKET IN SOUTH KOREA, BY CONNECTION, 2020–2027 (USD MILLION)
                                      TABLE 50 MARKET IN SOUTH KOREA, BY COMPONENT, 2020–2027 (USD MILLION)
             10.2.5 AUSTRALIA
                        10.2.5.1 Increasing renewable shore power projects to drive market growth
                                      TABLE 51 MARKET IN AUSTRALIA, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
                                      TABLE 52 MARKET IN AUSTRALIA, BY CONNECTION, 2020–2027 (USD MILLION)
                                      TABLE 53 MARKET IN AUSTRALIA, BY COMPONENT, 2020–2027 (USD MILLION)
             10.2.6 SINGAPORE
                        10.2.6.1 Increasing deployment of shore power technology at bunkering ports to drive market growth in Singapore
                                      TABLE 54 MARKET IN SINGAPORE, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
                                      TABLE 55 MARKET IN SINGAPORE, BY CONNECTION, 2020–2027 (USD MILLION)
                                      TABLE 56 MARKET IN SINGAPORE, BY COMPONENT, 2020–2027 (USD MILLION)
             10.2.7 JAPAN
                        10.2.7.1 Increasing investment in startups offering shore power solutions to drive the shore power market in Japan
                                      TABLE 57 MARKET IN JAPAN, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
                                      TABLE 58 MARKET IN JAPAN, BY CONNECTION, 2020–2027 (USD MILLION)
                                      TABLE 59 MARKET IN JAPAN, BY COMPONENT, 2020–2027 (USD MILLION)
             10.2.8 REST OF ASIA PACIFIC
                        TABLE 60 MARKET IN REST OF ASIA PACIFIC, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
                        TABLE 61 MARKET IN REST OF ASIA PACIFIC, BY CONNECTION, 2020–2027 (USD MILLION)
                        TABLE 62 MARKET IN REST OF ASIA PACIFIC, BY COMPONENT, 2020–2027 (USD MILLION)
     10.3 NORTH AMERICA
             10.3.1 COVID 19 IMPACT
                        FIGURE 39 SNAPSHOT: SHORE POWER MARKET IN NORTH AMERICA
             10.3.2 BY INSTALLATION TYPE
                        TABLE 63 MARKET IN NORTH AMERICA, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.3.3 BY CONNECTION
                        TABLE 64 MARKET IN NORTH AMERICA, BY CONNECTION, 2020–2027 (USD MILLION)
             10.3.4 BY COMPONENT
                        TABLE 65 MARKET IN NORTH AMERICA, BY COMPONENT, 2020–2027 (USD MILLION)
                        TABLE 66 MARKET IN NORTH AMERICA, BY POWER OUTPUT, 2020–2027 (USD MILLION)
             10.3.5 BY COUNTRY
                        TABLE 67 MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION)
             10.3.6 US
                        10.3.6.1 Increasing tourism and trade activities to drive market growth in US
             10.3.7 BY INSTALLATION TYPE
                        TABLE 68 SHORE POWER MARKET IN US, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.3.8 BY CONNECTION
                        TABLE 69 MARKET IN US, BY CONNECTION, 2020–2027 (USD MILLION)
             10.3.9 BY COMPONENT
                        TABLE 70 MARKET IN US, BY COMPONENT, 2020–2027 (USD MILLION)
             10.3.10 CANADA
                        10.3.10.1 Increased investments in oil and gas projects to boost demand for shore power systems
             10.3.11 BY INSTALLATION TYPE
                        TABLE 71 MARKET IN CANADA, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.3.12 BY CONNECTION
                        TABLE 72 MARKET IN CANADA, BY CONNECTION, 2020–2027 (USD MILLION)
             10.3.13 BY COMPONENT
                        TABLE 73 MARKET IN CANADA, BY COMPONENT, 2020–2027 (USD MILLION)
             10.3.14 MEXICO
                        10.3.14.1 Large presence of energy resources and infrastructure development to boost market growth in Mexico
             10.3.15 BY INSTALLATION TYPE
                        TABLE 74 MARKET IN MEXICO, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.3.16 BY CONNECTION
                        TABLE 75 MARKET IN MEXICO, BY CONNECTION, 2020–2027 (USD MILLION)
             10.3.17 BY COMPONENT
                        TABLE 76 MARKET IN MEXICO, BY COMPONENT, 2020–2027 (USD MILLION)
     10.4 EUROPE
             10.4.1 COVID 19 IMPACT
             10.4.2 BY INSTALLATION TYPE
                        TABLE 77 SHORE POWER MARKET IN EUROPE, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.4.3 BY CONNECTION
                        TABLE 78 MARKET IN EUROPE, BY CONNECTION, 2020–2027 (USD MILLION)
             10.4.4 BY COMPONENT
                        TABLE 79 MARKET IN EUROPE, BY COMPONENT, 2020–2027 (USD MILLION)
                        TABLE 80 MARKET IN EUROPE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
             10.4.5 BY COUNTRY
                        TABLE 81 MARKET IN EUROPE, BY COUNTRY, 2020–2027 (USD MILLION)
             10.4.6 GERMANY
                        10.4.6.1 Adoption of shore power technology in growing maritime industry drives market
             10.4.7 BY INSTALLATION TYPE
                        TABLE 82 MARKET IN GERMANY, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.4.8 BY CONNECTION
                        TABLE 83 MARKET IN GERMANY, BY CONNECTION, 2020–2027 (USD MILLION)
             10.4.9 BY COMPONENT
                        TABLE 84 MARKET IN GERMANY, BY COMPONENT, 2020–2027 (USD MILLION)
             10.4.10 UK
                        10.4.10.1 Advanced shore power initiatives in British ports drives market
                        TABLE 85 MARKET IN UK, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.4.11 BY CONNECTION
                        TABLE 86 MARKET IN UK, BY CONNECTION, 2020–2027 (USD MILLION)
             10.4.12 BY COMPONENT
                        TABLE 87 MARKET IN UK, BY COMPONENT, 2020–2027 (USD MILLION)
             10.4.13 RUSSIA
                        10.4.13.1 Commitment toward shore power drives market
             10.4.14 BY INSTALLATION TYPE
                        TABLE 88 MARKET IN RUSSIA, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.4.15 BY CONNECTION
                        TABLE 89 MARKET IN RUSSIA, BY CONNECTION, 2020–2027 (USD MILLION)
             10.4.16 BY COMPONENT
                        TABLE 90 MARKET IN RUSSIA, BY COMPONENT, 2020–2027 (USD MILLION)
             10.4.17 SWEDEN
                        10.4.17.1 Increase in marine traffic to drive shore power market
             10.4.18 BY INSTALLATION TYPE
                        TABLE 91 MARKET IN SWEDEN, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.4.19 BY CONNECTION
                        TABLE 92 MARKET IN SWEDEN, BY CONNECTION, 2020–2027 (USD MILLION)
             10.4.20 BY COMPONENT
                        TABLE 93 MARKET IN SWEDEN, BY COMPONENT, 2020–2027 (USD MILLION)
             10.4.21 NETHERLANDS
                        10.4.21.1 Increase in adoption of shore power-based strategies to drive shore power market
             10.4.22 BY INSTALLATION TYPE
                        TABLE 94 MARKET IN NETHERLANDS, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.4.23 BY CONNECTION
                        TABLE 95 MARKET IN NETHERLANDS, BY CONNECTION, 2020–2027 (USD MILLION)
             10.4.24 BY COMPONENT
                        TABLE 96 MARKET IN NETHERLANDS, BY COMPONENT, 2020–2027 (USD MILLION)
             10.4.25 NORWAY
                        10.4.25.1 Growing demand from decarbonization activities to drive market
             10.4.26 BY INSTALLATION TYPE
                        TABLE 97 MARKET IN NORWAY, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.4.27 BY CONNECTION
                        TABLE 98 MARKET IN NORWAY, BY CONNECTION, 2020–2027 (USD MILLION)
             10.4.28 BY COMPONENT
                        TABLE 99 MARKET IN NORWAY, BY COMPONENT, 2020–2027 (USD MILLION)
             10.4.29 REST OF EUROPE
             10.4.30 BY INSTALLATION TYPE
                        TABLE 100 MARKET IN REST OF EUROPE, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.4.31 BY CONNECTION
                        TABLE 101 MARKET IN REST OF EUROPE, BY CONNECTION, 2020–2027 (USD MILLION)
             10.4.32 BY COMPONENT
                        TABLE 102 MARKET IN REST OF EUROPE, BY COMPONENT, 2020–2027 (USD MILLION)
     10.5 MIDDLE EAST & AFRICA
             10.5.1 COVID-19 IMPACT
             10.5.2 BY INSTALLATION TYPE
                        TABLE 103 SHORE POWER MARKET IN MIDDLE EAST & AFRICA, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.5.3 BY CONNECTION
                        TABLE 104 MARKET IN MIDDLE EAST & AFRICA, BY CONNECTION, 2020–2027 (USD MILLION)
             10.5.4 BY COMPONENT
                        TABLE 105 MARKET IN MIDDLE EAST & AFRICA, BY COMPONENT, 2020–2027 (USD MILLION)
                        TABLE 106 MARKET IN MIDDLE EAST & AFRICA, BY POWER OUTPUT, 2020–2027 (USD MILLION)
             10.5.5 BY COUNTRY
                        TABLE 107 MARKET IN MIDDLE EAST & AFRICA, BY COUNTRY, 2020–2027 (USD MILLION)
             10.5.6 SAUDI ARABIA
                        10.5.6.1 Increase in trading activities of oil and natural gas to create favorable conditions for shore power market
             10.5.7 BY INSTALLATION TYPE
                        TABLE 108 MARKET IN SAUDI ARABIA, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.5.8 BY CONNECTION
                        TABLE 109 MARKET IN SAUDI ARABIA, BY CONNECTION, 2020–2027 (USD MILLION)
             10.5.9 BY COMPONENT
                        TABLE 110 MARKET IN SAUDI ARABIA, BY COMPONENT, 2020–2027 (USD MILLION)
             10.5.10 UAE
                        10.5.10.1 Increase in oil trading and tourism activities to generate need for shore power
             10.5.11 BY INSTALLATION TYPE
                        TABLE 111 MARKET IN UAE, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.5.12 BY CONNECTION
                        TABLE 112 MARKET IN UAE, BY CONNECTION, 2020–2027 (USD MILLION)
             10.5.13 BY COMPONENT
                        TABLE 113 MARKET IN UAE, BY COMPONENT, 2020–2027 (USD MILLION)
             10.5.14 EGYPT
                        10.5.14.1 Rise in focus on implementing shore power systems on multiple ports to foster market growth
             10.5.15 BY INSTALLATION TYPE
                        TABLE 114 MARKET IN EGYPT, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.5.16 BY CONNECTION
                        TABLE 115 MARKET IN EGYPT, BY CONNECTION, 2020–2027 (USD MILLION)
             10.5.17 BY COMPONENT
                        TABLE 116 MARKET IN EGYPT, BY COMPONENT, 2020–2027 (USD MILLION)
             10.5.18 SOUTH AFRICA
                        10.5.18.1 Commitments toward net zero-carbon emissions likely to boost demand for shore power
             10.5.19 BY INSTALLATION TYPE
                        TABLE 117 MARKET IN SOUTH AFRICA, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.5.20 BY CONNECTION
                        TABLE 118 MARKET IN SOUTH AFRICA, BY CONNECTION, 2020–2027 (USD MILLION)
             10.5.21 BY COMPONENT
                        TABLE 119 MARKET IN SOUTH AFRICA, BY COMPONENT, 2020–2027 (USD MILLION)
             10.5.22 REST OF MIDDLE EAST & AFRICA
             10.5.23 BY INSTALLATION TYPE
                        TABLE 120 MARKET IN REST OF MIDDLE EAST & AFRICA, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.5.24 BY CONNECTION
                        TABLE 121 MARKET IN REST OF MIDDLE EAST & AFRICA, BY CONNECTION, 2020–2027 (USD MILLION)
             10.5.25 BY COMPONENT
                        TABLE 122 MARKET IN REST OF MIDDLE EAST & AFRICA, BY COMPONENT, 2020–2027 (USD MILLION)
     10.6 SOUTH AMERICA
             10.6.1 COVID-19 IMPACT
             10.6.2 BY INSTALLATION TYPE
                        TABLE 123 SHORE POWER MARKET IN SOUTH AMERICA, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.6.3 BY CONNECTION
                        TABLE 124 MARKET IN SOUTH AMERICA, BY CONNECTION, 2020–2027 (USD MILLION)
             10.6.4 BY COMPONENT
                        TABLE 125 MARKET IN SOUTH AMERICA, BY COMPONENT, 2020–2027 (USD MILLION)
                        TABLE 126 MARKET IN SOUTH AMERICA, BY POWER OUTPUT, 2020–2027 (USD MILLION)
             10.6.5 BY COUNTRY
                        TABLE 127 MARKET IN SOUTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION)
             10.6.6 BRAZIL
                        10.6.6.1 Highest unloading times at ports to drive demand for shore power systems
             10.6.7 BY INSTALLATION TYPE
                        TABLE 128 MARKET IN BRAZIL, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.6.8 BY CONNECTION
                        TABLE 129 MARKET IN BRAZIL, BY CONNECTION, 2020–2027 (USD MILLION)
             10.6.9 BY COMPONENT
                        TABLE 130 MARKET IN BRAZIL, BY COMPONENT, 2020–2027 (USD MILLION)
             10.6.10 ARGENTINA
                        10.6.10.1 Increased trading of minerals to boost market for shore power in Argentina
             10.6.11 BY INSTALLATION TYPE
                        TABLE 131 MARKET IN ARGENTINA, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.6.12 BY CONNECTION
                        TABLE 132 MARKET IN ARGENTINA, BY CONNECTION, 2020–2027 (USD MILLION)
             10.6.13 BY COMPONENT
                        TABLE 133 MARKET IN ARGENTINA, BY COMPONENT, 2020–2027 (USD MILLION)
             10.6.14 REST OF SOUTH AMERICA
             10.6.15 BY INSTALLATION TYPE
                        TABLE 134 MARKET IN REST OF SOUTH AMERICA, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)
             10.6.16 BY CONNECTION
                        TABLE 135 MARKET IN REST OF SOUTH AMERICA, BY CONNECTION, 2020–2027 (USD MILLION)
             10.6.17 BY COMPONENT
                        TABLE 136 MARKET IN REST OF SOUTH AMERICA, BY COMPONENT, 2020–2027 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 167)
     11.1 KEY PLAYERS STRATEGIES
             TABLE 137 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, AUGUST 2017– SEPTEMBER 2021
     11.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS
             TABLE 138 SHORE POWER MARKET: DEGREE OF COMPETITION
                           FIGURE 40 MARKET SHARE ANALYSIS, 2020
     11.3 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
             FIGURE 41 TOP PLAYERS IN MARKET FROM 2016 TO 2020
     11.4 COMPANY EVALUATION QUADRANT
             11.4.1 STAR
             11.4.2 PERVASIVE
             11.4.3 EMERGING LEADER
             11.4.4 PARTICIPANT
                        FIGURE 42 COMPETITIVE LEADERSHIP MAPPING: MARKET, 2021
             11.4.5 COMPETITIVE BENCHMARKING
                        TABLE 139 MARKET: DETAILED LIST OF KEY START-UPS/SMES
                        TABLE 140 MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS (START-UPS/SMES)
     11.5 SHORE POWER MARKET: COMPANY FOOTPRINT
             TABLE 141 COMPANY FOOTPRINT: BY INSTALLATION TYPE
             TABLE 142 COMPANY FOOTPRINT: BY CONNECTION
             TABLE 143 COMPANY FOOTPRINT: BY COMPONENT
             TABLE 144 COMPANY FOOTPRINT: BY POWER OUTPUT
             TABLE 145 BY REGION: COMPANY FOOTPRINT
             TABLE 146 OVERALL COMPANY FOOTPRINT
     11.6 COMPETITIVE SCENARIO
             TABLE 147 MARKET: PRODUCT LAUNCHES, AUGUST 2017–OCTOBER 2020
             TABLE 148 MARKET: DEALS, OCTOBER 2020–SEPTEMBER 2021

12 COMPANY PROFILES (Page No. - 182)
(Business Overview, Products Offered, Recent Developments, and MnM View)*
     12.1 KEY PLAYERS
             12.1.1 GE
                        TABLE 149 GE: BUSINESS OVERVIEW
                        FIGURE 43 GE: COMPANY SNAPSHOT (2021)
                        TABLE 150 GE: PRODUCTS OFFERED
                        TABLE 151 GE: DEALS
             12.1.2 SIEMENS
                        TABLE 152 SIEMENS: BUSINESS OVERVIEW
                        FIGURE 44 SIEMENS: COMPANY SNAPSHOT (2021)
                        TABLE 153 SIEMENS: PRODUCTS OFFERED
                        TABLE 154 SIEMENS: DEALS
             12.1.3 SCHNEIDER ELECTRIC
                        TABLE 155 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
                        FIGURE 45 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT (2021)
                        TABLE 156 SCHNEIDER ELECTRIC: PRODUCTS OFFERED
                        TABLE 157 SCHNEIDER ELECTRIC: DEALS
             12.1.4 ABB (HITACHI)
                        TABLE 158 ABB (HITACHI): BUSINESS OVERVIEW
                        FIGURE 46 ABB (HITACHI): COMPANY SNAPSHOT (2021)
                        TABLE 159 ABB (HITACHI): PRODUCTS OFFERED
                        TABLE 160 ABB (HITACHI): DEALS
             12.1.5 EATON
                        TABLE 161 EATON: BUSINESS OVERVIEW
                        FIGURE 47 EATON: COMPANY SNAPSHOT (2020)
                        TABLE 162 EATON: PRODUCTS OFFERED
                        TABLE 163 EATON: DEALS
             12.1.6 VINCI ENERGIES
                        TABLE 164 VINCI ENERGIES: BUSINESS OVERVIEW
                        FIGURE 48 VINCI ENERGIES: COMPANY SNAPSHOT (2021)
                        TABLE 165 VINCI ENERGIES: PRODUCTS OFFERED
             12.1.7 WARTSILA
                        TABLE 166 WARTSILA: BUSINESS OVERVIEW
                        FIGURE 49 WARTSILA: COMPANY SNAPSHOT (2021)
                        TABLE 167 WARTSILA: PRODUCTS OFFERED
                        TABLE 168 WARTSILA: DEALS
             12.1.8 DANFOSS
                        TABLE 169 DANFOSS: BUSINESS OVERVIEW
                        FIGURE 50 DANFOSS: COMPANY SNAPSHOT (2020)
                        TABLE 170 DANFOSS: PRODUCTS OFFERED
                        TABLE 171 DANFOSS: DEALS
             12.1.9 WABTEC CORPORATION
                        TABLE 172 WABTEC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 51 WABTEC CORPORATION: COMPANY SNAPSHOT (2020)
                        TABLE 173 WABTEC CORPORATION: PRODUCTS OFFERED
                        TABLE 174 WABTEC CORPORATION: DEALS
             12.1.10 CAVOTEC
                        TABLE 175 CAVOTEC: BUSINESS OVERVIEW
                        FIGURE 52 CAVOTEC: COMPANY SNAPSHOT (2021)
                        TABLE 176 CAVOTEC: PRODUCTS OFFERED
                        TABLE 177 CAVOTEC: PRODUCT LAUNCHES
                        TABLE 178 CAVOTEC: DEALS
                        TABLE 179 CAVOTEC: OTHERS
             12.1.11 ESL POWER SYSTEMS
                        TABLE 180 ESL POWER SYSTEMS: BUSINESS OVERVIEW
                        TABLE 181 ESL POWER SYSTEMS: PRODUCTS OFFERED
                        TABLE 182 ESL POWER SYSTEMS: DEALS
             12.1.12 IGUS
                        TABLE 183 IGUS: BUSINESS OVERVIEW
                        TABLE 184 IGUS: PRODUCTS OFFERED
             12.1.13 BLUE DAY TECHNOLOGY
                        TABLE 185 BLUE DAY TECHNOLOGY: BUSINESS OVERVIEW
                        TABLE 186 BLUE DAY TECHNOLOGY: PRODUCTS OFFERED
                        TABLE 187 BLUE DAY TECHNOLOGY: DEALS
             12.1.14 WATTS MARINE
                        TABLE 188 WATTS MARINE: BUSINESS OVERVIEW
                        TABLE 189 WATTS MARINE: PRODUCTS OFFERED
                        TABLE 190 WATTS MARINE: DEALS
             12.1.15 PREEN
                        TABLE 191 PREEN INC: BUSINESS OVERVIEW
                        TABLE 192 PREEN: PRODUCTS OFFERED
             12.1.16 SMARTPLUG
                        TABLE 193 SMARTPLUG: BUSINESS OVERVIEW
                        TABLE 194 SMARTPLUG: PRODUCTS OFFERED
             12.1.17 PILLER POWER SYSTEMS
                        TABLE 195 PILLER POWER SYSTEMS: COMPANY OVERVIEW
                        TABLE 196 PILLER POWER SYSTEMS: PRODUCTS OFFERED
                        TABLE 197 PILLER POWER SYSTEMS: DEALS
             12.1.18 POWER SYSTEMS INTERNATIONAL
                        TABLE 198 POWER SYSTEMS INTERNATIONAL: BUSINESS OVERVIEW
                        TABLE 199 POWER SYSTEMS INTERNATIONAL: PRODUCTS OFFERED
             12.1.19 RATIO ELECTRIC
                        TABLE 200 RATIO ELECTRIC: BUSINESS OVERVIEW
                        TABLE 201 RATIO ELECTRIC: PRODUCTS OFFERED
             12.1.20 SYDNEY MARINE ELECTRICAL
                        TABLE 202 SYDNEY MARINE ELECTRICAL: BUSINESS OVERVIEW
                        TABLE 203 SYDNEY MARINE ELECTRICAL: PRODUCTS OFFERED
             12.1.21 CONNTEK INTEGRATED SOLUTIONS INC
                        TABLE 204 CONNTEK INTEGRATED SOLUTIONS: BUSINESS OVERVIEW
                        TABLE 205 CONNTEK INTEGRATED SOLUTIONS: PRODUCTS OFFERED
             12.1.22 PATTON & COOKE CO.
                        TABLE 206 PATTON & COOKE CO.: BUSINESS OVERVIEW
                        TABLE 207 PATTON & COOKE CO.: PRODUCTS OFFERED
     12.2 OTHER PLAYERS
             12.2.1 YARA MARINE TECHNOLOGIES
             12.2.2 MARINE POWER SYSTEMS
             12.2.3 SKOON ENERGY B.V.
             12.2.4 FLEX MARINE POWER LTD.
             12.2.5 ORBITAL MARINE POWER
             12.2.6 ECO MARINE POWER
             12.2.7 POWER DOCKS LLC

* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 238)
     13.1 INSIGHTS OF INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 AVAILABLE CUSTOMIZATIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

This study involved major activities in estimating the current size of the shore power market. Comprehensive secondary research was done to collect information on the market, peer market, and parent market. The next step involved was validation of these findings, assumptions, and market sizing with industry experts across the value chain through primary research. The total market size was estimated through country-wise analysis. Then, the market breakdown and data triangulation were performed to estimate the market size of the segments and sub-segments. 

Secondary Research

The secondary research involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global shore power market. The other secondary sources comprised press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturers, associations, trade directories, and databases.

Primary Research

The shore power market comprises several stakeholders, such as shore power developers, port authorities, shipping industries, and end-users in the supply chain. The demand-side of this market is characterized by industrial end-users. Moreover, the demand is also fueled by the growing demand to eliminate air and noise pollution. The supply side is characterized by rising demand for contracts from the industrial sector, and mergers & acquisitions among big 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

Market Size Estimation Methodology: Top-Down Approach

Shore Power Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Market Size Estimation Methodology: Bottom-Up Approach

Shore Power Market Size, and Share

Data Triangulation

The overall market size is estimated using the market size estimation processes as explained above, followed by splitting of the market into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, 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 ecosystem.

Report Objectives

  • To define, describe, and forecast the size of the shore power market by installation type, connection, component, power output, and region, in terms of value
  • To estimate and forecast the global market for various segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), South America, Middle East & Africa, in terms of value
  • To provide comprehensive information about the drivers, restraints, opportunities, and industry-specific challenges that affect the market growth
  • To provide a detailed overview of the shore power value chain, along with industry trends, use cases, security standards, and Porter’s five forces
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders by identifying high-growth segments and detail the competitive landscape for market players
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • To analyze competitive developments, such as joint ventures, mergers and acquisitions, contracts, and agreements, and new product launches, in the market
  • To benchmark players within the market using the proprietary competitive leadership mapping framework, which analyzes market players on various parameters within the broad categories of business strategy excellence and strength of product portfolio
  • This report covers the shore power market size in terms of value.

Available Customization

With the given market data, MarketsandMarkets offers customizations based on the company’s specific needs. The following customization options are available for the report:

Product Analysis

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

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
Shore Power Market Size,  Share & Growth Report
Report Code
EP 7257
Published ON
Apr, 2022
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