Shore Power Market

Report Code EP 7257
Published in Nov, 2024, By MarketsandMarkets™
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Shore Power Market by Installation Type (Shoreside, Shipside), Connection (New Installation, Retrofit), Component (Transformer, Switchgear, Frequency converter, Cables and Accessories), Power Output) - Global Forecast to 2029

 

Overview

The global shore power market is projected to grow from USD 2.03 billion in 2024 to USD 3.58 billion by 2029, growing at a CAGR of 12.0%. A greater concern for reducing greenhouse gas (GHG) emissions from maritime activities is fueling demand for shore power systems globally. In recent years, environmental regulations have become stringent across regions, forcing ports and vessels to utilize shore power solutions to meet set requirements to achieve sustainability goals. An investment in port infrastructure is also on the rise in developed countries, thereby boosting shore power installation.

Shore Power Market

Attractive Opportunities in the Shore Power Market

ASIA PACIFIC

Asia Pacific holds the largest share of the global shore power market due to its high concentration of major shipping hubs, rapidly expanding port infrastructure, and increasing government initiatives to reduce emissions from maritime activities.

Opportunities in the global shore power market include expanding regulatory support for emission reduction, technological advancements in power management systems, and the growing shift toward sustainable port operations.

Challenges in the global shore power market include the high initial capital investment, technological complexity, and regulatory discrepancies across regions.

The major drivers of the market include growing environmental regulations to reduce emissions, increasing focus on sustainability and decarbonization, and rising adoption of clean energy solutions in ports.

North America is the second-largest region in the global shore power market due to strong regulatory frameworks aimed at reducing emissions, significant investment in port infrastructure modernization, and the presence of major ports actively adopting shore power solutions to meet environmental standards.

Global Shore Power Market Dynamics

Driver: Rising focus on sustainability and decarbonization

The prime driver for the shore power market is the interest in sustainability and decarbonization, as governments and industries worldwide have been emphasizing carbon footprint reduction in line with global climate targets. Shore power systems will reduce GHG emissions, noise, and air pollution, allowing ships to connect to onshore electrical grids while docked. Environmental and regulatory mandates in principal maritime regions are driving the broader installation of shore power solutions. The IMO has already set its 2030 and 2050 emission reduction targets and tightened the emission control area standards.

Pressure is arising from the requirements of natural stakeholders, including governments, port authorities, and shipping companies themselves, to achieve more sustainable port operations. This is especially encouraging port operators and shipping lines to invest in shore power infrastructure, especially where renewable energy is integrated into the power supply, further enhancing sustainability outcomes. With the added benefits of lower fuel costs for vessels and enhanced air quality around ports, the push for decarbonization through shore power aligns well with both environmental and operational objectives.

Restraint: High initial investment costs

High capital initial investment is one of the major deterrent factors in the shore power market, influencing the rate of adoption among port authorities and shipping companies. Shore power systems require substantial capital investment in infrastructure in terms of setting up onshore power equipment, frequency converters, transformers, and cabling systems that make ship-to-shore connections. The implementation of shore power also requires retrofitting ships to make them compatible with the latest technology, which again calls for extra investments.

Investments in shore power projects may pose more difficulties to ports, which may experience regional constraints in the availability of funds due to limited budgets or competing priorities for infrastructure spending. Smaller ports have also been at a disadvantage since they could not afford to spend on shore power projects with lower traffic volumes and restricted financial returns. Another factor that may make investors hesitant to put money into this solution is the operational cost in countries where renewable sources of power are not available or where energy costs are high. Also, the ROI for shore power systems depends on suitable utilization rates that may prove challenging without widespread regulatory mandates or incentives.

 

Opportunity: Advances in shore power technology

Advances in shore power technology promise a great opportunity for the global shore power market to grow. The spates of innovations in smart grid integration, energy-efficient frequency converters, and automation of connection systems have streamlined the shore power system, making it more cost-effective, reliable, and implementable. For instance, smart grid technology will ensure dynamic management of electricity supply with a view toward optimized energy use when the port is at its busiest and integrated with renewable sources, such as solar or wind. It reduces energy consumption and emissions thereby providing the rationale behind sustainability principles.

In addition, plug-and-play standardized and automated connection systems are making it easier to deploy shore power systems as the installation time and labor are minimized. In addition, improved high-capacity and flexible-frequency power systems also cater to larger vessels, such as cruise liners and container ships, as they generate significant amounts of power and require a wide range of different voltages. These technological advances make shore power solutions more feasible in new and retrofit installations, reducing operational barriers further and making them relatively easy to use.

Challenge: Slow adoption and low penetration rates

One of the greatest challenges players in the global shore power market have been facing is the slow pace of adoption and low penetration rates of shore power systems. Shore power technologies have substantial environmental and operational benefits to offer, but a plethora of high upfront costs, scarce infrastructure, and a lack of standardized regulatory frameworks have compelled ports and maritime operators to be extremely slow to adopt shore power. This technology's adoption rates would remain relatively low in more developing economies where the cost of new investments into shoreside infrastructure can be prohibitive. Shipping lines also are unwilling to invest in shore power-compatible onboard retrofits, especially for those sailing over international routes where shore power is not uniformly available.

This slow pace also reflects the desire for standardized regulations that would enforce shore power use. Without widespread regulatory mandates, many ports are less inclined to prioritize shore power installation, thereby reducing opportunities for economies of scale that would eventually lower implementation costs. This limits the overall growth potential of the shore power market because it impedes efficient scaling and affects the industry's ability to scale up to the sustainability objectives that shore power technology supports.

Global Shore Power Market Ecosystem Analysis

Raw material suppliers provide essential materials such as metals and composites for use in the production of core components of shore power systems. Manufacturers use these materials to fabricate key components, including transformers, frequency converters, and electrical cables, of shore power infrastructure. Shore power system assemblers integrate components into workable shore power systems that meet the specifications of ports and vessels. Shore power end users such as ports, shipping lines, and vessel operators install these systems to supply clean electricity to the docked vessels. These emissions are at their barest minimum and comply with the tolerance level mentioned in the set environmental standards. This streamlined ecosystem drives efficiency and sustainability in maritime operations. General Electric Company (US), Siemens (Germany), Schneider Electric (France), ABB (Switzerland), Eaton (Ireland), VINCI Energies (France), Wärtsilä (Finland), Danfoss (Denmark), Wabtec Corporation (US), and Cavotec SA (Switzerland) are among the key participants in the shore power ecosystem.

Top Companies in Shore Power Market
 

Shoreside segment to dominate shore power market, by installation type, throughout forecast period

The shoreside segment accounts for the largest market share for shore power because of its importance in curtailing emissions and environmental impacts in port environments, where pollution and air quality issues tend to be exacerbated by high vessel traffic. Shoreside power installations can enable ships to plug into the local grid rather than running onboard diesel engines, thereby reducing GHG emissions, noise pollution, and hazardous particulate matter in coastal urban areas. Given the intensifying environmental regulations, especially in regions such as North America and Europe, shoreside power installations are essential for ports to not only comply with the stringent emission standards but also to enable them to actively promote initiatives to ensure sustainability.

Port authorities and municipalities prefer shoreside installations because they have long-term investments in clean energy solutions. Shoreside power is also scalable, supporting cruise ships, container vessels, and ferries, and is a cost-effective alternative to container vessels and other vessel types that consume a lot of energy while docked. In fact, the integration of various renewable energy sources into shoreside grid power installations aligns with green energy goals, thereby supporting segment growth.

Below 30 MVA segment, by power output, captured largest market share in 2023

The below 30 MVA category represents the largest market share, as it corresponds to the power supply required by most commercial vessels, including cargo ships, container ships, and smaller passenger vessels, which cannot run onboard generators for lighting, HVAC, and auxiliary systems while docked. All such requirements are usually fulfilled by below 30 MVA shore power solutions as they help ports and ship operators save money and achieve low emission targets without massive investment in heavy infrastructure with higher capacity equipment.

Installing shore power for 30 MVA is more affordable within the port's budget constraints, especially in developing regions that are focused on beginning port electrification. This lower power range also matches well with the inclusion of renewable energy sources, as solar and wind sources can reliably provide moderate capacities of power. As mandates to use shore power are set progressively across the world due to environmental compliance on the part of vessels, ports have an incentive to adopt scalable low-to-moderate capacity systems. So, shore power solutions with up to 30 MVA capture considerable demand as they meet several requirements, including low cost, energy needs, and compliance with environmental regulations.

Asia Pacific to Capture Largest Share of Shore Power Market Throughout Forecast Period

The Asia Pacific region captures the majority of global market share because of its high concentration of major shipping hubs and a substantial development of port infrastructure, accompanied by stringent environmental regulations in the key economies of China, Japan, and South Korea. Asia Pacific ports, mainly in China and Singapore, are some of the busiest worldwide. There is a great amount of maritime trade flow through these ports, which only fuels the need for shore power to cut emissions at ports. The demand for environmental sustainability and regulatory efforts, such as the requirement for the utilization of shore power in specific ports in China, pushes demand for shore power solutions in this region.

Furthermore, Asia Pacific governments are heavily investing in port electrification, increasing energy efficiency, and reducing air pollution in densely populated coastal areas. This is allied with huge progress made in renewable energy integration. For instance, Japan and South Korea have emphasized green energy initiatives; regional economic growth fosters substantial investments that allow ports to upgrade infrastructure to meet evolving international standards for efficiency and sustainability. All these factors drive market growth in this region.

LARGEST MARKET IN 2024- 2029
CANADA FASTEST GROWING MARKET IN THE REGION
Shore Power Market Size and Share

Recent Developments of Shore Power Market

  • In April 2024, Cavotec SA secured a contract worth approximately USD 5 million with a major global shipping company for the supply of shore power solutions.
  • In February 2024, ABB secured a contract with Portsmouth International Port to provide a shore connection system for ferries and cruise ships docking at the port.
  • In February 2024, HAROPA port selected a consortium made up of subsidiaries from VINCI Energies and VINCI Construction to develop a high-voltage power supply system for cruise ships stationed at the three berths of the Pointe de Floride terminal.
  • In March 2023, EXMAR signed a contract with ABB to implement ABB's shore connection solution. This initiative aims to reduce reliance on traditional fuel sources while promoting sustainable practices in maritime operations.

Key Market Players

List of Top Shore Power Market Companies

The Shore Power Market is dominated by a few major players that have a wide regional presence. The major players in the Shore Power Market are

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Scope of the Report

Report Attribute Details
Market size available for years 2020–2029
Base year considered 2023
Forecast period 2024–2029
Forecast units Value (USD Million)
Segments Covered Shore Power Market by installation, connection, component, power output, and region.
Regions covered North America, Europe, Asia Pacific, Middle East & Africa and South America

 

Key Questions Addressed by the Report

What was the size of the shore power market, in terms of value, in 2023?
The shore power market was valued at USD 1.83 billion in 2023.
What are the major drivers for the shore power market?
The major drivers for the global shore power market include rising environmental regulations, increasing focus on reducing carbon emissions at ports, the growth of international maritime trade, technological advancements in shore power solutions, and the push for energy efficiency and sustainability in port operations globally.
Which region is likely to account for the largest share of the shore power market during the forecast period?
Asia Pacific is projected to be the largest market for shore power systems globally during the forecast period due to rapid port infrastructure developments, increasing trade volumes, and stringent environmental regulations and government initiatives aimed at reducing emissions across key maritime nations such as China, Japan, and South Korea.
Which power output segment is expected to be the largest in the shore power market during the forecast period?
The "below 30 MVA" segment is likely to hold the largest share of the global shore power market in the coming years, primarily because most small to medium-sized vessels, including ferries, container ships, and cruise ships, require this power range for their electrical needs when docked. Shower power systems with a power output below 30 MVA are particularly suitable for ports and terminals that handle such vessels, which are more common in various regions. Furthermore, the relatively lower cost and simpler infrastructure of below 30 MVA shore power systems make them more accessible for port authorities, leading to widespread adoption.
Which connection type segment is expected to be larger in the shore power market during the forecast period?
The retrofits segment is expected to hold a larger share of the global shore power market due to the high demand for upgrading existing ports and terminals to meet new environmental regulations. This makes it a cost-effective solution for reducing emissions without the need for building new infrastructure.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
28
RESEARCH METHODOLOGY
34
EXECUTIVE SUMMARY
46
PREMIUM INSIGHTS
50
MARKET OVERVIEW
55
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Rising focus of government authorities on sustainability, carbon neutrality, and decarbonization initiatives
    - Increasing maritime traffic and expanding port networks
    - Thriving cruise ship industry
    RESTRAINTS
    - High initial investment costs
    - Lack of uniform technical and regulatory frameworks across ports
    OPPORTUNITIES
    - Advances in shore power technology
    - Integration of renewable energy into shore power systems
    CHALLENGES
    - Limited grid capacity and renewable energy source availability
    - Operational and technical challenges of shore power systems
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 ECOSYSTEM ANALYSIS
  • 5.5 PRICING ANALYSIS
    INDICATIVE PRICING OF SHORE POWER SYSTEM COMPONENTS, 2023
    INDICATIVE PRICING OF SHOWER POWER SYSTEMS, BY VESSEL, 2023
  • 5.6 INVESTMENT AND FUNDING SCENARIO
  • 5.7 SUPPLY CHAIN ANALYSIS
  • 5.8 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - High-voltage shore connection (HVSC) systems
    ADJACENT TECHNOLOGIES
    - Smart grid technologies
    - Modular shore power solutions
  • 5.9 KEY CONFERENCES AND EVENTS, 2024–2025
  • 5.10 TRADE ANALYSIS
    IMPORT SCENARIO (HS CODE 8504)
    EXPORT SCENARIO (HS CODE 8504)
  • 5.11 TARIFF AND REGULATORY LANDSCAPE
    TARIFF ANALYSIS (HS CODE 8504)
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    CODES AND REGULATIONS RELATED TO GLOBAL SHORE POWER MARKET
  • 5.12 PATENT ANALYSIS
  • 5.13 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.15 CASE STUDY ANALYSIS
    WASALINE IMPROVES ENERGY EFFICIENCY OF HYBRID ELECTRIC FERRY WITH DANFOSS DRIVES’ VACON 100 DRIVES
    SEAM AND DANFOSS DRIVES ASSIST NESODD FERRIES IN DELIVERING ZERO-EMISSION SERVICES TO COMMUTERS
    DANFOSS DRIVES RETROFITS SKULEBAS TRAINING VESSEL FOR GREENER AND MORE EFFICIENT FISHING PRACTICES
  • 5.16 IMPACT OF GENERATIVE AI/AI ON MARKET
  • 5.17 MACROECONOMIC OUTLOOK FOR MARKET
    IMPACT OF GDP ON MARKET
    RESEARCH AND DEVELOPMENT EXPENDITURE
    INVESTMENTS IN SHORE POWER SYSTEMS
    TRANSFORMATION OF POWER SECTOR THROUGH INVESTMENT IN SMART GRID TECHNOLOGY
SHORE POWER MARKET, BY INSTALLATION TYPE
96
  • 6.1 INTRODUCTION
  • 6.2 SHORESIDE
    RISING ADOPTION OF RENEWABLE ENERGY TO ACHIEVE SUSTAINABILITY GOALS TO DRIVE SEGMENTAL GROWTH
  • 6.3 SHIPSIDE
    PRESSING NEED TO REDUCE EMISSIONS AND MINIMIZE NOISE POLLUTION IN PORT AREAS TO ACCELERATE SEGMENTAL GROWTH
    BY VESSEL
    - Cruise
    - Ferry
    - Container vessel
    - Ro-Ro and vehicle carrier
    - Bulk carrier
    - Tanker
    - General cargo
    - Other vessels
SHORE POWER MARKET, BY CONNECTION TYPE
112
  • 7.1 INTRODUCTION
  • 7.2 NEW INSTALLATIONS
    RAPID TRANSITION OF SHIPPING INDUSTRY TOWARD ALTERNATIVE FUELS TO CREATE LUCRATIVE OPPORTUNITIES
  • 7.3 RETROFITS
    PRESSING NEED TO MODERNIZE SHIPPING FLEET TO SUPPORT MARKET GROWTH
SHORE POWER MARKET, BY COMPONENT
117
  • 8.1 INTRODUCTION
  • 8.2 FREQUENCY CONVERTERS
    ABILITY TO ENSURE SMOOTH OPERATION OF ONBOARD SYSTEMS BY OFFERING CORRECT FREQUENCY POWER TO ACCELERATE DEMAND
  • 8.3 TRANSFORMERS
    SIGNIFICANCE OF VOLTAGE REGULATION AND POWER DISTRIBUTION IN SHORE POWER SYSTEMS TO SPIKE DEMAND
  • 8.4 SWITCHGEAR DEVICES
    INCREASING FOCUS OF MARITIME INDUSTRY PLAYERS ON ELECTRIFICATION AND DECARBONIZATION TO BOOST DEMAND
  • 8.5 CABLES & ACCESSORIES
    RISING ADOPTION OF HIGHER VOLTAGE SHORE POWER SYSTEMS TO FUEL SEGMENTAL GROWTH
  • 8.6 OTHER COMPONENTS
SHORE POWER MARKET, BY POWER OUTPUT
126
  • 9.1 INTRODUCTION
  • 9.2 BELOW 30 MVA
    EMPHASIS OF CRUISE SHIPS AND FERRIES ON CURBING GHG EMISSIONS TO SPIKE DEMAND
  • 9.3 30–60 MVA
    NEED TO COMPLY WITH STRICT ENVIRONMENTAL REGULATIONS TO STIMULATE DEMAND
  • 9.4 ABOVE 60 MVA
    INCREASING INVESTMENT IN BUILDING HIGH-CAPACITY SHORE POWER FACILITIES TO FUEL SEGMENTAL GROWTH
    MARKET, BY REGION
SHORE POWER MARKET, BY REGION
132
  • 10.1 INTRODUCTION
  • 10.2 ASIA PACIFIC
    CHINA
    - Investment in developing technologically advanced shore power system components to support market growth
    INDIA
    - Adoption of cleaner fuels for port vehicles to create growth opportunities
    SOUTH KOREA
    - Substantial investment in green port initiatives to drive market
    AUSTRALIA
    - Initiatives to reduce greenhouse gas emissions from maritime activities to spur demand
    SINGAPORE
    - Strategic investments in port infrastructure to fuel market growth
    JAPAN
    - Significant focus on meeting international environmental standards to foster market growth
    REST OF ASIA PACIFIC
  • 10.3 NORTH AMERICA
    US
    - Clean energy transitions in transportation sector to accelerate demand
    CANADA
    - Funding initiatives by federal and provincial governments to reduce GHG emissions in ports to boost demand
    MEXICO
    - Significant focus on improving logistics infrastructure and reducing environmental impact to increase adoption
  • 10.4 EUROPE
    GERMANY
    - Emphasis on becoming leader in sustainable maritime practices to augment market growth
    UK
    - Adoption of Clean Maritime Plan to achieve net-zero emission goals to support market growth
    SWEDEN
    - Efforts to decarbonize maritime transport to propel market
    NETHERLANDS
    - Initiative of transforming ports into carbon-neutral hubs to stimulate demand
    NORWAY
    - Investments in green technologies to improve air quality in port areas to drive market
    REST OF EUROPE
  • 10.5 MIDDLE EAST & AFRICA
    GCC
    - Saudi Arabia
    - UAE
    - Rest of GCC
    EGYPT
    - Integration of renewable sources into shore power systems to drive market
    SOUTH AFRICA
    - Government focus on reducing maritime pollution to boost demand
    REST OF MIDDLE EAST & AFRICA
  • 10.6 SOUTH AMERICA
    BRAZIL
    - Extensive investments in renewable energy to create opportunities for shore power system providers
    ARGENTINA
    - Commitment to sustainability and reducing emissions in key port areas to drive market
    REST OF SOUTH AMERICA
COMPETITIVE LANDSCAPE
215
  • 11.1 INTRODUCTION
  • 11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024
  • 11.3 REVENUE ANALYSIS, 2019–2023
  • 11.4 MARKET SHARE ANALYSIS, 2023
  • 11.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 11.6 PRODUCT TYPE-/GEOGRAPHIC PRESENCE-WISE COMPARISON
  • 11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company footprint
    - Region footprint
    - Installation type footprint
    - Power output footprint
    - Connection type footprint
  • 11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - Detailed list of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 11.9 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES/DEVELOPMENTS
    DEALS
    EXPANSIONS
    OTHER DEVELOPMENTS
COMPANY PROFILES
242
  • 12.1 KEY PLAYERS
    GENERAL ELECTRIC COMPANY
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    SIEMENS
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    SCHNEIDER ELECTRIC
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    ABB
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    CAVOTEC SA
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    EATON
    - Business overview
    - Products offered
    - Recent developments
    VINCI ENERGIES
    - Business overview
    - Products offered
    - Recent developments
    WÄRTSILÄ
    - Business overview
    - Products offered
    - Recent developments
    HITACHI ENERGY LTD.
    - Business overview
    - Products offered
    - Recent developments
    DANFOSS
    - Business overview
    - Products offered
    - Recent developments
    WABTEC CORPORATION
    - Business overview
    - Products offered
    - Recent developments
    POWERCON A/S
    - Business overview
    - Products offered
    - Recent developments
    ESL POWER SYSTEMS, INC.
    - Business overview
    - Products offered
    IGUS
    - Business overview
    - Products offered
    BLUE DAY TECHNOLOGY
    - Business overview
    - Products offered
    - Recent developments
    WATTS MARINE
    - Business overview
    - Products offered
    - Recent developments
    AC POWER CORP.
    - Business overview
    - Products offered
    SMARTPLUG
    - Business overview
    - Products offered
    PILLER POWER SYSTEMS
    - Business overview
    - Products offered
    POWER SYSTEMS INTERNATIONAL
    - Business overview
    - Products offered
  • 12.2 OTHER PLAYERS
    MANTA MARINE TECHNOLOGIES
    CONNTEK INTEGRATED SOLUTIONS INC (U.S.A)
    PATTON & COOKE CO.
    RATIO ELECTRIC B.V.
    SYDNEY MARINE ELECTRICALS
APPENDIX
306
  • 13.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 13.2 DISCUSSION GUIDE
  • 13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 13.4 CUSTOMIZATION OPTIONS
  • 13.5 RELATED REPORTS
  • 13.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 SHORE POWER MARKET, BY INSTALLATION TYPE: INCLUSIONS AND EXCLUSIONS
  • TABLE 2 MARKET, BY CONNECTION TYPE: INCLUSIONS AND EXCLUSIONS
  • TABLE 3 MARKET, BY COMPONENT: INCLUSIONS AND EXCLUSIONS
  • TABLE 4 MARKET, BY POWER OUTPUT: INCLUSIONS AND EXCLUSIONS
  • TABLE 5 SHORE POWER MARKET SIZE ESTIMATION METHODOLOGY (DEMAND SIDE)
  • TABLE 6 MARKET: RISK ANALYSIS
  • TABLE 7 SNAPSHOT OF SHORE POWER MARKET
  • TABLE 8 SELECTED VOLUNTARY INITIATIVES FOR DECARBONIZING SHIPPING
  • TABLE 9 ESTIMATED COST FOR IMPLEMENTING SHORE POWER ON BOARD VESSELS, BY CAPACITY (USD)
  • TABLE 10 PORTS WITH CARBON-NEUTRAL AND SHORE POWER AMBITIONS OR TARGETS
  • TABLE 11 ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 12 INDICATIVE PRICING OF SHORE POWER SYSTEM COMPONENTS, 2023
  • TABLE 13 INDICATIVE PRICING OF SHORE POWER SYSTEMS, BY VESSEL, 2023
  • TABLE 14 MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2025
  • TABLE 15 IMPORT SCENARIO FOR HS CODE 8504-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD THOUSAND)
  • TABLE 16 EXPORT SCENARIO FOR HS CODE 8504-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD THOUSAND)
  • TABLE 17 IMPORT TARIFFS FOR HS 8504-COMPLIANT PRODUCTS, BY COUNTRY, 2023
  • TABLE 18 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 19 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 20 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 21 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 22 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 23 MARKET: CODES AND REGULATIONS
  • TABLE 24 MARKET: INNOVATIONS AND PATENT REGISTRATIONS, JANUARY 2020–DECEMBER 2023
  • TABLE 25 SHORE POWER MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 26 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 COMPONENTS
  • TABLE 27 KEY BUYING CRITERIA FOR TOP 3 COMPONENTS
  • TABLE 28 MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 29 SHORE POWER MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 30 SHORESIDE: POWER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 31 SHORESIDE: POWER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 32 SHIPSIDE: POWER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 33 SHIPSIDE: POWER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 34 SHIPSIDE: POWER MARKET, BY VESSEL, 2020–2023 (USD MILLION)
  • TABLE 35 SHIPSIDE: POWER MARKET, BY VESSEL, 2024–2029 (USD MILLION)
  • TABLE 36 CRUISE: POWER MARKET FOR SHIPSIDE INSTALLATIONS, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 37 CRUISE: POWER MARKET FOR SHIPSIDE INSTALLATIONS, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 38 FERRY: POWER MARKET FOR SHIPSIDE INSTALLATIONS, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 39 FERRY: POWER MARKET FOR SHIPSIDE INSTALLATIONS, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 40 CONTAINER VESSEL: MARKET FOR SHIPSIDE INSTALLATIONS, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 41 CONTAINER VESSEL: MARKET FOR SHIPSIDE INSTALLATIONS, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 42 RO-RO AND VEHICLE CARRIER: MARKET FOR SHIPSIDE INSTALLATIONS, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 43 RO-RO AND VEHICLE CARRIER: MARKET FOR SHIPSIDE INSTALLATIONS, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 44 BULK CARRIER: MARKET FOR SHIPSIDE INSTALLATIONS, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 45 BULK CARRIER: MARKET FOR SHIPSIDE INSTALLATIONS, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 46 TANKER: POWER MARKET FOR SHIPSIDE INSTALLATIONS, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 47 TANKER: POWER MARKET FOR SHIPSIDE INSTALLATIONS, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 48 GENERAL CARGO: POWER MARKET FOR SHIPSIDE INSTALLATIONS, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 49 GENERAL CARGO: POWER MARKET FOR SHIPSIDE INSTALLATIONS, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 50 OTHER VESSELS: POWER MARKET FOR SHIPSIDE INSTALLATIONS, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 51 OTHER VESSELS: POWER MARKET FOR SHIPSIDE INSTALLATIONS, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 52 MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 53 SHORE POWER MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 54 NEW INSTALLATIONS: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 55 NEW INSTALLATIONS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 56 RETROFITS: POWER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 57 RETROFITS: POWER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 58 MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 59 SHORE POWER MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 60 FREQUENCY CONVERTERS: POWER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 61 FREQUENCY CONVERTERS: POWER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 62 TRANSFORMERS: POWER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 63 TRANSFORMERS: POWER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 64 SWITCHGEAR DEVICES: POWER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 65 SWITCHGEAR DEVICES: POWER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 66 CABLES & ACCESSORIES: POWER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 67 CABLES & ACCESSORIES: POWER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 68 OTHER COMPONENTS: POWER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 69 OTHER COMPONENTS: POWER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 70 MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION)
  • TABLE 71 SHORE POWER MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION)
  • TABLE 72 BELOW 30 MVA: POWER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 73 BELOW 30 MVA: POWER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 74 30–60 MVA: POWER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 75 30–60 MVA: POWER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 76 ABOVE 60 MVA: POWER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 77 ABOVE 60 MVA: POWER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 78 MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 79 SHORE POWER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 80 ASIA PACIFIC: SHORE POWER MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 81 ASIA PACIFIC: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 82 ASIA PACIFIC: MARKET FOR SHIPSIDE INSTALLATIONS, BY VESSEL, 2020–2023 (USD MILLION)
  • TABLE 83 ASIA PACIFIC: MARKET FOR SHIPSIDE INSTALLATIONS, BY VESSEL, 2024–2029 (USD MILLION)
  • TABLE 84 ASIA PACIFIC: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 85 ASIA PACIFIC: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 86 ASIA PACIFIC: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 87 ASIA PACIFIC: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 88 ASIA PACIFIC: MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION)
  • TABLE 89 ASIA PACIFIC: MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION)
  • TABLE 90 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 91 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 92 CHINA: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 93 CHINA: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 94 CHINA: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 95 CHINA: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 96 CHINA: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 97 CHINA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 98 INDIA: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 99 INDIA: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 100 INDIA: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 101 INDIA: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 102 INDIA: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 103 INDIA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 104 SOUTH KOREA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 105 SOUTH KOREA: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 106 SOUTH KOREA: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 107 SOUTH KOREA: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 108 SOUTH KOREA: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 109 SOUTH KOREA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 110 AUSTRALIA: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 111 AUSTRALIA: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 112 AUSTRALIA: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 113 AUSTRALIA: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 114 AUSTRALIA: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 115 AUSTRALIA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 116 SINGAPORE: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 117 SINGAPORE: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 118 SINGAPORE: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 119 SINGAPORE: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 120 SINGAPORE: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 121 SINGAPORE: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 122 JAPAN: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 123 JAPAN: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 124 JAPAN: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 125 JAPAN: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 126 JAPAN: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 127 JAPAN: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 128 REST OF ASIA PACIFIC: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 129 REST OF ASIA PACIFIC: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 130 REST OF ASIA PACIFIC: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 131 REST OF ASIA PACIFIC: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 132 REST OF ASIA PACIFIC: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 133 REST OF ASIA PACIFIC: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 134 NORTH AMERICA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 135 NORTH AMERICA: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 136 NORTH AMERICA: MARKET FOR SHIPSIDE INSTALLATIONS, BY VESSEL, 2020–2023 (USD MILLION)
  • TABLE 137 NORTH AMERICA: MARKET FOR SHIPSIDE INSTALLATIONS, BY VESSEL, 2024–2029 (USD MILLION)
  • TABLE 138 NORTH AMERICA: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 139 NORTH AMERICA: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 140 NORTH AMERICA: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 141 NORTH AMERICA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 142 NORTH AMERICA: MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION)
  • TABLE 143 NORTH AMERICA: MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION)
  • TABLE 144 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 145 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 146 US: SHORE POWER MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 147 US: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 148 US: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 149 US: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 150 US: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 151 US: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 152 CANADA: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 153 CANADA: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 154 CANADA: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 155 CANADA: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 156 CANADA: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 157 CANADA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 158 MEXICO: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 159 MEXICO: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 160 MEXICO: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 161 MEXICO: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 162 MEXICO: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 163 MEXICO: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 164 EUROPE: SHORE POWER MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 165 EUROPE: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 166 EUROPE: MARKET FOR SHIPSIDE INSTALLATIONS, BY VESSEL, 2020–2023 (USD MILLION)
  • TABLE 167 EUROPE: MARKET FOR SHIPSIDE INSTALLATIONS, BY VESSEL, 2024–2029 (USD MILLION)
  • TABLE 168 EUROPE: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 169 EUROPE: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 170 EUROPE: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 171 EUROPE: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 172 EUROPE: MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION)
  • TABLE 173 EUROPE: MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION)
  • TABLE 174 EUROPE: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 175 EUROPE: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 176 GERMANY: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 177 GERMANY: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 178 GERMANY: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 179 GERMANY: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 180 GERMANY: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 181 GERMANY: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 182 UK: SHORE POWER MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 183 UK: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 184 UK: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 185 UK: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 186 UK: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 187 UK: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 188 SWEDEN: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 189 SWEDEN: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 190 SWEDEN: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 191 SWEDEN: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 192 SWEDEN: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 193 SWEDEN: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 194 NETHERLANDS: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 195 NETHERLANDS: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 196 NETHERLANDS: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 197 NETHERLANDS: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 198 NETHERLANDS: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 199 NETHERLANDS: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 200 NORWAY: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 201 NORWAY: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 202 NORWAY: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 203 NORWAY: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 204 NORWAY: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 205 NORWAY: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 206 REST OF EUROPE: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 207 REST OF EUROPE: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 208 REST OF EUROPE: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 209 REST OF EUROPE: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 210 REST OF EUROPE: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 211 REST OF EUROPE: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 212 MIDDLE EAST & AFRICA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 213 MIDDLE EAST & AFRICA: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 214 MIDDLE EAST & AFRICA: MARKET FOR SHIPSIDE INSTALLATIONS, BY VESSEL, 2020–2023 (USD MILLION)
  • TABLE 215 MIDDLE EAST & AFRICA: MARKET FOR SHIPSIDE INSTALLATIONS, BY VESSEL, 2024–2029 (USD MILLION)
  • TABLE 216 MIDDLE EAST & AFRICA: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 217 MIDDLE EAST & AFRICA: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 218 MIDDLE EAST & AFRICA: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 219 MIDDLE EAST & AFRICA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 220 MIDDLE EAST & AFRICA: MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION)
  • TABLE 221 MIDDLE EAST & AFRICA: MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION)
  • TABLE 222 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 223 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 224 GCC: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 225 GCC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 226 SAUDI ARABIA: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 227 SAUDI ARABIA: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 228 SAUDI ARABIA: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 229 SAUDI ARABIA: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 230 SAUDI ARABIA: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 231 SAUDI ARABIA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 232 UAE: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 233 UAE: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 234 UAE: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 235 UAE: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 236 UAE: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 237 UAE: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 238 REST OF GCC: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 239 REST OF GCC: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 240 REST OF GCC: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 241 REST OF GCC: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 242 REST OF GCC: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 243 REST OF GCC: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 244 EGYPT: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 245 EGYPT: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 246 EGYPT: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 247 EGYPT: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 248 EGYPT: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 249 EGYPT: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 250 SOUTH AFRICA: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 251 SOUTH AFRICA: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 252 SOUTH AFRICA: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 253 SOUTH AFRICA: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 254 SOUTH AFRICA: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 255 SOUTH AFRICA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 256 REST OF MIDDLE EAST & AFRICA: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 257 REST OF MIDDLE EAST & AFRICA: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 258 REST OF MIDDLE EAST & AFRICA: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 259 REST OF MIDDLE EAST & AFRICA: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 260 REST OF MIDDLE EAST & AFRICA: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 261 REST OF MIDDLE EAST & AFRICA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 262 SOUTH AMERICA: SHORE POWER MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 263 SOUTH AMERICA: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 264 SOUTH AMERICA: MARKET FOR SHIPSIDE INSTALLATIONS, BY VESSEL, 2020–2023 (USD MILLION)
  • TABLE 265 SOUTH AMERICA: MARKET FOR SHIPSIDE INSTALLATIONS, BY VESSEL, 2024–2029 (USD MILLION)
  • TABLE 266 SOUTH AMERICA: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 267 SOUTH AMERICA: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 268 SOUTH AMERICA: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 269 SOUTH AMERICA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 270 SOUTH AMERICA: MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION)
  • TABLE 271 SOUTH AMERICA: MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION)
  • TABLE 272 SOUTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 273 SOUTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 274 BRAZIL: SHORE POWER MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 275 BRAZIL: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 276 BRAZIL: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 277 BRAZIL: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 278 BRAZIL: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 279 BRAZIL: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 280 ARGENTINA: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 281 ARGENTINA: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 282 ARGENTINA: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 283 ARGENTINA: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 284 ARGENTINA: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 285 ARGENTINA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 286 REST OF SOUTH AMERICA: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 287 REST OF SOUTH AMERICA: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 288 REST OF SOUTH AMERICA: MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION)
  • TABLE 289 REST OF SOUTH AMERICA: MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION)
  • TABLE 290 REST OF SOUTH AMERICA: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 291 REST OF SOUTH AMERICA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
  • TABLE 292 SHORE POWER MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2021–2024
  • TABLE 293 MARKET: DEGREE OF COMPETITION, 2023
  • TABLE 294 MARKET: REGION FOOTPRINT
  • TABLE 295 MARKET: INSTALLATION TYPE FOOTPRINT
  • TABLE 296 MARKET: POWER OUTPUT FOOTPRINT
  • TABLE 297 MARKET: CONNECTION TYPE FOOTPRINT
  • TABLE 298 MARKET: LIST OF KEY STARTUPS/SMES
  • TABLE 299 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 300 MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, MARCH 2021–AUGUST 2024
  • TABLE 301 MARKET: DEALS, MARCH 2021–AUGUST 2024
  • TABLE 302 MARKET: EXPANSIONS, MARCH 2021–AUGUST 2024
  • TABLE 303 MARKET: OTHER DEVELOPMENTS, MARCH 2021–AUGUST 2024
  • TABLE 304 GENERAL ELECTRIC COMPANY: COMPANY OVERVIEW
  • TABLE 305 GENERAL ELECTRIC COMPANY: PRODUCTS OFFERED
  • TABLE 306 GENERAL ELECTRIC COMPANY: DEALS
  • TABLE 307 SIEMENS: COMPANY OVERVIEW
  • TABLE 308 SIEMENS: PRODUCTS OFFERED
  • TABLE 309 SIEMENS: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 310 SIEMENS: DEALS
  • TABLE 311 SIEMENS: OTHER DEVELOPMENTS
  • TABLE 312 SIEMENS: EXPANSIONS
  • TABLE 313 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
  • TABLE 314 SCHNEIDER ELECTRIC: PRODUCTS OFFERED
  • TABLE 315 SCHNEIDER ELECTRIC: DEALS
  • TABLE 316 SCHNEIDER ELECTRIC: EXPANSIONS
  • TABLE 317 ABB: COMPANY OVERVIEW
  • TABLE 318 ABB: PRODUCTS OFFERED
  • TABLE 319 ABB: PRODUCT LAUNCHES
  • TABLE 320 ABB: DEALS
  • TABLE 321 ABB: OTHER DEVELOPMENTS
  • TABLE 322 CAVOTEC SA: COMPANY OVERVIEW
  • TABLE 323 CAVOTEC SA: PRODUCTS OFFERED
  • TABLE 324 CAVOTEC SA: DEALS
  • TABLE 325 CAVOTEC SA: OTHER DEVELOPMENTS
  • TABLE 326 EATON: COMPANY OVERVIEW
  • TABLE 327 EATON: PRODUCTS OFFERED
  • TABLE 328 EATON: DEALS
  • TABLE 329 EATON: OTHER DEVELOPMENTS
  • TABLE 330 VINCI ENERGIES: COMPANY OVERVIEW
  • TABLE 331 VINCI ENERGIES: PRODUCTS OFFERED
  • TABLE 332 VINCI ENERGIES: DEALS
  • TABLE 333 WÄRTSILÄ: COMPANY OVERVIEW
  • TABLE 334 WÄRTSILÄ: PRODUCTS OFFERED
  • TABLE 335 WÄRTSILÄ: DEALS
  • TABLE 336 HITACHI ENERGY LTD.: COMPANY OVERVIEW
  • TABLE 337 HITACHI ENERGY LTD.: PRODUCTS OFFERED
  • TABLE 338 HITACHI ENERGY LTD.: DEVELOPMENTS
  • TABLE 339 DANFOSS: COMPANY OVERVIEW
  • TABLE 340 DANFOSS: PRODUCTS OFFERED
  • TABLE 341 DANFOSS: DEALS
  • TABLE 342 WABTEC CORPORATION: COMPANY OVERVIEW
  • TABLE 343 WABTEC CORPORATION: PRODUCTS OFFERED
  • TABLE 344 WABTEC CORPORATION: DEALS
  • TABLE 345 POWERCON A/S: COMPANY OVERVIEW
  • TABLE 346 POWERCON A/S: PRODUCTS OFFERED
  • TABLE 347 POWERCON A/S: DEALS
  • TABLE 348 ESL POWER SYSTEMS, INC.: COMPANY OVERVIEW
  • TABLE 349 ESL POWER SYSTEMS, INC.: PRODUCTS OFFERED
  • TABLE 350 IGUS: COMPANY OVERVIEW
  • TABLE 351 IGUS: PRODUCTS OFFERED
  • TABLE 352 BLUE DAY TECHNOLOGY: COMPANY OVERVIEW
  • TABLE 353 BLUE DAY TECHNOLOGY: PRODUCTS OFFERED
  • TABLE 354 BLUE DAY TECHNOLOGY: DEALS
  • TABLE 355 BLUE DAY TECHNOLOGY: OTHER DEVELOPMENTS
  • TABLE 356 WATTS MARINE: COMPANY OVERVIEW
  • TABLE 357 WATTS MARINE: PRODUCTS OFFERED
  • TABLE 358 WATTS MARINE: DEALS
  • TABLE 359 AC POWER CORP.: COMPANY OVERVIEW
  • TABLE 360 AC POWER CORP.: PRODUCTS OFFERED
  • TABLE 361 SMARTPLUG: BUSINESS OVERVIEW
  • TABLE 362 SMARTPLUG: PRODUCTS OFFERED
  • TABLE 363 PILLER POWER SYSTEMS: COMPANY OVERVIEW
  • TABLE 364 PILLER POWER SYSTEMS: PRODUCTS OFFERED
  • TABLE 365 POWER SYSTEMS INTERNATIONAL: COMPANY OVERVIEW
  • TABLE 366 POWER SYSTEMS INTERNATIONAL: PRODUCTS OFFERED
LIST OF FIGURES
 
  • FIGURE 1 SHORE POWER MARKET: RESEARCH DESIGN
  • FIGURE 2 KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR SHORE POWER SYSTEMS
  • FIGURE 3 MARKET: BOTTOM-UP APPROACH
  • FIGURE 4 MARKET: TOP-DOWN APPROACH
  • FIGURE 5 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF SHORE POWER SYSTEMS
  • FIGURE 6 SHORE POWER MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE)
  • FIGURE 7 MARKET: DATA TRIANGULATION
  • FIGURE 8 SHORESIDE SEGMENT TO HOLD MORE SIGNIFICANT SHARE OF SHORE POWER SYSTEM MARKET, BY INSTALLATION TYPE, DURING FORECAST PERIOD
  • FIGURE 9 RETROFITS SEGMENT TO LEAD MARKET, BY CONNECTION TYPE, THROUGHOUT FORECAST PERIOD
  • FIGURE 10 FREQUENCY CONVERTERS SEGMENT TO LEAD MARKET, BY COMPONENT, DURING FORECAST PERIOD
  • FIGURE 11 BELOW 30 MVA SEGMENT TO DOMINATE MARKET, BY POWER OUTPUT, THROUGHOUT FORECAST PERIOD
  • FIGURE 12 ASIA PACIFIC DOMINATED GLOBAL SHORE POWER MARKET IN 2023
  • FIGURE 13 INCREASING FOCUS OF MARITIME SECTOR ON SUSTAINABILITY AND DECARBONIZATION TO DRIVE MARKET
  • FIGURE 14 ASIA PACIFIC TO WITNESS HIGHEST CAGR IN GLOBAL MARKET DURING FORECAST PERIOD
  • FIGURE 15 CHINA HELD LARGEST SHARE OF ASIA PACIFIC MARKET IN 2023
  • FIGURE 16 SHORESIDE SEGMENT TO CAPTURE MAJOR MARKET SHARE IN 2029
  • FIGURE 17 RETROFITS SEGMENT TO DOMINATE MARKET IN 2029
  • FIGURE 18 FREQUENCY CONVERTERS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029
  • FIGURE 19 BELOW 30 MVA SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029
  • FIGURE 20 SHORE POWER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 21 CARBON DIOXIDE EMISSION, BY VESSEL, 2012–2023
  • FIGURE 22 GLOBAL INVESTMENT IN POWER SECTOR, 2019–2023
  • FIGURE 23 GLOBAL INVESTMENT IN INFRASTRUCTURE DEVELOPMENT, 2019–2029
  • FIGURE 24 GLOBAL CRUISE CAPACITY EXPANSION, 2016–2028
  • FIGURE 25 ELECTRICITY CAPACITY EXPANSION, BY RENEWABLE SOURCE, 2019–2028
  • FIGURE 26 CLEAN ENERGY SPENDING IN SELECTED REGIONS, 2023
  • FIGURE 27 MARKET: TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS
  • FIGURE 28 SHORE POWER MARKET: ECOSYSTEM ANALYSIS
  • FIGURE 29 FUNDING RAISED BY TOP PLAYERS IN MARKET
  • FIGURE 30 MARKET: SUPPLY CHAIN ANALYSIS
  • FIGURE 31 IMPORT DATA FOR HS CODE 8504-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2019–2023
  • FIGURE 32 EXPORT DATA FOR HS CODE 8504-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2019–2023
  • FIGURE 33 MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2014–2023
  • FIGURE 34 PORTER’S FIVE FORCES ANALYSIS FOR MARKET
  • FIGURE 35 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 COMPONENTS
  • FIGURE 36 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 COMPONENTS
  • FIGURE 37 IMPACT OF AI ON SHORE POWER SUPPLY CHAIN
  • FIGURE 38 SHORESIDE SEGMENT CAPTURED LARGER SHARE OF MARKET, BY INSTALLATION TYPE, IN 2023
  • FIGURE 39 RETROFITS SEGMENT HELD MAJORITY OF MARKET SHARE, BY CONNECTION TYPE, IN 2023
  • FIGURE 40 FREQUENCY CONVERTERS ACCOUNTED FOR LARGEST SHARE OF MARKET, BY COMPONENT, IN 2023
  • FIGURE 41 BELOW 30 MVA SEGMENT HELD LARGEST SHARE OF MARKET, BY POWER OUTPUT, IN 2023
  • FIGURE 42 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN MARKET FROM 2024 TO 2029
  • FIGURE 43 ASIA PACIFIC LED MARKET IN 2023
  • FIGURE 44 SNAPSHOT OF MARKET IN ASIA PACIFIC
  • FIGURE 45 SNAPSHOT OF MARKET IN NORTH AMERICA
  • FIGURE 46 MARKET: REVENUE ANALYSIS OF TOP 5 PLAYERS, 2019–2023
  • FIGURE 47 SHARE ANALYSIS OF PLAYERS IN MARKET, 2023
  • FIGURE 48 COMPANY VALUATION
  • FIGURE 49 FINANCIAL METRICS
  • FIGURE 50 PRODUCT TYPE-/GEOGRAPHIC PRESENCE-WISE COMPARISON
  • FIGURE 51 SHORE POWER MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 52 MARKET: COMPANY FOOTPRINT
  • FIGURE 53 MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
  • FIGURE 54 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
  • FIGURE 55 SIEMENS: COMPANY SNAPSHOT
  • FIGURE 56 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
  • FIGURE 57 ABB: COMPANY SNAPSHOT
  • FIGURE 58 CAVOTEC SA: COMPANY SNAPSHOT
  • FIGURE 59 EATON: COMPANY SNAPSHOT
  • FIGURE 60 VINCI ENERGIES: COMPANY SNAPSHOT
  • FIGURE 61 WÄRTSILÄ: COMPANY SNAPSHOT
  • FIGURE 62 HITACHI ENERGY LTD.: COMPANY SNAPSHOT
  • FIGURE 63 DANFOSS: COMPANY SNAPSHOT
  • FIGURE 64 WABTEC CORPORATION: COMPANY SNAPSHOT

 

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

Secondary Research

Secondary sources referred to for this research study include annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles by recognized authors; and databases of various companies and associations. Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both, market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, and related key executives from various companies and organizations operating in the shore powers market.

In the complete market engineering process, the top-down and bottom-up approaches, along with several data triangulation methods, were extensively used to perform the market size estimations and forecasts for all segments and subsegments listed in this report. Extensive qualitative and quantitative analyses were conducted to complete the market engineering process and list key information/insights throughout the report. Following is the breakdown of primary respondents:

Shore Power Market Size, and Share

Note: Other designations include sales managers, engineers, and regional managers.
The tier of the companies is defined based on their total revenue; as of 2023: Tier 1 = > USD 1 billion,
Tier 2 = From USD 500 million to USD 1 billion, and Tier 3 = < USD 500 million.

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

Market Size Estimation

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

Shore Power Market : Top-Down and Bottom-Up Approach

Shore Power Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained below, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. The market size was validated using the top-down and bottom-up approaches.

Market Definition

Shore power, also known as cold ironing or alternative maritime power (AMP), refers to the supply of electricity from the shore directly to a moored vessel, allowing it to switch off its own on-vessel diesel generators. It, therefore reduces fuel burning and greenhouse gas emissions in a berthed vessel. In addition, shore power has been applied in several types of vessels, among them, vessels cruising, transport ferries, container shipping, and tankers. The main drivers of shore power adoption are, therefore, environmental regulations, government initiatives, and calls for more sustainable and greener port operations, good ways to reduce noise and air pollution, thus improving health and safety conditions for port workers and other local communities. Advances in power management, renewable energy integration, and growth in investments related to port electrification are all resulting in growth in shore power.

Stakeholders

  • Government & research organizations
  • Institutional investors
  • Investors/Shareholders
  • Environmental research institutes
  • Manufacturers’ associations
  • Shore power manufacturers, dealers, and suppliers
  • Organizations, forums, alliances, and associations
  • Shore Power equipment manufacturing companies
  • Shore Power project developers
  • Government and research organizations
  • Universities and Research institutes

Report Objectives

  • To define, describe, segment, and forecast the shore power market by installation type, connection, component, power output, and region, in terms of value
  • To forecast the market size for four key regions: North America, Europe, Asia Pacific, Middle East & Africa and South America along with their country-level market sizes, in terms of value
  • To provide detailed information regarding key drivers, restraints, opportunities, and challenges influencing the market growth
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market size
  • To provide value chain analysis, ecosystem analysis, case study analysis, patent analysis, trade analysis, technology analysis, average selling price (ASP) analysis, Porter’s five forces analysis, and regulations pertaining to the market
  • To analyze opportunities for stakeholders in the market and draw a competitive landscape for market players
  • To strategically analyze the ecosystem, regulations, patents, and trading scenarios pertaining to the market
  • To benchmark players within the market using the company evaluation matrix, which analyzes market players on various parameters within the broad categories of business and product strategies
  • To compare key market players with respect to their market share, product specifications, and applications
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies2
  • To analyze competitive developments, such as contracts & agreements, investments & expansions, mergers & acquisitions, partnerships, and collaborations, in the market
  • To study the impact of AI/Gen AI on the market under study, along with the global macroeconomic outlook

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. 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

 

Previous Versions of this Report

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
Published in Apr, 2022, By MarketsandMarkets™

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
Published in Jun, 2020, By MarketsandMarkets™

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
Published in Jul, 2019, By MarketsandMarkets™

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Growth opportunities and latent adjacency in Shore Power Market

Martin

Jun, 2022

I would like to know more about the Shore Power Market size for the North America region for the 2022 to 2027 forecast year..

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