Europe Shore Power Market

The report "Europe Shore Power Market By Installation Type (Shoreside, Shipside), Connection (New Installation, Retrofit), Component (Transformer, Switchgear, Frequency converter, Cables and Accessories, Others), Power Output - Forecast to 2030" is projected to reach USD 0.94 billion by 2030, at a CAGR of 10.8% between 2025 and 2030.

Browse 150 market data Tables and 150 Figures spread through 300 Pages and in-depth TOC on "Europe Shore Power Market By Installation Type (Shoreside, Shipside), Connection (New Installation, Retrofit), Component (Transformer, Switchgear, Frequency converter, Cables and Accessories, Others), Power Output - Forecast to 2030."
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A key reason fueling the demand for shore power solutions within Europe is the region’s accelerated drive towards decarbonization and tough maritime emission control measures. The European Union has adopted tougher measures as a result of its ‘Fit for 55 package, FuelEU Maritime proposal, and an extension of the Emissions Trading System (ETS) for shipping activities.’ As a result, there will be a steep increment in the price of shipping emissions within Europe, making shore power an economically attractive solution. Moreover, Europe’s approaching directive on connecting passenger and container ships with on-shore power supply at large seaports by 2030 will fuel compliance-driven demand.

Additionally, they are rolling out targeted incentives, port subsidies, and infrastructure funds to accelerate the shore power transition in Sweden, Norway, Germany, and the Netherlands. Numerous seaports are also incorporating alternative energy sources, such as wind and solar power, into shore power systems. These align with the broader intention of these respective nations to achieve a climate-neutral Europe. The collective push from regulations, shipping line sustainability goals, and seaport modernization initiatives has ensured that Europe emerges as one of the politically proactive shore power markets.

The retrofit segment is expected to hold the largest share in the Europe shore powermarket.

By connection, retrofit is expected to dominate the Europe shore power market, as there are already successful infrastructures in Europe that rely on renovations instead of rebuilding. As a result of the demands within the Fit for 55 and FuelEU Maritime regulations, existing shore terminals in Europe are primarily focusing on retrofitting as they seek swift and efficient methods to achieve compliance. Retrofitting shore terminals will enable them to incorporate new transformers and new connection systems without requiring rebuilding. As older shore terminals within Europe, including Germany, France, the Netherlands, and Spain, accelerate their transition towards shore connections due to strict regulation timelines, retrofitting leads to maximum demand.

The frequency converters segment, by component, is expected to hold the largest segment in the Europe shore power market.

The frequency converters market will hold the leading market share within the Europe shore power market due to regional vessel diversity and efforts at synchronizing shore-based electricity with shipboard power. A considerable number of Europe’s seaports operate on 50 Hz grid systems, and most international ships operate on 60Hz. Pressure from EU regulations on the adoption of shore-power connections at large seaports will result in an exponential increase in the demand for shore-power shore converters. Their applicability with regard to stable and safe mou-transfer identifies them as an integral element within shore-power connections at an EU shore.

Europe is expected to be the third-largest region in the shore power market.

Europe is expected to be the third-largest market in the shore power market. It will be viewed as a mature market with extensive shore power implementation in various prominent countries, such as Norway, Sweden, and Germany. Although Europe will be hindered by substantial regulations and sustainability goals, prime shore powers are already in place at various prominent seaports, and thus, large-scale shore powers will be restricted. Europe will remain a prominent, yet relatively low-growth market compared with emerging regions.
The Europe shore power market is dominated by major players that have a wide regional presence. Some of the key players include General Electric Company (US), Siemens (Germany), Schneider Electric (France), ABB (Switzerland), Cavotec SA (Switzerland), Eaton (Ireland), Wärtsilä (Finland), Hitachi Energy Ltd (Switzerland), among others.

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