The global shore power market is expected to reach an estimated $2.9 billion by 2030 with a CAGR of 10.3% from 2024 to 2030.
The major drivers for this market are growing number of cruise liners in the maritime sector, expanding port infrastructure, and rising government regulations for reducing greenhouse emissions emitted by auxiliary diesel engines while docked. The future of the global shore power market looks promising with opportunities in the transformer, switchgear device, frequency converter, and cable & accessory markets.
Within this market, frequency converter is expected to witness the highest growth due to the fact that they help in cutting carbon emissions and reducing noise pollution.
APAC will remain the largest region over the forecast period due to rising number of terminals at port and investment in improving marine infrastructure.
Answer: The global shore power market is expected to reach an estimated $2.9 billion by 2030.
Q2. What is the growth forecast for shore power market?
Answer: The global shore power market is expected to grow with a CAGR of 10.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the shore power market?
Answer: The major drivers for this market are growing number of cruise liners in the maritime sector, expanding port infrastructure, and rising government regulations for reducing greenhouse emissions emitted by auxiliary diesel engines while docked.
Q4. What are the major segments for shore power market?
Answer: The future of the shore power market looks promising with opportunities in the transformer, switchgear device, frequency converter, and cable & accessory markets.
Q5. Who are the key shore power market companies?
Answer: Some of the key shore power companies are as follows:
Answer: The publisher forecasts that retrofit will remain the larger segment over the forecast period due to cheap installation costs as well as advances in equipment and technology.
Q7. In shore power market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising number of terminals at port and investment in improving marine infrastructure.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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The major drivers for this market are growing number of cruise liners in the maritime sector, expanding port infrastructure, and rising government regulations for reducing greenhouse emissions emitted by auxiliary diesel engines while docked. The future of the global shore power market looks promising with opportunities in the transformer, switchgear device, frequency converter, and cable & accessory markets.
Shore Power by Segment
The study includes a forecast for the global shore power by connection, installment type, component, and region.Shore Power Market by Connection [Shipment Analysis by Value from 2018 to 2030]:
- New Installation
- Retrofit
Shore Power Market by Installment Type [Shipment Analysis by Value from 2018 to 2030]:
- Shoreside
- Shipside
Shore Power Market by Component [Shipment Analysis by Value from 2018 to 2030]:
- Transformers
- Switchgear Devices
- Frequency Converters
- Cables & Accessories
- Others
Shore Power Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Shore Power Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies shore power companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the shore power companies profiled in this report include:- GE
- Siemens
- Schneider Electric
- ABB
- Eaton
- Conntek Integrated Solutions
- Piller Power Systems
- Power Systems
- Sydney Marine Electrical
- Ratio Electric
Shore Power Market Insights
Retrofit will remain the larger segment over the forecast period due to cheap installation costs as well as advances in equipment and technology.Within this market, frequency converter is expected to witness the highest growth due to the fact that they help in cutting carbon emissions and reducing noise pollution.
APAC will remain the largest region over the forecast period due to rising number of terminals at port and investment in improving marine infrastructure.
Features of the Global Shore Power Market
- Market Size Estimates: Shore power market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Shore power market size by connection, installment type, component, and region in terms of value ($B).
- Regional Analysis: Shore power market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different connections, installment types, components, and regions for the shore power market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the shore power market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the shore power market size?Answer: The global shore power market is expected to reach an estimated $2.9 billion by 2030.
Q2. What is the growth forecast for shore power market?
Answer: The global shore power market is expected to grow with a CAGR of 10.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the shore power market?
Answer: The major drivers for this market are growing number of cruise liners in the maritime sector, expanding port infrastructure, and rising government regulations for reducing greenhouse emissions emitted by auxiliary diesel engines while docked.
Q4. What are the major segments for shore power market?
Answer: The future of the shore power market looks promising with opportunities in the transformer, switchgear device, frequency converter, and cable & accessory markets.
Q5. Who are the key shore power market companies?
Answer: Some of the key shore power companies are as follows:
- GE
- Siemens
- Schneider Electric
- ABB
- Eaton
- Conntek Integrated Solutions
- Piller Power Systems
- Power Systems
- Sydney Marine Electrical
- Ratio Electric
Answer: The publisher forecasts that retrofit will remain the larger segment over the forecast period due to cheap installation costs as well as advances in equipment and technology.
Q7. In shore power market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising number of terminals at port and investment in improving marine infrastructure.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the shore power market by connection (new installation and retrofit), installment type (shoreside and shipside), component (transformers, switchgear devices, frequency converters, cables & accessories, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Shore Power Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- GE
- Siemens
- Schneider Electric
- ABB
- Eaton
- Conntek Integrated Solutions
- Piller Power Systems
- Power Systems
- Sydney Marine Electrical
- Ratio Electric
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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