Global Shore Power Market

Global Shore Power Market Size, Trends & Analysis - Forecasts to 2026 By Component (Switchgear Devices, Cables and Accessories, Frequency Converters, Transformers, Others), By Installation (Shoreside, Shipside), By Connection (Retrofit, New By Installation), By Region (North America, Europe, Asia Pacific, MEA, CSA); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis

Category Energy & Power

Format

This report was recently updated on April 18 2024 with the latest and most recent market numbers

Shore Power Market Insights

The global shore power market is estimated to witness a significant CAGR during the forecast period (2020-2026). The growing demand for frequency converters to match shipside and shoreside frequencies and rise in sea trade and cruise-based tourism are some of the major factors driving the market growth during the forecast period. Shore power is a method of supplying electrical power from the shore to a ship at berth, allowing the auxiliary engines to switch off. It eliminates the fuel emissions and other air pollutants and saves consumption of fuel that would otherwise be used to power vessels while in port. However, the high initial investment for shore power component manufacturers and installation & maintenance costs are some of the factors hampering the growth of the market.

Shore Power Market Size: By Installation

Based on installation, the shore power market is segmented into shoreside installation and shipside installation. Shoreside installation segment is expected to hold the largest market share during the forecast period due to the high installation cost and the requirement for additional electrical components on the shoreside. The additional components make the shore power systems more flexible to meet the power requirements of different types of vessels.

Shore Power Market Size: By Connection

Based on connection, the shore power market is segmented into new installation and retrofit. The new installation segment is expected to hold the largest market share during the forecast period.

Shore Power Market Size: By Component

Based on component, the shore power market is segmented into transformers, switchgear devices, frequency converters, and cables and accessories, among others. The frequency converters are estimated to grow at the highest CAGR during the forecast period.

Shore Power Market Size: By Region

Based on region, the global shore power market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. The Asia Pacific region is projected to grow at a high CAGR during the forecast period due to the growth of the maritime industry, rising sea trade, stringent emission regulations, and rising concerns over air pollution. Moreover, with the presence of major manufacturing industries, the Asia Pacific region experiences a lot of vessel movement throughout the year which fuels the growth of the shore power market in the region. Furthermore, North America region is also expected to witness considerable growth during the forecast period.

Shore Power Market Share & Competitor Analysis

Some of the key players operating in the global shore power market include: ABB, Vinci Energies, Danfoss, Esl Power Systems, Schneider Electric, Cavotec, Wartsila, Cochran Marine. Preen, Smartplug, Piller Power Systems, Igus, Blueday Technology, Ratio Electric, Ocean Electrics, Sydney Marine Electrical, Power Systems International, Conntek Integrated Solutions, and Patton And Cooke, among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In April 2020, Blueday Technology signed an agreement with Sandnes port wherein Blueday Technologies would be delivering complete shore power solutions to the latter. The contract focused on reducing the emissions of greenhouse gases from the port

Check the Press Release on Global Shore Power Market Report

Shore Power Market: By Component

Introduction
1. Shore Power Market, By Component, 2020-2026 (USD Million)
Switchgear Devices
1. Switchgear Devices : Shore Power Market, 2020-2026 (USD Million)
Cables and Accessories
1. Cables and Accessories: Shore Power Market, 2020-2026 (USD Million)
Frequency Converters
1. Frequency Converters : Shore Power Market, 2020-2026 (USD Million)
Transformers
1. Transformers: Shore Power Market, 2020-2026 (USD Million)
Others
1. Others : Shore Power Market, 2020-2026 (USD Million)

Shore Power Market: By Installation

Introduction
1. Shore Power Market, By Installation, 2020-2026 (USD Million)
Shoreside
1. Shoreside: Shore Power Market, 2020-2026 (USD Million)
Shipside
1. Shipside: Shore Power Market, 2020-2026 (USD Million)

Shore Power Market: By Connection

Introduction
1. Shore Power Market, By Connection, 2020-2026 (USD Million)
Retrofit
1. Retrofit: Shore Power Market, 2020-2026 (USD Million)
New Installation
1. New Installation: Shore Power Market, 2020-2026 (USD Million)

Shore Power Market: By Region

Introduction
1. Global Shore Power Market, Regional Analysis, 2020-2026 (USD Million)
North America
1. 1. North America Shore Power Market, Regional Analysis, 2020-2026 (USD Million)
  2. By Component
    1. North America Shore Power Market, By Component, 2020-2026 (USD Million)
  3. By Installation
    1. North America Shore Power Market, By Installation, 2020-2026 (USD Million)
  4. By Connection
    1. North America Shore Power Market, By Connection, 2020-2026 (USD Million)
  5. By Country
    1. U.S
      1. By Component
        
        U.S. Shore Power Market, By Component, 2020-2026 (USD Million)
      2. By Installation
        
        U.S. Shore Power Market, By Installation, 2020-2026 (USD Million)
      3. By Connection
        
        U.S. Shore Power Market, By Connection, 2020-2026 (USD Million)
    2. Canada.
      1. By Component
        
        Canada Shore Power Market, By Component, 2020-2026 (USD Million)
      2. By Installation
        
        Canada Shore Power Market, By Installation, 2020-2026 (USD Million)
      3. By Connection
        
        Canada Shore Power Market, By Connection, 2020-2026 (USD Million)
    3. Mexico
      1. By Component
        
        Mexico Shore Power Market, By Component, 2020-2026 (USD Million)
      2. By Installation
        
        Mexico Shore Power Market, By Installation, 2020-2026 (USD Million)
      3. By Connection
        
        Mexico Shore Power Market, By Connection, 2020-2026 (USD Million)
Europe
1. Europe Shore Power Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. Europe Shore Power Market, By Component, 2020-2026 (USD Million)
  2. By Installation
    1. Europe Shore Power Market, By Installation, 2020-2026 (USD Million)
  3. By Connection
    1. Europe Shore Power Market, By Connection, 2020-2026 (USD Million)
  4. By Country
    1. Germany
      1. By Component
        
        Germany Shore Power Market, By Component, 2020-2026 (USD Million)
      2. By Installation
        
        Germany Shore Power Market, By Installation, 2020-2026 (USD Million)
      3. By Connection
        
        Germany Shore Power Market, By Connection, 2020-2026 (USD Million)
    2. UK
      1. By Component
        
        UK Shore Power Market, By Component, 2020-2026 (USD Million)
      2. By Installation
        
        UK Shore Power Market, By Installation, 2020-2026 (USD Million)
      3. By Connection
        
        UK Shore Power Market, By Connection, 2020-2026 (USD Million)
    3. France
      1. By Component
        
        France Shore Power Market, By Component, 2020-2026 (USD Million)
      2. By Installation
        
        France Shore Power Market, By Installation, 2020-2026 (USD Million)
      3. By Connection
        
        France Shore Power Market, By Connection, 2020-2026 (USD Million)
    4. Italy
      1. By Component
        
        Italy Shore Power Market, By Component, 2020-2026 (USD Million)
      2. By Installation
        
        Italy Shore Power Market, By Installation, 2020-2026 (USD Million)
      3. By Connection
        
        Italy Shore Power Market, By Connection, 2020-2026 (USD Million)
Asia Pacific
1. Asia Pacific Shore Power Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. Asia Pacific Shore Power Market, By Component, 2020-2026 (USD Million)
  2. By Installation
    1. Asia Pacific Shore Power Market, By Installation, 2020-2026 (USD Million)
  3. By Connection
    1. Asia Pacific Shore Power Market, By Connection, 2020-2026 (USD Million)
  4. By Country
    1. China
      1. By Component
        
        China Shore Power Market, By Component, 2020-2026 (USD Million)
      2. By Installation
        
        China Shore Power Market, By Installation, 2020-2026 (USD Million)
      3. By Connection
        
        China Shore Power Market, By Connection, 2020-2026 (USD Million)
    2. Japan
      1. By Component
        
        Japan Shore Power Market, By Component, 2020-2026 (USD Million)
      2. By Installation
        
        Japan Shore Power Market, By Installation, 2020-2026 (USD Million)
      3. By Connection
        
        Japan Shore Power Market, By Connection, 2020-2026 (USD Million)
    3. India
      1. By Component
        
        India Shore Power Market, By Component, 2020-2026 (USD Million)
      2. By Installation
        
        India Shore Power Market, By Installation, 2020-2026 (USD Million)
      3. By Connection
        
        India Shore Power Market, By Connection, 2020-2026 (USD Million)
    4. South Korea
      1. By Component
        
        South Korea Shore Power Market, By Component, 2020-2026 (USD Million)
      2. By Installation
        
        South Korea Shore Power Market, By Installation, 2020-2026 (USD Million)
      3. By Connection
        
        South Korea Shore Power Market, By Connection, 2020-2026 (USD Million)
    5. Rest Of Apac
      1. By Component
        
        Rest Of Apac, Shore Power Market, By Component, 2020-2026 (USD Million)
      2. By Installation
        
        Rest Of Apac Shore Power Market, By Installation, 2020-2026 (USD Million)
      3. By Connection
        
        Rest Of Apac Shore Power Market, By Connection, 2020-2026 (USD Million)
Central & South America
1. Central & South America Shore Power Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. Central & South America Shore Power Market, By Component, 2020-2026 (USD Million)
  2. By Installation
    1. Central & South America Shore Power Market, By Installation, 2020-2026 (USD Million)
  3. By Connection
    1. Central & South America Shore Power Market, By Connection, 2020-2026 (USD Million)
  4. By Country
    1. Brazil
      1. By Component
        
        Brazil Shore Power Market, By Component, 2020-2026 (USD Million)
      2. By Installation
        
        Brazil Shore Power Market, By Installation, 2020-2026 (USD Million)
      3. By Connection
        
        Brazil Shore Power Market, By Connection, 2020-2026 (USD Million)
2. Middle East & Africa
  1. Middle East & Africa Shore Power Market, Regional Analysis, 2020-2026 (USD Million)
    1. By Component
      1. Middle East & Africa Shore Power Market, By Component, 2020-2026 (USD Million)
    2. By Installation
      1. Middle East & Africa Shore Power Market, By Installation, 2020-2026 (USD Million)
    3. By Connection
      1. Middle East & Africa Shore Power Market, By Connection, 2020-2026 (USD Million)
    4. By Country
      1. Saudi Arabia
        
        By Component
        
        Saudi Arabia Shore Power Market, By Component, 2020-2026 (USD Million)
        
        By Installation
        
        Saudi Arabia Shore Power Market, By Installation, 2020-2026 (USD Million)
        
        By Connection
        
        Saudi Arabia Shore Power Market, By Connection, 2020-2026 (USD Million)
      2. UAE
        
        By Component
        
        UAE Shore Power Market, By Component, 2020-2026 (USD Million)
        
        By Installation
        
        UAE Shore Power Market, By Installation, 2020-2026 (USD Million)
        
        By Connection
        
        UAE Shore Power Market, By Connection, 2020-2026 (USD Million)

The global Shore Power Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Shore Power Market.

Shore Power Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Shore Power Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Shore Power Market