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Shore Power Market Size Trends, Analysis, and Forecast till 2035

Publisher Prophecy Market Insights
Published Mar 01, 2024
Length 172 Pages
SKU # PRMI20292824

Description

The Shore Power Market Report offers an in-depth exploration of emerging market trends, driving factors, challenges, and key segments that shape the industry. It includes a thorough examination of regulatory frameworks, company profiles, and the latest industry developments. The report delves into product development, positioning strategies, and the impact of new technologies on the market landscape. By identifying challenges and opportunities, the report provides a detailed roadmap for market growth.

The shore power also known as cold ironing or alternative maritime power (AMP) is a technology that allows ships to plug into the electrical grid at port to power their onboard systems instead of using their diesel-powered engines or auxiliary generators. Governments and international organizations are imposing stricter regulations to reduce greenhouse gas emissions and air pollution from ships docked at ports, is estimated to impel shore power market growth.

Report Highlights:
  • Shore power market size is accounted for USD 3.8 Billion in 2025.
  • The target market size is expected to develop at a rate of USD 9.7 Billion by 2035, and growing at a CAGR of 10.8%.
  • Based on component, frequency converters are most leading segment in shore power market share.
  • By installation type, shoreside is anticipated as govern shore power market share.
  • Shore power market is dominated by new installation segment by connection type way.
  • Under power output, shore power market is governed by 30-60 MVA.
  • Asia Pacific is leading region in shore power market size.
  • North America is second leading region in target market growth.
Key Highlights
  • In November 2024, The Massachusetts Port Authority (Massport) announced investment in the Cruiseport, including USD 60 million for shore power. This investment aimed for sustainable maritime practices at the Port of Boston, which was significant for cruise industry and the surrounding community. Through this funding, ship-to-shore were installed for electric power in the cruise ships.
Report Analysis:

Shore Power Management for Maritime Transportation:
  • Shore power management in maritime transportation refers to the system that enables ships docked at ports to shut down their onboard diesel engines and connect to land-based electrical power. This process, also known as cold ironing or Alternative Maritime Power (AMP), is crucial for reducing greenhouse gas emissions, air pollutants, such as NOx, SOx, and particulate matter) and noise levels in and around busy ports.
  • Effective shore power management involves a complex integration of infrastructure both onshore and aboard vessels. On the port side, facilities include high-voltage power supply stations, frequency converters, and cable management systems that deliver consistent electricity safely. Onboard, ships require compatible electrical systems to receive and convert this power efficiently. Once docked, a ship is connected through specialized cables, and its power systems are coordinated with the onshore grid. This enables a seamless switch from internal power generation to external shore power without interrupting onboard operations.
Segmentation:

By Component:
  • Frequency Converters,
  • Transformers
  • Switchgear Devices
  • Cables & Accessories
  • Others
By Installation Type:
  • Shoreside
  • Shipside
  • Passenger Vessel
  • Merchant Vessel
  • Offshore Support Vessel
  • Specialized Vessel
By Connection Type:
  • New Installations
  • Retrofits
By Power Output:
  • Below 30 MVA
  • 30-60 MVA
  • Above 60 MVA
By Region:
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
  • Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa
Shore Power Market Companies:

Wärtsilä

Granite Shore Power

VINCI Energies

Dun & Bradstreet

Greener

ABB

Siemens

Schneider Electric

Cavotec SA

ESL Power Systems, Inc.

SCHOTTEL Group

Norwegian Electric Systems

Stemmann

BLUEDAY

Igus

What You’ll Gain from This Report:
  • Regional & Country-Specific Insights: Unlock detailed market share analysis across key regions and countries, empowering you to pinpoint growth opportunities and optimize your strategic positioning.
  • Guidance for Market Entry: Expert-backed strategies to overcome entry barriers, establish a foothold, and accelerate expansion in new or competitive markets.
  • Reliable Long-Term Forecasts: Data-driven projections from 2025 to 2035, including pivotal milestones for 2025, 2026, and 2030, ensuring confident, future-proof investments.
  • In-Depth Market Trend Analysis: Explore the forces shaping the industry—drivers, challenges, emerging opportunities, and risks—along with insights into high-growth sectors and potential obstacles.
  • Proven Business Strategies: Actionable, data-backed recommendations tailored to key market segments, helping you maximize profitability and outperform competitors.
  • Competitive Intelligence: Stay ahead with a clear view of industry trends, competitor strategies, and untapped market potential to refine your approach.
  • Exclusive Company Profiles: In-depth analysis of top market players, including business models, financial performance, strategic initiatives, and recent developments.
  • Innovative Supply Chain Trends: Discover the latest technological advancements transforming supply chains—boosting efficiency, cutting costs, and driving innovation.
This report provides the strategic intelligence you need to navigate a dynamic market landscape and make decisions that propel long-term success.

FAQs:

Key Questions Answered in the Report.

1. What was the Shore Power Market size in 2025?

2. What is projected growth rate of the Shore Power Market during 2025-2035?

3. What are the key factors driving the Shore Power Market growth?

4. What are leading players in the Shore Power Market ?

5. What are the key regions analyzed in the Shore Power Market ?

6. Which region is dominating in the Shore Power Market ?

Table of Contents

172 Pages
Research Objective and Assumption
Research Objectives
Assumptions
Abbreviations
Market Preview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Component
Market Snippet, By Installation Type
Market Snippet, By Connection Type
Market Snippet, By Power Output
Market Snippet, By Region
Opportunity Map Analysis
Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Market Trends
Product Launch
Merger and Acquisitions
Impact Analysis
PEST Analysis
Porter’s Analysis
Shore Power Management for Maritime Transpiration
Strategy for Shore Power in the Port of Rotterdam
Onshore Power Supply for Cruise Vessels
Market Segmentation, By Component, Forecast Period up to 10 Years, (USD Bn)
Overview
Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
Segment Trends
Frequency Converters
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Transformers
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Switchgear Devices, Cables & Accessories
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Others
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By Installation Type, Forecast Period up to 10 Years, (USD Bn)
Overview
Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
Segment Trends
Shoreside
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Shipside
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Passenger Vessel
Merchant Vessel
Offshore Support Vessel
Specialized Vessel
Market Segmentation, By Connection Type, Forecast Period up to 10 Years, (USD Bn)
Overview
Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
Segment Trends
New Installations
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Retrofits
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By Power Output, Forecast Period up to 10 Years, (USD Bn)
Overview
Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
Segment Trends
Below 30 MVA
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
30-60 MVA
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Above 60 MVA
Overview
Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)
Overview
Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
Regional Trends
North America
Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Installation Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Connection Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Power Output, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
U.S.
Canada
Asia Pacific
Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Installation Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Connection Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Power Output, Forecast Period up to 10
Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
China
India
Japan
Australia
Indonesia
Malaysia
South Korea
Rest of Asia Pacific
Europe
Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Installation Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Connection Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Power Output, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
Germany
U.K.
France
Russia
Italy
Spain
Netherlands
Rest of Europe
Latin America
Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Installation Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Connection Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Power Output, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa
Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Installation Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Connection Type, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Power Output, Forecast Period up to 10 Years
Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
GCC
Israel
South Africa
Rest of Middle East & Africa

Pricing

Currency Rates
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