A08580 | Pages: NA | Jul 2022 | 647 Views | | |
Author(s) : NA | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Shore Power Market
Request Now !While docked at port, ships require capacity to keep up their lights, warming, cooling, and other basic vessel capacities. Commonly, this force is given by running ship's diesel-powered auxiliary engines. Shore power, also called cold-ironing or marine force is the way toward giving electrical power from the shore to a boat while its docked, in this manner permitting ship's assistant motors to be turned off and burning of diesel fuel to cease. Shore power is an effective technology to reduce harmful air emission to improve air quality. Shore power saves consumption of fuel that would otherwise be used to power vessels while in port, and removes air pollution related with consumption of that fuel. The source for land-based power may be grid power from an electric utility company, but also probably an external remote generator. These generators may be powered by diesel or renewable energy sources such as wind or solar.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2019 –2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Billions (USD) |
Segments covered | Installation, Component, and Region |
Regions covered | North America (US and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia Pacific), LAMEA (Brazil, South Africa, and rest of LAMEA) |
Companies covered | Key players involved in the market include ABB (Switzerland), Siemens (Germany), Schneider (France), Wärtsilä (Finland), Cavotec (Switzerland), ESL Power (US), Igus (Germany), SmartPlug (US), Blueday Technology (Norway), Cochran Marine (US), VINCI (France), Preen (China), GE (US), Danfoss (Denmark). |
Covid-19 scenario analysis:
The shore power market is foreseen to grow during the forecast period attributable to driving variables, for example, expanding number of luxury ships in shipping business and establishment of retrofit shore power system. The establishment expense and maintenance hamper development of shore power demand. Government initiatives to reduce greenhouse gas emissions from ports provide significant opportunities for the shore power market. High maintenance cost and installation cost of shore power are factors that hinder growth of this market.
New product launches to flourish the market
Niedersachsen State's Ports Authority granted Siemens, an agreement to introduce the Siemens' Siharbor shore power supply framework at the offshore for vessel billet. The extent of the arrangement involved the incorporation of the transformer station, and an 8DJH MV switchgear. This helped the organization to customize, innovate, and upgrade the nature of its items and administrations. This agreement is backed by grant amount of €1.5M. Niedersachsen installed Siemens’ Siharbor shore power supply system at the offshore vessel berth, so vessels can "cold iron" instead of adding to pollution with emissions from auxiliary engines.
With more increasing cruise and shipping line industry, the need for shore power is increasing as well. Large scale ships increased the emission CO2, NOx, and in turn affect the surrounding environment of ports. Such effect on environment results in adoption of shore power system. Shore power provides electricity to the ships while at berth and reduces pollution. It declines the ship’s dependency over fossil fuels and reduce pollutant emissions. It saves the extra cost which spends on diesel.
Key segments covered:
Segments | Subsegments |
Installation |
|
Component |
|
Key benefits of the report:
Key Market Segments
Segments | Sub-segments |
---|---|
By Installation |
|
By Component |
|
By Region |
|
Key Market Players
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
Start reading.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers