13.3% CAGR - Shore Power Market high growth opportunity and Potential Threats

A new research document is added in HTF MI database of 200 pages, titled as 'Global Shore Power Market Size study with COVID-19 impact, by Installation (Shoreside and shipside), Connection (New installation and retrofit), by Component (Transformer, Switchgear, Frequency converter, Cables & accessories and Other) and Regional Forecasts 2020-2027' with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, Asia-Pacific, Europe, South America, Middle East & Africa and important players/vendors such as ABB, Siemens, Schneider Electric, Cavotec, ESL Power Systems etc. The Study will help you gain market insights, upcoming trends and influencing growth prospects for forecast period of 2020-2027.

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Summary
Global Shore Power Market is valued approximately at USD 1.40 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 13.3% over the forecast period 2020-2027. Shore power is also known as cold-ironing or alternative marine power. It is a process where electrical power is delivered to a ship from the shore while it is docked. The source power enables auxiliary engines of ships to be turned off which thereby significantly reduces the fuel cost. The increasing number of cruise liners in the shipping industries coupled with growing number of ocean cruise passengers is the factor driving the growth of market over the forecast years. For instance: as per Cruise Lines International Association, Inc., the number of ocean cruise passengers accounts for 26.7million in 2017 which is increased to 28.2 million till 2018 globally.

Whereas, the global spread of COVID-19 unfavorably affected the growth of market due to announcement of lockdown in various economies. Lockdown were framed with for prevention of people from corona virus to spread through trade and travel in foreign countries. Therefore, market growth will be slightly challenged due to the COVID-19 global pandemic.

Moreover, the market is presence of supportive government regarding reduction of greenhouse gas emission from ports is creating a lucrative opportunity for the market growth. However, high installation and maintenance cost of shore power is hampering the market growth.

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Major market player included in this report are:
ABB, Siemens, Schneider Electric, Cavotec, ESL Power Systems, Smartplug, Blueday Technology, Cochran Marine , VINCI Energies , AC Power corp

The detailed segments and sub-segment of the market are explained below:
By Installation:
Shoreside
Shipside

By Connection:
New installation
Retrofit

By Component:
Transformer
Switchgear
Frequency converter
Cables & accessories
Others

By Region:
North America, US, Canada, Mexico, Europe, Germany, France, Italy, UK, Spain , Rest of Europe, Asia Pacific, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Rest of South America, Middle East & Africa, Saudi Arabia, UAE, Qatar, South Africa, Rest of Middle East & Africa

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

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Target Audience of the Global Shore Power Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Shore power Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Shore power Market Dynamics
3.1. Shore power Market Impact Analysis (2018-2027)
Chapter 4. Global Shore power Market Industry Analysis
Chapter 5. Global Shore power Market, by Installation
Chapter 6. Global Shore power Market, by Connection
Chapter 7. Global Shore power Market, by Component
Chapter 8. Global Shore power Market, Regional Analysis
....Continued

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It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.

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