This strategic assessment report provides a comprehensive analysis that reflects today’s Shore Power Market realities and future possibilities for the forecast period of 2021 to 2026.

Stratview Research announces the launch of a new research report on the Shore Power Market is Segmented by Connection Type (New Installation and Retrofit), by Component Type (Transformer, Switchgear, Frequency Converter, Cables & Accessories, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Shore Power Market consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.

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Report Features

The report delivers a detailed view of the industry based on global Shore Power Market size, market growth, and opportunities. The report also analyses market key aspects such as-

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Covid-19 Impact analysis.
  • Market environment analysis: Growth drivers and constraints, and SWOT analysis.
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players

Highlights from the Report

Shore Power Market is likely to witness an impressive CAGR of 13.6% during the forecast period. The major drivers propelling the growth of the market are the increasing number of cruise liners in the shipping industry, the reduction of low-frequency noise and emissions at ports, and installation of retrofit shore power systems.

Regional Analysis:

In terms of regions, Asia-Pacific is estimated to account for the largest share of the shore power market during the forecast period and is expected to remain dominant during the same period. The region’s growth is driven by countries such as China, whose container capacity clocked around 250 million standards in 2020. Additionally, China is seen with a promising growth to be the seventh out of the ten largest ports during the forecast period. Other regions such as North America and Europe are also expected to mark their presence in the shore power market during the forecast period driven by increase in installation of retrofit and low-frequency noise reduction & emission at the port.

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According to the report, the key players of the market are –

  • Siemens
  • Wartsila
  • ABB
  • Schneider Electric
  • Cavotec

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