“From an estimated $1.2bn in 2019, the worldwide shore power market is expected to achieve $3.2bn by 2029”, says Visiongain report

05 September 2019
Energy

Visiongain’s new report the Shore Power Market Report 2019-2029: Forecasts by Vessel Type (High Capacity, Cruise only, Cruise and Container, Cruise and Reefer, Container Only, Reefer Only, Low Capacity, Fishing vessels, Tugs), by Installation (Shoreside, Shipside, Merchant Vessel, Specialized Vessel, Passenger Ships, Offshore Support Vessel), by Connection (New Installation, Shoreside, Shipside, Retrofit, Shoreside, Shipside), By Component (Auxiliary Power System, Voltage Stabilizers, Safety-interlocked Modules, Mound Assemblies, Transformer, Switchgear, Frequency Converter, Cable & Accessories) Plus Leading Company Analysis and Regional and Leading National Market Analysis.

From an estimated USD 1.2 billion in 2019, the worldwide shore power market is expected to achieve USD 3.2 billion by 2029 at a CAGR of 14.8 percent during the forecast period. This development can be ascribed to variables such as reducing low-frequency noise and ports pollution, growing number of shipping cruise liners, and installing retrofit shore energy systems

Shore power or "cold-ironing" allows vessels at dock or in dry dock to use shore-side electricity usually from a local power grid through a port substation to power electronic systems including fuel devices; loading and unloading; and to discontinue the use of their auxiliary motors. This electricity source switch eliminates air emissions connected with the use of auxiliary motors and moves the air emission burden to local grid power generation equipment. The assumption is that electric generation facilities have more diversified energy sources including green power sources such as solar, hydro-, biomass and wind power, and have better emission controls for NOx. It is therefore critical that you have your timescales correct and your forecasting plans ready. This report will ensure that you do. Visiongain’s report will ensure that you keep informed and ahead of your competitors. Gain that competitive advantage.

Increasingly, ports are installing onshore power supplies (OPS) to deliver electric power to berthed ships to meet tighter air emission limits. This is being helped by the development of International Electrotechnical Commission (IEC) international standards for high-voltage and low-voltage (HV / LV) OPS systems.

Market Overview and Trends

Shore power can reduce ship pollutant emissions at the dock considerably. Under the correct conditions when a ship is attached to shore power, total pollutant emissions can be decreased by up to 98% when using electricity from the national electricity grid (depending on the energy mix).

For a specific ship, when attached to shore power, the potential emission reduction advantages can be estimated at berth. Factors such as the quantity of moment actually linked, the rate of power consumption, energy expenses and complete berth time are defined in the evaluation and relate to the general shore power efficiency. Because these variables need to be assessed for each scenario, total emission reductions may vary. The assessment suggests that shore power may be most effective when applied at terminals and ports with a high percentage of frequently returning vessels, typically cruise ships and container ships

Market Dynamics:

Factors Influencing the Market Growth:

Shore power can significantly decrease emissions of air pollutants associated with harmful impacts on human health, environmental harm, and climate change. Despite these advantages, there are a number of obstacles to the use of shore power. It may be cheaper to run auxiliary motors instead of connecting to shore power, depending on the comparative expenses of marine bunker fuels to shore-side electricity. Furthermore, fleets must have the required infrastructure on the vessel side to connect to shore power systems, requiring significant investment. These obstacles can be overcome by further studies into how shore power or sophisticated emission reduction techniques can be implemented or encouraged.

Factors Restraining the Market Growth:

Barriers to the installation of shore power include expenses of infrastructure and electricity. Shore power needs infrastructure on the land, improvements to the electrical grid and changes to the ship. The comparative expense of using shore power instead of the fuel sources of a vessel is more appealing when the price of fuel is higher than the price of electricity

Leading Regional & National Analysis

European ferries are often bigger than their US counterparts and operate on longer paths. As such, charging times tend to be longer and higher demands on auxiliary engines. In the Netherlands, Stena Line, which runs a ferry terminal at Hoek van Holland, Rotterdam, has built two shore power berths and ordered four ferries (2 RORO, 2 ROPAX) to run on the shore in 2012. At their Swartz Bay Ferry Terminal, Seaspan Ferries Corporation has introduced a shore power scheme that offers daily commercial truck and trailer service between the mainland and Vancouver Island. Transport Canada given a grant of $89,500 for a total of $179,300 in project expenses. The shore power scheme is expected to decrease greenhouse gas emissions by 120 tonnes per year at the Chinese Transport Ministry terminal, announcing that seven terminals will start testing shore power implementations, including cruise, bulk and container terminals.28 Three ships will be used to test shore power emission reductions and operational difficulties, including a 10,000 TEU. Chinese officials anticipate NOx emission reductions of 99% and PM reductions of 3-17% compared to standard HFO ships.

Application of shore power for commercial marine vessels in the United States is relatively new and at present, not commonly available.

There are presently ten ports using high-voltage systems serving cruise, container and refrigerated ("refer") ships, and six ports serving tugs and fishing boats using low-voltage technologies. Although the technology in the business industry is comparatively new, the U.S. has effectively used shore power. Navy for centuries and is part of the Navy's Incentivized Shipboard Energy Conservation Program Vessels that commonly call the same ports and stay at berth for longer periods of time are possibly the best shore power applications

Many ports do not have adequate infrastructure for connecting shore power parts to ships. Vessel-side infrastructure can be retrofitted to connect ships to port shore power systems. International shore power requirements are in place to make selecting the right materials easier for ports.

Barriers to the installation of shore power include expenses of infrastructure and electricity. Shore power needs infrastructure on the land, improvements to the electrical grid and changes to the ship. The comparative expense of using shore power instead of the fuel sources of a vessel is more appealing when the price of fuel is higher than the price of electricity

Shore power can significantly decrease emissions of air pollutants associated with harmful impacts on human health, environmental harm, and climate change. Despite these advantages, there are a number of obstacles to the use of shore power. It may be cheaper to run auxiliary motors instead of connecting to shore power, depending on the comparative expenses of marine bunker fuels to shore-side electricity. Furthermore, fleets must have the required infrastructure on the vessel side to connect to shore power systems, requiring significant investment. These obstacles can be overcome by further studies into how shore power or sophisticated emission reduction techniques can be implemented or encouraged

Leading Players

Smartplug 
Blueday Technology 
Cochran Marine 
Vinci Energies 
ABB 
Siemens 
Schneider Electric 
Wärtsilä 
Cavotec 
ESL Power Systems 
IGUS 

The comprehensive report offers market estimation and forecast for the period ranging 2019 – 2029 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of advanced energy storage systems.

The Shore Power Market Report 2019-2029 report will be of value to anyone who wants to better understand the energy storage market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the energy industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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