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
This latest report by business intelligence provider Visiongain assesses that Shore Power Market spending will reach $3.2 bn in 2029.
Shore power also known as cold ironing is the method of supplying electrical power to a ship at berth from the shore, enabling the auxiliary motors to be switched off. By plugging these motors in and shutting them off, shore power nearly eliminates diesel emissions and other air pollutants that would otherwise result from the onboard auxiliary motors of the vessel.
Ports are main centers for the motion of products and passengers from U.S. ships and are essential to the competitiveness, employment and financial prosperity of America’s businesses. Goods and passengers traveling through ports are expected to expand as are ship sizes owing to the opening in 2016 of the fresh Panama Canal locks and other variables. Some kinds of vessels may involve important energy while at berth, such as cruise, container, and refrigeration. This energy is produced typically by auxiliary diesel engines.
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.
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
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.
Read on to discover how you can exploit the future business opportunities emerging in this sector. Visiongain’s new study tells you and tells you NOW. The 210-pages report provides clear, detailed insight into the global Shore Power market. Discover the key drivers and challenges affecting the market.
By ordering and reading our brand-new report today, you stay better informed and ready to act.
The report delivers considerable added value by revealing:
47 tables, charts and graphs are analyzing and revealing the growth prospects and outlook for the Shore Power market.
Global Shore Power market forecasts and analysis from 2019-2029.
Shore Power market provides revenue estimates, forecasts and analysis from 2019-2029 for Shore Power submarkets:
Forecasts and analysis of Shore Power market by Component between 2019-2029
Auxiliary Power System Market, 2019-2029
Voltage Stabilizers Market, 2019-2029
Safety-interlocked Modules Market, 2019-2029
Mound Assemblies Market, 2019-2029
Transformer Market, 2019-2029
Switchgear Market, 2019-2029
Frequency Converter Market, 2019-2029
Cable & accessories Market, 2019-2029
Forecasts and analysis of Shore Power market by Installation between 2019-2029
Shoreside Market, 2019-2029
Shipside Market, 2019-2029
Merchant Vessel Market, 2019-2029
Specialized Vessel Market, 2019-2029
Passenger Ships Market, 2019-2029
Offshore Support Vessel Market, 2019-2029
Forecasts and analysis of Shore Power market by Vessel Type between 2019-2029
High Capacity Market, 2019-2029
Cruise only Market, 2019-2029
Cruise and Container Market, 2019-2029
Cruise and Reefer Market, 2019-2029
Container only Market, 2019-2029
Reefer only Market, 2019-2029
Low Capacity Market, 2019-2029
Fishing vessels Market, 2019-2029
Tugs Market, 2019-2029
Forecasts and analysis of Shore Power market by Connection between 2019-2029
New installation Market, 2019-2029
Shore side Market, 2019-2029
Shipside Market, 2019-2029
Retrofit Market, 2019-2029
Shore side Market, 2019-2029
Shipside Market, 2019-2029
Regional Shore Power market forecasts from 2019-2029 with drivers and restraints for the countries including:
Focused regional forecasts and analysis explore the future opportunities:
North America Market, 2019-2029
US Market, 2019-2029
Canada Market, 2019-2029
Europe Market, 2019-2029
The UK Market, 2019-2029
Germany Market, 2019-2029
France Market, 2019-2029
Italy Market, 2019-2029
Spain Market, 2019-2029
Rest of Europe Market, 2019-2029
Asia-Pacific Market, 2019-2029
China Market, 2019-2029
India Market, 2019-2029
Japan Market, 2019-2029
Australia & New Zealand Market, 2019-2029
Rest of Asia-Pacific Market, 2019-2029
LAMEA Market, 2019-2029
Latin America Market, 2019-2029
Middle East Market, 2019-2029
Africa Market, 2019-2029
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.
Company profiles for the leading Shore Power companies
Conclusions and recommendations which will aid decision-making
How will you benefit from this report?
Keep your knowledge base up to speed. Don’t get left behind
Reinforce your strategic decision-making with definitive and reliable market data
Learn how to exploit new technological trends
Realise your company’s full potential within the market
Understand the competitive landscape and identify potential new business opportunities & partnerships
Who should read this report?
Anyone with involvement in the Shore Power
Arbitrage companies and divisions
Energy price reporting companies
Energy company managers
Energy company executives and analysts
Heads of strategic development
Business development managers
Visiongain’s study is intended for anyone requiring commercial analyses for the global shore power market analysis and leading companies. You find data, trends and predictions.
Buy our report today the Shore Power Market Forecast 2019-2029. Avoid missing out by staying informed – get our report now.
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CCR Ref number: KD4R6
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