Table of Content


"1    INTRODUCTION    32
1.1    STUDY OBJECTIVES    32
1.2    MARKET DEFINITION    32
1.3    INCLUSIONS AND EXCLUSIONS    33
1.3.1    SHORE POWER MARKET, BY INSTALLATION TYPE:
INCLUSIONS AND EXCLUSIONS    33
1.3.2    SHORE POWER MARKET, BY CONNECTION: INCLUSIONS AND EXCLUSIONS    33
1.3.3    SHORE POWER MARKET, BY COMPONENT: INCLUSIONS AND EXCLUSIONS    33
1.3.4    SHORE POWER MARKET, BY POWER OUTPUT: INCLUSIONS AND EXCLUSIONS    34
1.4    STUDY SCOPE    34
1.4.1    MARKETS COVERED    34
1.4.2    REGIONAL SCOPE    35
1.4.3    YEARS CONSIDERED    35
1.5    CURRENCY    36
1.6    LIMITATIONS    36
1.7    STAKEHOLDERS    36
1.8    SUMMARY OF CHANGES    37
2    RESEARCH METHODOLOGY    38
2.1    RESEARCH DATA    38
FIGURE 1    SHORE POWER MARKET: RESEARCH DESIGN    39
2.1.1    SECONDARY DATA    40
2.1.1.1    Key data from secondary sources    40
2.1.2    PRIMARY DATA    40
2.1.2.1    Key data from primary sources    41
2.1.2.2    Breakdown of primary interviews    41
FIGURE 2    BREAKDOWN OF PRIMARY INTERVIEWS    42
2.2    DATA TRIANGULATION    43
2.2.1    SHORE POWER MARKET ANALYSIS THROUGH PRIMARY INTERVIEWS    43
FIGURE 3    DATA TRIANGULATION METHODOLOGY    43
2.3    MARKET SIZE ESTIMATION    44
2.3.1    BOTTOM-UP APPROACH    44
FIGURE 4    MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    44
2.3.2    TOP-DOWN APPROACH    45
FIGURE 5    MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    45
2.3.3    DEMAND SIDE METRICS    46
FIGURE 6    MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING
DEMAND FOR SHORE POWER    46
2.3.4    CALCULATION FOR DEMAND SIDE METRICS    46
2.3.5    RESEARCH ASSUMPTIONS FOR DEMAND SIDE METRICS    47
2.3.6    SUPPLY SIDE ANALYSIS    47
FIGURE 7    KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF
SHORE POWER SYSTEMS    47
FIGURE 8    SHORE POWER MARKET: SUPPLY SIDE ANALYSIS    48
2.3.6.1    Supply side calculation    48
2.3.6.2    Assumptions for supply side    48
2.3.7    FORECAST    48
2.4    LIMITATIONS    49
2.5    ASSUMPTION    49
3    EXECUTIVE SUMMARY    50
TABLE 1    SNAPSHOT OF SHORE POWER MARKET    51
FIGURE 9    SHORESIDE SEGMENT TO HOLD LARGER SHARE OF SHORE POWER MARKET, BY INSTALLATION TYPE, DURING FORECAST PERIOD    52
FIGURE 10    RETROFIT SEGMENT TO LEAD SHORE POWER MARKET, BY CONNECTION, DURING FORECAST PERIOD    52
FIGURE 11    FREQUENCY CONVERTERS SEGMENT TO LEAD SHORE POWER MARKET,
BY COMPONENT, DURING FORECAST PERIOD    53
FIGURE 12    UP TO 30 MVA SEGMENT TO HOLD LARGEST SHARE OF SHORE POWER MARKET, BY POWER OUTPUT, DURING FORECAST PERIOD    53
FIGURE 13    ASIA PACIFIC TO DOMINATE SHORE POWER MARKET, BY REGION,
DURING FORECAST PERIOD    54
4    PREMIUM INSIGHTS    55
4.1    ATTRACTIVE OPPORTUNITIES IN SHORE POWER MARKET    55
FIGURE 14    RISING NEED FOR REDUCING CARBON EMISSIONS CAUSED
BY PORT OPERATIONS TO PROPEL GROWTH OF SHORE POWER MARKET DURING FORECAST PERIOD    55
4.2    SHORE POWER MARKET IN ASIA PACIFIC, BY INSTALLATION TYPE AND COUNTRY    56
FIGURE 15    SHORESIDE SEGMENT AND CHINA HELD LARGEST SHARES OF
ASIA PACIFIC SHORE POWER MARKET IN 2021    56
4.3    SHORE POWER MARKET, BY INSTALLATION TYPE    57
FIGURE 16    SHORESIDE SEGMENT HELD LARGER SHARE OF SHORE
POWER MARKET IN 2021    57
4.4    SHORE POWER MARKET, BY CONNECTION    57
FIGURE 17    RETROFIT SEGMENT HELD MAJOR SHARE OF SHORE POWER
MARKET IN 2021    57
4.5    SHORE POWER MARKET, BY COMPONENTS    58
FIGURE 18    FREQUENCY CONVERTERS SEGMENT HELD LARGEST SHARE OF
SHORE POWER MARKET IN 2021    58
4.6    SHORE POWER MARKET, BY POWER OUTPUT    58
FIGURE 19    UP TO 30 MVA SEGMENT HELD LARGEST SHARE OF SHORE
POWER MARKET IN 2021    58

4.7    SHORE POWER MARKET, BY REGION    59
FIGURE 20    ASIA PACIFIC SHORE POWER MARKET TO REGISTER HIGHEST CAGR
DURING FORECAST PERIOD    59
5    MARKET OVERVIEW    60
5.1    INTRODUCTION    60
5.2    MARKET DYNAMICS    60
FIGURE 21    SHORE POWER MARKET: DRIVERS, RESTRAINTS,
OPPORTUNITIES, AND CHALLENGES    60
5.2.1    DRIVERS    61
5.2.1.1    Growing noise and air pollution from port operations    61
FIGURE 22    SHORE POWER IMPLEMENTATION, BY COUNTRY, 2022    61
5.2.1.2    Increasing cruise passenger traffic    61
FIGURE 23    GLOBAL RISE IN CRUISE PASSENGER TRAFFIC, 2016-2021    62
5.2.1.3    Rising government-led initiatives to reduce greenhouse emissions from port operations    62
5.2.2    RESTRAINTS    63
5.2.2.1    Requirement of high capital expenditure    63
5.2.2.2    Increased onshore power for shipping amid significant
cost challenges    63
FIGURE 24    PROJECTED SHORE POWER ELECTRICITY GENERATION CAPACITY WORLDWIDE IN GIGAWATTS (2021–2050)    64
5.2.3    OPPORTUNITIES    64
5.2.3.1    Retrofitting old ships and ports with shore power technology    64
FIGURE 25    SHORE POWER SYSTEM RATES IN SELECTED COUNTRIES AND
REGIONS, 2016–2030    65
5.2.3.2    Integration of shore power systems with offshore wind, floating solar, and other renewables    65
5.2.4    CHALLENGES    65
5.2.4.1    Low fuel costs and minimal returns    65
5.2.4.2    Operational and technical challenges    66
5.3    PORTER’S FIVE FORCES ANALYSIS    66
TABLE 2    IMPACT OF PORTERS FIVE FORCES ON SHORE POWER MARKET    66
FIGURE 26    PORTER’S FIVE FORCES ANALYSIS: SHORE POWER MARKET    67
5.3.1    THREAT OF SUBSTITUTES    67
5.3.2    THREAT OF NEW ENTRANTS    67
5.3.3    BARGAINING POWER OF SUPPLIERS    67
5.3.4    BARGAINING POWER OF BUYERS    68
5.3.5    INTENSITY OF COMPETITION RIVALRY    68
5.4    KEY STAKEHOLDERS AND BUYING CRITERIA    68
5.4.1    KEY STAKEHOLDERS IN BUYING PROCESS    68
FIGURE 27    INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
OF TOP 3 COMPONENTS    68
TABLE 3    INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
OF TOP 3 COMPONENTS (%)    68
5.4.2    BUYING CRITERIA    69
FIGURE 28    KEY BUYING CRITERIA FOR TOP 3 COMPONENTS    69
TABLE 4    KEY BUYING CRITERIA FOR TOP 3 COMPONENTS    69
5.5    COVID-19 IMPACT ANALYSIS    70
5.5.1    IMPACT ON SHIPPING INDUSTRY    70
5.6    VALUE CHAIN ANALYSIS    71
FIGURE 29    VALUE CHAIN MODEL FOR SHORE POWER MARKET    71
5.6.1    SHORE POWER MANUFACTURERS AND DEVELOPERS    71
5.6.2    PORT AUTHORITIES    71
5.6.3    SHIPPING INDUSTRY    72
5.6.4    GOVERNMENT REGULATIONS    72
5.7    TECHNOLOGY ANALYSIS    72
5.7.1    WIRELESS SHORE POWER    72
5.7.2    SHORE POWER EMISSION CALCULATOR (SPEC)    73
5.8    KEY CONFERENCES & EVENTS IN 2022-2023    73
TABLE 5    SHORE POWER MARKET: DETAILED LIST OF CONFERENCES AND EVENTS    73
5.9    MARKET MAP    76
FIGURE 30    MARKET MAP: SHORE POWER MARKET    76
TABLE 6    SHORE POWER MARKET: ECOSYSTEM    76
5.10    PATENT ANALYSIS    77
TABLE 7    SHORE POWER MARKET: INNOVATIONS AND PATENT REGISTRATIONS    77
5.11    CASE STUDY ANALYSIS    79
5.11.1    CAVOTECS SHORE POWER SOLUTIONS REDUCE EMISSIONS
AT SHIPPING PORTS    79
5.11.2    ELECTRICITY GENERATION ON SHIPS IS CO2 INTENSIVE AND LIKELY TO GROW IN FUTURE IF PROPER MEASURES ARE NOT TAKEN    79
5.12    TRADE ANALYSIS    80
5.12.1    TRADE ANALYSIS FOR TRANSFORMERS    80
5.12.2    EXPORT SCENARIO    80
TABLE 8    EXPORT SCENARIO FOR HS CODE 8504, BY COUNTRY, 2019–2021 (USD)    80
5.12.3    IMPORT SCENARIO    81
TABLE 9    IMPORT SCENARIO FOR HS CODE 8504, BY COUNTRY, 2019–2021 (USD)    81
5.12.4    TRADE ANALYSIS FOR CABLES    82
5.12.5    EXPORT SCENARIO    82
TABLE 10    EXPORT SCENARIO FOR HS CODES 7605 AND 7614, BY COUNTRY,
2019–2021 (USD)    83
5.12.6    IMPORT SCENARIO    84
TABLE 11    IMPORT SCENARIO FOR HS CODES 7605 AND 7614, BY COUNTRY,
2019–2021 (USD)    84
5.12.7    TRADE ANALYSIS FOR ACCESSORIES    85
5.12.8    EXPORT SCENARIO    85
TABLE 12    EXPORT SCENARIO FOR HS CODE 8505, BY COUNTRY, 2019–2021 (USD)    85

5.12.9    IMPORT SCENARIO    86
TABLE 13    IMPORT SCENARIO FOR HS CODE 8505, BY COUNTRY, 2019–2021 (USD)    86
5.12.10    TRADE ANALYSIS FOR OTHERS    87
5.12.11    EXPORT SCENARIO    87
TABLE 14    EXPORT SCENARIO FOR HS CODE 8536, BY COUNTRY, 2019–2021 (USD)    88
5.12.12    IMPORT SCENARIO    89
TABLE 15    IMPORT SCENARIO FOR HS CODE 8536, BY COUNTRY, 2019–2021 (USD)    89
5.13    AVERAGE SELLING PRICE    90
5.13.1    AVERAGE SELLING PRICES FOR COMPONENTS RELATED TO SHORE POWER SYSTEMS IN INDIA, 2022    90
5.14    TARIFFS, CODES, AND REGULATIONS    90
5.14.1    TARIFFS RELATED TO SHORE POWER MARKET    90
TABLE 16    IMPORT TARIFFS FOR SHORE POWER MARKET    90
5.14.2    REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS    91
TABLE 17    NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    91
TABLE 18    EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    92
TABLE 19    ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    92
5.15    SHORE POWER MARKET: CODES AND REGULATIONS    93
5.16    TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS    94
5.16.1    REVENUE SHIFT AND NEW REVENUE POCKETS FOR
SHORE POWER COMPANIES    94
FIGURE 31    REVENUE SHIFT FOR SHORE POWER MARKET    94
6    SHORE POWER MARKET, BY INSTALLATION TYPE    95
6.1    INTRODUCTION    96
FIGURE 32    SHORE POWER MARKET, BY INSTALLATION TYPE, 2021    96
TABLE 20    SHORE POWER MARKET, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)    96
6.2    SHORESIDE    97
6.2.1    INCREASING SHORESIDE INSTALLATION TO REDUCE CARBON EMISSIONS TO DRIVE MARKET GROWTH    97
TABLE 21    SHORE POWER MARKET FOR SHORESIDE, BY REGION,
2020–2027 (USD MILLION)    97
6.3    SHIPSIDE    97
6.3.1    NEED FOR FEW COMPONENTS TO BE INSTALLED ON SHIPS TO INCREASE PREFERENCE FOR SHIPSIDE INSTALLATION    97
TABLE 22    SHORE POWER MARKET FOR SHIPSIDE, BY REGION,
2020–2027 (USD MILLION)    98

7    SHORE POWER MARKET, BY CONNECTION    99
7.1    INTRODUCTION    100
FIGURE 33    SHORE POWER MARKET, BY CONNECTION, 2021    100
TABLE 23    SHORE POWER MARKET, BY CONNECTION, 2020–2027 (USD MILLION)    100
7.2    NEW INSTALLATION    101
7.2.1    STRINGENT GOVERNMENT RULES AND LOW INSTALLATION COSTS TO
DRIVE MARKET GROWTH    101
TABLE 24    SHORE POWER MARKET FOR NEW INSTALLATION CONNECTION, BY REGION, 2020–2027 (USD MILLION)    101
7.3    RETROFIT    102
7.3.1    FUEL EFFICIENCY AND NEW ECO-DESIGN FEATURES TO FUEL DEMAND FOR RETROFIT SOLUTIONS    102
TABLE 25    SHORE POWER MARKET FOR RETROFIT CONNECTION, BY REGION,
2020–2027 (USD MILLION)    102
8    SHORE POWER MARKET, BY COMPONENT    103
8.1    INTRODUCTION    104
FIGURE 34    SHORE POWER MARKET, BY COMPONENT, 2021    104
TABLE 26    SHORE POWER MARKET, BY COMPONENT, 2020–2027 (USD MILLION)    104
8.2    TRANSFORMERS    105
8.2.1    SMOOTH OPERATIONAL FEATURE OF TRANSFORMERS TO FUEL THEIR DEMAND GLOBALLY    105
TABLE 27    SHORE POWER MARKET FOR TRANSFORMERS, BY REGION,
2020–2027 (USD MILLION)    105
8.3    SWITCHGEAR DEVICES    106
8.3.1    RISING EMPHASIS ON ELECTRICAL SAFETY AT SHORESIDE AND SHIPSIDE TO FUEL DEMAND FOR SWITCHGEAR DEVICES    106
TABLE 28    SHORE POWER MARKET FOR SWITCHGEAR DEVICES, BY REGION,
2020–2027 (USD MILLION)    106
8.4    FREQUENCY CONVERTERS    106
8.4.1    CONSUMPTION OF LESS FUEL AND REDUCED AIR AND NOISE POLLUTION ARE FACTORS DRIVING DEMAND FOR FREQUENCY CONVERTERS    106
TABLE 29    SHORE POWER MARKET FOR FREQUENCY CONVERTERS, BY REGION,
2020–2027 (USD MILLION)    107
8.5    CABLES AND ACCESSORIES    107
8.5.1    GROWING NEED TO ENSURE PROPER TRANSMISSION VIA CABLES AND ACCESSORIES TO DRIVE MARKET GROWTH    107
TABLE 30    SHORE POWER MARKET FOR CABLES AND ACCESSORIES, BY REGION, 2020–2027 (USD MILLION)    108
8.6    OTHERS    108
TABLE 31    SHORE POWER MARKET FOR OTHERS, BY REGION,
2020–2027 (USD MILLION)    108

9    SHORE POWER MARKET, BY POWER OUTPUT    109
9.1    INTRODUCTION    110
FIGURE 35    UP TO 30 MVA SEGMENT HELD LARGEST SHARE OF SHORE
POWER MARKET IN 2021    110
TABLE 32    SHORE POWER MARKET, BY POWER OUTPUT, 2020–2027 (USD MILLION)    110
9.2    UP TO 30 MVA    111
9.2.1    LOW CAPEX AND COMPACT DIMENSION ARE FACTORS INCREASING DEMAND FOR SHORE POWER SYSTEMS WITH UP TO 30 MVA POWER OUTPUT    111
TABLE 33    SHORE POWER MARKET FOR UP TO 30 MVA, BY REGION,
2020–2027 (USD MILLION)    111
9.3    30–60 MVA    111
9.3.1    INCREASING REQUIREMENT FOR LARGE AND EXTRA-LARGE SHIPS TO FUEL DEMAND FOR SHORE POWER SYSTEMS WITH 30–60 MVA POWER OUTPUT    111
TABLE 34    SHORE POWER MARKET FOR 30–60 MVA, BY REGION,
2020–2027 (USD MILLION)    112
9.4    ABOVE 60 MVA    112
9.4.1    GROWING NEED FOR SUPPLYING POWER SIMULTANEOUSLY TO MULTIPLE SHIPS TO FUEL DEMAND FOR SHORE POWER SYSTEMS WITH ABOVE
60 MVA POWER OUTPUT    112
TABLE 35    SHORE POWER MARKET FOR ABOVE 60 MVA, BY REGION,
2020–2027 (USD MILLION)    112
10    GEOGRAPHIC ANALYSIS    113
10.1    INTRODUCTION    114
FIGURE 36    ASIA PACIFIC SHORE POWER MARKET TO REGISTER HIGHEST CAGR
FROM 2022 TO 2027    114
FIGURE 37    SHORE POWER MARKET, BY REGION, 2021    114
TABLE 36    SHORE POWER MARKET, BY REGION, 2020–2027 (USD MILLION)    115
10.2    ASIA PACIFIC    115
10.2.1    COVID-19 IMPACT    115
FIGURE 38    SNAPSHOT: SHORE POWER MARKET IN ASIA PACIFIC    116
TABLE 37    SHORE POWER MARKET IN ASIA PACIFIC, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    116
TABLE 38    SHORE POWER MARKET IN ASIA PACIFIC, BY CONNECTION,
2020–2027 (USD MILLION)    117
TABLE 39    SHORE POWER MARKET IN ASIA PACIFIC, BY COMPONENT,
2020–2027 (USD MILLION)    117
TABLE 40    SHORE POWER MARKET IN ASIA PACIFIC, BY POWER OUTPUT,
2020–2027 (USD MILLION)    117
TABLE 41    SHORE POWER MARKET IN ASIA PACIFIC, BY COUNTRY,
2020–2027 (USD MILLION)    118
10.2.2    CHINA    118
10.2.2.1    Rise in number of low-carbon shore power projects to
drive market growth in China    118
TABLE 42    SHORE POWER MARKET IN CHINA, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    119
TABLE 43    SHORE POWER MARKET IN CHINA, BY CONNECTION,
2020–2027 (USD MILLION)    119
TABLE 44    SHORE POWER MARKET IN CHINA, BY COMPONENT,
2020–2027 (USD MILLION)    119
10.2.3    INDIA    120
10.2.3.1    Rising power demand from major ports to drive market
growth in India    120
TABLE 45    SHORE POWER MARKET IN INDIA, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    120
TABLE 46    SHORE POWER MARKET IN INDIA, BY CONNECTION,
2020–2027 (USD MILLION)    120
TABLE 47    SHORE POWER MARKET IN INDIA, BY COMPONENT,
2020–2027 (USD MILLION)    121
10.2.4    SOUTH KOREA    121
10.2.4.1    Growing need to reduce emissions from vessels berthed at ports to drive market growth in South Korea    121
TABLE 48    SHORE POWER MARKET IN SOUTH KOREA, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    121
TABLE 49    SHORE POWER MARKET IN SOUTH KOREA, BY CONNECTION,
2020–2027 (USD MILLION)    122
TABLE 50    SHORE POWER MARKET IN SOUTH KOREA, BY COMPONENT,
2020–2027 (USD MILLION)    122
10.2.5    AUSTRALIA    122
10.2.5.1    Increasing renewable shore power projects to drive market growth    122
TABLE 51    SHORE POWER MARKET IN AUSTRALIA, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    123
TABLE 52    SHORE POWER MARKET IN AUSTRALIA, BY CONNECTION,
2020–2027 (USD MILLION)    123
TABLE 53    SHORE POWER MARKET IN AUSTRALIA, BY COMPONENT,
2020–2027 (USD MILLION)    123
10.2.6    SINGAPORE    124
10.2.6.1    Increasing deployment of shore power technology at bunkering ports to drive market growth in Singapore    124
TABLE 54    SHORE POWER MARKET IN SINGAPORE, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    124
TABLE 55    SHORE POWER MARKET IN SINGAPORE, BY CONNECTION,
2020–2027 (USD MILLION)    124
TABLE 56    SHORE POWER MARKET IN SINGAPORE, BY COMPONENT,
2020–2027 (USD MILLION)    125
10.2.7    JAPAN    125
10.2.7.1    Increasing investment in startups offering shore power solutions to drive the shore power market in Japan    125
TABLE 57    SHORE POWER MARKET IN JAPAN, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    125
TABLE 58    SHORE POWER MARKET IN JAPAN, BY CONNECTION,
2020–2027 (USD MILLION)    126
TABLE 59    SHORE POWER MARKET IN JAPAN, BY COMPONENT,
2020–2027 (USD MILLION)    126
10.2.8    REST OF ASIA PACIFIC    126
TABLE 60    SHORE POWER MARKET IN REST OF ASIA PACIFIC, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)    127
TABLE 61    SHORE POWER MARKET IN REST OF ASIA PACIFIC, BY CONNECTION,
2020–2027 (USD MILLION)    127
TABLE 62    SHORE POWER MARKET IN REST OF ASIA PACIFIC, BY COMPONENT,
2020–2027 (USD MILLION)    128
10.3    NORTH AMERICA    128
10.3.1    COVID 19 IMPACT    129
FIGURE 39    SNAPSHOT: SHORE POWER MARKET IN NORTH AMERICA    129
10.3.2    BY INSTALLATION TYPE    130
TABLE 63    SHORE POWER MARKET IN NORTH AMERICA, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    130
10.3.3    BY CONNECTION    130
TABLE 64    SHORE POWER MARKET IN NORTH AMERICA, BY CONNECTION,
2020–2027 (USD MILLION)    130
10.3.4    BY COMPONENT    130
TABLE 65    SHORE POWER MARKET IN NORTH AMERICA, BY COMPONENT,
2020–2027 (USD MILLION)    130
TABLE 66    SHORE POWER MARKET IN NORTH AMERICA, BY POWER OUTPUT,
2020–2027 (USD MILLION)    131
10.3.5    BY COUNTRY    131
TABLE 67    SHORE POWER MARKET IN NORTH AMERICA, BY COUNTRY,
2020–2027 (USD MILLION)    131
10.3.6    US    131
10.3.6.1    Increasing tourism and trade activities to drive market growth in US    131
10.3.7    BY INSTALLATION TYPE    132
TABLE 68    SHORE POWER MARKET IN US, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    132
10.3.8    BY CONNECTION    132
TABLE 69    SHORE POWER MARKET IN US, BY CONNECTION, 2020–2027 (USD MILLION)    132
10.3.9    BY COMPONENT    133
TABLE 70    SHORE POWER MARKET IN US, BY COMPONENT, 2020–2027 (USD MILLION)    133
10.3.10    CANADA    133
10.3.10.1    Increased investments in oil and gas projects to boost demand for shore power systems    133
10.3.11    BY INSTALLATION TYPE    134
TABLE 71    SHORE POWER MARKET IN CANADA, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    134
10.3.12    BY CONNECTION    134
TABLE 72    SHORE POWER MARKET IN CANADA, BY CONNECTION,
2020–2027 (USD MILLION)    134
10.3.13    BY COMPONENT    134
TABLE 73    SHORE POWER MARKET IN CANADA, BY COMPONENT,
2020–2027 (USD MILLION)    134

10.3.14    MEXICO    135
10.3.14.1    Large presence of energy resources and infrastructure development to boost market growth in Mexico    135
10.3.15    BY INSTALLATION TYPE    135
TABLE 74    SHORE POWER MARKET IN MEXICO, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    135
10.3.16    BY CONNECTION    135
TABLE 75    SHORE POWER MARKET IN MEXICO, BY CONNECTION,
2020–2027 (USD MILLION)    135
10.3.17    BY COMPONENT    136
TABLE 76    SHORE POWER MARKET IN MEXICO, BY COMPONENT,
2020–2027 (USD MILLION)    136
10.4    EUROPE    136
10.4.1    COVID 19 IMPACT    136
10.4.2    BY INSTALLATION TYPE    137
TABLE 77    SHORE POWER MARKET IN EUROPE, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    137
10.4.3    BY CONNECTION    137
TABLE 78    SHORE POWER MARKET IN EUROPE, BY CONNECTION,
2020–2027 (USD MILLION)    137
10.4.4    BY COMPONENT    137
TABLE 79    SHORE POWER MARKET IN EUROPE, BY COMPONENT,
2020–2027 (USD MILLION)    137
TABLE 80    SHORE POWER MARKET IN EUROPE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    138
10.4.5    BY COUNTRY    138
TABLE 81    SHORE POWER MARKET IN EUROPE, BY COUNTRY,
2020–2027 (USD MILLION)    138
10.4.6    GERMANY    138
10.4.6.1    Adoption of shore power technology in growing maritime
industry drives market    138
10.4.7    BY INSTALLATION TYPE    139
TABLE 82    SHORE POWER MARKET IN GERMANY, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    139
10.4.8    BY CONNECTION    139
TABLE 83    SHORE POWER MARKET IN GERMANY, BY CONNECTION,
2020–2027 (USD MILLION)    139
10.4.9    BY COMPONENT    140
TABLE 84    SHORE POWER MARKET IN GERMANY, BY COMPONENT,
2020–2027 (USD MILLION)    140
10.4.10    UK    140
10.4.10.1    Advanced shore power initiatives in British ports drives market    140
TABLE 85    SHORE POWER MARKET IN UK, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    141
10.4.11    BY CONNECTION    141
TABLE 86    SHORE POWER MARKET IN UK, BY CONNECTION, 2020–2027 (USD MILLION)    141
10.4.12    BY COMPONENT    141
TABLE 87    SHORE POWER MARKET IN UK, BY COMPONENT, 2020–2027 (USD MILLION)    141
10.4.13    RUSSIA    142
10.4.13.1    Commitment toward shore power drives market    142
10.4.14    BY INSTALLATION TYPE    142
TABLE 88    SHORE POWER MARKET IN RUSSIA, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    142
10.4.15    BY CONNECTION    142
TABLE 89    SHORE POWER MARKET IN RUSSIA, BY CONNECTION,
2020–2027 (USD MILLION)    142
10.4.16    BY COMPONENT    143
TABLE 90    SHORE POWER MARKET IN RUSSIA, BY COMPONENT,
2020–2027 (USD MILLION)    143
10.4.17    SWEDEN    143
10.4.17.1    Increase in marine traffic to drive shore power market    143
10.4.18    BY INSTALLATION TYPE    144
TABLE 91    SHORE POWER MARKET IN SWEDEN, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    144
10.4.19    BY CONNECTION    144
TABLE 92    SHORE POWER MARKET IN SWEDEN, BY CONNECTION,
2020–2027 (USD MILLION)    144
10.4.20    BY COMPONENT    144
TABLE 93    SHORE POWER MARKET IN SWEDEN, BY COMPONENT,
2020–2027 (USD MILLION)    144
10.4.21    NETHERLANDS    145
10.4.21.1    Increase in adoption of shore power-based strategies to
drive shore power market    145
10.4.22    BY INSTALLATION TYPE    145
TABLE 94    SHORE POWER MARKET IN NETHERLANDS, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    145
10.4.23    BY CONNECTION    145
TABLE 95    SHORE POWER MARKET IN NETHERLANDS, BY CONNECTION,
2020–2027 (USD MILLION)    145
10.4.24    BY COMPONENT    146
TABLE 96    SHORE POWER MARKET IN NETHERLANDS, BY COMPONENT,
2020–2027 (USD MILLION)    146
10.4.25    NORWAY    146
10.4.25.1    Growing demand from decarbonization activities to drive market    146
10.4.26    BY INSTALLATION TYPE    146
TABLE 97    SHORE POWER MARKET IN NORWAY, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    146
10.4.27    BY CONNECTION    147
TABLE 98    SHORE POWER MARKET IN NORWAY, BY CONNECTION,
2020–2027 (USD MILLION)    147

10.4.28    BY COMPONENT    147
TABLE 99    SHORE POWER MARKET IN NORWAY, BY COMPONENT,
2020–2027 (USD MILLION)    147
10.4.29    REST OF EUROPE    147
10.4.30    BY INSTALLATION TYPE    148
TABLE 100    SHORE POWER MARKET IN REST OF EUROPE, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    148
10.4.31    BY CONNECTION    149
TABLE 101    SHORE POWER MARKET IN REST OF EUROPE, BY CONNECTION,
2020–2027 (USD MILLION)    149
10.4.32    BY COMPONENT    149
TABLE 102    SHORE POWER MARKET IN REST OF EUROPE, BY COMPONENT,
2020–2027 (USD MILLION)    149
10.5    MIDDLE EAST & AFRICA    149
10.5.1    COVID-19 IMPACT    150
10.5.2    BY INSTALLATION TYPE    150
TABLE 103    SHORE POWER MARKET IN MIDDLE EAST & AFRICA, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)    150
10.5.3    BY CONNECTION    150
TABLE 104    SHORE POWER MARKET IN MIDDLE EAST & AFRICA, BY CONNECTION,
2020–2027 (USD MILLION)    150
10.5.4    BY COMPONENT    151
TABLE 105    SHORE POWER MARKET IN MIDDLE EAST & AFRICA, BY COMPONENT,
2020–2027 (USD MILLION)    151
TABLE 106    SHORE POWER MARKET IN MIDDLE EAST & AFRICA, BY POWER OUTPUT, 2020–2027 (USD MILLION)    151
10.5.5    BY COUNTRY    152
TABLE 107    SHORE POWER MARKET IN MIDDLE EAST & AFRICA, BY COUNTRY,
2020–2027 (USD MILLION)    152
10.5.6    SAUDI ARABIA    152
10.5.6.1    Increase in trading activities of oil and natural gas to create favorable conditions for shore power market    152
10.5.7    BY INSTALLATION TYPE    153
TABLE 108    SHORE POWER MARKET IN SAUDI ARABIA, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    153
10.5.8    BY CONNECTION    153
TABLE 109    SHORE POWER MARKET IN SAUDI ARABIA, BY CONNECTION,
2020–2027 (USD MILLION)    153
10.5.9    BY COMPONENT    153
TABLE 110    SHORE POWER MARKET IN SAUDI ARABIA, BY COMPONENT,
2020–2027 (USD MILLION)    153
10.5.10    UAE    154
10.5.10.1    Increase in oil trading and tourism activities to generate need for shore power    154
10.5.11    BY INSTALLATION TYPE    154
TABLE 111    SHORE POWER MARKET IN UAE, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    154
10.5.12    BY CONNECTION    154
TABLE 112    SHORE POWER MARKET IN UAE, BY CONNECTION,
2020–2027 (USD MILLION)    154
10.5.13    BY COMPONENT    155
TABLE 113    SHORE POWER MARKET IN UAE, BY COMPONENT,
2020–2027 (USD MILLION)    155
10.5.14    EGYPT    155
10.5.14.1    Rise in focus on implementing shore power systems on multiple ports to foster market growth    155
10.5.15    BY INSTALLATION TYPE    155
TABLE 114    SHORE POWER MARKET IN EGYPT, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    155
10.5.16    BY CONNECTION    156
TABLE 115    SHORE POWER MARKET IN EGYPT, BY CONNECTION,
2020–2027 (USD MILLION)    156
10.5.17    BY COMPONENT    156
TABLE 116    SHORE POWER MARKET IN EGYPT, BY COMPONENT,
2020–2027 (USD MILLION)    156
10.5.18    SOUTH AFRICA    156
10.5.18.1    Commitments toward net zero-carbon emissions likely to boost demand for shore power    156
10.5.19    BY INSTALLATION TYPE    157
TABLE 117    SHORE POWER MARKET IN SOUTH AFRICA, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    157
10.5.20    BY CONNECTION    157
TABLE 118    SHORE POWER MARKET IN SOUTH AFRICA, BY CONNECTION,
2020–2027 (USD MILLION)    157
10.5.21    BY COMPONENT    157
TABLE 119    SHORE POWER MARKET IN SOUTH AFRICA, BY COMPONENT,
2020–2027 (USD MILLION)    157
10.5.22    REST OF MIDDLE EAST & AFRICA    158
10.5.23    BY INSTALLATION TYPE    158
TABLE 120    SHORE POWER MARKET IN REST OF MIDDLE EAST & AFRICA,
BY INSTALLATION TYPE, 2020–2027 (USD MILLION)    158
10.5.24    BY CONNECTION    158
TABLE 121    SHORE POWER MARKET IN REST OF MIDDLE EAST & AFRICA,
BY CONNECTION, 2020–2027 (USD MILLION)    158
10.5.25    BY COMPONENT    159
TABLE 122    SHORE POWER MARKET IN REST OF MIDDLE EAST & AFRICA,
BY COMPONENT, 2020–2027 (USD MILLION)    159
10.6    SOUTH AMERICA    159
10.6.1    COVID-19 IMPACT    160
10.6.2    BY INSTALLATION TYPE    160
TABLE 123    SHORE POWER MARKET IN SOUTH AMERICA, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    160

10.6.3    BY CONNECTION    160
TABLE 124    SHORE POWER MARKET IN SOUTH AMERICA, BY CONNECTION,
2020–2027 (USD MILLION)    160
10.6.4    BY COMPONENT    161
TABLE 125    SHORE POWER MARKET IN SOUTH AMERICA, BY COMPONENT,
2020–2027 (USD MILLION)    161
TABLE 126    SHORE POWER MARKET IN SOUTH AMERICA, BY POWER OUTPUT,
2020–2027 (USD MILLION)    161
10.6.5    BY COUNTRY    161
TABLE 127    SHORE POWER MARKET IN SOUTH AMERICA, BY COUNTRY,
2020–2027 (USD MILLION)    161
10.6.6    BRAZIL    162
10.6.6.1    Highest unloading times at ports to drive demand for
shore power systems    162
10.6.7    BY INSTALLATION TYPE    162
TABLE 128    SHORE POWER MARKET IN BRAZIL, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    162
10.6.8    BY CONNECTION    162
TABLE 129    SHORE POWER MARKET IN BRAZIL, BY CONNECTION,
2020–2027 (USD MILLION)    162
10.6.9    BY COMPONENT    163
TABLE 130    SHORE POWER MARKET IN BRAZIL, BY COMPONENT,
2020–2027 (USD MILLION)    163
10.6.10    ARGENTINA    163
10.6.10.1    Increased trading of minerals to boost market for
shore power in Argentina    163
10.6.11    BY INSTALLATION TYPE    164
TABLE 131    SHORE POWER MARKET IN ARGENTINA, BY INSTALLATION TYPE,
2020–2027 (USD MILLION)    164
10.6.12    BY CONNECTION    164
TABLE 132    SHORE POWER MARKET IN ARGENTINA, BY CONNECTION,
2020–2027 (USD MILLION)    164
10.6.13    BY COMPONENT    164
TABLE 133    SHORE POWER MARKET IN ARGENTINA, BY COMPONENT,
2020–2027 (USD MILLION)    164
10.6.14    REST OF SOUTH AMERICA    165
10.6.15    BY INSTALLATION TYPE    166
TABLE 134    SHORE POWER MARKET IN REST OF SOUTH AMERICA, BY INSTALLATION TYPE, 2020–2027 (USD MILLION)    166
10.6.16    BY CONNECTION    166
TABLE 135    SHORE POWER MARKET IN REST OF SOUTH AMERICA, BY CONNECTION, 2020–2027 (USD MILLION)    166
10.6.17    BY COMPONENT    166
TABLE 136    SHORE POWER MARKET IN REST OF SOUTH AMERICA, BY COMPONENT, 2020–2027 (USD MILLION)    166

11    COMPETITIVE LANDSCAPE    167
11.1    KEY PLAYERS STRATEGIES    167
TABLE 137    OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS,
AUGUST 2017– SEPTEMBER 2021    167
11.2    MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS    169
TABLE 138    SHORE POWER MARKET: DEGREE OF COMPETITION    169
FIGURE 40    SHORE POWER MARKET SHARE ANALYSIS, 2020    169
11.3    REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS    170
FIGURE 41    TOP PLAYERS IN SHORE POWER MARKET FROM 2016 TO 2020    170
11.4    COMPANY EVALUATION QUADRANT    171
11.4.1    STAR    171
11.4.2    PERVASIVE    171
11.4.3    EMERGING LEADER    171
11.4.4    PARTICIPANT    171
FIGURE 42    COMPETITIVE LEADERSHIP MAPPING: SHORE POWER MARKET, 2021    172
11.4.5    COMPETITIVE BENCHMARKING    172
TABLE 139    SHORE POWER MARKET: DETAILED LIST OF KEY START-UPS/SMES    173
TABLE 140    SHORE POWER MARKET: COMPETITIVE BENCHMARKING OF
KEY PLAYERS (START-UPS/SMES)    173
11.5    SHORE POWER MARKET: COMPANY FOOTPRINT    174
TABLE 141    COMPANY FOOTPRINT: BY INSTALLATION TYPE    174
TABLE 142    COMPANY FOOTPRINT: BY CONNECTION    175
TABLE 143    COMPANY FOOTPRINT: BY COMPONENT    176
TABLE 144    COMPANY FOOTPRINT: BY POWER OUTPUT    177
TABLE 145    BY REGION: COMPANY FOOTPRINT    178
TABLE 146    OVERALL COMPANY FOOTPRINT    179
11.6    COMPETITIVE SCENARIO    180
TABLE 147    SHORE POWER MARKET: PRODUCT LAUNCHES,
AUGUST 2017–OCTOBER 2020    180
TABLE 148    SHORE POWER MARKET: DEALS, OCTOBER 2020–SEPTEMBER 2021    180
12    COMPANY PROFILES    182
(Business Overview, Products Offered, Recent Developments, and MnM View)*
12.1    KEY PLAYERS    182
12.1.1    GE    182
TABLE 149    GE: BUSINESS OVERVIEW    182
FIGURE 43    GE: COMPANY SNAPSHOT (2021)    183
TABLE 150    GE: PRODUCTS OFFERED    183
TABLE 151    GE: DEALS    184
12.1.2    SIEMENS    186
TABLE 152    SIEMENS: BUSINESS OVERVIEW    186
FIGURE 44    SIEMENS: COMPANY SNAPSHOT (2021)    187
TABLE 153    SIEMENS: PRODUCTS OFFERED    187
TABLE 154    SIEMENS: DEALS    188
12.1.3    SCHNEIDER ELECTRIC    190
TABLE 155    SCHNEIDER ELECTRIC: BUSINESS OVERVIEW    190
FIGURE 45    SCHNEIDER ELECTRIC: COMPANY SNAPSHOT (2021)    191
TABLE 156    SCHNEIDER ELECTRIC: PRODUCTS OFFERED    191
TABLE 157    SCHNEIDER ELECTRIC: DEALS    192
12.1.4    ABB (HITACHI)    194
TABLE 158    ABB (HITACHI): BUSINESS OVERVIEW    194
FIGURE 46    ABB (HITACHI): COMPANY SNAPSHOT (2021)    195
TABLE 159    ABB (HITACHI): PRODUCTS OFFERED    195
TABLE 160    ABB (HITACHI): DEALS    196
12.1.5    EATON    198
TABLE 161    EATON: BUSINESS OVERVIEW    198
FIGURE 47    EATON: COMPANY SNAPSHOT (2020)    199
TABLE 162    EATON: PRODUCTS OFFERED    199
TABLE 163    EATON: DEALS    200
12.1.6    VINCI ENERGIES    202
TABLE 164    VINCI ENERGIES: BUSINESS OVERVIEW    202
FIGURE 48    VINCI ENERGIES: COMPANY SNAPSHOT (2021)    203
TABLE 165    VINCI ENERGIES: PRODUCTS OFFERED    203
12.1.7    WARTSILA    204
TABLE 166    WARTSILA: BUSINESS OVERVIEW    204
FIGURE 49    WARTSILA: COMPANY SNAPSHOT (2021)    205
TABLE 167    WARTSILA: PRODUCTS OFFERED    205
TABLE 168    WARTSILA: DEALS    206
12.1.8    DANFOSS    207
TABLE 169    DANFOSS: BUSINESS OVERVIEW    207
FIGURE 50    DANFOSS: COMPANY SNAPSHOT (2020)    208
TABLE 170    DANFOSS: PRODUCTS OFFERED    208
TABLE 171    DANFOSS: DEALS    209
12.1.9    WABTEC CORPORATION    210
TABLE 172    WABTEC CORPORATION: BUSINESS OVERVIEW    210
FIGURE 51    WABTEC CORPORATION: COMPANY SNAPSHOT (2020)    211
TABLE 173    WABTEC CORPORATION: PRODUCTS OFFERED    211
TABLE 174    WABTEC CORPORATION: DEALS    212
12.1.10    CAVOTEC    213
TABLE 175    CAVOTEC: BUSINESS OVERVIEW    213
FIGURE 52    CAVOTEC: COMPANY SNAPSHOT (2021)    214
TABLE 176    CAVOTEC: PRODUCTS OFFERED    214
TABLE 177    CAVOTEC: PRODUCT LAUNCHES    215
TABLE 178    CAVOTEC: DEALS    215
TABLE 179    CAVOTEC: OTHERS    216
12.1.11    ESL POWER SYSTEMS    217
TABLE 180    ESL POWER SYSTEMS: BUSINESS OVERVIEW    217
TABLE 181    ESL POWER SYSTEMS: PRODUCTS OFFERED    217
TABLE 182    ESL POWER SYSTEMS: DEALS    218
12.1.12    IGUS    219
TABLE 183    IGUS: BUSINESS OVERVIEW    219
TABLE 184    IGUS: PRODUCTS OFFERED    219
12.1.13    BLUE DAY TECHNOLOGY    220
TABLE 185    BLUE DAY TECHNOLOGY: BUSINESS OVERVIEW    220
TABLE 186    BLUE DAY TECHNOLOGY: PRODUCTS OFFERED    220
TABLE 187    BLUE DAY TECHNOLOGY: DEALS    221
12.1.14    WATTS MARINE    222
TABLE 188    WATTS MARINE: BUSINESS OVERVIEW    222
TABLE 189    WATTS MARINE: PRODUCTS OFFERED    222
TABLE 190    WATTS MARINE: DEALS    222
12.1.15    PREEN    223
TABLE 191    PREEN INC: BUSINESS OVERVIEW    223
TABLE 192    PREEN: PRODUCTS OFFERED    223
12.1.16    SMARTPLUG    224
TABLE 193    SMARTPLUG: BUSINESS OVERVIEW    224
TABLE 194    SMARTPLUG: PRODUCTS OFFERED    224
12.1.17    PILLER POWER SYSTEMS    225
TABLE 195    PILLER POWER SYSTEMS: COMPANY OVERVIEW    225
TABLE 196    PILLER POWER SYSTEMS: PRODUCTS OFFERED    225
TABLE 197    PILLER POWER SYSTEMS: DEALS    226
12.1.18    POWER SYSTEMS INTERNATIONAL    227
TABLE 198    POWER SYSTEMS INTERNATIONAL: BUSINESS OVERVIEW    227
TABLE 199    POWER SYSTEMS INTERNATIONAL: PRODUCTS OFFERED    227
12.1.19    RATIO ELECTRIC    228
TABLE 200    RATIO ELECTRIC: BUSINESS OVERVIEW    228
TABLE 201    RATIO ELECTRIC: PRODUCTS OFFERED    228
12.1.20    SYDNEY MARINE ELECTRICAL    229
TABLE 202    SYDNEY MARINE ELECTRICAL: BUSINESS OVERVIEW    229
TABLE 203    SYDNEY MARINE ELECTRICAL: PRODUCTS OFFERED    229
12.1.21    CONNTEK INTEGRATED SOLUTIONS INC    230
TABLE 204    CONNTEK INTEGRATED SOLUTIONS: BUSINESS OVERVIEW    230
TABLE 205    CONNTEK INTEGRATED SOLUTIONS: PRODUCTS OFFERED    230
12.1.22    PATTON & COOKE CO.    232
TABLE 206    PATTON & COOKE CO.: BUSINESS OVERVIEW    232
TABLE 207    PATTON & COOKE CO.: PRODUCTS OFFERED    232

12.2    OTHER PLAYERS    233
12.2.1    YARA MARINE TECHNOLOGIES    233
12.2.2    MARINE POWER SYSTEMS    234
12.2.3    SKOON ENERGY B.V.    234
12.2.4    FLEX MARINE POWER LTD.    235
12.2.5    ORBITAL MARINE POWER    235
12.2.6    ECO MARINE POWER    236
12.2.7    POWER DOCKS LLC    237
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
13    APPENDIX    238
13.1    INSIGHTS OF INDUSTRY EXPERTS    238
13.2    DISCUSSION GUIDE    239
13.3    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    242
13.4    AVAILABLE CUSTOMIZATIONS    244
13.5    RELATED REPORTS    244
13.6    AUTHOR DETAILS    245"