Shore Power Market Size, Share, Industry Growth 2022 to 2028

Posted on Dec 9 2022 11:06 AM

"The Global Shore Power Market Size Was Usd 1.12 Billion In 2020. Shore Power Market Is Projected To Grow From Usd 1.26 Billion In 2021 To Usd 3.16 Billion In 2028 At A Cagr Of 14.0% In The 2021-2028 Period. "

Overview of the Global Shore Power Market:

In accordance with the recent study by Fortune Business Insights, the global Shore Power market is estimated to be worth around USD 1.12 billion in the present year 2020. As per this market report, the overall demand for high-purity lignin is poised to witness a CAGR of Striking in % for the next ten years finally taking the overall valuation up to  Usd 3.16 Billion by the end of the year 2028.

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Market Scope:

As we know using onshore power alleviates the unnecessary use of fuel, which would otherwise be used to power yachts and boats while in port. Moreover, it helps in reducing greenhouse gases emission produced by auxiliary diesel engines while docked. Therefore, governments are investing in this marine power technology. For instance, In August 2017, Canadian government invested USD 5 million in this technology for Ports Program. Hence, supportive government regulation and investment for reducing greenhouse gas emissions is likely to fuel the shore power market growth during the forecasted period.

COVID-19 Impact:

The updated report, a free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Shore Power Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.

How the industry is coping with the pandemic?

Slowly and gradually economic activity is up and running now which may help the industry to get back on its feet as soon as possible.

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Major Players in the Shore Power market are:

  • Siemens (Germany)
  • Schneider Electric (France)
  • Cavotec (Switzerland)
  • Wartsila (Finland)
  • Vinci Energies (France)
  • Danfoss (Denmark)
  • ABB (Hitachi) (Switzerland)
  • ESL Power Systems (US).

Key Player's information includes:

  • Key Company Profile
  • Important Market Information
  • SWOT Analysis
  • Market Share
  • Sales, Revenue, Price, and Gross Margin

By Product Type, the Market is Primarily Segmented into and By Applications, the Market is Segmented into:

By Connection



Passenger Vessel

Merchant Vessel

Offshore Support Vessel

Specialized Vessel

By Installation

New Installation


By Component



Cables & Accessories

Frequency Converter


Region-Wise Classification of the Market:

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Africa
  • Middle East

Report Highlights:

  • Detailed Overview
  • Market Dynamics
  • Detailed Market Segmentation
  • Historical, Current, and Projected Market Size in terms of volume and value
  • Market Trends and Developments
  • Competitive Landscape
  • Strategies of Key Players
  • Potential and Niche Segments

Key Questions Answered:

1) What is the market size and CAGR of the global as well as the regional market?

2) What are the key players operating in the global Shore Power Market?

3) What are the drivers, restraints, and growth opportunities of the market?

4) What are key technological trends in the market?

5) What are the various regions and sub-regions with leading contributions to the market?

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