Shore Power Market Trends, Business Overview, Industry Growth and Forecast to 2027

Shore Power market size was US$ 1165.2 million and it is expected to reach US$ 1949.4 million by the end of 2026, with a CAGR of 7% during 2021-2027.

The market has been segmented by installation into shore and ship installations. Offshore installations are expected to be the most important part of the offshore power market during the forecast period. This advantage may be due to the high installation cost due to the need for additional electrical components on the shore. Additional components can make the offshore power system more flexible to meet the power requirements of different types of ships.

 

The key players covered in this study

Cavotec
ESL Power
Igus
SmartPlug
Blueday Technology
Cochran Marine
VINCI
Preen
GE
Danfoss

Market segment by Type, the product can be split into

Shoreside
Shipside

Market segment by Application, split into

Transformer
Switchgear
Frequency Converter
Cable and accessories
Others

 

Scope of the Report

The research study analyzes the global Shore Power industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Shore Power Market Report

1. What was the Shore Power Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).

What will be the CAGR of Shore Power Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Shore Power Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.