According to a market report by Lucintel, the future of the global shore power market looks promising with opportunities in the transformer, switchgear device, frequency converter, and cable & accessory markets. The global shore power market is expected to reach an estimated $2.9 billion by 2030 from $1.6 billion in 2024,at a CAGR of 10.3% from 2024 to 2030. The major drivers for this market are growing number of cruise liners in the maritime sector, expanding port infrastructure, and rising government regulations for reducing greenhouse emissions emitted by auxiliary diesel engines while docked.
A more than 150-page report to understand trends, opportunity and forecast in shore power market to 2030 by connection (new installation and retrofit), installment type (shoreside and shipside), component (transformers, switchgear devices, frequency converters, cables & accessories, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that retrofit will remain the larger segment over the forecast period due to cheap installation costs as well as advances in equipment and technology.
Within this market, frequency converter is expected to witness the highest growth due to the fact that they help in cutting carbon emissions and reducing noise pollution.
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APAC will remain the largest region over the forecast period due to rising number of terminals at port and investment in improving marine infrastructure.
GE, Siemens, Schneider Electric, ABB, Eaton, Conntek Integrated Solutions, Piller Power Systems, Power Systems, Sydney Marine Electrical, Ratio Electric are the major suppliers in the shore power market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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