shore power market Opportunities, Trends & Forecast 2021 - 2027

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WhipSmart Market Intelligence
Shore Power Market Research, Global Analysis
Forecast 2027

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Shore Power Market Market Overview
The global shore power market is projected to
grow at CAGR 4 during the forecast period
2021-2026. This growth can be attributed to
factors such as the reduction of low-frequency
noise and emissions at ports, increasing number
of cruise liners in the shipping industry, and
installation of retrofit shore power systems. The
new installation segment is expected to be the
largest contributor to the shore power market.
For shore power to be implemented, ships need to
be equipped to receive power from an outside
source or local grid. Existing ships usually need
to be retrofitted with specific electrical
equipment such as wiring, connectors,
transformers, and switchgear, while many new
ships are being built with this equipment as part
of their ships electrical system design.
Retrofitting of shore power in existing vessels
are way expensive when compared to a new
installation, sometimes costing up to twice as
much as incremental new-build investments.
Therefore, the new installation segment is
driving the market during the forecast period.
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Shore Power Market Key Players
Key Market Players include Siemens (Germany),
Wärtsilä (Finland), ABB (Switzerland), Schneider
Electric (France), and Cavotec (Switzerland).
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Table Of Content

1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Shore Power Market, By Installation  
6. Shore Power Market, By Connection
7. Shore Power Market, By Component
8. Shore Power Market, By Region
9. Company Profiles
10. Appendix

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