Alternate Marine Power Market By Application Production, Share, Trends and Forecast 2021-2025

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Alternate Marine Power Market Detailed Analysis
of Current and Future Industry Figures Till
2021-2025 The global alternate marine power
market has been thriving as reducing pollution
caused by shipping activity gains attention.
Alternate marine power (AMP) is an ideal way of
curbing the noise and air pollution that ships
generate during berthing and idling processes.
Fairfield Market Research states that this
anti-pollution solution will gain ground as ports
remain pressed for reducing pollution. A strict
regulatory framework governing the shipping
industry is expected to set standards for usage
of alternate marine power in the coming years.
This land-based power supply allows ships to
re-evaluate their power usage. Also known as cold
ironing, alternate marine power will see higher
adoption between the forecast years of 2021 and
2025 as end users realise its role in cutting
down carbon dioxide and sulphur content. Get a
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ernate-marine-power- market/request-sample Invest
ments in Alternate Marine Power Spike as
Shipping Companies and Ports Comply with
Regulations Cruise ships and ferry companies
that rely on tourism are expected to make
significant investments in alternate marine
power. The growing concerns about the pollution
they generate at ports and the damage they cause
to marine life has shed light on the
importance of alternate marine power.
Stringent mandates such as 2014/94/EU
directive on the Deployment of Alternative Fuel
Infrastructure will push this agenda amongst
shipping companies, bringing in heavy investments
to build an infrastructure to offset the
pollution caused by marine transport used
for leisure activities. However, the initial
investments required for setting up
infrastructure for cold ironing has been
acting as a restraint to the global
alternate marine power market. Average capital
cost amounts to US 60,000-80,000 per berth per
annum to provide AMP to small, medium, and large
fleets. Container Vessels Identified as Primary
End Users of Alternate Marine Power Reports
early estimations indicate that container
vessels will lead the global alternate marine
power market. Flouring maritime trade will be the
primary driver for this segment. As COVID-19
ebbs, the shipping industry will operate in
full seeing. The United Nations Conference
on Trade and Development states that
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approximately 80 of global trade depends on the
shipping industry, of which 60 relies on
containers. In light of these numbers, it is
obvious that containers will be the key end users
of alternate marine power in the coming five
years. North America to Set Precedent for
Alternate Marine Power  North America is expected
to lead the global alternate marine power market
between the forecast years of 2021 and 2026
as ports remain committed to reducing the
effects of pollution on water bodies and
marine life. The US EPA states that
developed regions such as North America
and Europe have been more accommodative
of alternate marine power. Cavotecs
European presence has brought in shore power
system and automated mooring to set an example
for others. A stringent regulatory framework
is expected to create a positive impact on
the alternate marine power market in the coming
years. Some of the key players operating in the
global alternate marine power market are ABB
Ltd., Schneider Electric, Piller Group GmbH,
Nidec ASI, Cavotec SA, Power Con, MacGregor,
Siemens, ESL Power Systems, Inc., VINCI Energies,
Danfoss, Ratio Electric B.V., Wartsila, and
Wabtec Corporation For More Information Visit
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