Shore Power Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	206 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224301

Best Price Guarantee
Price	from $4,850
Length	206 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224301

Shore Power Market

Growth Factors of Shore Power Market

The Shore Power market size was valued at USD 1.62 billion in 2023, and the market is now projected to grow from USD 1.85 billion in 2024 to USD 5.50 billion by 2032, exhibiting a CAGR of 14.62% during the forecast period of 2024-2032.

The episode of the widespread of COVID-19 had driven to a critical decrease in worldwide shipping action, especially amid the early months of the episode and thus famished the shore power market growth. As ships decreased their voyages or were sat, the require for shore control associations in ports diminished. The novel coronavirus caused disturbances within the worldwide supply chain, influencing shore-power gear and framework generation and conveyance, deferring a few shore-power ventures.

The extreme rising in the infrastructural development in the midst of expanding exchange volumes of cargos over the countries driven to an increment within the development of extra ports over the globe. The governments of developing economies and created countries have been making speculations for the development of the ancient ports and the foundation of new ports. The venture within the modernization and development ventures, leads to a surge in joining shore control frameworks to oblige docked vessels. This drift is assist favored by natural directions, pointed at diminishing outflows from sea exercises as well as developing mindfulness of the financial and natural benefits of shore control.

Progressing advancements in shore power market innovation are vital in driving advertise request. These progressions make shore-power arrangements more alluring, effective, and naturally neighborly, driving to expanded appropriation within the oceanic industry. Innovative modifications have made these frameworks more energy-efficient, alleviating power misfortunes amid transmission. This expanded productivity interprets into fetched investment funds for both harbors' administrators and transport proprietors.

Comprehensive Analysis of Shore Power Market

On the basis of association, marketplace is further bifurcated into shoreside and shipside, moreover which is portioned into passenger vessels, merchant vessels, offshore support vessels, and specialized vessels. On the foundation of establishment, the market globally is divided into new installation and retrofit. The new installation portion is the overwhelming portion. Based on component, the worldwide showcase is fragmented into transformer, switchgear, cable and extras, inactive recurrence converter, and others. The inactive recurrence converter portion is the biggest fragment within the market.

The most dominant region noted as Asia Pacific holds the biggest shore power market share of all the regions in the global market with a valuation of USD 0.61 billion. The region is encountering strong financial development and urbanization, driving to an expanded request for vitality. Shore-power can offer assistance diminish outflows and reliance on fossil powers in ports. A few of the world's busiest ports are found in Asia Pacific, managing with a noteworthy volume of holder activity and sea activities.

The finest players inside the showcase play an essential portion in ensuring mechanical diagram advancement and setting advertise benchmarks. LIST OF KEY COMPANIES PROFILED IN SHORE POWER Advertise: Wartsila (Finland), Cavotec (Switzerland), ABB (Switzerland), Siemens (Germany), ESL Power Systems Inc. (U.S.), Igus Inc. (Germany), SmartPlug Systems (U.S.), Power Systems International (U.K.), Blueday Technology (Norway), Nidec Industrial Solutions (Italy), Ensmart Power Limited (U.K.), VINCI Energies SA (France) and many others.

In May 2023 the company ABB marked an agreement with Finnish shipbuilder Meyer Turku to supply two modern Finnish multipurpose watch vessels with an coordinates control and drive bundle, counting two Azipod thrusters and an Onboard DC Grid™ electrical framework. The 98-meter vessels to be conveyed in 2025 and 2026 will supplant the leaving Tursas and Uisko watch vessels.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 14.62% from 2024 to 2032

Value Value (USD Billion)

Segmentation By Connection

Shoreside
Shipside
Passenger Vessel
Merchant Vessel
Offshore Support Vessel
Specialized Vessel

By Installation

New Installation
Retrofit

By Component

Transformer
Switchgear
Cables and Accessories
Static Frequency Converter
Power Range upto 5 MVA
Power Range Above 5MVA
Others

By Country

North America (By Connection, Installation, Component, and Country)
U.S. (By Installation)
Canada (By Installation)
Europe (By Connection, Installation, Component, and Country)
Norway (By Installation)
Germany (By Installation)
Italy (By Installation)
Sweden (By Installation)
Rest of Europe (By Installation)
Asia Pacific (By Connection, Installation, Component, and Country)
China (By Installation)
India (By Installation)
Japan (By Installation)
Rest of Asia Pacific (By Installation)
Rest of the World (By Connection, Installation, Component)

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Key Industry Developments - Merger, Acquisitions, and Partnerships; 4.2. Porter’s Five Forces Analysis; 4.3. SWOT Analysis; 4.4. Technological Developments; 4.5. Impact of COVID-19 on Connected Tire Market
5. Global Connected Tire Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. Market Analysis, Insights and Forecast – By Vehicle Type; 5.2.1. Passenger Cars; 5.2.2. Commercial Vehicles; 5.3. Market Analysis, Insights and Forecast – By Rim Size; 5.3.1. 12"" – 17"; 5.3.2. 18"" – 21"; 5.3.3. More than 22"; 5.4. Market Analysis, Insights and Forecast – By Region; 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia Pacific; 5.4.4. Rest of The World
6. North America Connected Tire Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. Market Analysis, Insights and Forecast – By Vehicle Type; 6.2.1. Passenger Cars; 6.2.2. Commercial Vehicles; 6.3. Market Analysis, Insights and Forecast – By Rim Size; 6.3.1. 12"" – 17"; 6.3.2. 18"" – 21"; 6.3.3. More than 22"; 6.4. Market Analysis, Insights and Forecast – By Country; 6.4.1. United States; 6.4.1.1. By Vehicle Type; 6.4.2. Canada; 6.4.2.1. By Vehicle Type; 6.4.3. Mexico; 6.4.3.1. By Vehicle Type
7. Europe Connected Tire Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. Market Analysis, Insights and Forecast – By Vehicle Type; 7.2.1. Passenger Cars; 7.2.2. Commercial Vehicles; 7.3. Market Analysis, Insights and Forecast – By Rim Size; 7.3.1. 12"" – 17"; 7.3.2. 18"" – 21"; 7.3.3. More than 22"; 7.4. Market Analysis, Insights and Forecast – By Country; 7.4.1. United Kingdom; 7.4.1.1. By Vehicle Type; 7.4.2. Germany; 7.4.2.1. By Vehicle Type; 7.4.3. France; 7.4.3.1. By Vehicle Type; 7.4.4. Rest of Europe; 7.4.4.1. By Vehicle Type
8. Asia Pacific Connected Tire Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. Market Analysis, Insights and Forecast – By Vehicle Type; 8.2.1. Passenger Cars; 8.2.2. Commercial Vehicles; 8.3. Market Analysis, Insights and Forecast – By Rim Size; 8.3.1. 12"" – 17"; 8.3.2. 18"" – 21"; 8.3.3. More than 22"; 8.4. Market Analysis, Insights and Forecast – By Country; 8.4.1. China; 8.4.1.1. By Vehicle Type; 8.4.2. India; 8.4.2.1. By Vehicle Type; 8.4.3. Japan; 8.4.3.1. By Vehicle Type; 8.4.4. South Korea; 8.4.4.1. By Vehicle Type; 8.4.5. Rest of Asia Pacific; 8.4.5.1. By Vehicle Type
9. Rest of The World Connected Tire Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. Market Analysis, Insights and Forecast – By Vehicle Type; 9.2.1. Passenger Cars; 9.2.2. Commercial Vehicles; 9.3. Market Analysis, Insights and Forecast – By Rim Size; 9.3.1. 12"" – 17"; 9.3.2. 18"" – 21"; 9.3.3. More than 22"
10. Competitive Analysis: 10.1. Key Industry Developments; 10.2. Global Market Position Analysis (2023); 10.3. Competition Dashboard; 10.4. Comparative Analysis – Major Players; 10.5. Company Profiles; 10.5.1. Michelin (Clermont-Ferrand, France); 10.5.1.1. Overview; 10.5.1.2. Products & Services; 10.5.1.3. SWOT Analysis; 10.5.1.4. Recent Developments; 10.5.1.5. Strategies; 10.5.1.6. Financials (Based on Availability); 10.5.2. Pirelli & C. S.p.A. (Milan, Italy); 10.5.2.1. Overview; 10.5.2.2. Products & Services; 10.5.2.3. SWOT Analysis; 10.5.2.4. Recent Developments; 10.5.2.5. Strategies; 10.5.2.6. Financials (Based on Availability); 10.5.3. Goodyear Tire & Rubber Company (Ohio, United States); 10.5.3.1. Overview; 10.5.3.2. Products & Services; 10.5.3.3. SWOT Analysis; 10.5.3.4. Recent Developments; 10.5.3.5. Strategies; 10.5.3.6. Financials (Based on Availability); 10.5.4. Continental AG (Hanover, Germany); 10.5.4.1. Overview; 10.5.4.2. Products & Services; 10.5.4.3. SWOT Analysis; 10.5.4.4. Recent Developments; 10.5.4.5. Strategies; 10.5.4.6. Financials (Based on Availability); 10.5.5. Bridgestone Corporation (Tokyo, Japan); 10.5.5.1. Overview; 10.5.5.2. Products & Services; 10.5.5.3. SWOT Analysis; 10.5.5.4. Recent Developments; 10.5.5.5. Strategies; 10.5.5.6. Financials (Based on Availability); 10.5.6. Nokian Tyres plc (Finland); 10.5.6.1. Overview; 10.5.6.2. Products & Services; 10.5.6.3. SWOT Analysis; 10.5.6.4. Recent Developments; 10.5.6.5. Strategies; 10.5.6.6. Financials (Based on Availability); 10.5.7. Trelleborg AB (Trelleborg, Sweden); 10.5.7.1. Overview; 10.5.7.2. Products & Services; 10.5.7.3. SWOT Analysis; 10.5.7.4. Recent Developments; 10.5.7.5. Strategies; 10.5.7.6. Financials (Based on Availability); 10.5.8. Sumitomo Rubber Industries, Ltd (Hyogo, Japan); 10.5.8.1. Overview; 10.5.8.2. Products & Services; 10.5.8.3. SWOT Analysis; 10.5.8.4. Recent Developments; 10.5.8.5. Strategies; 10.5.8.6. Financials (Based on Availability); 10.5.9. JK Tyres (India); 10.5.9.1. Overview; 10.5.9.2. Products & Services; 10.5.9.3. SWOT Analysis; 10.5.9.4. Recent Developments; 10.5.9.5. Strategies; 10.5.9.6. Financials (Based on Availability); 10.5.10. Toyo Tires (Hyogo, Japan); 10.5.10.1. Overview; 10.5.10.2. Products & Services; 10.5.10.3. SWOT Analysis; 10.5.10.4. Recent Developments; 10.5.10.5. Strategies; 10.5.10.6. Financials (Based on Availability)