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 ship’s 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.

View Complete Report: https://whipsmartmi.com/report/shore-power-market
Shore Power Market, By Installation
1.1. Shoreside
1.2. Shipside
1.2.1. Passenger Vessel
1.2.2. Merchant Vessel
1.2.3. Offshore Support Vessel
1.2.4. Specialized Vessel
2. Shore Power Market, By Connection
2.1. New Installation
2.2. Retrofit
3. Shore Power Market, By Component
3.1. Transformer
3.2. Switchgear
3.3. Frequency Converter
3.4. Cables & Accessories
3.5. Others
4. Shore Power Market, By Region
4.1. North America
4.2. Europe
4.3. Asia Pacific
4.4. Rest of World
Request a Sample of this Report: @ https://whipsmartmi.com/sample/ep0437/Shore-Power-Market
Explore other reports from” Energy, Power and Mining sector @
https://whipsmartmi.com/Category/Energy,-Power-and-Mining?page=2
Contact Us:
Neeraj
WhipSmart Market Intelligence
7264 Magistrate Terrace,
Mississauga,
Ontario L5W 1H8
Canada
[email protected]