Shore Power Market Analysis

The market is segmented by component into transformer, frequency converter, switchgear, cable & accessories, and others, out of which, the frequency converter segment is anticipated to hold the largest share in the market on account of the ability of this component to increase machine lifetime, reduce maintenance cost and improve motor efficiency. Furthermore, on the basis of installation, the shoreside segment is projected to grab an enormous market share. As shoreside installation requires additional electrical components that provide enhanced flexibility for meeting power requirements of different vessels, it is widely being deployed since the recent years.

Our in-depth analysis of the global market includes the following segments: