India Shore Power Market (2025-2031) Outlook | Companies, Forecast, Industry, Share, Revenue, Analysis, Size, Value, Growth & Trends

Market Forecast By Installation (Shoreside, Shipside), By Connection (New Installation, Retrofit), By Component (Transformers, Frequency Converters, More), By Power Rating (Up to 30 MVA, 30-60 MVA, Above 60 MVA) And Competitive Landscape
Product Code: ETC4530865 Publication Date: Jul 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 85 No. of Figures: 45 No. of Tables: 25

India Shore Power Market Import Shipment Trend (2020-2024)

The India shore power market import shipment experienced a significant decline with a CAGR of -15.6% from 2020 to 2024. The growth rate plummeted by 74.3% between 2023 and 2024, indicating a sharp contraction in market activity. The trend suggests a substantial slowdown and loss of momentum in the market during the period.

Graph Showing India shore power market Shipment Trend & Volume from 2020-2024

India Shore Power Market Overview

The India shore power market is emerging as an eco-friendly solution for ships and vessels to connect to onshore power sources while at port, reducing emissions and energy costs. As environmental regulations become stricter, the adoption of shore power systems is gaining traction in India ports, contributing to cleaner and more sustainable maritime operations.

Drivers of the Market

The India shore power market is on the rise due to the maritime industry`s increasing focus on environmental sustainability and emissions reduction. Shore power, also known as cold ironing or alternative maritime power (AMP), allows ships to connect to the electrical grid while in port, reducing the need for onboard diesel generators. With stricter environmental regulations and a global push for cleaner ports, India ports and shipping companies are embracing shore power solutions to minimize air pollution and carbon emissions. This eco-friendly approach aligns with India commitment to reducing its environmental footprint, making shore power a significant driver in the country`s maritime sector.

Challenges of the Market

The shore power market in India faces several challenges as it provides electrical power solutions to ships docked at ports. One of the primary challenges is to ensure that shore power infrastructure is compatible with various types of vessels, each with different power requirements and electrical systems. Adhering to international standards and safety regulations is crucial, especially in the maritime industry, where safety is paramount. The market also needs to address issues related to port infrastructure development and maintenance to accommodate shore power connections. Educating port operators, shipowners, and government authorities about the environmental and economic benefits of shore power is essential for its widespread adoption.

COVID-19 Impact on the Market

The India Shore Power market faced a mixed impact due to COVID-19. While the pandemic disrupted global trade and maritime activities, it also raised awareness about environmental sustainability. Many ports and ship operators postponed or scaled down their shore power installation plans due to financial constraints. However, the emphasis on reducing emissions and the need to comply with stricter environmental regulations has led to a growing interest in shore power solutions in the long term. This market is expected to witness steady growth as the shipping industry gradually recovers and focuses on sustainable practices.

Key Players in the Market

Key players in the India shore power market are Siemens India, Schneider Electric India, ABB India, and Cavotec India.

Key Highlights of the Report:

  • India Shore Power Market Outlook
  • Market Size of India Shore Power Market, 2024
  • Forecast of India Shore Power Market, 2031
  • Historical Data and Forecast of India Shore Power Revenues & Volume for the Period 2021-2031
  • India Shore Power Market Trend Evolution
  • India Shore Power Market Drivers and Challenges
  • India Shore Power Price Trends
  • India Shore Power Porter's Five Forces
  • India Shore Power Industry Life Cycle
  • Historical Data and Forecast of India Shore Power Market Revenues & Volume By Installation for the Period 2021-2031
  • Historical Data and Forecast of India Shore Power Market Revenues & Volume By Shoreside for the Period 2021-2031
  • Historical Data and Forecast of India Shore Power Market Revenues & Volume By Shipside for the Period 2021-2031
  • Historical Data and Forecast of India Shore Power Market Revenues & Volume By Connection for the Period 2021-2031
  • Historical Data and Forecast of India Shore Power Market Revenues & Volume By New Installation for the Period 2021-2031
  • Historical Data and Forecast of India Shore Power Market Revenues & Volume By Retrofit for the Period 2021-2031
  • Historical Data and Forecast of India Shore Power Market Revenues & Volume By Component for the Period 2021-2031
  • Historical Data and Forecast of India Shore Power Market Revenues & Volume By Transformers for the Period 2021-2031
  • Historical Data and Forecast of India Shore Power Market Revenues & Volume By Frequency Converters for the Period 2021-2031
  • Historical Data and Forecast of India Shore Power Market Revenues & Volume By More for the Period 2021-2031
  • Historical Data and Forecast of India Shore Power Market Revenues & Volume By Power Rating for the Period 2021-2031
  • Historical Data and Forecast of India Shore Power Market Revenues & Volume By Up to 30 MVA for the Period 2021-2031
  • Historical Data and Forecast of India Shore Power Market Revenues & Volume By 30-60 MVA for the Period 2021-2031
  • Historical Data and Forecast of India Shore Power Market Revenues & Volume By Above 60 MVA for the Period 2021-2031
  • India Shore Power Import Export Trade Statistics
  • Market Opportunity Assessment By Installation
  • Market Opportunity Assessment By Connection
  • Market Opportunity Assessment By Component
  • Market Opportunity Assessment By Power Rating
  • India Shore Power Top Companies Market Share
  • India Shore Power Competitive Benchmarking By Technical and Operational Parameters
  • India Shore Power Company Profiles
  • India Shore Power Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India Shore Power Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Shore Power Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Shore Power Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Shore Power Market Revenues & Volume, 2021 & 2031F

3.3 India Shore Power Market - Industry Life Cycle

3.4 India Shore Power Market - Porter's Five Forces

3.5 India Shore Power Market Revenues & Volume Share, By Installation, 2021 & 2031F

3.6 India Shore Power Market Revenues & Volume Share, By Connection, 2021 & 2031F

3.7 India Shore Power Market Revenues & Volume Share, By Component, 2021 & 2031F

3.8 India Shore Power Market Revenues & Volume Share, By Power Rating, 2021 & 2031F

4 India Shore Power Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing focus on reducing greenhouse gas emissions and promoting sustainable practices in the maritime industry

4.2.2 Government initiatives and regulations promoting the adoption of shore power to reduce air pollution in port areas

4.2.3 Growing investments in port infrastructure development to support the implementation of shore power technology

4.3 Market Restraints

4.3.1 High initial setup costs and infrastructure investments required for implementing shore power systems in ports

4.3.2 Technical challenges and compatibility issues with existing vessels and port infrastructure

4.3.3 Limited awareness and understanding of shore power benefits among stakeholders in the maritime industry

5 India Shore Power Market Trends

6 India Shore Power Market, By Types

6.1 India Shore Power Market, By Installation

6.1.1 Overview and Analysis

6.1.2 India Shore Power Market Revenues & Volume, By Installation, 2021-2031F

6.1.3 India Shore Power Market Revenues & Volume, By Shoreside, 2021-2031F

6.1.4 India Shore Power Market Revenues & Volume, By Shipside, 2021-2031F

6.2 India Shore Power Market, By Connection

6.2.1 Overview and Analysis

6.2.2 India Shore Power Market Revenues & Volume, By New Installation, 2021-2031F

6.2.3 India Shore Power Market Revenues & Volume, By Retrofit, 2021-2031F

6.3 India Shore Power Market, By Component

6.3.1 Overview and Analysis

6.3.2 India Shore Power Market Revenues & Volume, By Transformers, 2021-2031F

6.3.3 India Shore Power Market Revenues & Volume, By Frequency Converters, 2021-2031F

6.3.4 India Shore Power Market Revenues & Volume, By More, 2021-2031F

6.4 India Shore Power Market, By Power Rating

6.4.1 Overview and Analysis

6.4.2 India Shore Power Market Revenues & Volume, By Up to 30 MVA, 2021-2031F

6.4.3 India Shore Power Market Revenues & Volume, By 30-60 MVA, 2021-2031F

6.4.4 India Shore Power Market Revenues & Volume, By Above 60 MVA, 2021-2031F

7 India Shore Power Market Import-Export Trade Statistics

7.1 India Shore Power Market Export to Major Countries

7.2 India Shore Power Market Imports from Major Countries

8 India Shore Power Market Key Performance Indicators

8.1 Average percentage increase in the number of ports equipped with shore power infrastructure

8.2 Percentage growth in electricity consumption from shore power compared to traditional onboard power sources

8.3 Reduction in greenhouse gas emissions attributable to the use of shore power in ports

8.4 Average downtime of shore power systems for maintenance and repairs

8.5 Number of new partnerships and collaborations between port authorities, shipping companies, and technology providers to promote shore power adoption

9 India Shore Power Market - Opportunity Assessment

9.1 India Shore Power Market Opportunity Assessment, By Installation, 2021 & 2031F

9.2 India Shore Power Market Opportunity Assessment, By Connection, 2021 & 2031F

9.3 India Shore Power Market Opportunity Assessment, By Component, 2021 & 2031F

9.4 India Shore Power Market Opportunity Assessment, By Power Rating, 2021 & 2031F

10 India Shore Power Market - Competitive Landscape

10.1 India Shore Power Market Revenue Share, By Companies, 2024

10.2 India Shore Power Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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