We are monitoring the impact of COVID-19 on Alternative Marine Power Market Get in touch with us for detailed analysis Know More
Pulished Date October, 2020
ID: 10300
Share on
Share on

Alternative Marine Power Market Segmentation by Vessel (Container Vessels, Cruises, and Roll on/Roll-off Ships), by Power (Up to 2 MW, 2 MW – 5 MW, Above 5 MW) and Region - Industry Forecast to 2025

Pulished: October, 2020
ID: 10300
Pages: 175

Alternative marine power market size, share, growth Analysis:

Alternative marine power is an anti-pollution measure that assists in the decrease in air pollution generated by diesel generators. It uses electrical power at the dock as a substitute. It is used in the harbor when a ship stops. This considerably reduces emissions from ships. It is also known as cold pressing. It powers lights, air conditioners, refrigerators and other equipment onboard ships. Alternative marine energy is the provision of electrical power on land to a ship that goes out to sea at the dock, while its auxiliary and main engines are turned off during loading and unloading of cargo. The use of alternative marine energy minimizes greenhouse gas (GHG) emissions by providing clean electricity for emergency equipment while the ship is docked.

Alternative marine power market Growth:

In recent years, there has been a hike in investment to modernize ports. This includes infrastructure improvements related to energy, ICT/digital infrastructure, intermodal/multimodal terminals, transport connectivity, environmental footprint reduction infrastructure and other basic infrastructure. Europe is supposed to account or more than 3,000 ports, including seaports and inland ports, by the end of 2025. The governments of European countries plan to install alternative marine energy systems in all ports in the region. Furthermore, the Chinese government projects that 90% of ships will visit the country's main ports using land-based power by 2020. Thus, renovating ports offers a lucrative opportunity for the global alternative marine energy market.

Alternative marine Recent Developments and Trends:

Star International, a global supplier to the marine and offshore industries, has launched a line of on-board fuel testing and treatment products that provide a turnkey fuel management solution for the marine industry. The range has been developed to meet the requirements of maritime operators who want to ensure compliance with the 0.5% sulphur limit of the International Maritime Organization (IMO) and minimize the risks of contamination related to an increase in base fuels, fatty acid methyl ester (FAME) in navy blue. Supply chain.

ExxonMobil recently announced the launch of a new line of ultra-low sulphur marine fuels with 0.50% sulphur, EMF.5 ™. The new range of fuels will be all residual and will comply with the ISO 8217: 2017 specification.

Alternative Marine Power Market Drivers:

Greenhouse gas (GHG) emissions in and around port areas are becoming a major concern around the world. The boats run on bunker fuel, which is one of the most polluting fuels. Large numbers of ships and trucks visit the ports every day. This becomes the cause of a significant increase in the prevalence of respiratory diseases and cancer, and also leads to a degradation of water quality. Alternative marine energy systems provide electricity instead of diesel, reducing greenhouse gas (GHG) emissions. Furthermore, a significant increase in globalization and industrialization has created a strong demand for maritime trade, due to the low cost of transport. This is expected to boost the global alternative marine energy market during the outlook period.

Restraints:

The initial investment costs required to build alternative land-side marine power systems, the operating costs of these systems, and the costs required to modify vessels for the alternative marine power systems are high. This is likely to make impact on the global alternative marine power market during the forecast period. The cost of converting a vessel is between US $ 2 million and US $ 6 million. The cost of transporting electricity from a local grid to a port terminal varies between US $ 300,000 and US $ 4 million per vessel, depending on the type of vessel, voltage, frequency, electricity demand and location of the port. The initial cost includes the installation of high voltage power transformers, distribution and control panels, electrical distribution systems, etc. The ROI associated with alternate marine power systems are low, and the payback period is over few years

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 - 2025

CAGR

12.5%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

alternate marine power market are ABB Ltd., Cavotec SA, Schneider Electric, Nidec ASI, MacGregor, PowerCon, Siemens, ESL Power Systems, Inc., VINCI Energies, Danfoss, Ratio Electric B.V., Piller Group GmbH, Wartsila, and Wabtec Corporation.

Alternative Marine Power Market

Alternative Marine Power Market Segmentation:

By Vessel

  • Container Vessels
  • Cruises
  • Roll on/Roll-off Ships

By Power Requirement

  • Up to 2 MW
  • 2 MW-5 MW
  • Above 5 MW

Alternative Marine Power Regional Analysis:

Geographically, the global alternative marine power market is divided into North America, Asia-Pacific, Europe, and Rest of the world. North America is expected to have a dominant share in the global market. The increasing flow of goods and passengers through US ports has resulted in an increase in the number of ships. And growing air pollution at ports is driving demand for the alternative marine power market in North America. Europe is forecasted to grow in the global market with a healthy CAGR during the forecast period. The growing emphasis on the development of alternative fuels as a substitute for fossil oil sources used in the energy supply of transport on European territory contributes to the growth of the alternative marine energy market in Europe. The Asia-Pacific region offers fruitful opportunities in the global alternative marine power market. Growing business activities in India and China and growing economies in Asia-Pacific countries are contributing to the growth of an alternative marine power market in the Asia-Pacific region. During the predicted period, the Middle Eastern countries promise high market potential.

Key Players:

Noticeable players operating in the global alternate marine power market are ABB Ltd., Cavotec SA, Schneider Electric, Nidec ASI, MacGregor, PowerCon, Siemens, ESL Power Systems, Inc., VINCI Energies, Danfoss, Ratio Electric B.V., Piller Group GmbH, Wartsila, and Wabtec Corporation.

Impact of Covid-19 on Alternate Marine Power market:

Prior to COVID-19, the global alternative marine power technology market was expected to grow from $ 809.99 million in 2020 to $ 2,078 million by 2025, it is expected to grow at a CAGR of 12.5% ​​in 2020- 2025. Post the COVID-19 scenario, the alternative marine power technology market is expected to grow from USD 809.99 million in 2020 (a change from the market estimated for 2020 before the COVID outbreak) to USD 2,800 million by 2025, it is expected to grow at a CAGR of 21% during 2020-2025.

 

1. Introduction                             

              1.1 Market Definition                  

              1.2 Scope of the report               

              1.3 Study Assumptions               

              1.4 Base Currency, Base Year and Forecast Periods                       

2. Research Methodology                                       

              2.1 Analysis Design                      

              2.2 Research Phases                    

                             2.2.1 Secondary Research          

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling    

                             2.2.4 Expert Validation 

              2.3 Study Timeline                       

3. Report Overview                                    

              3.1 Executive Summary              

              3.2 Key Inferencees                     

4. Market Dynamics                                   

              4.1 Impact Analysis                      

                             4.1.1 Drivers     

                             4.1.2 Restaints 

                             4.1.3 Opportunities       

              4.2 Regulatory Environment                    

              4.3 Technology Timeline & Recent Trends                         

5. Competitor Benchmarking Analysis                                

              5.1 Key Player Benchmarking                   

                             5.1.1 Market share analysis       

                             5.1.2 Products/Service  

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape                   

              5.3 Joint Ventures & Collaborations                     

6. Market Segmentation                                          

              6.1 Alternative Marine Power Market, By Vessel                           

                             6.1.1 Container Vessels

                             6.1.2 Cruises     

                             6.1.3 Roll on/Roll-off Ships        

                             6.1.4 Market Size Estimations & Forecasts (2019-2024) 

                             6.1.5 Y-o-Y Growth Rate Analysis            

                             6.1.6 Market Attractiveness Index          

              6.2 Alternative Marine Power Market, By Power                           

                             6.2.1 Up to 2 MW          

                             6.2.2 2 MW – 5 MW      

                             6.2.3 Above 5 MW         

                             6.2.4 Market Size Estimations & Forecasts (2019-2024) 

                             6.2.5 Y-o-Y Growth Rate Analysis            

                             6.2.6 Market Attractiveness Index          

7. Geographical Landscape                                     

              7.1 Global Identity Governance and Administration Market, by Region                            

              7.2 North America - Market Analysis (2018 - 2024)                        

                             7.2.1 By Country            

                                           7.2.1.1 USA

                                           7.2.1.2 Canada

                             7.2.2 By Vessel 

                             7.2.3 By Power 

              7.3 Europe                      

                             7.3.1 By Country            

                                           7.3.1.1 UK

                                           7.3.1.2 France

                                           7.3.1.3 Germany

                                           7.3.1.4 Spain

                                           7.3.1.5 Italy

                                           7.3.1.6 Rest of Europe

                             7.3.2 By Vessel 

                             7.3.3 By Power 

              7.4 Asia Pacific                

                             7.4.1 By Country            

                                           7.4.1.1 China

                                           7.4.1.2 India

                                           7.4.1.3 Japan

                                           7.4.1.4 South Korea

                                           7.4.1.5 South East Asia

                                           7.4.1.6 Australia & NZ

                                           7.4.1.7 Rest of Asia-Pacific

                             7.4.2 By Vessel 

                             7.4.3 By Power 

              7.5 Latin America                         

                             7.5.1 By Country            

                                           7.5.1.1 Brazil

                                           7.5.1.2 Argentina

                                           7.5.1.3 Mexico

                                           7.5.1.4 Rest of Latin America

                             7.5.2 By Vessel 

                             7.5.3 By Power 

              7.6 Middle East and Africa                       

                             7.6.1 By Country            

                                           7.6.1.1 Middle East

                                           7.6.1.2 Africa

                             7.6.2 By Vessel 

                             7.6.3 By Power 

8. Key Player Analysis                                

              8.1 ABB Ltd                      

                             8.1.1 Business Description         

                             8.1.2 Products/Service  

                             8.1.3 Financials

                             8.1.4 SWOT Analysis     

                             8.1.5 Recent Developments       

                             8.1.6 Analyst Overview 

              8.2 Cavotec SA                

              8.3 Schneider Electric                  

              8.4 Nidec ASI                   

              8.5 MacGregor               

              8.6 PowerCon                 

              8.7 Siemens AG              

              8.8 ESL Power Systems, Inc                      

              8.9 Danfoss                     

              8.10 Ratio Electric B.V                 

9. Market Outlook & Investment Opportunities                             

Appendix                                       

              List of Tables                   

              List of Figures                 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Alternative Marine Power Market By Region, From 2020-2025 ( USD Billion )
  2. Global Alternative Marine Power Market By Vessel, From 2020-2025 ( USD Billion )
  3. Global Container Vessels Market By Region, From 2020-2025 ( USD Billion )
  4. Global Cruises Market By Region, From 2020-2025 ( USD Billion )
  5. Global Roll on/Roll-off Ships Market By Region, From 2020-2025 ( USD Billion )
  6. Global Alternative Marine Power Market By Power, From 2020-2025 ( USD Billion )
  7. Global Up to 2 MW Market By Region, From 2020-2025 ( USD Billion )
  8. Global 2 MW – 5 MW Market By Region, From 2020-2025 ( USD Billion )
  9. Global Above 5 MW Market By Region, From 2020-2025 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample