Whizolosophy | France Shore Power Market Set To Surge Significantly During 2024

France Shore Power Market

The France Shore Power Market has been steadily evolving in response to stringent environmental regulations and a growing emphasis on reducing emissions from maritime activities. Shore power, also known as cold ironing or Alternative Maritime Power (AMP), involves providing electrical power to ships while they are docked, allowing them to shut down their auxiliary engines. This significantly reduces air pollution, noise, and greenhouse gas emissions in port areas.

In France, the adoption of shore power solutions has been driven by both governmental policies and industry initiatives. Ports across the country, including major ones like Marseille, Le Havre, and Dunkirk, have been implementing shore power infrastructure to accommodate cruise ships, ferries, and other vessels. This infrastructure typically includes high-voltage electrical connections at berths, enabling ships to connect to the local electrical grid and power their onboard systems without relying on diesel generators.

The regulatory framework supporting shore power in France includes European directives aimed at reducing air emissions from ships, as well as national regulations promoting sustainable port operations. These regulations encourage ports to invest in shore power infrastructure and incentivize shipping companies to use cleaner technologies.

Furthermore, the economic benefits of shore power in France are becoming increasingly apparent. By reducing fuel consumption and maintenance costs associated with onboard generators, shore power helps shipping operators achieve operational savings while enhancing their environmental credentials. Ports also benefit from improved air quality and reduced noise pollution, contributing to better living conditions for local communities.

Looking ahead, the France Shore Power Market is poised for further growth as more ports expand their infrastructure and more shipping companies prioritize environmental sustainability. Continued support from policymakers, advancements in shore power technology, and collaboration between stakeholders will play crucial roles in accelerating the adoption of shore power solutions across French ports.

The shore power market is expected to grow from USD 1 billion in 2023 to USD 2.4 billion by 2032, at a CAGR of 10.01% during the forecast period. Shore power, also known as onshore power supply (OPS), is an alternative to auxiliary engines for providing electricity to ships while they are berthed. It is a more sustainable and environmentally friendly option, as it reduces air and noise pollution, and greenhouse gas emissions.

Key Players

Cochran Marine ILC (US)
ABB (Switzerland)
General Electric (US)
Wartsila (Finland)
Siemens (Germany)
Cavotec SA (Switzerland)
Danfoss (Denmark)
Igus (Germany)
VINCI Energies (France)
Schneider Electric (France)
Smart Plug Systems (US)
AC Power Corp. (Taiwan)
ESL Power Systems Inc (US)
Blueday Technology (Norway)

Regional Analysis

The Global Port-side Power Supply Market Size is segmented into regions such as North America, Europe, Asia- Pacific, Middle East & Africa, and South America.

North America has commendatory rules in many states across the country. It's estimated that the shore power systems would be extensively adopted and applied in North America. The US and Canada are two of the region's most expressive countries.

Because of the sea-bound transportation of goods, the North American region sees a lot of ship traffic. Further, the US and Canada are among the world’s commanding oil producers, exporting their products to their nations. North America is expected to hold the largest market share for the shore power market during the forecast period.

Asia- Pacific is projected to experience the highest adoption and deployment of shore power systems. Also, these nations are home to several big ports that are among the busiest in the world. China, Japan, Australia, South Korea, India, Singapore, and the rest of Asia- Pacific are significant countries.

The Philippines, Malaysia, Taiwan, and Thailand frame up the rest of the Asia- Pacific. The Asia- Pacific region sees a lot of vessel stir throughout the year due to nations like China, Japan, and South Korea, all of which have expressive manufacturing industries. The Asia Pacific is the rapidly- growing shore power market.

Market Segmentation

The shore power Market is divided into following by;

Power output: