Shore Power Market Analysis and Outlook Report: Industry Size, Share, Growth Trends, and Forecast (2025-2034)

Published On: Jan, 2025
|
Pages: 157

"The Global Shore Power Market valued at USD 2. Billion in 2024, is expected to grow by 11.3% CAGR to reach market size worth USD 5.8 Billion by 2034."

The shore power market is experiencing a transformative phase, driven by an increasing awareness of environmental sustainability and the push for greener alternatives in maritime operations. As global shipping activity surges, the need to reduce emissions while docked has led to a significant shift towards shore power solutions. These systems enable vessels to connect to the local electrical grid, thereby allowing them to turn off their onboard generators and minimize harmful air pollutants. Notably, in 2024, advancements in technology have further improved the efficiency and reliability of shore power systems, ensuring a seamless transition for ships while docked at ports. This transition is not only beneficial for the environment but also enhances the overall operational efficiency of ports, making them more attractive to shipping companies.

In 2025, the shore power market is expected to see considerable growth momentum, fueled by regulatory support and increased investment in port infrastructure. The International Maritime Organization (IMO) has been advocating for stricter emissions regulations, propelling ports to adopt shore power systems as a compliant solution. Moreover, collaboration among stakeholders, including governments, port authorities, and shipping companies, is anticipated to result in innovative financing models, enabling broader adoption of shore power technology. With a robust focus on decarbonization and sustainable practices, the shore power market stands poised for accelerated growth, underscoring the industry's commitment to environmental stewardship and responsible resource management.
The Global Shore Power Market Analysis Report will provide a comprehensive assessment of business dynamics, offering detailed insights into how companies can navigate the evolving landscape to maximize their market potential through 2034. This analysis will be crucial for stakeholders aiming to align with the latest industry trends and capitalize on emerging market opportunities.

Shore Power Market Strategy, Price Trends, Drivers, Challenges and Opportunities to 2034

In terms of market strategy, price trends, drivers, challenges, and opportunities from2025 to 2034, Shore Power market players are directing investments toward acquiring new technologies, securing raw materials through efficient procurement and inventory management, enhancing product portfolios, and leveraging capabilities to sustain growth amidst challenging conditions. Regional-specific strategies are being emphasized due to highly varying economic and social challenges across countries.

Factors such as global economic slowdown, the impact of geopolitical tensions, delayed growth in specific regions, and the risks of stagflation necessitate a vigilant and forward-looking approach among Shore Power industry players. Adaptations in supply chain dynamics and the growing emphasis on cleaner and sustainable practices further drive strategic shifts within companies.

The market study delivers a comprehensive overview of current trends and developments in the Shore Power industry, complemented by detailed descriptive and prescriptive analyses for insights into the market landscape until 2034.
The North America Shore Power Market Outlook

The North America Shore Power market experienced notable growth in 2024, driven by advancements in sustainable materials and smart infrastructure solutions. Increasing investment in green building initiatives, alongside stringent environmental regulations, has bolstered demand for high-performance products. The Shore Power market is poised for accelerated growth from 2025, supported by factors such as federal incentives for energy-efficient buildings, a rebound in construction activity, and the adoption of smart technologies across residential and commercial projects. The competitive landscape features key players focusing on innovation, partnerships, and expansion, leveraging advancements in digital design and manufacturing to enhance efficiency and cost-effectiveness.

Europe Shore Power Market Outlook


In Europe, the Shore Power market flourished in 2024, driven by regulatory mandates emphasizing sustainability and energy efficiency. Urban redevelopment projects, coupled with the EU's green initiatives, have catalyzed demand for eco-friendly construction materials. Growth from 2025 is expected to be propelled by continued technological innovation and funding for smart city projects, with emphasis on renewable energy integration and resilient infrastructure. Key competitors in the region are investing in circular economy models and expanding production capacity to address rising demand, particularly in markets like Germany, France, and the UK.

Asia-Pacific Shore Power Market Forecast


The Asia-Pacific Shore Power market witnessed robust growth in 2024, underpinned by rapid urbanization, infrastructure expansion, and rising residential construction activity in countries such as China and India. Significant demand was observed in markets like shotcrete, protective packaging, and pressure vessels, driven by large-scale infrastructure projects and industrial development. From 2025, growth is anticipated to accelerate due to government initiatives aimed at affordable housing and modernizing aging infrastructure. Competitive dynamics in the region are shaped by strategic alliances, local manufacturing setups, and R&D investments, with global and regional players striving to meet the surging demand for high-performance materials and smart solutions.

Middle East, Africa, Latin America Shore Power Market Overview


The Middle East, Africa, Latin America Shore Power market showed steady progress in 2024, fueled by infrastructure development in regions like the Middle East and Africa and industrial growth in South America. Markets such as bulk terminals, busway-bus duct, and shore power benefited from growing trade, port development, and energy efficiency mandates. Anticipated growth from 2025 will be driven by investment in megaprojects, such as smart cities and renewable energy installations, alongside increasing adoption of sustainable construction practices. Regional competitors focus on cost optimization and localization strategies, while global players expand their footprint through partnerships and customized offerings tailored to local needs.

Shore Power Market Dynamics and Future Analytics

The research analyses the Shore Power parent market, derived market, intermediaries’ market, raw material market, and substitute market are all evaluated to better prospect the Shore Power market outlook. Geopolitical analysis, demographic analysis, and Porter’s five forces analysis are prudently assessed to estimate the best Shore Power market projections.

Recent deals and developments are considered for their potential impact on Shore Power's future business. Other metrics analyzed include the Threat of New Entrants, Threat of New Substitutes, Product Differentiation, Degree of Competition, Number of Suppliers, Distribution Channel, Capital Needed, Entry Barriers, Govt. Regulations, Beneficial Alternative, and Cost of Substitute in Shore Power market.

Shore Power trade and price analysis helps comprehend Shore Power's international market scenario with top exporters/suppliers and top importers/customer information. The data and analysis assist our clients in planning procurement, identifying potential vendors/clients to associate with, understanding Shore Power price trends and patterns, and exploring new Shore Power sales channels. The research will be updated to the latest month to include the impact of the latest developments such as the Russia-Ukraine war on the Shore Power market.

Shore Power Market Structure, Competitive Intelligence and Key Winning Strategies

The report presents detailed profiles of top companies operating in the Shore Power market and players serving the Shore Power value chain along with their strategies for the near, medium, and long term period.

OGAnalysis’ proprietary company revenue and product analysis model unveils the Shore Power market structure and competitive landscape. Company profiles of key players with a business description, product portfolio, SWOT analysis, Financial Analysis, and key strategies are covered in the report. It identifies top-performing Shore Power products in global and regional markets. New Product Launches, Investment & Funding updates, Mergers & Acquisitions, Collaboration & Partnership, Awards and Agreements, Expansion, and other developments give our clients the Shore Power market update to stay ahead of the competition.
Company offerings in different segments across Asia-Pacific, Europe, the Middle East, Africa, and South and Central America are presented to better understand the company strategy for the Shore Power market. The competition analysis enables users to assess competitor strategies and helps align their capabilities and resources for future growth prospects to improve their market share.

Shore Power Market Research Scope
• Global Shore Power market size and growth projections (CAGR), 2024- 2034
• Policies of USA New President Trump, Russia-Ukraine War, Israel-Palestine, Middle East Tensions Impact on the Shore Power Trade and Supply-chain
• Shore Power market size, share, and outlook across 5 regions and 27 countries, 2023- 2034
• Shore Power market size, CAGR, and Market Share of key products, applications, and end-user verticals, 2023- 2034
• Short and long-term Shore Power market trends, drivers, restraints, and opportunities
• Porter’s Five Forces analysis, Technological developments in the Shore Power market, Shore Power supply chain analysis
• Shore Power trade analysis, Shore Power market price analysis, Shore Power supply/demand
• Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products
• Latest Shore Power market news and developments
The Shore Power Market international scenario is well established in the report with separate chapters on North America Shore Power Market, Europe Shore Power Market, Asia-Pacific Shore Power Market, Middle East and Africa Shore Power Market, and South and Central America Shore Power Markets. These sections further fragment the regional Shore Power market by type, application, end-user, and country.

Regional Insights
North America Shore Power market data and outlook to 2034
United States
Canada
Mexico

Europe Shore Power market data and outlook to 2034
Germany
United Kingdom
France
Italy
Spain
BeNeLux
Russia

Asia-Pacific Shore Power market data and outlook to 2034
China
Japan
India
South Korea
Australia
Indonesia
Malaysia
Vietnam

Middle East and Africa Shore Power market data and outlook to 2034
Saudi Arabia
South Africa
Iran
UAE
Egypt

South and Central America Shore Power market data and outlook to 2034
Brazil
Argentina
Chile
Peru

* We can include data and analysis of additional coutries on demand

Who can benefit from this research
The research would help top management/strategy formulators/business/product development/sales managers and investors in this market in the following ways
1. The report provides 2024 Shore Power market sales data at the global, regional, and key country levels with a detailed outlook to 2034 allowing companies to calculate their market share and analyze prospects, uncover new markets, and plan market entry strategy.

2. The research includes the Shore Power market split into different types and applications. This segmentation helps managers plan their products and budgets based on the future growth rates of each segment

3. The Shore Power market study helps stakeholders understand the breadth and stance of the market giving them information on key drivers, restraints, challenges, and growth opportunities of the market and mitigating risks

4. This report would help top management understand competition better with a detailed SWOT analysis and key strategies of their competitors, and plan their position in the business

5. The study assists investors in analyzing Shore Power business prospects by region, key countries, and top companies' information to channel their investments.

Available Customizations
The standard syndicate report is designed to serve the common interests of Shore Power Market players across the value chain and include selective data and analysis from entire research findings as per the scope and price of the publication.
However, to precisely match the specific research requirements of individual clients, we offer several customization options to include the data and analysis of interest in the final deliverable.
Some of the customization requests are as mentioned below –
Segmentation of choice – Our clients can seek customization to modify/add a market division for types/applications/end-uses/processes of their choice.
Shore Power Pricing and Margins Across the Supply Chain, Shore Power Price Analysis / International Trade Data / Import-Export Analysis,
Supply Chain Analysis, Supply – Demand Gap Analysis, PESTLE Analysis, Macro-Economic Analysis, and other Shore Power market analytics
Processing and manufacturing requirements, Patent Analysis, Technology Trends, and Product Innovations
Further, the client can seek customization to break down geographies as per their requirements for specific countries/country groups such as South East Asia, Central Asia, Emerging and Developing Asia, Western Europe, Eastern Europe, Benelux, Emerging and Developing Europe, Nordic countries, North Africa, Sub-Saharan Africa, Caribbean, The Middle East and North Africa (MENA), Gulf Cooperation Council (GCC) or any other.
Capital Requirements, Income Projections, Profit Forecasts, and other parameters to prepare a detailed project report to present to Banks/Investment Agencies.
Customization of up to 10% of the content can be done without any additional charges.

Note Latest developments will be updated in the report and delivered within 2 to 3 working days
1. Table of Contents
1.1 List of Tables
1.2 List of Figures

2. Global Shore Power Market Review, 2024
2.1 Shore Power Industry Overview
2.2 Research Methodology

3. Shore Power Market Insights
3.1 Shore Power Market Trends to 2034
3.2 Future Opportunities in Shore Power Market
3.3 Dominant Applications of Shore Power, 2024 Vs 2034
3.4 Key Types of Shore Power, 2024 Vs 2034
3.5 Leading End Uses of Shore Power Market, 2024 Vs 2034
3.6 High Prospect Countries for Shore Power Market, 2024 Vs 2034

4. Shore Power Market Trends, Drivers, and Restraints
4.1 Latest Trends and Recent Developments in Shore Power Market
4.2 Key Factors Driving the Shore Power Market Growth
4.2 Major Challenges to the Shore Power industry, 2025- 2034
4.3 Impact of Wars and geo-political tensions on Shore Power supply chain

5 Five Forces Analysis for Global Shore Power Market
5.1 Shore Power Industry Attractiveness Index, 2024
5.2 Shore Power Market Threat of New Entrants
5.3 Shore Power Market Bargaining Power of Suppliers
5.4 Shore Power Market Bargaining Power of Buyers
5.5 Shore Power Market Intensity of Competitive Rivalry
5.6 Shore Power Market Threat of Substitutes

6. Global Shore Power Market Data – Industry Size, Share, and Outlook
6.1 Shore Power Market Annual Sales Outlook, 2025- 2034 ($ Million)
6.1 Global Shore Power Market Annual Sales Outlook by Type, 2025- 2034 ($ Million)
6.2 Global Shore Power Market Annual Sales Outlook by Application, 2025- 2034 ($ Million)
6.3 Global Shore Power Market Annual Sales Outlook by End-User, 2025- 2034 ($ Million)
6.4 Global Shore Power Market Annual Sales Outlook by Region, 2025- 2034 ($ Million)

7. Asia Pacific Shore Power Industry Statistics – Market Size, Share, Competition and Outlook
7.1 Asia Pacific Market Insights, 2024
7.2 Asia Pacific Shore Power Market Revenue Forecast by Type, 2025- 2034 (USD Million)
7.3 Asia Pacific Shore Power Market Revenue Forecast by Application, 2025- 2034(USD Million)
7.4 Asia Pacific Shore Power Market Revenue Forecast by End-User, 2025- 2034 (USD Million)
7.5 Asia Pacific Shore Power Market Revenue Forecast by Country, 2025- 2034 (USD Million)
7.5.1 China Shore Power Analysis and Forecast to 2034
7.5.2 Japan Shore Power Analysis and Forecast to 2034
7.5.3 India Shore Power Analysis and Forecast to 2034
7.5.4 South Korea Shore Power Analysis and Forecast to 2034
7.5.5 Australia Shore Power Analysis and Forecast to 2034
7.5.6 Indonesia Shore Power Analysis and Forecast to 2034
7.5.7 Malaysia Shore Power Analysis and Forecast to 2034
7.5.8 Vietnam Shore Power Analysis and Forecast to 2034

7.6 Leading Companies in Asia Pacific Shore Power Industry

8. Europe Shore Power Market Historical Trends, Outlook, and Business Prospects
8.1 Europe Key Findings, 2024
8.2 Europe Shore Power Market Size and Percentage Breakdown by Type, 2025- 2034 (USD Million)
8.3 Europe Shore Power Market Size and Percentage Breakdown by Application, 2025- 2034 (USD Million)
8.4 Europe Shore Power Market Size and Percentage Breakdown by End-User, 2025- 2034 (USD Million)
8.5 Europe Shore Power Market Size and Percentage Breakdown by Country, 2025- 2034 (USD Million)
8.5.1 2024 Germany Shore Power Market Size and Outlook to 2034
8.5.2 2024 United Kingdom Shore Power Market Size and Outlook to 2034
8.5.3 2024 France Shore Power Market Size and Outlook to 2034
8.5.4 2024 Italy Shore Power Market Size and Outlook to 2034
8.5.5 2024 Spain Shore Power Market Size and Outlook to 2034
8.5.6 2024 BeNeLux Shore Power Market Size and Outlook to 2034
8.5.7 2024 Russia Shore Power Market Size and Outlook to 2034

8.6 Leading Companies in Europe Shore Power Industry

9. North America Shore Power Market Trends, Outlook, and Growth Prospects
9.1 North America Snapshot, 2024
9.2 North America Shore Power Market Analysis and Outlook by Type, 2025- 2034($ Million)
9.3 North America Shore Power Market Analysis and Outlook by Application, 2025- 2034($ Million)
9.4 North America Shore Power Market Analysis and Outlook by End-User, 2025- 2034($ Million)
9.5 North America Shore Power Market Analysis and Outlook by Country, 2025- 2034($ Million)
9.5.1 United States Shore Power Market Analysis and Outlook
9.5.2 Canada Shore Power Market Analysis and Outlook
9.5.3 Mexico Shore Power Market Analysis and Outlook
9.6 Leading Companies in North America Shore Power Business

10. Latin America Shore Power Market Drivers, Challenges, and Growth Prospects
10.1 Latin America Snapshot, 2024
10.2 Latin America Shore Power Market Future by Type, 2025- 2034($ Million)
10.3 Latin America Shore Power Market Future by Application, 2025- 2034($ Million)
10.4 Latin America Shore Power Market Future by End-User, 2025- 2034($ Million)
10.5 Latin America Shore Power Market Future by Country, 2025- 2034($ Million)
10.5.1 Brazil Shore Power Market Analysis and Outlook to 2034
10.5.2 Argentina Shore Power Market Analysis and Outlook to 2034
10.5.3 Chile Shore Power Market Analysis and Outlook to 2034

10.6 Leading Companies in Latin America Shore Power Industry

11. Middle East Africa Shore Power Market Outlook and Growth Prospects
11.1 Middle East Africa Overview, 2024
11.2 Middle East Africa Shore Power Market Statistics by Type, 2025- 2034 (USD Million)
11.3 Middle East Africa Shore Power Market Statistics by Application, 2025- 2034 (USD Million)
11.4 Middle East Africa Shore Power Market Statistics by End-User, 2025- 2034 (USD Million)
11.5 Middle East Africa Shore Power Market Statistics by Country, 2025- 2034 (USD Million)
11.5.1 South Africa Shore Power Market Outlook
11.5.2 Egypt Shore Power Market Outlook
11.5.3 Saudi Arabia Shore Power Market Outlook
11.5.4 Iran Shore Power Market Outlook
11.5.5 UAE Shore Power Market Outlook

11.6 Leading Companies in Middle East Africa Shore Power Business

12. Shore Power Market Structure and Competitive Landscape
12.1 Key Companies in Shore Power Business
12.2 Shore Power Key Player Benchmarking
12.3 Shore Power Product Portfolio
12.4 Financial Analysis
12.5 SWOT and Financial Analysis Review

14. Latest News, Deals, and Developments in Shore Power Market
14.1 Shore Power trade export, import value and price analysis

15 Appendix
15.1 Publisher Expertise
15.2 Shore Power Industry Report Sources and Methodology

Get Free Sample

At OG Analysis, we understand the importance of informed decision-making in today's dynamic business landscape. To help you experience the depth and quality of our market research reports, we offer complimentary samples tailored to your specific needs.

Start Now! Please fill the form below for your free sample.

Why Request a Free Sample?

Evaluate Our Expertise: Our reports are crafted by industry experts and seasoned analysts. Requesting a sample allows you to assess the depth of research and the caliber of insights we provide.

Tailored to Your Needs: Let us know your industry, market segment, or specific topic of interest. Our free samples are customized to ensure relevance to your business objectives.

Witness Actionable Insights: See firsthand how our reports go beyond data, offering actionable insights and strategic recommendations that can drive your business forward.

Embark on your journey towards strategic decision-making by requesting a free sample from OG Analysis. Experience the caliber of insights that can transform the way you approach your business challenges.

You can purchase individual sections of this report. Explore pricing options for specific sections.

FAQ's

The Global Shore Power Market is estimated to generate USD 2.1 Billion in revenue in 2025

The Global Shore Power Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 11.3% during the forecast period from 2025 to 2034.

The Shore Power Market is estimated to reach USD 5.8 Billion by 2034.

License

Didn’t find what you’re looking for? TALK TO OUR ANALYST TEAM

Need something within your budget? NO WORRIES! WE GOT YOU COVERED!

Related Products

Biochar Market Outlook Report

The Biochar Market is estimated at USD 252.8 Million in 2022. Further, the market is expected to grow from USD 284.6 Million in 2023 to USD 731.2 Million in 2030 at a CAGR of 14.4%. Biochar Market Market Overview Biochar is charcoal produced by carefully heating waste products, including animal dung, wood refuse, and agricultural waste. Among all the final applications, it is frequently employed as a soil amendment to lessen pollutants and hazardous elements and avoid soil leaching, moisture loss, and fertilizer runoff. More significant opportunities for market expansion are projected to result from environmental awareness, lower raw material costs, and unified government policies for waste management. Due to the absence of many large-scale manufacturers and the rising number of small- and medium-sized businesses, particularly in North America and Europe, the industry is divided into organized and unorganized sectors. Due to a lack of knowledge about the advantages of the products and their long-term benefits, the economies of the Asia Pacific and Middle Eastern countries are predicted to grow more slowly. High-quality biochar must be produced with significant financial commitment. It caused several businesses to abandon the industry during the past several years. Latest Trends in the Biochar Market Rising population leading to increasing demand for crops: A solid result of biomass pyrolysis is biochar. It is a porous, carbon-rich material used for various purposes, the most significant of which is soil remediation and enhancement. According to the World Health Organization, one in six individuals worldwide will be 60 years of age or older by 2030. By this point, there will be 1.4 billion people over 60, up from 1 billion in 2020. The number of persons in the globe who are 60 years or older will double by 2050. (2.1 billion). Between 2020 and 2050, the number of people 80 or older is projected to treble, reaching 426 million. Although population aging, or the movement in a nation's population's distribution towards older ages, began in high-income countries (for instance, in Japan, 30% of the population is already over 60 years old), the most significant shift is currently being seen in low- and middle-income nations. Two-thirds of the world's population over 60 will reside in low- and middle-income countries by 2050. The demand for the market under study is anticipated to rise over the medium term due to expanding applications for plant growth and development and increasing demand for organic foods in developing nations. Driving Factors Increasing Applications for Plant Growth and Development: The increased demand for crops has a significant negative impact on the environment, primarily due to habitat loss and deforestation, as well as fertilizing practices that harm aquatic and terrestrial ecosystems. Therefore, in the future, it will be essential to employ cutting-edge techniques and technology to provide excellent agricultural yields with minimal adverse effects on the environment. Because it has been shown that applying biochar to soil considerably alters the majority of physicochemical qualities along with plant features, it is one of several innovative tactics that could be used in a sustainable agriculture context. A thermochemical transformation of biomass at high temperatures and in complete or partial absence of oxygen results in the solid material known as biochar, which significantly lowers greenhouse gas emissions. It has been demonstrated that biochar can improve various soil properties, including macroaggregates, electrical conductivity, pH, total nitrates/nitrites, ammonia, nitrogen, extractable phosphorus, and cation exchange capacity. Market Challenges Unsettled Biochar Industry Hindering Market Growth: The biochar industry is unsteady, with little agreement regarding product standards, messages, or carbon accounting, which poses a hurdle to continued market expansion. More cooperation is possible to address these problems, particularly between mid- and large-scale manufacturers. According to conventional market analysis, for the biochar market and industry to expand, there needs to be uniformity in what consumers perceive and comprehend about the finished product designed for particular uses. For a client to anticipate the actual benefits, biochar needs consistent product qualities and the use of marketing jargon. Producers may and do create their companies on the strength of their accomplishments and reputations. This tactic might work well in one-on-one interactions and monopolies, but it won't work in a multifaceted market with many companies looking to grow. Companies Mentioned Airex Energy Inc. Arsta Eco Pvt Ltd. Frontline Bioenergy Llc Agri-Tech Producers, Llc (Atp) Biochar Solutions Inc Pacific Biochar Biochar Now

Published:Feb-2024

Charcoal Market Outlook Report

The Charcoal Market is estimated at USD 6,164 million in 2022. Further, the market is expected to grow from USD 6,360 million in 2023 to USD 7,723 million in 2030 at a CAGR of 2.81%. Charcoal Market Market Overview Charcoal is a black porous solid of carbon and other volatile constituents (plant & animal matter). Charcoal is usually produced by slow pyrolysis of biomass (carbonization), heating wood, bone char, sugar, or other materials in the absence of oxygen. Charcoal produces less smoking when burning, has high energy content per unit mass, is easily transported & stores, requires little preparation before use, and is reusable. The production and burning of charcoal release large amounts of GHG (Greenhouse Gases) into the atmosphere, mainly carbon dioxide and methane. Until now, the primary raw material for charcoal production has been fuelwood. However, because supplies of wood are often limited, various agricultural and forestry residues are used as raw materials for charcoal production. Charcoal is made from wood and about five tons of wood generally produces one ton of charcoal. The most important factor in efficiently converting wood to charcoal is the careful operation of kilns (traditional, brick & concrete, portable steel, mini charcoal). The types of charcoal include Briquettes, Hardwood Lump, Coconut Shell, Japanese Charcoal, Sugar charcoal, bamboo charcoal e.t.c. One of wood charcoal's most important historical applications was as a constituent of gunpowder. Charcoal is used for cooking & heating, and industrial processes in many developing countries. It was also used in metallurgical operations as a reducing agent, but the introduction of fuels such as coke or anthracite smalls has diminished its application. Latest Trends in Charcoal Market Support to Acquisition of Improved & Sustainable Charcoal Production Technology: The shift towards sustainable charcoal production systems is necessary to reduce negative impacts on forest biomass and livelihoods. Charcoal is produced using rudimentary technology (earth mound kilns) with a low conversion rate of 10 to 15%. As a result, up to 90% of wood is lost during the conversion process. About half the wood extracted worldwide from forests is used to produce energy for cooking and heating. Of all the wood used as fuel worldwide, about 17% is converted to charcoal. To promote improved technologies for greater efficiency of conversion of wood to charcoal by subsidizing the acquisition of up to 200 Casamance kilns by charcoal producers. Using improved Casamance kilns is anticipated to provide up to three times higher conversion of wood to charcoal than traditional earth-mound kilns, from 10 to 30–35%. The reduced wood requirement per unit of charcoal produced ultimately leads to less pressure on the wood resource. An estimated 1–2.4 Gt CO2e of greenhouse gases are emitted annually in the production and use of fuelwood and charcoal, which is 2–7% of global anthropogenic emissions. Driving Factors Rapid Urbanization & Industrialization Across the Globe: By 2050 more than two-thirds of the world’s population is estimated to live in urban areas. Africa’s urban population is estimated to rise from 40% to 56% by 2050, and Asia’s from 48% to 64%. Global demand for charcoal is rising due to the urban population in emerging economies. More than half the global population now lives in cities, and urban dwellers are restricted to charcoal use because of the easiness of production, access, transport, and tradition. Urbanization and population growth drive increased demand for charcoal, whilst deforestation reduces biomass stocks. With the increasing demand for charcoal and decreasing availability of biomass, policies are required to ensure secure energy supplies for urban households and reduce deforestation. Charcoal is often more affordable than alternative cooking fuels like LPG. In urban areas, where household incomes may be relatively low, charcoal becomes an attractive and cost-effective energy option for many residents. Market Challenges Increase in Deforestation: The major restraint hampering market growth and charcoal production is deforestation, i.e., the clearance of forest or woodland. Charcoal consumption is growing faster than firewood consumption, and its use is becoming a much larger part of the wood energy's total in Africa and South America. A large proportion of the area used for charcoal production has the potential for rapid forest recovery, especially with good post-harvest management. Although investment in charcoal production from forest plantations is increasing in tropical regions, mostly, biomass for charcoal production is mostly obtained from natural forests, where natural regeneration is the main source of forest recovery. Forest degradation associated with charcoal production is difficult to monitor and commonly overlooked and underrepresented in forest cover change and carbon emission estimates. The loss of forests due to charcoal production harms local ecosystems and wildlife. Many species, including endangered ones, depend on forests for their survival. Furthermore, deforestation caused by charcoal production can also result in soil erosion, as removing tree cover leaves the soil exposed to the elements. This can lead to degradation of soil quality, reduced fertility, and loss of agricultural productivity in the long run. Companies Mentioned The Clorox Company Kingsford Products Company Plantar Siderúrgica S/A Gryfskand sp. z o.o. Vina Global Imex Co., LTD Carbon Roots International: Mesjaya Sdn Bhd: Royal Oak Enterprises, LLC

Published:Feb-2024

Distribution Automation Solutions Market Outlook report

"The Distribution Automation Solutions Market is estimated at USD 13.96 billion in 2022. Further, the market is expected to grow from USD 14.8 billion in 2023 to USD 24.74 billion in 2030 at a CAGR of 7.4%." Distribution Automation Solutions Market Market Overview Distribution automation is an integrated solution/process consisting of field devices, communications and software applications designed to optimize power grid efficiency and reliability. Distribution automation solutions help make electric utility infrastructure smarter, more dynamic, and exceptionally resilient and secure. It can even optimize distributed generation resources and extend the life of existing assets. Distribution automation can improve the speed, cost, and accuracy of different key distribution system processes, including fault detection, feeder switching, and outage management; voltage monitoring and control; reactive power management; preventative equipment maintenance for critical substation and feeder line equipment; and grid integration of distributed energy resources. Distribution automation spans many functional and product areas including computer systems, application software, RTUs, communication systems and metering products. Latest Trends in Distribution Automation Solutions Market Increasing Investments to Upgrade Aging Grid Infrastructure The upgrade of aging power distribution systems & rising adoption of smart grids are major factors driving the distribution automation solutions market growth. Aging infrastructure is a key challenge anticipated to impact the power industry negatively. This has encouraged high investments in replacing or upgrading the existing infrastructure. Automation plays an important role in increasing the availability of distributed energy and modernizing grid infrastructure. Furthermore, the issues arising due to aging infrastructure demand the use of an intelligent approach for infrastructure development to optimize energy generation and energy distribution. Several countries are reluctant to maintain or upgrade their networks due to the high costs associated with electricity disruptions and the need for high investments. According to the U.S. Department of Energy, nearly 70% of the transmission and distribution lines are older than 25 years old. Thus, aging infrastructure is cited as a major hindrance to the constant power supply in the country. Driving Factors Surging Need for Improved Grid Reliability and Operating Efficiency: Distribution automation has emerged as an integral part of a modern grid and offers a path to maintain reliability and accommodate new technologies at a reasonable cost. The smart power distribution grids have evolved significantly, and such systems improve system reliability by reducing the frequency and duration of outages. They also optimize asset utilization and increase power quality. The application of modern automation concepts into the primary distribution substations enables utilities and operators to see better and deeper within their grid. Implementing automation into a distribution network increases grid visibility, reduces outage frequency and time, improves grid reliability and efficiency, and integrates more distributed energy resources. Improving grid reliability can reduce economic losses and customer inconveniences from sustained power interruptions. The functionality ranges from monitoring to fully automated applications, including new solutions such as FLISR, voltage and reactive power compensation, and power quality. Market Challenges High Capital Requirement for Installation & Maintenance: Despite these drivers, the high capital requirement for installation and maintenance of distribution automation systems and a large volume of data to process and analyze are the major restraints hampering the market growth during the forecast period. Integrating different vendors, including information technology providers, communication network suppliers and hardware suppliers, is also important to create products that prepare automation companies to meet future demand. Currently, the prices of distribution automation equipment are increasing significantly due to the increase in the raw materials they are made from. The prices of these materials are increasing significantly as a result of their scarcity and because of inflation. Several vendors have endeavored to absorb the increase in raw materials prices to remain cost-competitive. However, as the raw materials are still expensive, they suffer from reduced profit margins. Moreover, end-users require constant maintenance and support from vendors, which increases the overall cost for the vendors. Companies Mentioned General Electric Company Fujitsu Limited. ABB Ltd Eaton Corporation plc Schneider Electric SE Itron Inc. Honeywell International Inc. Mitsubishi Electric Corporation Siemens AG

Published:Feb-2024