Global Shore Power Utility Electricity Revenue in Port Operations is Expected to Total $1.6 Billion from 2015 to 2024, According to Navigant Research
By Business Wire News
A recent report from Navigant Research analyzes the global market for energy-efficient port operations, with a focus on natural gas drayage trucks and shore electricity power, including forecasts that extend through 2024.
The transfer of goods is an essential part of the global economy, and ports are a primary mechanism for moving cargo from ships and onto trucks to be dispersed on land. Day-to-day port operations have significant impacts on the surrounding environment, and port authorities and operators are using different technologies and strategies to address these issues and become more sustainable. Click to tweet: According to a recent report from Navigant Research, global shore power utility electricity revenue in port operations is expected to total $1.6 billion from 2015 to 2024.
“Energy efficient technologies are helping to make the shipping industry cleaner through the reduced use of diesel fuel,” says Ryan Citron, research analyst with Navigant Research. “Although transporting goods by ship to and from ports has a considerable impact on the environment, shipping is still a relatively effective mode of moving goods when compared to transport by truck or by plane.”
A lack of operational control on the behalf of port authorities serves as a primary barrier to introducing more energy efficient technologies at ports, according to the report. Port operators make most decisions regarding equipment and vehicle upgrades and can have less of a vested interest in improving air quality at ports; this lack of control by authorities often leads to regulations being the primary market driver for energy efficiency improvements.
The report, Energy-Efficient Port Operations, examines the energy-efficient port operations market, with a particular focus on natural gas drayage trucks and shore power. The study analyzes the drivers for energy-efficient technologies used in port operations, including financial, regulatory, environmental, and economic factors. Global forecasts of the energy-efficient port operations market extend through 2024. The report also examines the leading energy-efficient ports around the world, as well as the competitive landscape for port operators and suppliers. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Energy-Efficient Port Operations, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.