Unlocking New Growth Avenues in the Shore Power Market: Trends & Forecast Insights
The shore power market was estimated at USD 1.68 billion in 2022 and is likely to grow at a CAGR of 11.51% during 2023-2028 to reach USD 3.23 billion in 2028.
Shore power is the delivery of electrical power to a shore-side ship when its engines are damaged and shut down. It helps save the consumption of fuels and eliminates air pollution caused due to fuel.
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