Report: Shore Power Utility Electricity Revenues in Port Operations to Total $1.6 Billion Between 2015 and 2024

Navigant Research says global port operations revenues from shore power utility electricity will total $1.6 billion from 2015 to 2024.

Navigant Research says a new report shows that global port operations revenues from shore power utility electricity are expected to total $1.6 billion between 2015 and 2024.

The report, titled Energy-Efficient Port Operations, is said to examine the "energy-efficient port operations market," focusing especially on shore power and natural gas drayage trucks, and analysing the drivers of energy-efficient technology uptake within port operations, such as financial, regulatory, environmental, and economic factors.

"Energy efficient technologies are helping to make the shipping industry cleaner through the reduced use of diesel fuel," said Ryan Citron, a research analyst at 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."

The report is said to point to port authorities' lack of operational control as the "primary barrier" to increasing uptake of more energy efficient technologies at ports.

Navigant Research says that port operators, which make most decisions regarding equipment and vehicle upgrades, tend to have less of a vested interest in improving ports' air quality at ports, leaving regulations as the primary market recourse to improve energy efficiency.

The report is said to also examine the leading energy-efficient ports around the world, and the competitive landscape for port suppliers and operators.

In August, a report by Navigant Research forecast that shore power will become the "most impactful tool in making ports more energy efficient."