Shore Power Market Is Projected To Grow Robustly

Shore Power Market Summary

The global shore power market size was estimated at USD 2.22 billion in 2024 and is projected to reach USD 4.0 billion by 2030, growing at a CAGR of 10.6% from 2025 to 2030. The market is witnessing strong growth momentum, supported by the maritime industry’s transition toward cleaner and more sustainable practices. The rising emphasis on reducing greenhouse gas emissions and curbing dependence on fossil fuels is a key factor driving the increasing adoption of shore power systems at ports worldwide.

Shore power enables docked vessels to connect to onshore electricity, thereby shutting down their auxiliary engines and reducing both air and noise pollution. This approach not only improves environmental quality around ports but also enhances energy efficiency. With the growing pressure to adopt sustainable port operations, the demand for shore power infrastructure is rapidly accelerating.

Stringent environmental regulations are serving as a major catalyst for market expansion. International bodies such as the International Maritime Organization (IMO) have introduced strict emission limits for sulfur oxides (SOx) and nitrogen oxides (NOx). These mandates are compelling port authorities and ship operators to invest in shore power infrastructure. Additionally, heightened public awareness about air quality and its impact on human health is further pushing governments and port operators to embrace cleaner alternatives.

Key Market Trends & Insights

• In 2024, the Asia Pacific region dominated the market with the largest revenue share of 35.16%, supported by rapid port development, growing trade volumes, and strong government initiatives to reduce maritime emissions.
• Within the region, China accounted for the largest share, driven by its expanding port infrastructure and aggressive investments in clean energy technologies.
• By connection type, the retrofit segment captured the largest revenue share in 2024, as many existing vessels and port facilities are being upgraded with shore power capabilities.
• By type, the shoreside segment accounted for the dominant revenue share of 87.9% in the same year, reflecting heavy investments in port-side infrastructure.
• Based on power rating, the up to 30 MVA segment led the market in 2024, attributed to its suitability for a wide range of vessels and port operations.

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Market Size & Forecast

• 2024 Market Size: USD 2.22 Billion
• 2030 Projected Market Size: USD 4.0 Billion
• CAGR (2025-2030): 10.6%
• Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights

Some key companies in the shore power industry include Siemens Energy, ABB, and General Electric Company. Companies are adopting several organic and inorganic growth strategies, such as new technological development, research & development, mergers & acquisitions, and joint ventures to maintain and expand their market shares.

• Siemens Energy focuses on developing advanced shore connection systems that enable ships to plug into onshore electricity while docked, significantly reducing emissions and fuel consumption. The company offers turnkey shore power solutions tailored to international port standards and supports global decarbonization efforts through integrated energy infrastructure.
• ABB is a pioneer in shore-to-ship power technology, delivering scalable and modular systems that help ports and vessels cut emissions and noise pollution. ABB’s shore power solutions are installed at numerous major ports worldwide, reflecting the company’s commitment to sustainability and innovation in marine electrification.

Key Players

• General Electric Company
• Siemens Energy
• Schneider Electric
• ABB
• Eaton
• Conntek Integrated Solutions, Inc.
• Langley Holdings plc.
• Power Systems International
• Sydney Marine Electrical
• BLUEDAY

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Conclusion

The global shore power market is positioned for significant growth as the maritime industry accelerates its shift toward sustainable solutions. The combined influence of stringent emission regulations, public demand for cleaner port operations, and advances in power infrastructure is creating a favorable environment for widespread adoption. Asia Pacific, led by China, will continue to be a leading growth hub due to its rapid trade expansion and government-backed initiatives. With retrofit solutions, shoreside installations, and moderate power ratings dominating the landscape, shore power is set to play a pivotal role in reducing maritime emissions and shaping a greener future.