Shore Power Market

Market Definition

The market encompasses land-based electrical systems designed to provide power to vessels while docked, enabling the shutdown of onboard auxiliary engines to reduce emissions and fuel consumption. It includes components including transformers, switchgear, frequency converters, cable management systems, and connection interfaces. 

The market covers solutions implemented at commercial ports for cargo ships, cruise liners, and naval vessels to support regulatory compliance, environmental sustainability, and operational efficiency. The report examines industry trends, regional developments, and regulatory frameworks impacting market growth through the projection period.

Shore Power Market Overview

The global shore power market size was valued at USD 2,051.4 million in 2024 and is projected to grow from USD 2,238.6 million in 2025 to USD 4,435.2 million by 2032, exhibiting a CAGR of 10.26% during the forecast period. Government funding drives cleaner ports and sustainability, while technological advancements enhance energy efficiency, connectivity, and reliability, modernizing maritime infrastructure, together driving the market forward.

Major companies operating in the Shore Power industry are ABB, Schneider Electric, Eaton., Siemens, Hitachi Energy Ltd, Wärtsilä, VINCI Energies, Wabtec Corporation., Cavotec SA, igus, de Langley Holdings Langley Holdings plc, Dabico., Tec Container S.A., ESL Power Systems, Inc., Damen Shipyards Group, and others.

Rising emphasis on reducing emissions from docked vessels is accelerating the adoption of shore power systems across global ports. By enabling ships to connect to onshore electricity rather than relying on onboard auxiliary engines, ports are minimizing air and noise pollution. This transition aligns with international sustainability mandates, enhances environmental compliance, and significantly drives the growth of the market across major maritime trade routes.

Key Highlights:

1. The shore power industry size was recorded at USD 2,051.4 million in 2024.
2. The market is projected to grow at a CAGR of 10.26% from 2025 to 2032.
3. Asia Pacific held a market share of 36.33% % in 2024, with a valuation of USD 745.3 million.
4. The frequency converters segment garnered USD 784.0 million in revenue in 2024.
5. The shoreside segment is expected to reach USD 2,537.4 million by 2032.
6. The above 60 MVA segment is anticipated to witness fastest CAGR of 11.56% during the forecast period.
7. North America is anticipated to grow at a CAGR of 11.80% during the forecast period.

Market Driver

Government Support and Funding Fuel Growth in the market

The shore power market is driven by government initiatives and funding promoting cleaner port operations. Strategic investments in onshore electrification are accelerating the shift from conventional fuel-based systems to electric alternatives. This transition enhances air quality in coastal regions and supports broader sustainability objectives, leading to increased implementation of shore power infrastructure across key maritime hubs.

• In June 2024, the International Council on Clean Transportation reported that India’s 7,500 km coastline includes 12 major ports managed by the national government and 217 non-major ports. The Ministry of Ports, Shipping, and Waterways released the “Harit Sagar” Green Port Guidelines, outlining decarbonization efforts such as electrifying port vehicles and cargo machinery, adopting alternative fuels for cargo trucks, and promoting shore power and cleaner fuels to reduce sea based emissions.

Market Challenge

Limited Grid Capacity and Infrastructure

The shore power market faces challenges due to limited power grid capacity at ports, restricting consistent shore power supply to vessels and increasing operational costs. To mitigate this, port authorities and utility providers are investing in electrical infrastructure upgrades and energy storage solutions. Implementation of smart grid technologies further enhances power management, ensuring reliable and efficient shore power delivery across port facilities.

Market Trend

Advancements in Shore Power Technology

The shore power market is marked by continuous advancements in shore power technology. Increasingly, ports are adopting improved systems that enhance energy efficiency, connectivity, and operational reliability for docked vessels. This trend highlights ongoing modernization and infrastructure development across the maritime industry to facilitate cleaner, more sustainable, and efficient power supply solutions globally.

• In May 2025, Cavotec announced the launch of a new shore power solution for container ports at the TOC Europe conference (Terminal Operations Conference). The company is expected to showcase its latest MCS Manual Dispenser at both TOC Europe and related events. Designed specifically for container terminals, this flexible, high-performance shore power system helps ports reduce emissions and enhance operational efficiency, marking a significant step in Cavotec’s commitment to maritime electrification.

Shore Power Market Report Snapshot

Segmentation	Details
By Component	Transformers, Switchgear Devices, Frequency Converters, Cables & Accessories
By Installation Type	Shoreside, Shipside
By Power Rating	Up to 30 MVA, 30 to 60 MVA, Above 60 MVA
By Region	North America: U.S., Canada, Mexico
	Europe: France, UK, Spain, Germany, Italy, Russia, Rest of Europe
	Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific
	Middle East & Africa: Turkey, U.A.E., Saudi Arabia, South Africa, Rest of Middle East & Africa
	South America: Brazil, Argentina, Rest of South America

Market Segmentation:

• By Component (Transformers, Switchgear Devices, Frequency Converters, Cables and Accessories): The frequency converters segment earned USD 784.0 million in 2024 due to its vital function in ensuring compatibility between varying shore and ship electrical systems, enabling efficient and reliable power transfer across different voltage and frequency standards.
• By Installation Type (Shoreside and Shipside): The shoreside segment held 58.52% of the market in 2024, due to its widespread adoption at ports, driven by increasing demand for sustainable infrastructure and regulatory pressure to reduce maritime emissions.
• By Power Rating (Up to 30 MVA, 30 to 60 MVA and above 60 MVA): The up to 30 MVA segment are projected to reach USD 2,021.5 million by 2032, owing to its optimal balance of capacity and cost-effectiveness, making it suitable for a wide range of vessels and port applications.

Shore Power Market Regional Analysis

Based on region, the market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Asia Pacific shore power market share stood around 36.33% in 2024 in the global market, with a valuation of USD 745.3 million. The dominance is attributed due to the rapid expansion and modernization of port infrastructure, particularly in China. Significant investments in upgrading port facilities to enhance environmental compliance and operational efficiency are driving demand for shore power solutions. 

Additionally, increasing regulatory pressure to reduce emissions from docked vessels further accelerates adoption. These factors collectively position Asia Pacific as the leading region in the market.

• In April 2025, The Japan Institute of International Affairs reported that China is advancing national strategies to establish itself as a "transportation power" and "maritime power," seeking to broaden its global maritime influence. Coastal ports have undergone rapid expansion and modernization, becoming vital gateways for international logistics, energy transport, and trade, and serving as key infrastructure underpinning its position among the world’s top trading nations.

North America shore power industry is poised for significant growth at a robust CAGR of 11.80% over the forecast period. This growth is driven by stringent environmental regulations aimed at reducing port emissions and improving air quality. Investments in upgrading port infrastructure to support sustainable maritime operations are accelerating adoption of shore power technologies. 

Furthermore, increasing collaboration between public and private sectors to implement green initiatives enhances market growth, positioning North America as a key region for rapid expansion in the market.

Regulatory Frameworks

• In the U.S., the Environmental Protection Agency (EPA) enforces air quality standards pursuant to the Clean Air Act, promoting shore power usage to minimize emissions from docked vessels. Initiatives such as the Diesel Emission Reduction Act (DERA) offer funding and incentives to support the development of shore power infrastructure.
• In China, the Ministry of Ecology and Environment (MEE) enforces environmental policies focused on lowering port and maritime emissions, encouraging the use of shore power to enhance air quality and ensure compliance with pollution control regulations.

Competitive Landscape

The shore power industry is witnessing strategic launches and acquisitions aimed at enhancing product offerings and expanding market reach. Companies are introducing advanced shore power solutions focused on improving energy efficiency and reducing emissions for maritime applications. 

Concurrently, acquisitions are enabling players to integrate complementary technologies and strengthen their position in the competitive landscape. These activities intensify competition and reflect strategic moves to consolidate market position and leverage emerging opportunities within the shore power sector.

List of Key Companies in Shore Power Market:

• ABB
• Schneider Electric
• Eaton.
• Siemens
• Hitachi Energy Ltd
• Wärtsilä
• VINCI Energies
• Wabtec Corporation.
• Cavotec SA
• igus
• de Langley Holdings Langley Holdings plc
• Dabico.
• Tec Container S.A. 
• ESL Power Systems, Inc.
• Damen Shipyards Group

Recent Developments (Launches)

• In May 2025, Hitachi Energy demonstrated HyFlex, a hydrogen-powered generator with a shore power system for ships, developed with Stena Line, Power Cell Group, Linde Gas, and the Port of Gothenburg. During a two-week test, it generated electricity using green hydrogen on a Stena Line ferry. HyFlex is a portable, emission-free system that produces electricity, heat, and water, reducing diesel use by 1,600 tons and cutting CO2 emissions by 5,800 tons annually.