Shore Power - Global Strategic Business Report

The global market for Shore Power was valued at US$1.7 Billion in 2024 and is projected to reach US$2.3 Billion by 2030, growing at a CAGR of 5.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Shore Power market.

Global Shore Power Market - Key Trends and Drivers Summarized

How Is Shore Power Revolutionizing Maritime Operations?

Shore power, also known as cold ironing or alternative maritime power (AMP), is a system that allows ships to connect to onshore electrical sources while docked, enabling them to turn off their auxiliary engines and reduce emissions. By supplying electricity from the grid, shore power significantly lowers air pollution and noise levels at ports, improving environmental conditions and complying with stricter emission regulations. As the shipping industry strives to achieve decarbonization, shore power solutions are being adopted globally by cruise ships, cargo vessels, ferries, and container ships, making it an integral part of sustainable port infrastructure.

What Are the Key Segments in the Shore Power Market?

Key components include transformers, switchgear, frequency converters, cables, and software, with transformers holding the largest market share due to their role in managing voltage levels and ensuring safe power transfer. Installation types are divided into shoreside and shipside installations, with shoreside installations leading the market due to the significant investment required in port infrastructure. End-users encompass ports, naval bases, and ships, with ports representing the largest segment as they are the primary facilitators of shore power integration to reduce emissions and meet regulatory standards.

How Is Shore Power Being Implemented Across Ports and Vessels?

At ports, shore power infrastructure includes high-voltage transformers, frequency converters, and power management systems that facilitate a seamless connection to ships. Major ports in Europe, North America, and Asia-Pacific are actively adopting shore power to comply with emission standards and improve air quality for port workers and surrounding communities. Cruise ships and container vessels are among the earliest adopters, utilizing shore power to significantly cut emissions while berthed. Naval bases also use shore power to support naval vessels during maintenance and downtime, ensuring operational readiness while reducing carbon footprint. Additionally, the integration of shore power into sustainable port development plans supports global decarbonization goals, promoting cleaner and greener maritime operations.

What Factors Are Driving the Growth in the Shore Power Market?

The growth in the Shore Power market is driven by several factors, including the increasing focus on reducing emissions from ships to comply with stringent environmental regulations. The rising investments in sustainable port infrastructure, supported by government initiatives and funding, have accelerated the adoption of shore power systems globally. Advancements in power conversion and distribution technologies have improved the efficiency and reliability of shore power connections, supporting broader deployment. The growing awareness of the health and environmental benefits of reducing emissions at ports has further encouraged adoption among port authorities and ship operators. Additionally, the push for electrification and renewable energy integration within maritime operations has contributed to the expansion of the shore power market.

Report Scope

The report analyzes the Shore Power market, presented in terms of units. The analysis covers the key segments and geographic regions outlined below.

Segments: Installation Type (Shoreside, Shipside); Connection (New Installation, Retrofit); Component (Frequency Converters, Transformers, Switchgear Devices, Cables & Accessories, Other Components).

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Shoreside segment, which is expected to reach US$1.6 Billion by 2030 with a CAGR of a 5.6%. The Shipside segment is also set to grow at 4.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $468.6 Million in 2024, and China, forecasted to grow at an impressive 5.1% CAGR to reach $366.3 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Shore Power Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Shore Power Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Shore Power Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as ABB, Blueday Technology, Cavotec, Cochran Marine, ESL Power and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 34 companies featured in this Shore Power market report include:

• ABB
• Blueday Technology
• Cavotec
• Cochran Marine
• ESL Power
• IGUS
• Piller Power Systems
• Power Systems International
• Preen
• Schneider Electric
• Siemens
• SmartPlug
• Vinci Energies
• Wartsila

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry