The Shore Power Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Shore Power Market?
The Shore Power Global Market, which has been expanding quickly in recent years, was valued at $1.65 billion in 2024 and is projected to reach $1.86 billion by 2025. The Compound Annual Growth Rate (CAGR) for this period is expected to be 12.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Shore Power Industry?
The Shore Power Global Market is anticipated to grow to $2.83 billion in 2029, with a compound annual growth rate (CAGR) of 11.1%.
Download Your Free Sample of the 2025 Shore Power Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Shore Power Market?
The key drivers in the shore power market are:
• Global expansion of shore power infrastructure
• International collaboration on emission reduction
• Advancements in green port initiatives
• Increasing electrification in maritime transport and various incentives and subsidies.
Global Market Segmentation: Identifying Major Shore Power Industry Segments
The shore power market covered in this report is segmented –
1) By Component: Transformer, Switchgear, Cables And Accessories, Frequency Converter, Other Components
2) By Power Output: Up To 30 MVA, Above 30 MVA
3) By Installation: Shoreside, Shipside
4) By Connection: New Installation, Retrofit
Pre-order the 2025 Shore Power Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Shore Power Market?
The key trends in the shore power market are:
• The focus on electrifying maritime transport is a major emerging trend.
• The development and integration of onboard shore power systems with grid management systems is on the rise.
• Retrofitting existing ports with shore power is becoming increasingly popular.
• There is a growing emphasis on cost-efficiency and return on investment in the shore power industry.
Who Are the Top Competitors & Leading Players in the Shore Power Market?
Major companies in the shore power market are:
• Siemens AG
• General Electric Corporation
• Schneider Electric SE
• ABB
• Eaton
• Vinci Energies S.A.
• Carnival Corporation & PLC
• Danfoss
• Royal Caribbean Group
• Wärtsilä Oyj Abp
• Norwegian Cruise Line Holdings Ltd.
• Piller Power Systems
• IGUS
• Power Systems International
• Cochran Inc.
• Cavotec SA
• ESL Power Systems Inc.
• Victron Energy
• Mastervolt
• SmartPlug Systems
• Atlas Marine Systems
• Tec Container S.A.
• Preen (AC Power Corp.)
• Asea Power Systems
• Blueday Technology AS
Regional Dominance: Which Area Leads the Global Shore Power Market?
Asia-Pacific was the largest region in the shore power market in 2024
