The global shore power market is estimated to be valued at in 2025 and is expected to reach by 2032, exhibiting a compound annual growth rate from 2025 to 2032. The global shore power market represents a critical infrastructure solution designed to reduce maritime emissions and enhance environmental sustainability at ports worldwide. Shore power, also known as cold ironing or Alternative Maritime Power (AMP), enables ships to connect to the electrical grid while docked, allowing them to shut down their auxiliary engines and reduce harmful emissions including nitrogen oxides, sulfur oxides, and particulate matter.
The global shore power market is primarily driven by stringent environmental regulations and increasing focus on reducing maritime emissions at ports, with the International Maritime Organization's MARPOL Annex VI and regional air quality standards compelling port operators to adopt cleaner technologies.
Government initiatives and financial incentives, including grants, tax credits, and mandatory shore power requirements in major ports like California, European Union ports, and several Asian ports, are accelerating market adoption. The growing cruise industry and increasing container ship traffic are creating substantial demand for shore power infrastructure, while rising fuel costs make shore power an economically attractive alternative for shipowners seeking operational cost reductions.
- This report provides in-depth analysis of the global shore power market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global shore power market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include ABB Ltd., Siemens AG, Schneider Electric, Wärtsilä Corporation, Cavotec SA, Kohler Co., Piller Group GmbH, General Electric, Powertech Labs Inc., Høglund Marine Solutions, Siemens Gamesa Renewable Energy, Mitsubishi Electric Corporation, Damen Shipyards Group, Trelleborg Group, and Hewlett Packard Enterprise
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global shore power market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global shore power market
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- Shoreside
- Shipside
- Passenger Vessel
- Merchant Vessel
- Offshore Support Vessel
- Specialized Vessel
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- New Installation
- Retrofit
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- Transformer
- Switchgear
- Cables and Accessories
- Static Frequency Converter
- Power Range up to 5 MVA
- Power Range Above 5MVA
- Others
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- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
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- ABB Ltd.
- Siemens AG
- Schneider Electric
- Wärtsilä Corporation
- Cavotec SA
- Kohler Co.
- Piller Group GmbH
- General Electric
- Powertech Labs Inc.
- Høglund Marine Solutions
- Siemens Gamesa Renewable Energy
- Mitsubishi Electric Corporation
- Damen Shipyards Group
- Trelleborg Group
- Hewlett Packard Enterprise
