PUBLISHER: Grand View Research | PRODUCT CODE: 1790148
PUBLISHER: Grand View Research | PRODUCT CODE: 1790148
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 on a robust growth trajectory, driven by a pressing need for cleaner solutions in the maritime industry.
Shore power supplies electrical power to docked ships, allowing them to shut down their engines and significantly reduce air and noise pollution. Stricter environmental regulations around the globe are driving ports to adopt shore power infrastructure.
Stringent regulations from organizations like the International Maritime Organization (IMO) are impelling the adoption of shore power. The IMO has set stricter emission limits for sulfur and nitrogen oxides, prompting ports to invest in shore power infrastructure. Furthermore, growing public concern about air pollution is pressuring port authorities to implement cleaner solutions.
Beyond environmental benefits, shore power offers economic advantages. It reduces fuel consumption for docked ships, leading to cost savings. Moreover, it can help improve energy efficiency and grid stability in port areas. As a result, both private companies and governments are increasingly investing in shore power technologies. With growing international trade, ports are upgrading their facilities to accommodate larger vessels and enable higher traffic volumes. This expansion necessitated shore power systems to meet environmental standards and improve operational efficiency.Such developments can help reduce emissions and position ports as sustainable and forward-thinking hubs in the global supply chain.
Shore Power Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global shore power market report based on type, connection, component, power rating, and region: