Shore Power Market Growing at 10% CAGR Through 2030 Driven by Renewable Energy and Asia-Pacific Demand, Says Mordor Intelligence

HYDERABAD, India, Jan. 5, 2026 /PRNewswire/ -- According to Mordor Intelligence, the global shore power market is projected to grow from USD 2.4 billion in 2025 to USD 3.94 billion by 2030, reflecting a 10.41% CAGR. Emission rules that slash ship engine pollution by up to 98%, cheaper renewable electricity, and rising port electrification budgets are fueling demand. Suppliers are competing with integrated solutions-like converters, transformers, and automated connectors-that improve safety and cut connection times.

Key Shore Power Market Trends & Developments:

Tough Global Emission Rules

Ports and regulators are tightening standards, making shore power a necessity rather than an optional green choice. Shipping companies are now expected to plug in at berth, with incentives and contracts increasingly structured around compliance.

Public Support for Port Power Projects

Governments are funding electrification efforts, helping ports and shipping lines share costs and speed up adoption. These programs align with fleet upgrades, making the transition more practical and financially viable.

Longer Vessel Stays at Ports

Cruise and container ships are spending more time docked, which makes connecting to the grid more appealing. Digital planning tools also discourage engine use during peak pollution periods, reinforcing reliance on shore power.

Shore Power Market: Key Segment Overview

By Types

• Shoreside installation
• Ship-side installation

By Components

• Transformers
• Switchgear devices
• Frequency converters
• Cables and connectors
• Meters, control panels, and others

By Power Output

• Up to 5 MVA
• 5 to 10 MVA
• Above 10 MVA

By Applications

• Commercial ports
• Naval ports
• Container vessels
• Cruise ships
• Ro-Ro vessels
• Ferries
• Tankers
• Bulk carriers, research vessels, and others

By Geography

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Nordic countries
  • Russia
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • ASEAN countries
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East and Africa
  • Saudi Arabia
  • United Arab Emirates
  • South Africa
  • Egypt
  • Rest of Middle East and Africa

For a full breakdown of shore power market size, segmentation data, and competitive intelligence, access all details of the Mordor Intelligence report at: https://www.mordorintelligence.com/industry-reports/shore-power-market?utm_source=prnewswire

Regional Insights:

Asia-Pacific continues to drive shore power adoption, supported by strong government mandates and port electrification programs across China, South Korea, Japan, and India. While policy support and funding are accelerating deployment, infrastructure readiness, particularly grid reliability remains a key challenge in parts of the region.

Europe stands out for its mature regulatory framework and coordinated rollout of shore power across major ports. Strong policy enforcement, public funding, and early adoption in Nordic countries are helping expand applications from ferries to larger vessels, with Southern European ports increasingly following this transition.

Shore Power Companies:

The company profiles section provides a comprehensive overview of all participants in the shore power industry:

• Siemens AG
• Schneider Electric SE
• ABB Ltd.
• Cavotec SA
• Wärtsilä Corp.
• ESL Power Systems Inc.
• Vinci Energies (Actemium)
• PowerCon AS
• Nidec ASI S.p.A
• Danfoss A/S
• Cochran Marine LLC
• Blueday Technology AS
• NorSea Group
• Igus GmbH
• Wabtec Corp.
• Atlas Marine Systems
• Hitachi Energy
• Alewijnse Marine
• Eekels Technology B.V.
• Stromnetz Hamburg GmbH

Explore Energy & Power Industry Research: https://www.mordorintelligence.com/market-analysis/energy-power?utm_source=prnewswire  

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SOURCE Mordor Intelligence Private Limited