Shore Power Market, By Component (Cables & Accessories, Switchgear, Frequency Converter, Transform, and Others), By Installation Type (Shipside, and Shoreside), By Connection (Retrofit, and New Installation), By Power Rating (30-60 MVA, Up to 30MVA, and Above 60 MVA) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Shore Power Market was valued at US$ 2.9 Billion in 2024 and is projected to grow at a CAGR of 4.30% to reach US$ 4.3 Billion by 2034.

Shore power, also known as shore-to-ship power or cold ironing, is a system that provides electrical power to ships when they are docked at a port, allowing them to turn off their onboard generators or engines. This reduces air pollution, noise, and fuel consumption in ports and harbors while providing a more environmentally friendly and cost-effective means of supplying energy to vessels.

Air Quality Improvement

Ships commonly use diesel generators while at port to provide electrical power for onboard operations. These generators emit pollutants such as sulfur dioxide (SO2), nitrogen oxides (NOx), particulate matter (PM), and carbon dioxide (CO2). By enabling ships to turn off their generators and connect to the cleaner electrical grid onshore, shore power significantly reduces these emissions.  In addition to local air quality benefits, reducing the need for onboard generators by using shore power also results in lower carbon dioxide emissions, contributing to overall greenhouse gas reduction efforts.

Restrains:

High treatment costs can limit access to disease-modifying therapies (DMTs) and other essential treatments for individuals with MS. Some patients may be unable to afford these therapies, which can lead to unmet medical needs and poorer health outcomes. High treatment costs can exacerbate healthcare disparities, as individuals with limited financial means may face greater challenges in accessing and affording MS treatments. This can result in unequal access to care and disparities in health outcomes.    

Shore Power Market is segmented based on Component, Installation Type, Connection, Power Rating and Region.

Component Insight

On the basis of Component, Shore Power Market is segmented into Cables & Accessories, Switchgear, Frequency Converter, Transform, and Others.

Installation Type Insights

On the basis of Installation Type, Shore Power Market is segmented into Shipside, and Shoreside.

Connection Insights

On the basis of Connection, Shore Power Market is segmented into Retrofit, and New Installation.

Power Rating Insights

On the basis of Power Rating, Shore Power Market is segmented into 30-60 MVA, Up to 30MVA, and Above 60 MVA.

Shore Power Market Regional Insights:

On region the Shore Power Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America market is estimated to witness a significantly high revenue share over the forecast period due to rising investment and funding. North America has been a pioneer in the adoption of shore power. Several major ports, including those in Los Angeles, Long Beach, Vancouver, and Seattle, have extensive shore power infrastructure.     

Asia Pacific market is estimated to witness a fastest revenue share over the forecast period. China is a growing market for shore power, driven by its efforts to reduce air pollution and emissions. Ports in major cities like Shanghai and Shenzhen have been investing in shore power infrastructure.  

Report Scope:

Attribute	Details
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Component - Cables & Accessories, Switchgear, Frequency Converter, Transform, and Others By Installation Type - Shipside, and Shoreside By Connection - Retrofit, and New Installation By Power Rating - 30-60 MVA, Up to 30MVA, and Above 60 MVA
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

The key players operating the Shore Power Market includes, Wabtec Corporation, Cavotec, Patton & Cooke Co., Siemens, Piller Power Systems, Watts Marine, Danfoss, VINCI Energies, Blueday Technology, and ABB.

Recent Development:

The New Launched Product News,

• In July 2023, DNV developed new Shore Power class rules for tankers. Following changes to the California Air Resources Board's (CARB) Ocean-Going Vessels At-Berth Regulation, which mandated that tankers have emission control measures in place at particular ports, the need for new regulations on shore power for tankers emerged.

Research Objective and Assumption

• Preface
• Research Objectives
• Study Scope
• Years Considered for the study
• Assumptions
• Abbreviations

Research Methodology

• Research data
• Primary Data
  • Primary Interviews
  • Primary Breakdown
  • Key data from Primary Sources
  • Key Thickness Insights
• Secondary Data
  • Major Secondary Sources
  • Secondary Sources
• Market Estimation
• Top-Down Approach
  • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
• Bottom-Up Approach
  • Approach for estimating market share by Bottom-up Analysis (Demand Side)
• Market Breakdown and Data Triangulation
• Research Assumptions

Market Preview

• Executive Summary
• Key Findings—Global Outlook for medical carts Strategies
  • Key Questions this Study will Answer
  • Market Snippet, By Component
  • Market Snippet, By Installation Type
  • Market Snippet, By Connection
  • Market Snippet, By Power Rating
  • Market Snippet, By Region
• Opportunity Map Analysis
• Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

• Market Dynamics
  • Drivers
  • Restrains
  • Market Opportunities
  • Market Trends
• DR Impact Analysis
• PEST Analysis
• Porter’s Five Forces Analysis
• Opportunity Orbit
• Market Investment Feasibility Index
• Macroeconomic Factor Analysis

Market Segmentation, By Component, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Cables & Accessories
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Switchgear
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Frequency Converter
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Transform
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Others
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Installation Type, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Shipside  
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Shoreside
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Connection, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Retrofit
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• New Installation
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Power Rating, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• 30-60 MVA
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Up to 30MVA
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Above 60 MVA
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
• North America
  • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Installation Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Connection, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Power Rating, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • U.S.
    • Canada
• Europe
  • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Installation Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Connection, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Power Rating, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • UK
    • France
    • Germany
    • Russia
    • Italy
    • Rest of Europe
• Asia Pacific
  • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Installation Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Connection, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Power Rating, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • India
    • Japan
    • South Korea
    • China
    • Rest of Asia Pacific

• Latin America
  • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Installation Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Connection, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Power Rating, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
  • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Installation Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Connection, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Power Rating, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
• GCC
• Israel
• South Africa
• Rest of Middle East

Competitive Landscape

• Heat Map Analysis
• Market Presence and Specificity Analysis

Company Profiles

• Wabtec Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Cavotec
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Patton & Cooke Co.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Siemens
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Piller Power Systems
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Watts Marine
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Danfoss
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• VINCI Energies
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Blueday Technology   
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• ABB   
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

The Last Word

• Future Impact
• About Us
• Contact