Shore Power Segmentation
The market is segmented by component into transformer, frequency converter, switchgear, cable & accessories, and others, out of which, the frequency converter segment is anticipated to hold the largest share in the market on account of the ability of this component to increase machine lifetime, reduce maintenance cost and improve motor efficiency. Furthermore, on the basis of installation, the shoreside segment is projected to grab an enormous market share. As shoreside installation requires additional electrical components that provide enhanced flexibility for meeting power requirements of different vessels, it is widely being deployed since the recent years.
Our in-depth analysis of the global market includes the following segments:
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Installation |
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Component |
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Power Output |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of shore power is assessed at USD 1.98 billion.
Shore Power Market size was valued at USD 1.82 billion in 2024 and is expected to reach USD 6.74 billion by 2037, expanding at around 10.6% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is anticipated to account for largest revenue share by 2037, on the back of growing adoption of shore power systems and presence of some of the world’s busiest and largest ports in the region.
The major players in the market are Schneider Electric, Siemens AG, ABB Ltd, Switzerland, Cavotec SA, Wärtsilä Corporation, and others.
