Asia Pacific Shore Power Market

The report "Asia Pacific Shore Power Market By Installation Type (Shoreside, Shipside), Connection (New Installation, Retrofit), Component (Transformers, Switchgears, Frequency Converters, Cables and Accessories, Others), and Power Output - Forecast to 2030" is projected to be valued at USD 0.80 billion in 2025 and USD 1.56 billion by 2030, registering a CAGR of 14.2% between 2025 and 2030.

Browse 150 market data Tables and 100 Figures spread through 140 Pages and in-depth TOC on "Asia Pacific Shore Power Market, By Installation Type (Shoreside, Shipside), Connection (New Installation, Retrofit), Component (Transformers, Switchgears, Frequency Converters, Cables and Accessories, Others), and Power Output - Forecast to 2030"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/asia-pacific-shore-power-market-217608388.html

One of the major factors driving the Asia Pacific shore power market is the stringent environmental policies to help minimize emissions from ships parked in ports. Major economies, including China, Japan, South Korea, and Singapore, adopt strict air emissions policies and a policy of decarbonization, hence encouraging ports in these economies to use cleaner technology. Shore power has been cited as a popular alternative since it has a major impact on reducing emissions of sulfur oxides, nitrogen oxides, and particulates from auxiliary engines. Additionally, governments in these economies provide incentives in the form of shore power projects, making it additionally profitable for terminals and carriers to make use of shore power. Being close to major metropolitan areas, environmental concerns related to air emissions are a major priority for ports in the region.

Retrofit segment is expected to capture the largest market share during the forecast period

The retrofit segment is expected to hold the largest share of the Asia Pacific shore power market, as most vessels operating in the region are originally built with shore-power capability, creating a large and immediate need for retrofitting. With the rising implementation of stringent emissions policies, ship owners are also opting for retrofitted shore power in their ships to comply with these policies. Retrofitting also has a faster payback period compared with ship replacement. With the increasing port development, ships also must be able to provide shore power connectivity to secure preferred docking slots.

Frequency converters segment is projected to witness a significant growth rate between 2025 and 2030

The frequency converters segment is projected to grow in the Asia Pacific shore power market during the forecast period. The difference in power frequencies for ships and shore stations has led to the increasing use of shore-based shore-power conversion technology. This has been attributed to the different frequencies of 50 Hz and 60 Hz maintained by ships and shore stations, which are not ideally synchronized for a consistent flow of uninterrupted shore-based electricity. Ports in other Asian nations, including Singapore, also make use of shore-based shore-power technology.

Japan is likely to account for the second-largest market share in 2030

Japan is expected to be the second-largest country in the Asia Pacific shore power market in 2030, supported by its advanced port infrastructure and strong commitment to environmental sustainability. Major ports, such as Tokyo, Yokohama, and Kobe, are increasingly adopting shore power systems to reduce emissions from vessels at berth and comply with national decarbonization goals. The focus on lowering greenhouse gas emissions from maritime transport, combined with government support for green port initiatives, boosts shore power deployment. Additionally, the emphasis on technological reliability, grid stability, and standardization enables smooth integration of high-voltage shore connection systems, reinforcing its strong position in the Asia Pacific shore power market.

The Asia Pacific shore power market is dominated by major players that have a wide regional presence. Some key players in the Asia Pacific shore power market are ABB (Switzerland), Siemens (Germany), Schneider Electric (France), GE (US), Cavotec SA (Switzerland), Eaton (Ireland), Wartsila (Finland), and Hitachi Energy Ltd. (Switzerland).

Don’t miss out on business opportunities in Keyword. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook .

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com