Shoreside Shore Power Market

The shoreside shore power market is expected to reach USD 3.03 billion by 2030 from USD 1.78 billion in 2025, growing at a CAGR of 11.2% between 2025 and 2030. The market is growing due to regulatory pressures from governments and authorities regarding emissions from vessels when they are berthed at a harbor. North America, Europe, and Asia are taking strict measures regarding air emission norms on NOx, SOx, and particulates. At the same time, government support and challenges posed due to shoreside emissions at harbors lead to investments in transformers, switchgear, and cable infrastructure. There has been a rising demand for shoreside power due to environmental and health impacts at shore facilities. Shore power technologies provide short-term and efficient remedies, contributing to the market growth.

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Key players in the shoreside shore power market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), General Electric Company (US), and Cavotec SA (Switzerland). Investments, expansions, contracts, agreements, and partnerships are among the major strategies adopted by these players to increase their presence in the global market.

For instance, in June 2024, Siemens Smart Infrastructure increased its investment in Frankfurt by acquiring a 3.5-hectare site in the Ostend district, adding capacity for energy transition. This follows the inauguration of a high-speed warehouse and expanded production at its switchgear plant in Frankfurt-Fechenheim.

General Electric Company (US)

General Electric Company (GE) demonstrates a strong market presence through strategic focus on energy transition, advanced electrification technologies, and modernization of grid infrastructure. This directly supports its participation in the shoreside shore power market. Its core competencies lie in high-efficiency power generation systems, grid integration solutions, and long-established engineering expertise, enabling it to deliver reliable shore-to-ship electrification components through its Power segment. It has a history of major activities, such as acquisitions, strategic partnerships, and technology collaborations, that strengthen its portfolio across aerospace and energy verticals. It also benefits from extensive horizontal integration across power, renewable energy, and grid technologies, supported by a global manufacturing network spanning over 160 countries, which enhances scalability and service capability in the shoreside shore power ecosystem.

Siemens (Germany)

Siemens has a robust worldwide footprint with a focused approach on digitalization, automation, energy transition, and infrastructure, which helps the company cater to the increasing demand in the area of electrification solutions, including shoreside power. The company’s core competencies range from leading-edge industrial automation, intelligent energy solutions, grid solutions, and electrification solutions offered by Digital Industries and Smart Infrastructure businesses, making it a major shoreside power solution supplier. The company has been involved in a host of key activities, such as acquisitions, technology collaborations, and joint ventures, to enhance knowledge related to automation, mobility, and energy management and diversify its portfolios. It also derives huge benefits from integrated horizontal networks in automation, energy, mobility, and healthcare technology, as well as vertical integration in manufacturing, engineering, and finance offered by their related company, Siemens Financial Services. With nearly 500 distribution channels and 9,000 dealership offices in over 190 nations, it derives benefits from its integrated worldwide network for executing mega projects in shore power.

Market Ranking

The shoreside shore power market in 2024 is highly competitive, with key players from the electrical and engineering majors being actively involved in competition, along with a range of players in the marine industry. General Electric Company, Siemens, Schneider, ABB, and Cavotec are major players in this industry, and their overlapping capabilities in power conversion, grid integration, and automation make it impossible for a supplier to set any conditions in this industry. Alongside these major players, there are a host of other players in this industry that are involved in specialized industries like marine and port electrification, further fragmenting the landscape and pushing suppliers to differentiate on system reliability, project execution, and long-term service support rather than simple scale.

Related Reports:

Shoreside Shore Power Market by Power Output (Up to 30 MVA, 30–60 MVA, Above 60 MVA), Vessel (Cruise, Ferry, Container Vessel, Ro-ro Vehicle Carrier, Bulk Carrier, Tanker, General Cargo), and Region - Global Forecast to 2030

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