Shore Power Market Size
Market Size in USD Bn
CAGR10.6%
| Study Period | 2025-2032 |
| Base Year of Estimation | 2024 |
| CAGR | 10.6% |
| Market Concentration | Medium |
| Major Players | General Electric, Siemens AG, Schneider Electric SE, ABB Ltd., Eaton Corporation plc and Among Others |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Shore Power Market Analysis
The shore power market is estimated to be valued at USD 2.49 Bn in 2025 and is expected to reach USD 5.04 Bn by 2032. It is projected to grow at a compound annual growth rate (CAGR) of 10.6% from 2025 to 2032. The trend underway in the shore power market is increasingly sophisticated and automated systems that make ship-to-shore power transfer simpler and easier for both port authorities and vessel crews.