Shorepower market growth driven by port take-up

Several factors are driving the expansion including the growing regulatory constraint on the shipping industry to decrease greenhouse gas emissions and the surging demand for renewable energy.

Asia Pacific led the global market in 2024, supported by its significant trade volume, rapidly expanding port infrastructure and strict environmental regulations in countries like China, Japan and South Korea.

In the future, North America is expected to witness the fastest growth, fuelled by investments in port infrastructure and environmental policy.

Market size is expected to continue to expand owing to quicker ship turnaround times and sanctions placed by ports on ships which continue to use onboard generators whilst at port.

The retrofit segment is projected to experience the fastest growth from 2025 to 2034, owing to the rising need for upgrading existing ships and port facilities to meet environmental standards.

Industry developments during 2024

• ERMA FIRST introduced BLUE CONNECT, a high-voltage shore power solution designed to enable vessels to seamlessly connect to a port’s electrical grid while docked.
• The Port of Helsinki inaugurated a new onshore power supply system for Finn lines vessels, contributing to a substantial reduction in port emissions of around 50 to 80%.