{"id":5059,"date":"2025-02-28T08:00:00","date_gmt":"2025-02-28T08:00:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/greenport\/2025\/02\/28\/shorepower-market-growth-driven-by-port-take-up\/"},"modified":"2026-08-27T14:14:26","modified_gmt":"2026-08-27T13:14:26","slug":"shorepower-market-growth-driven-by-port-take-up","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/greenport\/news\/energy-technology-greenport\/shorepower-market-growth-driven-by-port-take-up\/","title":{"rendered":"Shorepower market growth driven by port take-up"},"content":{"rendered":"<p>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.<\/p>\n<p>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.<\/p>\n<p>In the future, North America is expected to witness the fastest growth, fuelled by investments in port infrastructure and environmental policy.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p><strong>Industry developments during 2024<\/strong><\/p>\n<ul>\n<li>ERMA FIRST introduced <a href=\"https:\/\/www.portstrategy.com\/news\/erma-first-to-present-on-on-shore-power-supply\/1490380.article\" target=\"_blank\" rel=\"noopener noreferrer\">BLUE CONNECT<\/a>, a high-voltage shore power solution designed to enable vessels to seamlessly connect to a port\u2019s electrical grid while docked.<\/li>\n<li>The <a href=\"https:\/\/www.portstrategy.com\/environment-and-sustainability\/eu-funding-for-twin-port-shore-power\/1495343.article\" target=\"_blank\" rel=\"noopener noreferrer\">Port of Helsinki inaugurated a new onshore power supply system<\/a> for Finn lines vessels, contributing to a substantial reduction in port emissions of around 50 to 80%.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The use of shorepower in prominent ports worldwide is driving growth with the market projected to be worth more than US$6 billion by 2034, an annual growth rate of 11.4% from 2025 to 2034.<\/p>\n","protected":false},"author":8,"featured_media":5060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[48],"sponsor":[],"class_list":["post-5059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy-technology-greenport","tag-shorepower-electrification"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/5059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=5059"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/5059\/revisions"}],"predecessor-version":[{"id":5061,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/5059\/revisions\/5061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/5060"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=5059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=5059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=5059"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=5059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}