Port Electrification Market Report 2026

The port electrification market size has grown rapidly in recent years. It will grow from $2.79 billion in 2025 to $3.1 billion in 2026 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to expansion of global maritime trade, rising regulatory pressure to reduce port emissions, early adoption of cold ironing solutions, investments in port infrastructure modernization, increasing electricity availability at major ports.

The port electrification market size is expected to see rapid growth in the next few years. It will grow to $4.64 billion in 2030 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to increasing net-zero commitments by port authorities, rising electrification of marine vessels, expansion of smart port initiatives, growing investments in renewable-powered ports, increasing replacement of diesel-based port equipment. Major trends in the forecast period include increasing adoption of shoreside power infrastructure, rising deployment of electric cargo handling equipment, expansion of retrofit electrification projects, growing integration of energy storage systems, enhanced focus on emission-free port operations.

The growth of global trade is expected to drive the expansion of the port electrification market. Trade involves the exchange of goods, services, and capital across international borders, fostering economic growth and global connectivity. Rising consumer demand for a wide variety of products has increased the need for imports and exports beyond local production capacities. Port electrification supports trade by enabling faster, cleaner, and more efficient port operations, minimizing delays and emissions to facilitate the smooth flow of goods along international supply chains. For example, in June 2024, the Bureau of Economic Analysis (BEA) reported that average exports rose by $10.2 billion, while average imports increased by $13.1 billion compared to April 2023. This surge in global trade is contributing to the growth of the port electrification market.

Key players in the port electrification sector are increasingly forming collaborative alliances to accelerate decarbonization, standardize solutions, and promote widespread adoption of zero-emission port infrastructure. Such alliances bring together major stakeholders to establish common standards, share resources, and support large-scale implementation of electrification technologies. In December 2023, APM Terminals from the Netherlands partnered with UAE-based DP World to launch the Zero-Emission Port Alliance (ZEPA) at COP28. The initiative focuses on promoting battery-electric container handling equipment to reduce emissions in ports worldwide. By making clean port equipment more accessible and cost-effective, ZEPA encourages collective action to improve air quality and advance sustainable port electrification.

In March 2025, Wilh. Wilhelmsen Holding ASA, a Norwegian shipping company, joined forces with Malaysia-based Yinson GreenTech and Singapore-based R W Marine Services Pte. Ltd. to develop shore power and zero-emission port solutions in Singapore. The partnership seeks to promote marine electrification by lowering emissions, improving operational efficiency, and supporting the use of electric service vessels. These efforts align with the Maritime and Port Authority of Singapore’s sustainability objectives and aim to accelerate the adoption of green port technologies in the region.

Major companies operating in the port electrification market are Hitachi Energy Ltd., Siemens AG, Schneider Electric SE, ABB Ltd., Wärtsilä Corporation, Cavotec SA, PowerCon AS, Stemmann‑Technik GmbH, Danfoss Inc., GE Vernova Inc., Kalmar Corporation, Ormazabal International Business S.A., Conductix‑Wampfler GmbH, ESL Power Systems Inc., MJR Power And Automation, Enel X, Alstom, Prysmian Group, Eaton Corporation plc, Mitsubishi Electric Corporation.

Europe was the largest region in the port electrification market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the port electrification market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the port electrification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The port electrification market consists of sales of shore power systems, onshore power converters, and electrified cargo handling equipment. Values in this market are ‘factory gate’ values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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