Marine Shaft Power Meter Market Set to Surpass USD 818 Million by 2035 Amid Rising Demand for Digitalization and Efficiency

The global marine shaft power meter market is gearing up for steady and resilient growth. Valued at USD 574.1 million in 2025, the industry is forecast to reach USD 818 million by 2035, recording a CAGR of 3.6% over the assessment period. This expansion underscores the growing emphasis on energy efficiency, emissions compliance, and performance monitoring across the maritime sector.

Market Drivers Fueling Growth

Regulatory Push Towards Sustainability

The International Maritime Organization (IMO) and regional authorities are tightening environmental regulations, compelling fleet operators to adopt advanced shaft power monitoring solutions. These meters provide real-time data to optimize fuel efficiency while ensuring compliance with global emission standards.

Operational Efficiency and Cost Reduction

With fuel costs accounting for a major share of vessel operating expenses, shipowners are increasingly investing in torque and power monitoring technologies. Shaft power meters allow operators to identify inefficiencies, minimize fuel consumption, and extend equipment life, leading to substantial cost savings.

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Rise of Maritime Digitalization

The global shift towards digital and connected shipping is creating demand for smart power monitoring systems. These systems integrate seamlessly with fleet management platforms, enabling predictive maintenance, machinery condition monitoring, and voyage optimization.

Retrofit Opportunities in Older Fleets

As regulatory requirements extend to existing vessels, retrofit installations are expected to provide a significant revenue stream for suppliers. This trend is opening new opportunities in markets with large aging fleets, particularly in Asia-Pacific and Europe.

Competitive Landscape

The marine shaft power meter market is marked by the presence of several leading manufacturers competing through innovation, partnerships, and new product launches.

Key players include:

• Datum Electronics Limited
• Kongsberg Maritime
• Shoyo Engineering Co., Ltd.
• Hoppe Marine GmbH
• Trelleborg Marine Systems
• VAF Instruments BV
• Aquametro Oil & Marine AG
• Kyma A.S.

Recent Developments Shaping the Market

Hoppe Marine and Smart Ship Hub Collaboration

In March 2025, Hoppe Marine, a German provider of maritime digital equipment, announced a strategic partnership with Smart Ship Hub (SSH), a Singapore-based maritime platform. The partnership integrates MAIHAK shaft power meters and flow meters into a high-frequency data ecosystem, enhancing digital services for fleet operators. This move strengthens capabilities in predictive diagnostics, machinery condition monitoring, and regulatory compliance.

Kongsberg Maritime’s MetaPower Quad Launch

In July 2024, Kongsberg Maritime introduced its MetaPower Quad system, a next-generation torque and power monitoring solution. The system’s dual-disc sensor design ensures ultra-precise measurement of torque and shaft power. Designed to support compliance with emerging environmental rules, it also empowers operators with more accurate data for fuel optimization and emissions reduction.

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Regional Outlook

Europe Leading Through Stringent Regulations

Europe is expected to remain a dominant market, supported by stringent emission control standards and the presence of leading maritime technology providers. Shipowners in the region are rapidly integrating shaft power meters as part of their compliance and efficiency strategies.

Asia-Pacific Emerging as a Growth Hub

Asia-Pacific, particularly China, Japan, and South Korea, is witnessing strong demand owing to its status as a global shipbuilding hub. Growing exports, fleet modernization, and regulatory adoption are pushing regional players to adopt advanced shaft monitoring solutions.

North America Strengthening Adoption

In North America, shipping companies are investing in fleet digitalization and compliance-driven retrofits. Adoption rates are increasing as operators recognize the dual benefits of regulatory adherence and operational cost savings.

Market Outlook and Future Opportunities

The marine shaft power meter market is on a clear growth trajectory, driven by the dual imperatives of sustainability and efficiency. Companies that focus on integrating digital solutions, offering cost-effective retrofits, and meeting stringent compliance standards will be best positioned for long-term success.

By 2035, the market’s steady growth will play a central role in advancing smart, sustainable, and compliant maritime operations, with power monitoring becoming a standard feature in fleets worldwide.

About the Data:

The data provided in this press release is based on a comprehensive market analysis and forecast report, examining the global Marine Shaft Power Meter Market from 2025 to 2035. The study includes detailed competitive analysis, market drivers, restraints, and regional growth projections.