Powerships Market Report and Forecast 2025-2034

The global powerships market is expected to grow at a CAGR of 20.00% during the forecast period of 2025-2034.

The global powerships market is driven by the growing demand from the end-users owing to the fuel flexibility. Powerships are used to generate power through oil or natural gas on the basis of fuel availability and the operating conditions of a floating power plant.

Market Segmentation

A powership is a particular purpose vessel on which a power plant is built to act as a platform for power generation. The powerships market can be broadly categorised based on type into:

Market Breakup by Type

• Oil-fired
• Gas-fired

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Global Powerships Market Analysis

The global powerships market is driven by the growing energy demand across the globe. The rising global population and the growing economic activities are driving this increasing demand for energy. In the upcoming years, the digitalisation of modern economies, electrification of the heating and transport industry, and an increasing number of electronically connected devices will fuel the demand for electricity. Also, adding to the growing demand for energy is the introduction of electric motor systems in industries and the increasing demand for air conditioning services in households. These factors will aid the growth of the global powerships market.

Global Powerships Market: Competitive Landscape

The report presents a detailed analysis of the following key players in the global powerships market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Karpower International B.V.
• Volkswagen AG
• ABB Ltd
• General Electric Company
• Others

The report gives an in-depth insight into the powerships market by providing a SWOT analysis as well as an analysis of Porter's five forces.