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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Powerships Market Outlook
The global powerships market is expected to grow at a CAGR of 20% during the forecast period of 2024-2032.
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.
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Global Powerships Market: Properties and Applications
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:
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- Oil-Fired
- Gas-Fired
The EMR report looks into the regional markets of powerships like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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.
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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 EMR 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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Powerships Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global powerships market is projected to grow at a CAGR of nearly 20% in the forecast period of 2024-2032.
The major drivers of the industry include the rising demand for energy, rising economic activities, digitalisation of modern economies, electrification of the heating and transport industry, and a rising number of electronically connected devices.
The rising introduction of electric motor systems in industries is expected to be a key trend guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The leading types of powerships in the industry are oil-fired and gas-fired.
The leading players in the market are Karpower International B.V., Volkswagen AG, ABB Ltd, and General Electric Company, among others.
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