Enjoy complimentary customisation on priority with our Enterprise License!
The powerships market share is expected to increase by 7.38 GW from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 23%.
This powerships market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by type (Oil-fired and Gas-fired) and geography (MEA and ROW). The powerships market report also offers information on several market vendors, including ABB Ltd., Power Barge Corp., GAS Entec Co. Ltd., General Electric Co., Karadeniz Holding, Mitsui O.S.K. Lines Ltd., Volkswagen AG, Waller Marine Inc., Wartsila Corp., and Burmeister & Wain Scandinavian Contractor AS among others.
Download the Free Report Sample to Unlock the Powerships Market Size for the Forecast Period and Other Important Statistics
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rising global energy demand is notably driving the powerships market growth, although factors such as competition from renewable energy sources may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the powerships industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Driver for the Powerships Market
Rising global energy demand is one of the key drivers for the market in focus. The robust economic growth has increased the demand for energy across the globe. The global energy demand growth was driven by countries such as China and the US, which together accounted for more than 70% of the global energy demand growth in 2018. The global electricity demand is expected to increase twofold compared with global energy demand, thus registering a significant growth rate. The growth in global electricity demand is driven by emerging economies such as China and India, which will drive the market in focus during the forecast period.
Key Challenge for the Powerships Market
Competition from renewable energy sources is one of the key challenges for the market in focus. The power sector accounted for nearly two-thirds of the growth in emissions in 2018. As a result, there has been a rising focus on the adoption of clean energy sources such as renewables. The increasing carbon emissions due to power generation has been propelling the adoption of clean energy sources such as renewables. Thus, the rising adoption of renewables for electricity production limits the use of fossil fuels such as natural gas and oil, thereby hindering the growth of the market in focus.
This powerships market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the powerships market encompasses successful business strategies deployed by the key vendors. The powerships market is concentrated and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The powerships market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.