New Visiongain report: Powerships Market Report 2020-2030

07 November 2019
Energy

Powerships Market Report 2020-2030: Forecasts by Type (Oil fired, Gas fired), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) and analysis of leading companies operating in this industry. Due to the growth of the global economy, the demand for energy has risen. Growth in people's income has further increased demand for energy products, such as air conditioning (ACs). The industrial sector has seen the rapid adoption of electric motor systems and the demand for energy has been increased by such industrial needs.

In addition to increased energy demand, significant growth in natural gas production is another factor that is driving the market for global powerhouses towards growth. Of example, as expected by the Permian Basin shale gas output, the U.S. will double over the forecast period (2018–2028). Such expansion in natural gas production would directly influence global powership market growth.

Powerships are very popular with end users due to their versatility in oil. Powerships will generate power depending on the availability of fuel and the operating conditions of the floating power plant using both oil and natural gas. The lack of adequate pipelines for LNG distribution and liquefaction and regasification facilities for importing gas in several countries has resulted in increased demand for LNG-to-powerships that use LNG to produce electricity. When higher emission fuels are replaced by natural gas, increasing the use of LNG-to-powerships will also help to reduce GHG emissions.

Energy demand is increasing throughout the globe. The growing global population and growing economic activities can be attributed to this raising demand for energy. Emerging economies like India and China are the main energy users. In the coming years, the digitalization of modern economies, electrification of the heating and transport market, and an increasing number of electronically connected devices will fuel the demand for electricity. Also adding to the rising demand for energy is the introduction of electric motor systems in factories and the increasing demand for air conditioning services in households.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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