Ship Power
Demand in the shipbuilding and shipping industry is driven by the world economy, trade and needed transport capacity. The main market driver for Wärtsilä Ship Power is the global demand for new vessels that are based on seaborne transportation, offshore oil exploration and support, cruise and ferry demand as well as naval contracting. The demand for new vessels is also affected by shipyard capacity, ship prices, scrapping, oil prices, interest rates, freight rates and environmental aspects.
Services
The main growth driver for the Wärtsilä Services business is lifecycle efficiency focusing on availability, reliability and economy of equipment and installations. Other issues driving growth in the Services market are environmental issues, operational and equipment performance as well as O&M outsourcing.
Power Plants
Strong growth in world economy boosts the need for electricity. High oil prices and tightening environmental norms favour high-efficiency products and works in favour of Wärtsilä’s products. Electricity consumption growth rates are fairly high in the developing world and drives demand for both Wärtsilä’s heavy fuel oil and gas power plants. In the industrialized world Wärtsilä’s demand is mainly driven by the need for stable, reliable and flexible energy that Wärtsilä power plants provide.
