Market Intelligence

The market for wind propulsion systems is growing quickly and this market intelligence section gives over overview of retrofit installations, new build ships, wind-ready ships and forecasts for further growth. These market details will be updated quarterly.

Total Number of Wind Installed Ships

(Q3, 2024)

Total Tonnage of Wind Installed Ships

(Q3, 2024)

Total Number of
Wind-Ready Ships

(Q3, 2024)

Surveys

Low/Zero Emission Vessels & Wind Propulsion Survey - 2025

February-March 2025

This survey is released this year to help gauge the wind propulsion market development, barriers, drivers and perceptions of the technology in comparison with the 2023 survey. The survey is focused on three main groups: policy makers, shipowners/charterers and general maritime stakeholders. Results of the survey will be presented at the Wind Propulsion Conference - Asia in Singapore 25-26 March and in a subsequent report in April 2025

This was the first annual small vessel survey conducted by IWSA and was primarily focussed on small sail cargo operators with most respondents from the US, UK and EU.

This roundtable was convened by IWSA, bringing together 30+ leading experts in the field of wind propulsion for a stock take of progress in meeting barriers and challenges to the uptake of wind propulsion, analysis of the factors driving the momentum evident in the sector and focusing on solutions and pathways forward.

Low/Zero Emission Vessels & Wind Propulsion Survey - 2023

May 2023

This survey was released in 2023 to gauge the wind propulsion market development, barriers, drivers and perceptions of the technology and how this direct renewable energy source is placed within the wider energy transition drive within shipping. The survey reached out to policy makers, shipowners, charterers and general maritime stakeholders, with over 80 respondents (excluding IWSA members) Detailed results can be found throughout our 2024 Wind Propulsion White Paper.

Reports

This extensive report was compiled by IWSA and aims to establish a baseline regarding wind propulsion, primarily from a policy perspective and submitted to the International Maritime Organisation (IMO) in submission MEPC 81/INF.39

Small Windship Publication - 2024

September 2024

This publication is not a definitive report on the small windship vessel segment but rather a collection of articles, interviews, and survey results. The aim of this publication is to build an archive of useful material that helps us better understand this multi-faceted and dynamic segment. Read online: https://issuu.com/international_windship_association/docs/iwsa_-_small_vessel_publication

European Maritime Safety Agency (EMSA) - Potential of Wind-Assisted Propulsion in Shipping

November 2023

The maritime industry faces substantive challenges due to increasingly strict air emissions and climate legislation as its practitioners navigate the course towards decarbonisation. Among the broad spectrum of technologies and fuel solutions being considered, wind-assisted propulsion systems are seen as a technology that could reduce the fuel consumption from ships and, consequently, lower their greenhouse gas (GHG) and other emissions. Download (PDF) https://www.emsa.europa.eu/publications/reports/download/7664/5078/23.html

EU Report - Study on the analysis of market potentials and market barriers for wind propulsion technologies for ships

2016/17

This study, commissioned by the EU DG Clima (Climate Action), focuses on the direct utilisation of wind for the propulsion of commercial ships in the form of wind-assisted shipping. The study has three main objectives. The first aim of the study is to identify both the barriers to the development and uptake of wind propulsion technologies and the possible actions that can contribute to overcome these barriers. The second aim is to estimate the market and emissions savings potential of the wind propulsion technologies, and the third aim is to determine the economic and social effects associated with this market potential. Download (PDF) https://cedelft.eu/wp-content/uploads/sites/2/2021/04/CE_Delft_7G92_Wind_Propulsion_Technologies_Final_report.pdf

Market Growth

Alternative fuels uptake assessments and forecast data have been collated from numerous industry reports, while the wind propulsion update and forecasts are derived from IWSA internal data.

Business Case Scenarios and Benefits

This example takes 10% propulsive energy provision from wind propulsion systems as a mid-point in standard retrofit/wind-assist installations. This level of energy provision is based on a 'motor' vessel operational profile without any adjustments being made to optimise the wind propulsion component. This simulation is derived from estimated and approximate values derived from VLSFO and VLSFOe pricing (US$550/ton - average 2024) and average EU carbon pricing levels during 2024.

This example takes 50% propulsive energy provision from a primary wind vessel as the lowest provision level designated as 'primary wind' and delivered as a new build vessel. This level of energy provision is based on a wind vessel operational profile with adjustments being made to optimise the wind propulsion component and the use of optimised routing. This simulation is derived from estimated and approximate values derived from VLSFO and VLSFOe pricing (US$550/ton - average 2024) and average EU carbon pricing levels during 2024.

More Windship Information