The 2014 UIM F1 H2O World Championship was the 31st season of Formula 1 Powerboat racing. Alex Carella, driving for the Qatar Team, entered the season as defending triple world champion having successfully defended his world championship for the second year in a row in 2013.
Carella's streak as champion was ended by France's Philippe Chiappe for the CTIC China Team. Chiappe won the final two races of the season in Abu Dhabi and Sharjah, overhauling a ten-point deficit to Carella and eventually won the championship – the first for a French competitor – by eight points. Carella had won the season's first two races in Doha and Liuzhou, before he was disqualified in the third race of the season, which was held in Doha. Third place in the championship went to Carella's team-mate Shaun Torrente, who was the only other winner of the 2014 season, in the second Doha event. The results for Carella and Torrente were more than enough for the Qatar Team to win the teams' championship, 40 points clear of the CTIC China Team. The pole position and fastest lap trophies were also taken by Carella, beating Chiappe in both categories.
As in 2013, there were no major changes to the teams present in the 2014 championship. All nine were once again represented, albeit with some sporting new identities. The most significant of these was the new title sponsorship of Francesco Cantando's team. Known as Singha for many years, thanks to sponsorship from the Thai Singha brand of alcohol, Cantando signed a new deal ensuring his team would be known as the Motorglass F1 Team from 2014. Joining Cantando would once again be Bartek Marszalek who competed in five of the six races in 2013, and fellow Italian Marco Gambi. Whereas Bartek competed for the full year, Gambi was only present at the opening round in Doha. Jonas Andersson's team was the other to undergo a change of identity over the winter as he once again reverted to the Team Sweden name, having been sponsored by Azerbaijan the previous year. For the first race in Qatar, Andersson's team ran with just his own boat, but was joined by 2012 F-4S champion and fellow Swede Jesper Forss from the second race onwards.