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.

The Formula 1 Powerboat World Championship is an international motorboat racing competition for powerboats organised by the Union Internationale Motonautique (UIM) and promoted by H2O Racing, hence it often being referred to as F1H2O. It is the highest class of inshore powerboat racing in the world, and as such, with it sharing the title of F1, is similar to Formula One car racing. Each race lasts approximately 45 minutes following a circuit marked out in a selected stretch of water, usually a lake, river, dock, or sheltered bay.