Wave Energy Market Overview with Detailed Analysis, Forecast to 2026

The recent business intelligence study on the Wave Energy market offers crucial information on the various factors, such as growth stimulants, obstacles and restraints, and other potential expansions, that will drive the market’s growth . The research analysis claims that this industry will witness a steady growth . Important data about the regional markets and major companies prevailing in this business sector is also documented. Based on present successes and growth potential, numerous factors supporting the overall business expansion is encompassed in the report, along with a thorough examination of the competitive landscape.

Global Wave Energy Market is valued approximately at USD 37 million in 2019 and is anticipated to grow with a healthy growth rate of more than 19.3% over the forecast period 2020-2026. Wave energy is the power utilized from sea or ocean waves. It is also known as sea wave energy or ocean energy which is used for electricity generation, water desalination, pumping of water, and numerous additional tasks. Foremost trend being observed in the global wave energy market is the increased funding in the development of power projects linked with wave energy. Due to the inadequate availability of traditional fuels such as gas, oil, and coal in conjunction with correlated pollution issued by the utilization of these fuel sources and escalating investing in cleaner energy sources are key driving forces of the market growth. These wave energy resources are plentiful in nature and are ecologically friendly. Due to benefits of wave energy source, there has been a soaring trend of investment in wave energy projects. For instance, The Energy Department of United states in 2019, granted $25 Million for Next-Generation Marine Energy Research Projects including wave energy. Similarly, in 2019, European Regional Development Fund announced investment of about $5.5 million to speed up the development of a floating offshore wave and wind technology for power generation in deep water locations. Furthermore, robust government policy framework and incentive schemes is expected to create significant growth opportunity in the market over the forecast period. However, intermittent nature of certain wave impedes the growth of the market over the forecast period of 2020-2026.

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Global Wave Energy market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to strong focus on R&D and renewable energy and Growing POWER Demand from the coastal areas in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as Public funding programs, environmental regulations, government policies, ambitious renewables target and competition would create lucrative growth prospects for the Wave Energy market across Asia-Pacific region.

Major market player included in this report are:

Aquamarine Power ltd

Pelamis Wave Power Ltd.

Carnegie Wave Energy Ltd.

Ocean Power Technologies, Inc.

Ocean Renewable Power Company LLC,

Tenax Energy Solutions LLC

AquaGen Technologies

Atlantis Resources Ltd.

S.D.E. Energy Ltd.

Marine Current Turbines Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:

Oscillating Water Column

Oscillating Body Converters

Overtopping Converters

By Location:

Onshore

Near shore

Offshore

By Application:

Desalination

Power Generation

Environmental Protection

By Region:

North America

U.S.

Canada

Europe

UK

Germany

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018

Base year – 2019

Forecast period – 2020 to 2026

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Key Questions answered in the market Report are:

  • Which product segment grabbed the largest share in the market?
  • How is the competitive scenario of the market?
  • Which are the key factors aiding the market growth?
  • Which region holds the maximum share in the market?
  • What will be the CAGR of the market during the forecast period?
  • Which application segment emerged as the leading segment in the market?
  • Which are the prominent players in the market?
  • What key trends are likely to emerge in the market in the coming years?
  • What will be the market size?
  • Which company held the largest share in the market?

Main Points Covered from TOC:

1 Market Overview

1.1 Product Overview and Scope of

1.2 Segment by Type

1.3 Segment by Application

1.4 Global Market Growth Prospects

1.5 Global Market Size by Region

2 Market Competition by Manufacturers

2.1 Global Production Market Share by Manufacturers

2.2 Global Revenue Market Share by Manufacturers

2.3 Market Share by Company

2.4 Global Average Price by Manufacturers

2.5 Manufacturers Production Sites, Area Served, Product Types

2.6 Market Competitive Situation and Trends

3 Production by Region

3.1 Global Production of Market Share by Region

3.2 Global Revenue Market Share by Region

3.3 Global Production, Revenue, Price and Gross Margin

3.4 North America Production

3.5 Europe Production

3.6 China Production

4 Global Consumption by Region

4.1 Global Consumption by Region

4.2 North America

4.3 Europe

4.4 Asia Pacific

4.5 Latin America

5 Market Segment by Type

5.1 Global Production Market Share by Type

5.2 Global Revenue Market Share by Type

5.3 Global Price by Type

6 Segment by Application

6.1 Global Production Market Share by Application

6.2 Global Revenue Market Share by Application

6.3 Global Price by Application

7 Key Companies Profiled

7.1 Company A

7.1.1 Corporation Information

7.1.2 Product Portfolio

7.1.3 Production, Revenue, Price and Gross Margin

7.1.4 Main Business and Markets Served

7.1.5 Recent Developments/Updates

7.2 Company B

7.2.1 Corporation Information

7.2.2 Product Portfolio

7.2.3 Production, Revenue, Price and Gross Margin

7.2. Main Business and Markets Served

7.2.5 Recent Developments/Updates

8 Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Production and Supply Forecast

12 Consumption and Demand Forecast

13 Forecast by Type and by Application

14 Research Finding and Conclusion

15 Methodology and Data Source

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