Wave Energy Market
PUBLISHED: 2020 ID: SMRC19101
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Wave Energy Market

Wave Energy - Global Market Outlook (2018-2027)

4.5 (94 reviews)
4.5 (94 reviews)
Published: 2020 ID: SMRC19101

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Wave Energy Market is accounted for $30.84million in 2018 and is expected to reach $175.32million by 2027 growing at a CAGR of 21.3% during the forecast period. Abundant obtainability of wave energy resource, rising adoption of renewable energy generation and high demand for power from coastal communities are propelling the market growth. However, high CAPEX investment is hamperingthe market growth.
 
Wave energy is the transport and capture of energy of wind waves to do useful work like electricity generation, water desalination, or pumping water. Wave power is different from tidal power, which captures the energy of the current caused by the gravitational pull of the Sun and Moon.

Based on the location, the near shore segment is going to have a lucrative growth during the forecast period as these shore installations are typically easier, less expensiveand also the operational efficiency of this installations are found to be better in many cases. By geography, Europeis going to have a lucrative growth during the forecast period as there will be high adoption and installation of wave energy conversion devices due to the presence of a large number of companies operating in the R&D of wave energy converters.

Some of the key players profiled in the Wave EnergyMarket includeWavec Offshore Renewables, Wave Swell, Wave for Energy , Tapered Channel Wave Energy, Sinn Power, Sener, Oceanenergy, Ocean Power Technologies, Nemos, Limerick Wave, Hann Ocean Energy, FDN (Functional Design Netherlands), Eco Wave Power, Corpower Ocean, Carnegie Clean Energy, AWS Ocean Energy , Arrecife Energy Systems, Aquanet Power, Amog Consulting and Accumulated Ocean Energy .  

Technologies Covered:
• Overtopping Converters
• Oscillating Water Column
• Oscillating Body Converters

Locations Covered:
• Onshore
• Offshore
• Near shore  

Applications Covered:
• Power Generation
• Environmental Protection
• Desalination

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary     
       
2 Preface   
   
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 Technology Analysis   
 3.7 Application Analysis   
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Wave Energy Market, By Technology  
 5.1 Introduction    
 5.2 Overtopping Converters   
 5.3 Oscillating Water Column   
 5.4 Oscillating Body Converters   
       
6 Global Wave Energy Market, By Location   
 6.1 Introduction    
 6.2 Onshore     
 6.3 Offshore     
 6.4 Near shore    
       
7 Global Wave Energy Market, By Application  
 7.1 Introduction    
 7.2 Power Generation    
 7.3 Environmental Protection   
 7.4 Desalination    
       
8 Global Wave Energy Market, By Geography  
 8.1 Introduction    
 8.2 North America    
  8.2.1 US    
  8.2.2 Canada    
  8.2.3 Mexico    
 8.3 Europe     
  8.3.1 Germany    
  8.3.2 UK    
  8.3.3 Italy    
  8.3.4 France    
  8.3.5 Spain    
  8.3.6 Rest of Europe   
 8.4 Asia Pacific    
  8.4.1 Japan    
  8.4.2 China    
  8.4.3 India     
  8.4.4 Australia    
  8.4.5 New Zealand   
  8.4.6 South Korea   
  8.4.7 Rest of Asia Pacific   
 8.5 South America    
  8.5.1 Argentina   
  8.5.2 Brazil    
  8.5.3 Chile    
  8.5.4 Rest of South America  
 8.6 Middle East & Africa   
  8.6.1 Saudi Arabia   
  8.6.2 UAE    
  8.6.3 Qatar    
  8.6.4 South Africa   
  8.6.5 Rest of Middle East & Africa  
       
9 Key Developments     
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
 9.2 Acquisitions & Mergers   
 9.3 New Product Launch   
 9.4 Expansions    
 9.5 Other Key Strategies   
       
10 Company Profiling     
 10.1 Wavec Offshore Renewables   
 10.2 Wave Swell    
 10.3 Wave for Energy    
 10.4 Tapered Channel Wave Energy  
 10.5 Sinn Power     
 10.6 Sener     
 10.7 Oceanenergy    
 10.8 Ocean Power Technologies   
 10.9 Nemos     
 10.10 Limerick Wave    
 10.11 Hann Ocean Energy    
 10.12 FDN (Functional Design Netherlands)  
 10.13 Eco Wave Power    
 10.14 Corpower Ocean    
 10.15 Carnegie Clean Energy   
 10.16 AWS Ocean Energy    
 10.17 Arrecife Energy Systems   
 10.18 Aquanet Power    
 10.19 Amog Consulting    
 10.20 Accumulated Ocean Energy  


List of Tables      
1 Global Wave Energy Market Outlook, By Region (2017-2027) ($MN)
2 Global Wave Energy Market Outlook, By Technology (2017-2027) ($MN)
3 Global Wave Energy Market Outlook, By Overtopping Converters (2017-2027) ($MN)
4 Global Wave Energy Market Outlook, By Oscillating Water Column (2017-2027) ($MN)
5 Global Wave Energy Market Outlook, By Oscillating Body Converters (2017-2027) ($MN)
6 Global Wave Energy Market Outlook, By Location (2017-2027) ($MN)
7 Global Wave Energy Market Outlook, By Onshore (2017-2027) ($MN)
8 Global Wave Energy Market Outlook, By Offshore (2017-2027) ($MN)
9 Global Wave Energy Market Outlook, By Near shore (2017-2027) ($MN)
10 Global Wave Energy Market Outlook, By Application (2017-2027) ($MN)
11 Global Wave Energy Market Outlook, By Power Generation (2017-2027) ($MN)
12 Global Wave Energy Market Outlook, By Environmental Protection (2017-2027) ($MN)
13 Global Wave Energy Market Outlook, By Desalination (2017-2027) ($MN)
14 North America Wave Energy Market Outlook, By Country (2017-2027) ($MN)
15 North America Wave Energy Market Outlook, By Technology (2017-2027) ($MN)
16 North America Wave Energy Market Outlook, By Overtopping Converters (2017-2027) ($MN)
17 North America Wave Energy Market Outlook, By Oscillating Water Column (2017-2027) ($MN)
18 North America Wave Energy Market Outlook, By Oscillating Body Converters (2017-2027) ($MN)
19 North America Wave Energy Market Outlook, By Location (2017-2027) ($MN)
20 North America Wave Energy Market Outlook, By Onshore (2017-2027) ($MN)
21 North America Wave Energy Market Outlook, By Offshore (2017-2027) ($MN)
22 North America Wave Energy Market Outlook, By Near shore (2017-2027) ($MN)
23 North America Wave Energy Market Outlook, By Application (2017-2027) ($MN)
24 North America Wave Energy Market Outlook, By Power Generation (2017-2027) ($MN)
25 North America Wave Energy Market Outlook, By Environmental Protection (2017-2027) ($MN)
26 North America Wave Energy Market Outlook, By Desalination (2017-2027) ($MN)
27 Europe Wave Energy Market Outlook, By Country (2017-2027) ($MN)
28 Europe Wave Energy Market Outlook, By Technology (2017-2027) ($MN)
29 Europe Wave Energy Market Outlook, By Overtopping Converters (2017-2027) ($MN)
30 Europe Wave Energy Market Outlook, By Oscillating Water Column (2017-2027) ($MN)
31 Europe Wave Energy Market Outlook, By Oscillating Body Converters (2017-2027) ($MN)
32 Europe Wave Energy Market Outlook, By Location (2017-2027) ($MN)
33 Europe Wave Energy Market Outlook, By Onshore (2017-2027) ($MN)
34 Europe Wave Energy Market Outlook, By Offshore (2017-2027) ($MN)
35 Europe Wave Energy Market Outlook, By Near shore (2017-2027) ($MN)
36 Europe Wave Energy Market Outlook, By Application (2017-2027) ($MN)
37 Europe Wave Energy Market Outlook, By Power Generation (2017-2027) ($MN)
38 Europe Wave Energy Market Outlook, By Environmental Protection (2017-2027) ($MN)
39 Europe Wave Energy Market Outlook, By Desalination (2017-2027) ($MN)
40 Asia Pacific Wave Energy Market Outlook, By Country (2017-2027) ($MN)
41 Asia Pacific Wave Energy Market Outlook, By Technology (2017-2027) ($MN)
42 Asia Pacific Wave Energy Market Outlook, By Overtopping Converters (2017-2027) ($MN)
43 Asia Pacific Wave Energy Market Outlook, By Oscillating Water Column (2017-2027) ($MN)
44 Asia Pacific Wave Energy Market Outlook, By Oscillating Body Converters (2017-2027) ($MN)
45 Asia Pacific Wave Energy Market Outlook, By Location (2017-2027) ($MN)
46 Asia Pacific Wave Energy Market Outlook, By Onshore (2017-2027) ($MN)
47 Asia Pacific Wave Energy Market Outlook, By Offshore (2017-2027) ($MN)
48 Asia Pacific Wave Energy Market Outlook, By Near shore (2017-2027) ($MN)
49 Asia Pacific Wave Energy Market Outlook, By Application (2017-2027) ($MN)
50 Asia Pacific Wave Energy Market Outlook, By Power Generation (2017-2027) ($MN)
51 Asia Pacific Wave Energy Market Outlook, By Environmental Protection (2017-2027) ($MN)
52 Asia Pacific Wave Energy Market Outlook, By Desalination (2017-2027) ($MN)
53 South America Wave Energy Market Outlook, By Country (2017-2027) ($MN)
54 South America Wave Energy Market Outlook, By Technology (2017-2027) ($MN)
55 South America Wave Energy Market Outlook, By Overtopping Converters (2017-2027) ($MN)
56 South America Wave Energy Market Outlook, By Oscillating Water Column (2017-2027) ($MN)
57 South America Wave Energy Market Outlook, By Oscillating Body Converters (2017-2027) ($MN)
58 South America Wave Energy Market Outlook, By Location (2017-2027) ($MN)
59 South America Wave Energy Market Outlook, By Onshore (2017-2027) ($MN)
60 South America Wave Energy Market Outlook, By Offshore (2017-2027) ($MN)
61 South America Wave Energy Market Outlook, By Near shore (2017-2027) ($MN)
62 South America Wave Energy Market Outlook, By Application (2017-2027) ($MN)
63 South America Wave Energy Market Outlook, By Power Generation (2017-2027) ($MN)
64 South America Wave Energy Market Outlook, By Environmental Protection (2017-2027) ($MN)
65 South America Wave Energy Market Outlook, By Desalination (2017-2027) ($MN)
66 Middle East & Africa Wave Energy Market Outlook, By Country (2017-2027) ($MN)
67 Middle East & Africa Wave Energy Market Outlook, By Technology (2017-2027) ($MN)
68 Middle East & Africa Wave Energy Market Outlook, By Overtopping Converters (2017-2027) ($MN)
69 Middle East & Africa Wave Energy Market Outlook, By Oscillating Water Column (2017-2027) ($MN)
70 Middle East & Africa Wave Energy Market Outlook, By Oscillating Body Converters (2017-2027) ($MN)
71 Middle East & Africa Wave Energy Market Outlook, By Location (2017-2027) ($MN)
72 Middle East & Africa Wave Energy Market Outlook, By Onshore (2017-2027) ($MN)
73 Middle East & Africa Wave Energy Market Outlook, By Offshore (2017-2027) ($MN)
74 Middle East & Africa Wave Energy Market Outlook, By Near shore (2017-2027) ($MN)
75 Middle East & Africa Wave Energy Market Outlook, By Application (2017-2027) ($MN)
76 Middle East & Africa Wave Energy Market Outlook, By Power Generation (2017-2027) ($MN)
77 Middle East & Africa Wave Energy Market Outlook, By Environmental Protection (2017-2027) ($MN)
78 Middle East & Africa Wave Energy Market Outlook, By Desalination (2017-2027) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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