Wave Energy - Global Market Outlook (2018-2027)
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 .
• Overtopping Converters
• Oscillating Water Column
• Oscillating Body Converters
• Near shore
• Power Generation
• Environmental Protection
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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
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