The Global Wave Energy market is expected to reach $141.07 million by 2026 growing at a CAGR of 20.8% from 2018 to 2026. Wave energy is the transport and consume of energy by ocean surface waves. The energy captured is then used for all special kinds of helpful work, as well as power generation, water desalination, and pumping of water. Wave energy is also a kind of renewable energy and is the major expected global resource form of ocean energy.
Factors such as rising demand for power from coastal communities and abundant accessibility of wave energy supply are driving the market growth. Though, high investment restrains the market growth. Moreover, addition of wave energy with extra renewable energy technologies is the opportunity for the Wave Energy market.
Based on applications, the power generation services segment is going to have a lucrative growth during the forecast period, due to this supremacy can be attributed to an eager emphasis on electrical energy generation by means of renewable sources. This is being finished to curb production of green house gases as of power generation operations.
The key vendors mentioned are Amog Consulting , AquaGen Technologies, Aquamarine Power ltd, Atlantis Resources Ltd, Carnegie Wave Energy Ltd, D.E. Energy Ltd , Eco Wave Power, Marine Current Turbines Ltd , Nemos, Ocean Power Technologies Inc, Ocean Renewable Power Company LLC , Pelamis Wave Power Ltd, Sinn Power, Tenax Energy Solutions LLC and Wave Swell.
Key Questions Answered in this Report:
How this market evolved since the year 2016
Market size estimations, forecasts and CAGR for all the segments presented in the scope
Key Market Developments and financials of the key players
Opportunity Analysis for the new entrants
SWOT Analysis of the key players
Fastest growing markets analysed during the forecast period
Key Topics Covered:
1 Market Synopsis
2 Research Outline 2.1 Research Snapshot 2.2 Research Methodology 2.3 Research Sources 2.3.1 Primary Research Sources 2.3.2 Secondary Research Sources
3 Market Dynamics 3.1 Drivers 3.2 Restraints
4 Market Environment 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 Body Converters 5.4 Oscillating Water Column
6 Global Wave Energy Market, By Location 6.1 Introduction 6.2 Near shore 6.3 Onshore 6.4 Offshore
7 Global Wave Energy Market, By Application 7.1 Introduction 7.2 Desalination 7.3 Environmental Protection 7.4 Power Generation
8 Global Wave Energy Market, By Geography 8.1 Introduction 8.2 North America 8.3 Europe 8.4 Asia Pacific 8.5 South America 8.6 Middle East & Africa
9 Strategic Benchmarking
10 Vendors Landscape 10.1 Amog Consulting 10.2 AquaGen Technologies 10.3 Aquamarine Power ltd 10.4 Atlantis Resources Ltd 10.5 Carnegie Wave Energy Ltd 10.6 D.E. Energy Ltd 10.7 Eco Wave Power 10.8 Marine Current Turbines Ltd 10.9 Nemos 10.10 Ocean Power Technologies, Inc 10.11 Ocean Renewable Power Company LLC 10.12 Pelamis Wave Power Ltd 10.13 Sinn Power 10.14 Tenax Energy Solutions LLC 10.15 Wave Swell
