Wave energy (or wave power) is the transport and capture of energy by ocean surface waves. The energy captured is then used for all different kinds of useful work, including electricity generation, water desalination, and pumping of water. Wave energy is also a type of renewable energy and is the largest estimated global resource form of ocean energy. The amount of power available in the movement of ocean waves has inspired many engineers to develop machines and devices to capture and use this free oceanic power. In certain parts of the world’s oceans the amount of wave energy is vast, so the development of wave energy devices to exploit the the inherent oscillatory nature of ocean waves for electrical energy generation. Waves have the potential to provide a completely sustainable source of energy, which can be captured and converted into electricity by wave power generation machines. These machines have been developed to extract energy from shoreline out to the deeper waters offshore including: attenuator, point absorber, oscillating wave surge converter, oscillating water column, overtopping/terminator device, submerged pressure differential, bulge wave etc.
According to our (Global Info Research) latest study, the global Wave Power Generation Equipment market size was valued at USD 28 million in 2022 and is forecast to a readjusted size of USD 100.4 million by 2029 with a CAGR of 20.2% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of Wave Power Generation Equipment include C-Power, AW-Energy and Hann-Ocean, etc. Global top three manufacturers hold a share over 30%. Europe is the largest producer of Wave Power Generation Equipment, with a share over 40%, followed by North America and Australia.
This report is a detailed and comprehensive analysis for global Wave Power Generation Equipment market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Wave Power Generation Equipment market size and forecasts, in consumption value ($ Million), sales quantity (kW), and average selling prices (USD/kW), 2018-2029
Global Wave Power Generation Equipment market size and forecasts by region and country, in consumption value ($ Million), sales quantity (kW), and average selling prices (USD/kW), 2018-2029
Global Wave Power Generation Equipment market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (kW), and average selling prices (USD/kW), 2018-2029
Global Wave Power Generation Equipment market shares of main players, shipments in revenue ($ Million), sales quantity (kW), and ASP (USD/kW), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Wave Power Generation Equipment
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Wave Power Generation Equipment market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include C-Power, AW-Energy, Hann-Ocean, AWS Ocean Energy and Bombora Wave Power, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Wave Power Generation Equipment market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Attenuators
Point Absorbers
Oscillating Wave Surge Converters
Oscillating Water Columns
Others
Market segment by Application
Utility Grid
Industrial
Science and Research
Oil and Gas
Defense and Security
Others
Major players covered
C-Power
AW-Energy
Hann-Ocean
AWS Ocean Energy
Bombora Wave Power
Wello
Oscilla Power
Mocean Energy
Wave Swell Energy
SINN Power
Ocean Power Technologies (OPT)
CorPower Ocean
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Wave Power Generation Equipment product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Wave Power Generation Equipment, with price, sales, revenue and global market share of Wave Power Generation Equipment from 2018 to 2023.
Chapter 3, the Wave Power Generation Equipment competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Wave Power Generation Equipment breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Wave Power Generation Equipment market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Wave Power Generation Equipment.
Chapter 14 and 15, to describe Wave Power Generation Equipment sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Wave Power Generation Equipment. Industry analysis & Market Report on Wave Power Generation Equipment is a syndicated market report, published as Global Wave Power Generation Equipment Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Wave Power Generation Equipment market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.