Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Wave Power Generation Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wave Power Generation Equipment. This report contains market size and forecasts of Wave Power Generation Equipment in global, including the following market information:
Global Wave Power Generation Equipment Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Wave Power Generation Equipment Market Sales, 2018-2023, 2024-2029, (kW)
Global top five Wave Power Generation Equipment companies in 2022 (%)
The global Wave Power Generation Equipment market was valued at US$ 28 million in 2022 and is projected to reach US$ 100.4 million by 2029, at a CAGR of 20.2% during the forecast 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.
We surveyed the Wave Power Generation Equipment manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Wave Power Generation Equipment Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (kW)
Global Wave Power Generation Equipment Market Segment Percentages, by Type, 2022 (%)
Attenuators
Point Absorbers
Oscillating Wave Surge Converters
Oscillating Water Columns
Others
Global Wave Power Generation Equipment Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (kW)
Global Wave Power Generation Equipment Market Segment Percentages, by Application, 2022 (%)
Utility Grid
Industrial
Science and Research
Oil and Gas
Defense and Security
Others
Global Wave Power Generation Equipment Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (kW)
Global Wave Power Generation Equipment Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Wave Power Generation Equipment revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Wave Power Generation Equipment revenues share in global market, 2022 (%)
Key companies Wave Power Generation Equipment sales in global market, 2018-2023 (Estimated), (kW)
Key companies Wave Power Generation Equipment sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Wave Power Generation Equipment, market overview.
Chapter 2: Global Wave Power Generation Equipment market size in revenue and volume.
Chapter 3: Detailed analysis of Wave Power Generation Equipment manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Wave Power Generation Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Wave Power Generation Equipment capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
