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.
This report aims to provide a comprehensive presentation of the global market for Wave Energy Devices, 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 Energy Devices. This report contains market size and forecasts of Wave Energy Devices in global, including the following market information:
Global Wave Energy Devices Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Wave Energy Devices Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Wave Energy Devices companies in 2022 (%)
The global Wave Energy Devices market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Point Absorber Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Wave Energy Devices include Simec Atlantis Energy, Ocean Renewable Power Company, Orbital Marine Power, Nova Innovations, Ocean Power Technologies, Verdant Power, Carnegie Wave Energy, AWS Ocean Energy and Tocardo, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Wave Energy Devices 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 Energy Devices Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Wave Energy Devices Market Segment Percentages, by Type, 2022 (%)
Point Absorber
Oscillating Water Columns
Oscillating Body Converters
Overtopping Wave Power Device
Others
Global Wave Energy Devices Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Wave Energy Devices Market Segment Percentages, by Application, 2022 (%)
Defense & Security
Oil & Gas
Science & Research
National Grids
Commercial
Others
Global Wave Energy Devices Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Wave Energy Devices 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 Energy Devices revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Wave Energy Devices revenues share in global market, 2022 (%)
Key companies Wave Energy Devices sales in global market, 2018-2023 (Estimated), (Units)
Key companies Wave Energy Devices sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Simec Atlantis Energy
Ocean Renewable Power Company
Orbital Marine Power
Nova Innovations
Ocean Power Technologies
Verdant Power
Carnegie Wave Energy
AWS Ocean Energy
Tocardo
Oceanlinx (Wave Power Renewables Limited)
Eco Wave Power
CorPower Ocean
Oscilla Power
Wave Swell Energy
Wello Oy
AW-Energy
Outline of Major Chapters:
Chapter 1: Introduces the definition of Wave Energy Devices, market overview.
Chapter 2: Global Wave Energy Devices market size in revenue and volume.
Chapter 3: Detailed analysis of Wave Energy Devices 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 Energy Devices 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 Energy Devices 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.
