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Global Ocean Power Market 2018-2022

Global Ocean Power Market 2018-2022

About Ocean Power

Ocean power or ocean energy involves the process of harnessing the movement of tides in the ocean to generate electricity. Special buoys, turbines, and other technologies are placed in the ocean to capture the power generated from the sea stream and tides that are connected to a generator. This generator converts the power of stream and tide into pollution-free, renewable electricity.

Technavio’s analysts forecast the Global Ocean Power Market to grow at a CAGR of 10.49% during the period 2018-2022.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Ocean Power Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ANDRITZ HYDRO Hammerfest
  • Atlantis Resources
  • Ocean Power Technologies
  • OpenHydro
  • Seabased
  • Wello Oy
Market driver
  • Growing need for reducing the dependency on fossil fuel
  • For a full, detailed list, view our report
Market challenge
  • High project cost
  • For a full, detailed list, view our report
Market trend
  • Increasing focus on clean energy development
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Ocean Power Market 2018-2022

Technavio recognizes the following companies as the key players in the Global Ocean Power Market: ANDRITZ HYDRO Hammerfest, Atlantis Resources, Ocean Power Technologies, OpenHydro, Seabased, and Wello Oy.

Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the increasing focus on clean energy development.”

According to the report, one driver influencing this market is the growing need for reducing the dependency on fossil fuel.

Further, the report states that one challenge affecting this market is the high project cost.

Companies Mentioned

ANDRITZ HYDRO Hammerfest
Atlantis Resources
Ocean Power Technologies
OpenHydro
Seabased
Wello Oy

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global renewable energy market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global - Market size and forecast 2017-2022 (GWh)
      • Table Global - Year over year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by technology
    • Segmentation by technology
      • Table Technology - Market share 2017-2022 (%)
    • Comparison by technology
      • Table Comparison by technology
    • Tidal power - Market size and forecast 2017-2022
      • Table Tidal power - Market size and forecast 2017-2022 (GWh)
      • Table Tidal power - Year over year growth 2018-2022 (%)
    • Wave power - Market size and forecast 2017- 2022
      • Table Wave power - Market size and forecast 2017-2022 (GWh)
      • Table Wave power - Year over year growth 2018-2022 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Regional - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 (GWh)
      • Table EMEA - Year over year growth 2018-2022 (%)
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 (GWh)
      • Table APAC - Year over year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 (GWh)
      • Table Americas - Year over year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global carbon dioxide emission from fuel combustion 2014 (%)
      • Table Global electricity generation and source 1973 and 2015
      • Table Worldwide theoretical power of tidal and wave power
    • Market challenges
      • Table Project cost and stage of development
      • Table Indexed cost comparison of conventional renewable energy with tidal and ocean power 2016
  • Market trends
    • Increasing focus on clean energy development
      • Table IEA OES member countries 2001 and 2016
    • Advances in marine turbines
      • Table Global ocean energy-related patents 2000-2016
    • Increasing industrial activities and investments
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ANDRITZ HYDRO Hammerfest
      • Table ANDRITZ HYDRO Hammerfest overview
      • Table ANDRITZ HYDRO Hammerfest - Business segments
      • Table ANDRITZ HYDRO Hammerfest - Organizational developments
      • Table ANDRITZ HYDRO Hammerfest - Geographic focus
      • Table ANDRITZ HYDRO Hammerfest - Segment focus
      • Table ANDRITZ HYDRO Hammerfest - Key offerings
    • Atlantis Resources
      • Table Atlantis Resources overview
      • Table Atlantis Resources - Business segments
      • Table Atlantis Resources - Organizational developments
      • Table Atlantis Resources - Geographic focus
      • Table Atlantis Resources - Segment focus
      • Table Atlantis Resources - Key offerings
    • Ocean Power Technologies
      • Table Ocean Power Technologies overview
      • Table Ocean Power Technologies - Business segments
      • Table Ocean Power Technologies - Organizational developments
      • Table Ocean Power Technologies - Geographic focus
      • Table Ocean Power Technologies - Segment focus
      • Table Ocean Power Technologies - Key offerings
    • OpenHydro
      • Table OpenHydro overview
      • Table OpenHydro - Business segments
      • Table OpenHydro - Organizational developments
      • Table OpenHydro - Geographic focus
      • Table OpenHydro - Segment focus
      • Table OpenHydro - Key offerings
    • Seabased
      • Table Seabased overview
      • Table Seabased - Business segments
      • Table Seabased - Organizational developments
      • Table Seabased - Geographic focus
      • Table Seabased - Segment focus
      • Table Seabased - Key offerings
    • Wello Oy
      • Table Wello Oy overview
      • Table Wello Oy - Business segments
      • Table Wello Oy - Organizational developments
      • Table Wello Oy - Geographic focus
      • Table Wello Oy - Segment focus
      • Table Wello Oy - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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