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Global Ocean Wave Energy Technology Market Growth (Status and Outlook) 2025-2031

Publisher LP Information, Inc.
Published Aug 15, 2025
Length 102 Pages
SKU # LPI20314011

Description

The global Ocean Wave Energy Technology market size is predicted to grow from US$ 2256 million in 2025 to US$ 3147 million in 2031; it is expected to grow at a CAGR of 5.7% from 2025 to 2031.

Ocean Wave Energy Technology refers to the process of harnessing the energy created by ocean waves and converting it into usable electricity. It is part of the broader category of marine renewable energy (MRE), alongside tidal, ocean thermal, and salinity gradient energy. Wave energy is considered a promising source of clean, renewable energy due to the vast, predictable, and powerful nature of ocean waves.

United States market for Ocean Wave Energy Technology is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Ocean Wave Energy Technology is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Ocean Wave Energy Technology is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Ocean Wave Energy Technology players cover Ocean Power Technologies, CorPower Ocean, Waves4Power, Marine Power Systems, Carnegie Clean Energy, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LPI (LP Information)' newest research report, the “Ocean Wave Energy Technology Industry Forecast” looks at past sales and reviews total world Ocean Wave Energy Technology sales in 2024, providing a comprehensive analysis by region and market sector of projected Ocean Wave Energy Technology sales for 2025 through 2031. With Ocean Wave Energy Technology sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ocean Wave Energy Technology industry.

This Insight Report provides a comprehensive analysis of the global Ocean Wave Energy Technology landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Ocean Wave Energy Technology portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Ocean Wave Energy Technology market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ocean Wave Energy Technology and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ocean Wave Energy Technology.

This report presents a comprehensive overview, market shares, and growth opportunities of Ocean Wave Energy Technology market by product type, application, key players and key regions and countries.

Segmentation by Type:
Oscillating Water Column
Point Absorber
Oscillating Body
Overtopping Device
Pressure Differential

Segmentation by Application:
Offshore Power Generation
Ocean Monitoring
Seawater Desalination
Offshore Communication
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Ocean Power Technologies
CorPower Ocean
Waves4Power
Marine Power Systems
Carnegie Clean Energy
AW-Energy
Seabased
Eco Wave Power
HydroQuest
Pelamis Wave Power
Orbital Marine Power
Sustainable Marine Energy
Lighthouse Wave Power

Please note: The report will take approximately 2 business days to prepare and deliver.

Table of Contents

102 Pages
*This is a tentative TOC and the final deliverable is subject to change.*
1 Scope of the Report
2 Executive Summary
3 Ocean Wave Energy Technology Market Size by Player
4 Ocean Wave Energy Technology by Region
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Global Ocean Wave Energy Technology Market Forecast
11 Key Players Analysis
12 Research Findings and Conclusion

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