Report cover image

Wave Energy Converter Market Size- By Type, By Mode of Operation, By Deployment Location, By Take-Off System, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Publisher SPER Market Research Pvt. Ltd.
Published Mar 15, 2023
Length 234 Pages
SKU # SPER18083097

Description

Wave Energy Converter Market Size- By Type, By Mode of Operation, By Deployment Location, By Take-Off System, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032


Global Wave Energy Converter Market Overview

According to SPER Market Research, the Global Wave Energy Converter Market is estimated to reach USD 0.03 billion by 2032 with a CAGR of 4.55%. The kinetic and potential energy associated with a moving ocean wave is transformed into usable mechanical or electrical energy by devices known as wave energy converters. In order to move saltwater for desalination or to power underwater vehicles, wave energy converters generate clean energy. Using a wave energy converter, the energy present in ocean waves is captured and used to produce power. It is a very efficient method that taps into the vast, inexhaustible energy that ocean waves provide. The wave energy converter uses a number of techniques to capture wave energy. Depending on the setting and ocean depth, it is employed.

Impact of COVID-19 on the Global Wave Energy Converter Market

The global economy and various industries have been significantly affected by the COVID-19 pandemic, and the wave energy converter (WEC) market is no different. The pandemic has impacted the WEC market in multiple ways, including delayed installations due to travel and construction restrictions, which have caused a slowdown in the market. Furthermore, investors have become more cautious due to the pandemic's uncertainty, resulting in a reduction in WEC project funding. Additionally, the WEC market's global supply chain has experienced disruptions, causing delays in the delivery of necessary components and equipment, further impeding installation progress.

Scope of the Report:

Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered
By Type, By Mode of Operation, By Deployment Location, By Take-Off System, By Application
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered Ocean Power Technologies, Marine Power Systems, Eco Wave Power, SINN Power GmbH, NEMOS GmbH, INGINE Inc., Carnegie Clean Energy, AWS Ocean Energy, HavKraft AS, Wave Dragon, Aquanet Power

Global Wave Energy Converter Market Segmentation:

By Type: Based on the Type, Global Wave Energy Converter Market is segmented as; Absorber, Attenuator Point, Terminator

By Application: Based on the Application, Global Wave Energy Converter Market is segmented as; Environment Protection, Power Generation, Seawater Desalination

By Region: The worldwide wave energy converter market can be divided into the following regions based on geography: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Table of Contents

234 Pages
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Wave Energy Converter Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Wave Energy Converter Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Wave Energy Converter Market
7. Global Wave Energy Converter Market, By Type, 2019-2032 (USD Million)
7.1 Absorber
7.2 Attenuator Point
7.3 Terminator
8. Global Wave Energy Converter Market, By Mode of Operation, 2019-2032 (USD Million)
8.1 Bulge Wave Devices
8.2 Oscillating Body Converter
8.3 Oscillating Water Column
8.4 Oscillating Wave Surge Converter
8.5 Overtopping Devices
8.6 Rotating Mass Devices
8.7 Submerged Pressure Differential
9. Global Wave Energy Converter Market, By Deployment Location, 2019-2032 (USD Million)
9.1 Nearshore Devices
9.2 Off-shore Devices
9.3 Shoreline Devices
10. Global Wave Energy Converter Market, By Take-Off System, 2019-2032 (USD Million)
10.1 Electrical Linear Generator
10.2 Hydraulics
10.3 Turbine Transfer
11. Global Wave Energy Converter Market, By Application, 2019-2032 (USD Million)
11.1 Environment Protection
11.2 Power Generation
11.3 Seawater Desalination
12. Global Commercial Washing Market, By Region, 2019-2032 (USD Million)
12.1 Global Wave Energy Converter Market Size and Market Share by Region (2019-2025)
12.2 Global Wave Energy Converter Market Size and Market Share by Region (2026-2032)
12.3 Asia-Pacific
12.3.1 Australia
12.3.2 China
12.3.3 India
12.3.4 Japan
12.3.5 South Korea
12.3.6 Rest of Asia-Pacific
12.4 Europe
12.4.1 France
12.4.2 Germany
12.4.3 Italy
12.4.4 Spain
12.4.5 United Kingdom
12.4.6 Rest of Europe
12.5 Middle East and Africa
12.5.1 Kingdom of Saudi Arabia
12.5.2 United Arab Emirates
12.5.3 Rest of Middle East & Africa
12.6 North America
12.6.1 Canada
12.6.2 Mexico
12.6.3 United States
12.7 Latin America
12.7.1 Argentina
12.7.2 Brazil
12.7.3 Rest of Latin America
13. Company Profiles
13.1 Ocean Power Technologies
13.1.1 Company details
13.1.2 Financial outlook
13.1.3 Product summary
13.1.4 Recent developments
13.2 Marine Power Systems
13.2.1 Company details
13.2.2 Financial outlook
13.2.3 Product summary
13.2.4 Recent developments
13.3 Eco Wave Power
13.3.1 Company details
13.3.2 Financial outlook
13.3.3 Product summary
13.3.4 Recent developments
13.4 SINN Power GmbH
13.4.1 Company details
13.4.2 Financial outlook
13.4.3 Product summary
13.4.4 Recent developments
13.5 NEMOS GmbH
13.5.1 Company details
13.5.2 Financial outlook
13.5.3 Product summary
13.5.4 Recent developments
13.6 INGINE Inc.
13.6.1 Company details
13.6.2 Financial outlook
13.6.3 Product summary
13.6.4 Recent developments
13.7 Carnegie Clean Energy
13.7.1 Company details
13.7.2 Financial outlook
13.7.3 Product summary
13.7.4 Recent developments
13.8 AWS Ocean Energy
13.8.1 Company details
13.8.2 Financial outlook
13.8.3 Product summary
13.8.4 Recent developments
13.9 HavKraft AS
13.9.1 Company details
13.9.2 Financial outlook
13.9.3 Product summary
13.9.4 Recent developments
13.10 Wave Dragon
13.10.1 Company details
13.10.2 Financial outlook
13.10.3 Product summary
13.10.4 Recent developments
13.11 Aquanet Power
13.11.1 Company details
13.11.2 Financial outlook
13.11.3 Product summary
13.11.4 Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us