Global Powered Data Buoy Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Powered Data Buoy Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

A powered data buoy is an autonomous device equipped with sensors and communication systems that collects and transmits real-time data from the ocean or other bodies of water.

Market Overview:

The latest research study on the global Powered Data Buoy market finds that the global Powered Data Buoy market reached a value of USD 154.83 million in 2023. It’s expected that the market will achieve USD 181.89 million by 2029, exhibiting a CAGR of 2.72% during the forecast period.

Drivers

1.The deterioration of global climate conditions has prompted more environmental monitoring and climate research
2.Deepwater oil and gas exploration activities increased

Challenges

1. Environmental challenges pose significant hurdles for powered data buoys, especially when deployed in unforgiving marine environments.
2.Energy efficiency is a critical concern in the design and operation of powered data buoys, particularly for those reliant on renewable energy sources like solar panels or wind turbines.

Emerging Market Trend

1.Driven by the energy situation in Latin America, the power data buoy industry is expected to continue to expand in emerging markets
2.The growth momentum of marine clean energy in emerging markets is strong, which contributes to the growth of power data buoy industry

Region Overview:

Latin America had the highest growth rate of all regions in 2022.

In 2022, the share of the Powered Data Buoy market in United States stood at 37%.

Company Overview:

AXYS Technologies Inc. is one of the major players operating in the Powered Data Buoy market, holding a share of 7.57% in 2023.

AXYS Technologies Inc., MetOcean telematics, JFC Manufacturing Co Ltd, Fendercare Marine and OSIL are the five key players in the global Powered Data Buoy market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Powered Data Buoy market in the past 5 years.

Segmentation Overview:

The Solar Powered segment by type showed a value growth of 1.54% in 2022.

Among different product types, Solar Powered segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Research Institution segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Powered Data Buoy market covered in Chapter 3:

Aanderaa
OBSERVATOR
AXYS Technologies Inc.
Mobilis SAS
Fendercare Marine
OSIL
Planet Ocean Ltd
Develogic GmbH
NexSens Technology, Inc
MetOcean telematics
IMBROS
JFC Manufacturing Co Ltd

In Chapter 4 and Chapter 14.2, on the basis of types, the Powered Data Buoy market from 2019 to 2030 is primarily split into:

Solar Powered
Battery Powered

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Powered Data Buoy market from 2019 to 2030 covers:

Military
Oil and Gas Companies
Research Institution
Government Agencies
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)