Global Ocean Wave Energy Converter Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Ocean Wave Energy Converter market size was valued at US$ 21.2 million in 2024 and is forecast to a readjusted size of USD 26.2 million by 2031 with a CAGR of 3.1% during review period.

Wave energy converters (WECs) are devices that convert the kinetic and potential energy associated with a moving ocean wave into useful mechanical or electrical energy.

The development, deployment, and maintenance of ocean wave energy converter projects can create jobs and stimulate local economies, particularly in regions with strong wave resources.

This report is a detailed and comprehensive analysis for global Ocean Wave Energy Converter market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Ocean Wave Energy Converter market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031

Global Ocean Wave Energy Converter market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031

Global Ocean Wave Energy Converter market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031

Global Ocean Wave Energy Converter market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Ocean Wave Energy Converter

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Ocean Wave Energy Converter market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Ocean Power Technologies, Eco Wave Power, Carnegie Clean Energy, SINN Power, AMOG Holdings, NEMOS, OceanEnergy, Wave Swell, INGINE, AWS Ocean energy, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Ocean Wave Energy Converter market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Oscillating Body Converter
Oscillating Water Column
Overtopping Device
Rotating Mass Converter

Market segment by Application
Power Generation
Desalination
Environmental Potection

Major players covered
Ocean Power Technologies
Eco Wave Power
Carnegie Clean Energy
SINN Power
AMOG Holdings
NEMOS
OceanEnergy
Wave Swell
INGINE
AWS Ocean energy
CorPower Ocean
Limerick wave
Arrecife Energy Systems
AOE
Hann-Ocean Energy
Aquanet Power
Able Technologies
AW-Energy Oy
Applied Technologies
LEANCON Wave Energy
SENER group
Resolute Marine
Bombora Wave
Marine Power Systems
Exowave
Oneka Technologies
Mocean Energy
Weptos A/S
Oscilla Power
Wello Oy

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Ocean Wave Energy Converter product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Ocean Wave Energy Converter, with price, sales quantity, revenue, and global market share of Ocean Wave Energy Converter from 2020 to 2025.

Chapter 3, the Ocean Wave Energy Converter competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Ocean Wave Energy Converter breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Ocean Wave Energy Converter market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Ocean Wave Energy Converter.

Chapter 14 and 15, to describe Ocean Wave Energy Converter sales channel, distributors, customers, research findings and conclusion.