Global Ocean Wave Energy Converter Market Growth 2025-2031

The global Ocean Wave Energy Converter market size is predicted to grow from US$ 20.7 million in 2025 to US$ 25.2 million in 2031; it is expected to grow at a CAGR of 3.3% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Ocean Wave Energy Converter Industry Forecast” looks at past sales and reviews total world Ocean Wave Energy Converter sales in 2024, providing a comprehensive analysis by region and market sector of projected Ocean Wave Energy Converter sales for 2025 through 2031. With Ocean Wave Energy Converter 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 Converter industry.

This Insight Report provides a comprehensive analysis of the global Ocean Wave Energy Converter landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ocean Wave Energy Converter 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 Converter market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ocean Wave Energy Converter 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 Converter.

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

Segmentation by Type:
Oscillating Body Converter
Oscillating Water Column
Overtopping Device
Rotating Mass Converter

Segmentation by Application:
Power Generation
Desalination
Environmental Potection

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 analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Ocean Wave Energy Converter market?

What factors are driving Ocean Wave Energy Converter market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Ocean Wave Energy Converter market opportunities vary by end market size?

How does Ocean Wave Energy Converter break out by Type, by Application?

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