Global Wave Power Generation Equipment Market Growth 2023-2029

Global Wave Power Generation Equipment Market Growth 2023-2029

Wave energy (or wave power) is the transport and capture of energy by ocean surface waves. The energy captured is then used for all different kinds of useful work, including electricity generation, water desalination, and pumping of water. Wave energy is also a type of renewable energy and is the largest estimated global resource form of ocean energy. The amount of power available in the movement of ocean waves has inspired many engineers to develop machines and devices to capture and use this free oceanic power. In certain parts of the world’s oceans the amount of wave energy is vast, so the development of wave energy devices to exploit the the inherent oscillatory nature of ocean waves for electrical energy generation. Waves have the potential to provide a completely sustainable source of energy, which can be captured and converted into electricity by wave power generation machines. These machines have been developed to extract energy from shoreline out to the deeper waters offshore including: attenuator, point absorber, oscillating wave surge converter, oscillating water column, overtopping/terminator device, submerged pressure differential, bulge wave etc.

LPI (LP Information)' newest research report, the “Wave Power Generation Equipment Industry Forecast” looks at past sales and reviews total world Wave Power Generation Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Wave Power Generation Equipment sales for 2023 through 2029. With Wave Power Generation Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wave Power Generation Equipment industry.

This Insight Report provides a comprehensive analysis of the global Wave Power Generation Equipment 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 Wave Power Generation Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Wave Power Generation Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wave Power Generation Equipment 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 Wave Power Generation Equipment.

The global Wave Power Generation Equipment market size is projected to grow from US$ 26 million in 2022 to US$ 105.2 million in 2029; it is expected to grow at a CAGR of 105.2 from 2023 to 2029.

Global key players of Wave Power Generation Equipment include C-Power, AW-Energy and Hann-Ocean, etc. Global top three manufacturers hold a share over 30%. Europe is the largest producer of Wave Power Generation Equipment, with a share over 40%, followed by North America and Australia.

This report presents a comprehensive overview, market shares, and growth opportunities of Wave Power Generation Equipment market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Attenuators
Point Absorbers
Oscillating Wave Surge Converters
Oscillating Water Columns
Others

Segmentation by application
Utility Grid
Industrial
Science and Research
Oil and Gas
Defense and Security
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.
C-Power
AW-Energy
Hann-Ocean
AWS Ocean Energy
Bombora Wave Power
Wello
Oscilla Power
Mocean Energy
Wave Swell Energy
SINN Power
Ocean Power Technologies (OPT)
CorPower Ocean

Key Questions Addressed in this Report

What is the 10-year outlook for the global Wave Power Generation Equipment market?

What factors are driving Wave Power Generation Equipment market growth, globally and by region?

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

How do Wave Power Generation Equipment market opportunities vary by end market size?

How does Wave Power Generation Equipment break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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