The global demand for Wave Energy Converter Market is presumed to reach the market size of nearly USD 53.76 MN by 2030 from USD 30.71 MN in 2022 with a CAGR of 6.42% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Kw in 2022 and forecast to touch XX Kw by 2030 with a CAGR of XX% during 2023 - 2030.
Wave energy converters are devices that convert the kinetic energy of ocean waves into electricity. It is one of the most promising sources of renewable energy available today. They can be categorised in two types: those with a buoy and those without a buoy. Buoyed WECs are anchored to the seabed and submerged, while wave-powered WECs have no anchoring mechanism and rely on their buoyancy to stay afloat.
The market drivers for wave energy conversion market are the increasing demand for clean and sustainable sources of power, and decreasing costs. The market for wave energy converters is on the growth spree due to increasing population, improving technology, and favorable government policies.The advantages of wave power include a continuous supply of clean renewable electricity, reduced dependence on fossil fuels, no need for expensive large scale infrastructure, and possibility to produce electricity even with no access to grid power are other reasons assisting in the growth of this market
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of wave energy converter. The growth and trends of Wave Energy Converter Industry provide a holistic approach to this study.
This section of the wave energy converter market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Technology
By Application
By Location
This section covers the regional outlook, which accentuates current and future demand for the Wave Energy Converter market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the wave energy converter market include Ocean Power Technologies (US), Eco Wave Power (Israel), CorPower Ocean (Sweden), Wello Oy (Finland) and CalWave (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . WAVE ENERGY CONVERTER – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Technology
3.7.2 Market Attractiveness Analysis By Application
3.7.3 Market Attractiveness Analysis By Location
3.7.4 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
6 . GLOBAL WAVE ENERGY CONVERTER MARKET ANALYSIS BY TECHNOLOGY
6.1 Overview by Technology
6.2 Historical and Forecast Data
6.3 Analysis by Technology
6.4 Oscillating Body Converters Historic and Forecast Sales by Regions
6.5 Oscillating Water Columns Historic and Forecast Sales by Regions
6.6 Overtopping Devices Historic and Forecast Sales by Regions
6.7 Rotating Mass Converters Historic and Forecast Sales by Regions
7 . GLOBAL WAVE ENERGY CONVERTER MARKET ANALYSIS BY APPLICATION
7.1 Overview by Application
7.2 Historical and Forecast Data
7.3 Analysis by Application
7.4 Power generation Historic and Forecast Sales by Regions