Summary

The wave energy converter market is expected to grow from an estimated in USD 20 million in 2022 to USD 28 million by 2030, at a CAGR of 4.3% during the forecast period. The primary drivers of the market include rising demand for energy production through renewable sources accompanies by the increasing investments in the renewables sector. “The power generation segment, by application, is expected to be the largest and the fastest-growing market from 2022 to 2030” The wave energy converter market, by application, is bifurcated into power generation, desalination and environmental protection. The power generation segment is expected to dominate in terms of market share and CAGR during the forecast period and this dominance can be attributed to the rising demand from various end use industries due to rapid industrialization. “The offshore segment, by location, is expected to be the fastest-growing market from 2022 to 2030” The wave energy converter market by location is segmented into shoreline, nearshore and offshore. The offshore segment is expected to be the fastest growing segment, followed by the nearshore segment. The high growth rate can be attributed to the increasing number of installations for the purpose of R&D across various countries. Breakdown of Primaries: In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows: By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11% By Designation: C-Level- 30%, Director Level- 25%, and Others- 45% By Region: Asia Pacific- 33%, Rest of The World – 20%, Europe – 20%, and North America – 27% Note: Others includes sales managers, marketing managers, product managers, and product engineers. The tier of the companies is defined based on their total revenue as of 2017. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3:

ページTOPに戻る

Table of Contents

1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION 28
1.3 INCLUSIONS AND EXCLUSIONS 29
1.3.1 WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY 29
1.3.2 WAVE ENERGY CONVERTER MARKET, BY APPLICATION 29
1.3.3 WAVE ENERGY CONVERTER MARKET, BY LOCATION 29
1.4 MARKET SCOPE 30
1.4.1 WAVE ENERGY CONVERTER MARKET SEGMENTATION 30
1.4.2 REGIONAL SCOPE 30
1.4.3 YEARS CONSIDERED 31
1.5 CURRENCY 31
1.6 LIMITATIONS 31
1.7 STAKEHOLDERS 32
1.8 SUMMARY OF CHANGES 32
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 1 WAVE ENERGY CONVERTER MARKET: RESEARCH DESIGN 34
2.2 DATA TRIANGULATION 35
FIGURE 2 DATA TRIANGULATION 35
2.2.1 SECONDARY DATA 35
2.2.1.1 Key data from secondary sources 36
2.2.2 PRIMARY DATA 36
2.2.2.1 Key data from primary sources 36
FIGURE 3 KEY INDUSTRY INSIGHTS 36
2.2.2.2 Breakdown of primaries 37
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 37
2.3 MARKET SIZE ESTIMATION 37
2.3.1 BOTTOM-UP APPROACH 38
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 38
2.3.2 TOP-DOWN APPROACH 38
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 39
2.3.3 DEMAND-SIDE ANALYSIS 39
FIGURE 7 DEMAND-SIDE CALCULATION 39
FIGURE 8 METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR WAVE ENERGY CONVERTERS 40
2.3.3.1 Assumptions for demand-side analysis 41
2.3.4 FORECAST 41
3 EXECUTIVE SUMMARY 42
TABLE 1 WAVE ENERGY CONVERTER MARKET SNAPSHOT 42
FIGURE 9 OSCILLATING BODY CONVERTERS TO DOMINATE WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, DURING FORECAST PERIOD 43
FIGURE 10 OFFSHORE SEGMENT TO DOMINATE WAVE ENERGY CONVERTER MARKET, BY LOCATION, DURING FORECAST PERIOD 43
FIGURE 11 POWER GENERATION TO HOLD LARGEST SIZE OF WAVE ENERGY CONVERTER MARKET, BY APPLICATION, DURING FORECAST PERIOD 44
FIGURE 12 EUROPE DOMINATED WAVE ENERGY CONVERTER MARKET IN 2021 44
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE OPPORTUNITIES FOR WAVE ENERGY CONVERTER MARKET PLAYERS 46
FIGURE 13 INCREASING NEED FOR RENEWABLE POWER GENERATION TO DRIVE WAVE ENERGY CONVERTER MARKET, 2022–2030 46
4.2 WAVE ENERGY CONVERTER MARKET, BY REGION 47
FIGURE 14 EUROPE TO WITNESS HIGHEST GROWTH RATE IN WAVE ENERGY CONVERTER MARKET DURING FORECAST PERIOD 47
4.3 WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY 47
FIGURE 15 OSCILLATING BODY CONVERTERS SEGMENT DOMINATED WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, IN 2021 47
4.4 WAVE ENERGY CONVERTER MARKET, BY LOCATION 48
FIGURE 16 OFFSHORE SEGMENT DOMINATED WAVE ENERGY CONVERTER MARKET, BY LOCATION, IN 2021 48
4.5 WAVE ENERGY CONVERTER MARKET, BY APPLICATION 48
FIGURE 17 POWER GENERATION SEGMENT DOMINATED WAVE ENERGY CONVERTER MARKET, BY APPLICATION, IN 2021 48
4.6 WAVE ENERGY CONVERTER MARKET IN EUROPE, BY APPLICATION & COUNTRY 49
FIGURE 18 POWER GENERATION & UK DOMINATED EUROPEAN WAVE ENERGY CONVERTER MARKET, BY APPLICATION & COUNTRY, IN 2021 49
5 MARKET OVERVIEW 50
5.1 INTRODUCTION 50
5.2 MARKET DYNAMICS 51
FIGURE 19 WAVE ENERGY CONVERTER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 51
5.2.1 DRIVERS 51
5.2.1.1 Rising electricity demand from coastal communities 51
5.2.1.2 Abundant untapped wave energy sources 52
FIGURE 20 WAVE ENERGY POTENTIAL IN EUROPEAN COUNTRIES 52
FIGURE 21 WAVE ENERGY RESOURCES (KW/M) 52
5.2.2 RESTRAINTS 53
5.2.2.1 Insufficient infrastructure and environmental challenges 53
5.2.3 OPPORTUNITIES 53
5.2.3.1 Increasing R&D investments and technological development 53
5.2.4 CHALLENGES 54
5.2.4.1 High capital investment 54
FIGURE 22 COST BREAKDOWN OF WAVE ENERGY CONVERTERS 54
5.2.4.2 Uncertainty about environmental regulations and licensing procedures 55
5.2.4.3 Hesitation among wave energy converter developers to collaborate for technology/ information sharing 55
5.2.4.4 Lack of connectivity to central grid 55
5.3 IMPACT OF COVID-19 55
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 56
FIGURE 23 REVENUE SHIFT FOR WAVE ENERGY CONVERTER PROVIDERS 56
5.5 SUPPLY CHAIN ANALYSIS 56
FIGURE 24 WAVE ENERGY CONVERTER MARKET: SUPPLY CHAIN ANALYSIS 57
5.5.1 COMPONENT MANUFACTURERS 57
5.5.2 WAVE ENERGY CONVERTER MANUFACTURERS 57
5.5.3 WAVE ENERGY CONVERTER SUPPORT SERVICE PROVIDERS/ INTEGRATORS 57
5.5.4 END-USERS 57
5.6 ECOSYSTEM/MARKET MAP 58
TABLE 2 WAVE ENERGY CONVERTER MARKET: ECOSYSTEM 58
5.7 TECHNOLOGY ANALYSIS 58
5.7.1 MOONWEC TECHNOLOGY 58
5.7.2 WAVE–TO–GRID 59
5.7.3 POWER TAKE-OFF (PTO) SYSTEMS 59
FIGURE 25 ACTIVE COMPANIES WITH DIFFERENT TYPES OF PTO SYSTEMS 59
5.8 TRADE ANALYSIS 60
5.8.1 EXPORT SCENARIO 60
TABLE 3 EXPORT SCENARIO FOR HS CODE 840110, BY COUNTRY, 2019–2021 (USD) 60
FIGURE 26 EXPORT DATA FOR TOP 5 COUNTRIES, 2019–2021 (USD THOUSAND) 60
5.8.2 IMPORT SCENARIO 61
TABLE 4 IMPORT SCENARIO FOR HS CODE: 280410, BY COUNTRY, 2019–2021 (USD) 61
FIGURE 27 IMPORT DATA FOR TOP 5 COUNTRIES, 2019–2021 (USD THOUSAND) 61
5.9 PATENT ANALYSIS 62
TABLE 5 WAVE ENERGY CONVERTERS: INNOVATIONS AND PATENT REGISTRATIONS, JUNE 2020–AUGUST 2022 62
5.10 PRICING ANALYSIS 63
5.10.1 AVERAGE SELLING PRICE OF KEY PLAYERS, BY APPLICATION 63
5.10.2 AVERAGE SELLING PRICE TREND 63
TABLE 6 CAPEX OF WAVE ENERGY CONVERTER PROJECTS, BY DEPLOYMENT STAGE 63
FIGURE 28 CAPEX BREAKDOWN OF COSTS FOR DIFFERENT COST CENTERS 63
TABLE 7 OPEX OF WAVE ENERGY CONVERTER PROJECTS, BY DEPLOYMENT STAGE 63
5.11 TARIFFS, CODES, AND REGULATIONS 64
TABLE 8 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 64
5.12 PORTER'S FIVE FORCES ANALYSIS 64
FIGURE 29 PORTER'S FIVE FORCES ANALYSIS FOR WAVE ENERGY CONVERTER MARKET 65
TABLE 9 WAVE ENERGY CONVERTER MARKET: PORTER'S FIVE FORCES ANALYSIS 65
5.13 CASE STUDY ANALYSIS 66
5.13.1 INWAVE WELL SUITED FOR LOCAL COMMUNITIES TO ACCESS RENEWABLE AND CLEAN ENERGY (2021) 66
5.13.1.1 Problem statement 66
5.13.1.2 Solution 67
5.13.2 MOORPOWER SCALED DEMONSTRATION PROJECT WILL PROVIDE CLEAN ENERGY (2021) 67
5.13.2.1 Problem statement 67
5.13.2.2 Solution 67
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 67
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 67
FIGURE 30 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY APPLICATION 67
TABLE 10 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS (%) 68
5.14.2 BUYING CRITERIA 68
FIGURE 31 KEY BUYING CRITERIA OF TOP APPLICATIONS 68
TABLE 11 KEY BUYING CRITERIA, BY APPLICATION 68
5.15 KEY CONFERENCES AND EVENTS, 2022 & 2023 69
TABLE 12 WAVE ENERGY CONVERTERS: DETAILED LIST OF CONFERENCES AND EVENTS 69
6 WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY 71
6.1 INTRODUCTION 72
FIGURE 32 WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2021 72
TABLE 13 WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2016–2019 (USD THOUSAND) 72
TABLE 14 WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2020–2030 (USD THOUSAND) 73
6.2 OSCILLATING WATER COLUMNS 73
6.2.1 GRID-SCALE GENERATION CAPABILITY 73
TABLE 15 OSCILLATING WATER COLUMNS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND) 73
TABLE 16 OSCILLATING WATER COLUMNS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND) 74
6.3 OSCILLATING BODY CONVERTERS 74
6.3.1 EASE OF INSTALLATION AND HIGH EFFICIENCY 74
TABLE 17 OSCILLATING BODY CONVERTERS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND) 74
TABLE 18 OSCILLATING BODY CONVERTERS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND) 75
FIGURE 33 WAVE ENERGY CONVERTER MARKET, BY OSCILLATING BODY CONVERTER TECHNOLOGY, 2021 75
TABLE 19 OSCILLATING BODY CONVERTERS: WAVE ENERGY CONVERTER MARKET, BY SUBTYPE, 2016–2019 (USD THOUSAND) 75
TABLE 20 OSCILLATING BODY CONVERTERS: WAVE ENERGY CONVERTER MARKET, BY SUBTYPE, 2020–2030 (USD THOUSAND) 76
6.3.2 POINT ABSORBERS 76
TABLE 21 POINT ABSORBERS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND) 76
TABLE 22 POINT ABSORBERS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND) 77
6.3.3 ATTENUATORS 77
TABLE 23 ATTENUATORS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND) 77
TABLE 24 ATTENUATORS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND) 78
6.3.4 OSCILLATING WAVE SURGE CONVERTERS 78
TABLE 25 OSCILLATING WAVE SURGE CONVERTERS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND) 78
TABLE 26 OSCILLATING WAVE SURGE CONVERTERS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND) 79
6.3.5 SUBMERGED PRESSURE DIFFERENTIAL DEVICES 79
TABLE 27 SUBMERGED PRESSURE DIFFERENTIAL DEVICES: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND) 79
TABLE 28 SUBMERGED PRESSURE DIFFERENTIAL DEVICES: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND) 80
6.3.6 BULGE WAVE DEVICES 80
TABLE 29 BULGE WAVE DEVICES: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND) 80
TABLE 30 BULGE WAVE DEVICES: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND) 81
6.4 OVERTOPPING DEVICES 81
6.4.1 SIMPLE CONSTRUCTION AND EASE OF OPERATION 81
TABLE 31 OVERTOPPING DEVICES: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND) 81
TABLE 32 OVERTOPPING DEVICES: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND) 82
6.5 ROTATING MASS CONVERTERS 82
6.5.1 ECCENTRIC MASS ROTATING TECHNOLOGY AND EASE OF OPERATION 82
TABLE 33 ROTATING MASS CONVERTERS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND) 82
TABLE 34 ROTATING MASS CONVERTERS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND) 83
7 WAVE ENERGY CONVERTER MARKET, BY LOCATION 84
7.1 INTRODUCTION 85
FIGURE 34 WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2021 85
TABLE 35 WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2016–2019 (USD THOUSAND) 85
TABLE 36 WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2020–2030 (USD THOUSAND) 85
7.2 SHORELINE 86
7.2.1 ECONOMIC INSTALLATION AND INCREASING POWER DEMAND FROM COASTAL POPULATION 86
TABLE 37 SHORELINE: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND) 86
TABLE 38 SHORELINE: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND) 86
7.3 NEARSHORE 87
7.3.1 WEC INSTALLATIONS FOR KEY APPLICATIONS 87
TABLE 39 NEARSHORE: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND) 87
TABLE 40 NEARSHORE: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND) 87
7.4 OFFSHORE 88
7.4.1 ABILITY TO POWER OTHER OFFSHORE STRUCTURES 88
TABLE 41 OFFSHORE: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND) 88
TABLE 42 OFFSHORE: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND) 88
8 WAVE ENERGY CONVERTER MARKET, BY APPLICATION 89
8.1 INTRODUCTION 90
FIGURE 35 WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2021 90
TABLE 43 WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 90
TABLE 44 WAVE ENERGY CONVERTER MARKET: BY APPLICATION, 2020–2030 (USD THOUSAND) 90
8.2 POWER GENERATION 91
8.2.1 NEED TO REDUCE CARBON EMISSIONS GENERATED BY POWER GENERATION ACTIVITIES 91
TABLE 45 POWER GENERATION: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND) 91
TABLE 46 POWER GENERATION: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND) 91
8.3 DESALINATION 92
8.3.1 EASE OF DESALINATION OF SEAWATER BY WAVE ENERGY 92
TABLE 47 DESALINATION: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND) 92
TABLE 48 DESALINATION: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND) 92
8.4 ENVIRONMENTAL PROTECTION 93
8.4.1 NEED TO REDUCE COASTAL EROSION 93
TABLE 49 ENVIRONMENTAL PROTECTION: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND) 93
TABLE 50 ENVIRONMENTAL PROTECTION: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND) 93
9 WAVE ENERGY CONVERTER MARKET, BY REGION 94
9.1 INTRODUCTION 95
FIGURE 36 REGIONAL SNAPSHOT: MARKET IN EUROPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 95
FIGURE 37 EUROPE ACCOUNTED FOR LARGEST SHARE OF WAVE ENERGY CONVERTER MARKET IN 2021 95
TABLE 51 GLOBAL WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (KW) 96
TABLE 52 GLOBAL WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (KW) 96
TABLE 53 GLOBAL WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND) 96
TABLE 54 GLOBAL WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND) 96
9.2 NORTH AMERICA 97
FIGURE 38 NORTH AMERICA: SNAPSHOT OF WAVE ENERGY CONVERTER MARKET, 2021 97
FIGURE 39 NORTH AMERICA: WAVE ENERGY CONVERTER PROJECT LIST 98
TABLE 55 NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2016–2019 (USD THOUSAND) 99
TABLE 56 NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2020–2030 (USD THOUSAND) 99
TABLE 57 NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2016–2019 (USD THOUSAND) 99
TABLE 58 NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2020–2030 (USD THOUSAND) 100
TABLE 59 NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 100
TABLE 60 NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND) 100
TABLE 61 NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2016–2019 (KW) 100
TABLE 62 NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2020–2030 (KW) 101
TABLE 63 NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2016–2019 (USD THOUSAND) 101
TABLE 64 NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2020–2030 (USD THOUSAND) 101
9.2.1 US 101
9.2.1.1 Growing power demand from coastal areas 101
TABLE 65 US: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 102
TABLE 66 US: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND) 102
9.2.2 CANADA 102
9.2.2.1 Increasing R&D activities on wave energy 102
TABLE 67 CANADA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 103
TABLE 68 CANADA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND) 103
9.3 EUROPE 103
FIGURE 40 EUROPE: SNAPSHOT OF WAVE ENERGY CONVERTER MARKET, 2021 104
FIGURE 41 EUROPE: WAVE ENERGY CONVERTER PROJECT LIST 105
TABLE 69 EUROPE: WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2016–2019 (USD THOUSAND) 108
TABLE 70 EUROPE: WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2020–2030 (USD THOUSAND) 108
TABLE 71 EUROPE: WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2016–2019 (USD THOUSAND) 108
TABLE 72 EUROPE WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2020–2030 (USD THOUSAND) 109
TABLE 73 EUROPE: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 109
TABLE 74 EUROPE: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND) 109
TABLE 75 EUROPE: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2016–2019 (KW) 110
TABLE 76 EUROPE: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2020–2030 (KW) 110
TABLE 77 EUROPE: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2016–2019 (USD THOUSAND) 110
TABLE 78 EUROPE: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2020–2030 (USD THOUSAND) 111
9.3.1 UK 111
9.3.1.1 Strong focus on R&D and renewable energy 111
TABLE 79 UK: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 111
TABLE 80 UK: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND) 112
9.3.2 PORTUGAL 112
9.3.2.1 Development of new wave energy projects 112
TABLE 81 PORTUGAL: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 112
TABLE 82 PORTUGAL: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND) 112
9.3.3 FRANCE 113
9.3.3.1 Ambitious renewable energy targets 113
TABLE 83 FRANCE: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 113
TABLE 84 FRANCE: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND) 113
9.3.4 DENMARK 113
9.3.4.1 Augmented testing of emerging technologies in renewable energy sector 113
TABLE 85 DENMARK: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 114
TABLE 86 DENMARK: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND) 114
9.3.5 REST OF EUROPE 114
TABLE 87 REST OF EUROPE: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 115
TABLE 88 REST OF EUROPE: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND) 115
9.4 ASIA PACIFIC 115
FIGURE 42 ASIA PACIFIC: WAVE ENERGY CONVERTER PROJECT LIST 116
TABLE 89 ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2016–2019 (USD THOUSAND) 117
TABLE 90 ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2020–2030 (USD THOUSAND) 117
TABLE 91 ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2016–2019 (USD THOUSAND) 117
TABLE 92 ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2020–2030 (USD THOUSAND) 118
TABLE 93 ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 118
TABLE 94 ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND) 118
TABLE 95 ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2016–2019 (KW) 118
TABLE 96 ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2020–2030 (KW) 119
TABLE 97 ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2016–2019 (USD THOUSAND) 119
TABLE 98 ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2020–2030 (USD THOUSAND) 119
9.4.1 CHINA 120
9.4.1.1 Ambitious renewables target 120
TABLE 99 CHINA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 120
TABLE 100 CHINA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND) 120
9.4.2 AUSTRALIA 120
9.4.2.1 Growing R&D investments in desalination 120
TABLE 101 AUSTRALIA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 121
TABLE 102 AUSTRALIA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND) 121
9.4.3 SOUTH KOREA 121
9.4.3.1 Increasing R&D on renewable energy generation 121
TABLE 103 SOUTH KOREA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 122
TABLE 104 SOUTH KOREA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND) 122
9.4.4 REST OF ASIA PACIFIC 122
TABLE 105 REST OF ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 123
TABLE 106 REST OF ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND) 123
9.5 ROW 123
FIGURE 43 ROW: WAVE ENERGY CONVERTER PROJECT LIST 124
TABLE 107 ROW: WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2016–2019 (USD THOUSAND) 125
TABLE 108 ROW: WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2020–2030 (USD THOUSAND) 125
TABLE 109 ROW: WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2016–2019 (USD THOUSAND) 125
TABLE 110 ROW: WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2020–2030 (USD THOUSAND) 126
TABLE 111 ROW: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND) 126
TABLE 112 ROW: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND) 126
TABLE 113 ROW: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2016–2019 (KW) 126
TABLE 114 ROW: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2020–2030 (KW) 127
TABLE 115 ROW: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2016–2019 (USD THOUSAND) 127
TABLE 116 ROW: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2020–2030 (USD THOUSAND) 127
10 COMPETITIVE LANDSCAPE 128
10.1 OVERVIEW 128
FIGURE 44 KEY DEVELOPMENTS IN WAVE ENERGY CONVERTER MARKET, 2018 TO 2022 128
10.2 MARKET SHARE, 2021 129
FIGURE 45 INDUSTRY CONCENTRATION OF KEY PLAYERS, 2021 129
10.3 MARKET EVALUATION FRAMEWORK 129
TABLE 117 MARKET EVALUATION FRAMEWORK, 2018–2021 130
10.4 SEGMENTAL REVENUE ANALYSIS OF TOP MARKET PLAYERS 131
FIGURE 46 SEGMENTAL REVENUE ANALYSIS, 2018–2021 131
10.5 RECENT DEVELOPMENTS 132
10.5.1 DEALS 132
TABLE 118 WAVE ENERGY CONVERTER MARKET: DEALS, 2018–2022 132
10.5.2 OTHERS 133
TABLE 119 WAVE ENERGY CONVERTER MARKET: OTHERS, 2018–2022 133
10.6 COMPETITIVE LEADERSHIP MAPPING, 2021 134
10.6.1 STARS 134
10.6.2 EMERGING LEADERS 134
10.6.3 PERVASIVE PLAYERS 134
10.6.4 PARTICIPANTS 134
FIGURE 47 WAVE ENERGY CONVERTER MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021 135
TABLE 120 COMPANY TECHNOLOGY FOOTPRINT 136
TABLE 121 COMPANY LOCATION FOOTPRINT 137
TABLE 122 COMPANY APPLICATION FOOTPRINT 138
TABLE 123 COMPANY REGIONAL FOOTPRINT 139
10.7 START-UP/SME EVALUATION QUADRANT, 2021 140
10.7.1 PROGRESSIVE COMPANIES 140
10.7.2 RESPONSIVE COMPANIES 140
10.7.3 DYNAMIC COMPANIES 140
10.7.4 STARTING BLOCKS 140
FIGURE 48 WAVE ENERGY CONVERTER MARKET: START-UP/SME EVALUATION QUADRANT, 2021 141
10.8 COMPETITIVE BENCHMARKING 142
TABLE 124 WAVE ENERGY CONVERTER MARKET: DETAILED LIST OF KEY STARTUPS/SMES 142
TABLE 125 COMPANY TECHNOLOGY FOOTPRINT (SME) 143
TABLE 126 COMPANY LOCATION FOOTPRINT (SME) 144
TABLE 127 COMPANY APPLICATION FOOTPRINT (SME) 145
TABLE 128 COMPANY REGIONAL FOOTPRINT (SME) 145
11 COMPANY PROFILES 146
11.1 KEY PLAYERS 146
(Business overview, Products/Services offered, Recent developments, MnM View, Right to win, Strategic choices made, and Weaknesses and competitive threats)*
11.1.1 OCEAN POWER TECHNOLOGIES 146
TABLE 129 OCEAN POWER TECHNOLOGIES: BUSINESS OVERVIEW 146
FIGURE 49 OCEAN POWER TECHNOLOGIES: COMPANY SNAPSHOT 147
TABLE 130 OCEAN POWER TECHNOLOGIES: PRODUCT DEVELOPMENT 148
TABLE 131 OCEAN POWER TECHNOLOGIES: DEALS 148
11.1.2 ECO WAVE POWER 150
TABLE 132 ECO WAVE POWER: BUSINESS OVERVIEW 150
FIGURE 50 ECO WAVE POWER: COMPANY SNAPSHOT 150
TABLE 133 ECO WAVE POWER: DEALS 151
TABLE 134 ECO WAVE POWER: OTHERS 152
11.1.3 CORPOWER OCEAN 153
TABLE 135 CORPOWER OCEAN: BUSINESS OVERVIEW 153
TABLE 136 CORPOWER OCEAN: PRODUCT DEVELOPMENT 154
TABLE 137 CORPOWER OCEAN: DEALS 154
TABLE 138 CORPOWER OCEAN: OTHERS 155
11.1.4 WELLO OY 156
TABLE 139 WELLO OY: BUSINESS OVERVIEW 156
TABLE 140 WELLO OY: DEALS 157
11.1.5 CALWAVE POWER TECHNOLOGIES 158
TABLE 141 CALWAVE: BUSINESS OVERVIEW 158
TABLE 142 CALWAVE POWER TECHNOLOGIES: DEALS 159
11.1.6 AW-ENERGY OY 160
TABLE 143 AW-ENERGY OY: BUSINESS OVERVIEW 160
TABLE 144 AW-ENERGY OY: DEALS 161
TABLE 145 AW-ENERGY: OTHERS 161
11.1.7 CARNEGIE CLEAN ENERGY 162
TABLE 146 CARNEGIE CLEAN ENERGY: BUSINESS OVERVIEW 162
FIGURE 51 CARNEGIE CLEAN ENERGY: COMPANY SNAPSHOT 162
TABLE 147 CARNEGIE CLEAN ENERGY: PRODUCT DEVELOPMENT 163
TABLE 148 CARNEGIE CLEAN ENERGY: DEALS 164
11.1.8 SINN POWER 165
TABLE 149 SINN POWER: BUSINESS OVERVIEW 165
TABLE 150 SINN POWER: OTHERS 166
11.1.9 AMOG CONSULTING 167
TABLE 151 AMOG CONSULTING: BUSINESS OVERVIEW 167
TABLE 152 AMOG CONSULTING: DEALS 168
11.1.10 NEMOS GMBH 169
TABLE 153 NEMOS GMBH: BUSINESS OVERVIEW 169
11.1.11 OCEANENERGY 170
TABLE 154 OCEANENERGY: BUSINESS OVERVIEW 170
TABLE 155 OCEANENERGY: DEALS 171
11.1.12 WAVE SWELL 172
TABLE 156 WAVE SWELL: BUSINESS OVERVIEW 172
11.1.13 INGINE INC. 173
TABLE 157 INGINE INC.: BUSINESS OVERVIEW 173
TABLE 158 INGINE INC.: DEALS 174
11.1.14 AWS OCEAN ENERGY 175
TABLE 159 AWS OCEAN ENERGY: BUSINESS OVERVIEW 175
11.1.15 LIMERICK WAVE 176
TABLE 160 LIMERICK WAVE: BUSINESS OVERVIEW 176
11.1.16 ARRECIFE ENERGY SYSTEMS 177
TABLE 161 ARRECIFE ENERGY SYSTEMS: BUSINESS OVERVIEW 177
11.1.17 HANN-OCEAN ENERGY 178
TABLE 162 HANN-OCEAN ENERGY: BUSINESS OVERVIEW 178
11.1.18 ACCUMULATED OCEAN ENERGY 179
TABLE 163 ACCUMULATED OCEAN ENERGY: BUSINESS OVERVIEW 179
11.1.19 AQUANET POWER 180
TABLE 164 AQUANET POWER: BUSINESS OVERVIEW 180
11.1.20 RESOLUTE ENERGY 181
TABLE 165 RESOLUTE ENERGY: BUSINESS OVERVIEW 181
TABLE 166 RESOLUTE ENERGY: DEALS 182
11.1.21 BOMBORA WAVE POWER 183
TABLE 167 BOMBORA WAVE POWER: BUSINESS OVERVIEW 183
TABLE 168 BOMBORA WAVE POWER: DEALS 184
11.1.22 MARINE POWER SYSTEMS 185
TABLE 169 MARINE POWER SYSTEMS: BUSINESS OVERVIEW 185
TABLE 170 MARINE POWER SYSTEMS: DEALS 186
11.1.23 APPLIED TECHNOLOGIES COMPANY 187
TABLE 171 APPLIED TECHNOLOGIES COMPANY: BUSINESS OVERVIEW 187
11.1.24 WEPTOS A/S 188
TABLE 172 WEPTOS A/S: BUSINESS OVERVIEW 188
11.1.25 OSCILLA POWER 189
TABLE 173 OSCILLA POWER: BUSINESS OVERVIEW 189
TABLE 174 OSCILLA POWER: DEALS 190
11.2 OTHER PLAYERS 191
11.2.1 ABLE TECHNOLOGIES, L.L.C. 191
11.2.2 LEANCON WAVE ENERGY 191
11.2.3 SENER GROUP 192
11.2.4 EXOWAVE 192
11.2.5 WITT ENERGY 193
11.2.6 WAVE DRAGON APS 193
11.2.7 CHECKMATE SEAENERGY LTD 194
11.2.8 ONEKA TECHNOLOGIES 194
11.2.9 MOCEAN ENERGY 195
*Details on Business overview, Products/Services offered, Recent developments, MnM View, Right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
12 APPENDIX 196
12.1 INSIGHTS OF INDUSTRY EXPERTS 196
12.2 DISCUSSION GUIDE 197
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 203
12.4 CUSTOMIZATION OPTIONS 205
12.5 RELATED REPORTS 205
12.6 AUTHOR DETAILS 206