Marine energy or marine power (also sometimes referred to as ocean energy, ocean power, or marine and hydrokinetic energy) refers to the energy carried by ocean waves, tides, salinity, and ocean temperature differences. The movement of water in the world’s oceans creates a vast store of kinetic energy, or energy in motion. This energy can be harnessed to generate electricity to power homes, transport and industries.
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The year 2015 represented a significant milestone for the sector from a policy standpoint, with the publication of the Blue Energy Communication, the establishment of the Ocean Energy Forum and the European Technology and Innovation Platform for Ocean Energy (TIP). The announcement of the awards for the second NER 300 call has seen the number of ocean energy arrays expected to be deployed in European waters by 2018 or earlier rising to five. On the other hand, forecasts of expected ocean energy capacity by 2020 have been further reduced, due to the slow technological progress of the sector and difficulties in attracting funds and financing. The slow growth of the sector and delays in the formation of the market have forced key developers and OEMs to either downsize or withdraw their interest in developing ocean energy technology.
Leading Marine Power (Wave and Tidal) Market Players
Marine Current Turbines (MCT)
AWS Ocean Energy
Ocean Power Technologies
Carnegie Wave Energy
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This study considers the Marine Power (Wave and Tidal) value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Manual Marine Power (Wave and Tidal)s
Electric Marine Power (Wave and Tidal)s
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Marinas & Shipyards
Mining & Excavating Operation
Global Marine Power (Wave and Tidal) Market – Regional and Geographical Segment
Middle East & Africa
– To study and analyze the global Marine Power (Wave and Tidal) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
– To understand the structure of Marine Power (Wave and Tidal) market by identifying its various subsegments.
– Focuses on the key global Marine Power (Wave and Tidal) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
– To analyze the Marine Power (Wave and Tidal) with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
– To project the consumption of Marine Power (Wave and Tidal) submarkets, with respect to key regions (along with their respective key countries).
– To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
– To strategically profile the key players and comprehensively analyze their growth strategies.
Reason to Buy
- This report provides in depth analysis for changing competitive dynamics and keeps you ahead of competitors
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a ten-year forecast assessed on the basis of how the market is expected to grow
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of various market segments
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