Wave Energy Converter Market by Technology (Oscillating Water Column, Oscillating Body Converter (Point Absorber, Attenuator, Oscillating Wave Surge, Submerged Pressure Differential), Overtopping Device), Location, Application, Region - Forecast to 2030

Abstract
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: The wave energy converter market is dominated by a few major players that have a wide regional presence. The leading players in the wave energy converter market Ocean Power Technologies (US), Eco Wave Power (Israel), CorPower Ocean (Sweden), Wello Oy (Finland), CalWave (US) and others.

Study Coverage:
The report defines, describes, and forecasts the wave energy converter market, by reactor type, connectivity, deployment, location, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the wave energy converter market.

Key Benefits of Buying the Report
1.The report identifies and addresses the key markets for wave energy converter operations and services, which would help equipment manufacturers and service providers review the growth in demand.
2.The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3.The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

Content
Table of Contents

1INTRODUCTION28
1.1STUDY OBJECTIVES28
1.2MARKET DEFINITION28
1.3INCLUSIONS AND EXCLUSIONS29
1.3.1WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY29
1.3.2WAVE ENERGY CONVERTER MARKET, BY APPLICATION29
1.3.3WAVE ENERGY CONVERTER MARKET, BY LOCATION29
1.4MARKET SCOPE30
1.4.1WAVE ENERGY CONVERTER MARKET SEGMENTATION30
1.4.2REGIONAL SCOPE30
1.4.3YEARS CONSIDERED31
1.5CURRENCY31
1.6LIMITATIONS31
1.7STAKEHOLDERS32
1.8SUMMARY OF CHANGES32
2RESEARCH METHODOLOGY34
2.1RESEARCH DATA34
FIGURE 1WAVE ENERGY CONVERTER MARKET: RESEARCH DESIGN34
2.2DATA TRIANGULATION35
FIGURE 2DATA TRIANGULATION35
2.2.1SECONDARY DATA35
2.2.1.1Key data from secondary sources36
2.2.2PRIMARY DATA36
2.2.2.1Key data from primary sources36
FIGURE 3KEY INDUSTRY INSIGHTS36
2.2.2.2Breakdown of primaries37
FIGURE 4BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION37
2.3MARKET SIZE ESTIMATION37
2.3.1BOTTOM-UP APPROACH38
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH38
2.3.2TOP-DOWN APPROACH38
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH39
2.3.3DEMAND-SIDE ANALYSIS39
FIGURE 7DEMAND-SIDE CALCULATION39
FIGURE 8METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR WAVE ENERGY CONVERTERS40
2.3.3.1Assumptions for demand-side analysis41
2.3.4FORECAST41
3EXECUTIVE SUMMARY42
TABLE 1WAVE ENERGY CONVERTER MARKET SNAPSHOT42
FIGURE 9OSCILLATING BODY CONVERTERS TO DOMINATE WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, DURING FORECAST PERIOD43
FIGURE 10OFFSHORE SEGMENT TO DOMINATE WAVE ENERGY CONVERTER MARKET, BY LOCATION, DURING FORECAST PERIOD43
FIGURE 11POWER GENERATION TO HOLD LARGEST SIZE OF WAVE ENERGY CONVERTER MARKET, BY APPLICATION, DURING FORECAST PERIOD44
FIGURE 12EUROPE DOMINATED WAVE ENERGY CONVERTER MARKET IN 202144
4PREMIUM INSIGHTS46
4.1ATTRACTIVE OPPORTUNITIES FOR WAVE ENERGY CONVERTER MARKET PLAYERS46
FIGURE 13INCREASING NEED FOR RENEWABLE POWER GENERATION TO DRIVE WAVE ENERGY CONVERTER MARKET, 2022–203046
4.2WAVE ENERGY CONVERTER MARKET, BY REGION47
FIGURE 14EUROPE TO WITNESS HIGHEST GROWTH RATE IN WAVE ENERGY CONVERTER MARKET DURING FORECAST PERIOD47
4.3WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY47
FIGURE 15OSCILLATING BODY CONVERTERS SEGMENT DOMINATED WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, IN 202147
4.4WAVE ENERGY CONVERTER MARKET, BY LOCATION48
FIGURE 16OFFSHORE SEGMENT DOMINATED WAVE ENERGY CONVERTER MARKET, BY LOCATION, IN 202148
4.5WAVE ENERGY CONVERTER MARKET, BY APPLICATION48
FIGURE 17POWER GENERATION SEGMENT DOMINATED WAVE ENERGY CONVERTER MARKET, BY APPLICATION, IN 202148
4.6WAVE ENERGY CONVERTER MARKET IN EUROPE, BY APPLICATION & COUNTRY49
FIGURE 18POWER GENERATION & UK DOMINATED EUROPEAN WAVE ENERGY CONVERTER MARKET, BY APPLICATION & COUNTRY, IN 202149
5MARKET OVERVIEW50
5.1INTRODUCTION50
5.2MARKET DYNAMICS51
FIGURE 19WAVE ENERGY CONVERTER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES51
5.2.1DRIVERS51
5.2.1.1Rising electricity demand from coastal communities51
5.2.1.2Abundant untapped wave energy sources52
FIGURE 20WAVE ENERGY POTENTIAL IN EUROPEAN COUNTRIES52
FIGURE 21WAVE ENERGY RESOURCES (KW/M)52
5.2.2RESTRAINTS53
5.2.2.1Insufficient infrastructure and environmental challenges53
5.2.3OPPORTUNITIES53
5.2.3.1Increasing R&D investments and technological development53
5.2.4CHALLENGES54
5.2.4.1High capital investment54
FIGURE 22COST BREAKDOWN OF WAVE ENERGY CONVERTERS54
5.2.4.2Uncertainty about environmental regulations and licensing procedures55
5.2.4.3Hesitation among wave energy converter developers to collaborate for technology/ information sharing55
5.2.4.4Lack of connectivity to central grid55
5.3IMPACT OF COVID-1955
5.4TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES56
FIGURE 23REVENUE SHIFT FOR WAVE ENERGY CONVERTER PROVIDERS56
5.5SUPPLY CHAIN ANALYSIS56
FIGURE 24WAVE ENERGY CONVERTER MARKET: SUPPLY CHAIN ANALYSIS57
5.5.1COMPONENT MANUFACTURERS57
5.5.2WAVE ENERGY CONVERTER MANUFACTURERS57
5.5.3WAVE ENERGY CONVERTER SUPPORT SERVICE PROVIDERS/ INTEGRATORS57
5.5.4END-USERS57
5.6ECOSYSTEM/MARKET MAP58
TABLE 2WAVE ENERGY CONVERTER MARKET: ECOSYSTEM58
5.7TECHNOLOGY ANALYSIS58
5.7.1MOONWEC TECHNOLOGY58
5.7.2WAVE–TO–GRID59
5.7.3POWER TAKE-OFF (PTO) SYSTEMS59
FIGURE 25ACTIVE COMPANIES WITH DIFFERENT TYPES OF PTO SYSTEMS59
5.8TRADE ANALYSIS60
5.8.1EXPORT SCENARIO60
TABLE 3EXPORT SCENARIO FOR HS CODE 840110, BY COUNTRY, 2019–2021 (USD)60
FIGURE 26EXPORT DATA FOR TOP 5 COUNTRIES, 2019–2021 (USD THOUSAND)60
5.8.2IMPORT SCENARIO61
TABLE 4IMPORT SCENARIO FOR HS CODE: 280410, BY COUNTRY, 2019–2021 (USD)61
FIGURE 27IMPORT DATA FOR TOP 5 COUNTRIES, 2019–2021 (USD THOUSAND)61
5.9PATENT ANALYSIS62
TABLE 5WAVE ENERGY CONVERTERS: INNOVATIONS AND PATENT REGISTRATIONS, JUNE 2020–AUGUST 202262
5.10PRICING ANALYSIS63
5.10.1AVERAGE SELLING PRICE OF KEY PLAYERS, BY APPLICATION63
5.10.2AVERAGE SELLING PRICE TREND63
TABLE 6CAPEX OF WAVE ENERGY CONVERTER PROJECTS, BY DEPLOYMENT STAGE63
FIGURE 28CAPEX BREAKDOWN OF COSTS FOR DIFFERENT COST CENTERS63
TABLE 7OPEX OF WAVE ENERGY CONVERTER PROJECTS, BY DEPLOYMENT STAGE63
5.11TARIFFS, CODES, AND REGULATIONS64
TABLE 8REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS64
5.12PORTER'S FIVE FORCES ANALYSIS64
FIGURE 29PORTER'S FIVE FORCES ANALYSIS FOR WAVE ENERGY CONVERTER MARKET65
TABLE 9WAVE ENERGY CONVERTER MARKET: PORTER'S FIVE FORCES ANALYSIS65
5.13CASE STUDY ANALYSIS66
5.13.1INWAVE WELL SUITED FOR LOCAL COMMUNITIES TO ACCESS RENEWABLE AND CLEAN ENERGY (2021)66
5.13.1.1Problem statement66
5.13.1.2Solution67
5.13.2MOORPOWER SCALED DEMONSTRATION PROJECT WILL PROVIDE CLEAN ENERGY (2021)67
5.13.2.1Problem statement67
5.13.2.2Solution67
5.14KEY STAKEHOLDERS AND BUYING CRITERIA67
5.14.1KEY STAKEHOLDERS IN BUYING PROCESS67
FIGURE 30INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY APPLICATION67
TABLE 10INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS (%)68
5.14.2BUYING CRITERIA68
FIGURE 31KEY BUYING CRITERIA OF TOP APPLICATIONS68
TABLE 11KEY BUYING CRITERIA, BY APPLICATION68
5.15KEY CONFERENCES AND EVENTS, 2022 & 202369
TABLE 12WAVE ENERGY CONVERTERS: DETAILED LIST OF CONFERENCES AND EVENTS69
6WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY71
6.1INTRODUCTION72
FIGURE 32WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 202172
TABLE 13WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2016–2019 (USD THOUSAND)72
TABLE 14WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2020–2030 (USD THOUSAND)73
6.2OSCILLATING WATER COLUMNS73
6.2.1GRID-SCALE GENERATION CAPABILITY73
TABLE 15OSCILLATING WATER COLUMNS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND)73
TABLE 16OSCILLATING WATER COLUMNS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND)74
6.3OSCILLATING BODY CONVERTERS74
6.3.1EASE OF INSTALLATION AND HIGH EFFICIENCY74
TABLE 17OSCILLATING BODY CONVERTERS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND)74
TABLE 18OSCILLATING BODY CONVERTERS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND)75
FIGURE 33WAVE ENERGY CONVERTER MARKET, BY OSCILLATING BODY CONVERTER TECHNOLOGY, 202175
TABLE 19OSCILLATING BODY CONVERTERS: WAVE ENERGY CONVERTER MARKET, BY SUBTYPE, 2016–2019 (USD THOUSAND)75
TABLE 20OSCILLATING BODY CONVERTERS: WAVE ENERGY CONVERTER MARKET, BY SUBTYPE, 2020–2030 (USD THOUSAND)76
6.3.2POINT ABSORBERS76
TABLE 21POINT ABSORBERS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND)76
TABLE 22POINT ABSORBERS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND)77
6.3.3ATTENUATORS77
TABLE 23ATTENUATORS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND)77
TABLE 24ATTENUATORS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND)78
6.3.4OSCILLATING WAVE SURGE CONVERTERS78
TABLE 25OSCILLATING WAVE SURGE CONVERTERS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND)78
TABLE 26OSCILLATING WAVE SURGE CONVERTERS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND)79
6.3.5SUBMERGED PRESSURE DIFFERENTIAL DEVICES79
TABLE 27SUBMERGED PRESSURE DIFFERENTIAL DEVICES: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND)79
TABLE 28SUBMERGED PRESSURE DIFFERENTIAL DEVICES: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND)80
6.3.6BULGE WAVE DEVICES80
TABLE 29BULGE WAVE DEVICES: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND)80
TABLE 30BULGE WAVE DEVICES: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND)81
6.4OVERTOPPING DEVICES81
6.4.1SIMPLE CONSTRUCTION AND EASE OF OPERATION81
TABLE 31OVERTOPPING DEVICES: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND)81
TABLE 32OVERTOPPING DEVICES: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND)82
6.5ROTATING MASS CONVERTERS82
6.5.1ECCENTRIC MASS ROTATING TECHNOLOGY AND EASE OF OPERATION82
TABLE 33ROTATING MASS CONVERTERS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND)82
TABLE 34ROTATING MASS CONVERTERS: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND)83
7WAVE ENERGY CONVERTER MARKET, BY LOCATION84
7.1INTRODUCTION85
FIGURE 34WAVE ENERGY CONVERTER MARKET, BY LOCATION, 202185
TABLE 35WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2016–2019 (USD THOUSAND)85
TABLE 36WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2020–2030 (USD THOUSAND)85
7.2SHORELINE86
7.2.1ECONOMIC INSTALLATION AND INCREASING POWER DEMAND FROM COASTAL POPULATION86
TABLE 37SHORELINE: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND)86
TABLE 38SHORELINE: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND)86
7.3NEARSHORE87
7.3.1WEC INSTALLATIONS FOR KEY APPLICATIONS87
TABLE 39NEARSHORE: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND)87
TABLE 40NEARSHORE: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND)87
7.4OFFSHORE88
7.4.1ABILITY TO POWER OTHER OFFSHORE STRUCTURES88
TABLE 41OFFSHORE: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND)88
TABLE 42OFFSHORE: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND)88
8WAVE ENERGY CONVERTER MARKET, BY APPLICATION89
8.1INTRODUCTION90
FIGURE 35WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 202190
TABLE 43WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND)90
TABLE 44WAVE ENERGY CONVERTER MARKET: BY APPLICATION, 2020–2030 (USD THOUSAND)90
8.2POWER GENERATION91
8.2.1NEED TO REDUCE CARBON EMISSIONS GENERATED BY POWER GENERATION ACTIVITIES91
TABLE 45POWER GENERATION: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND)91
TABLE 46POWER GENERATION: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND)91
8.3DESALINATION92
8.3.1EASE OF DESALINATION OF SEAWATER BY WAVE ENERGY92
TABLE 47DESALINATION: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND)92
TABLE 48DESALINATION: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND)92
8.4ENVIRONMENTAL PROTECTION93
8.4.1NEED TO REDUCE COASTAL EROSION93
TABLE 49ENVIRONMENTAL PROTECTION: WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND)93
TABLE 50ENVIRONMENTAL PROTECTION: WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND)93
9WAVE ENERGY CONVERTER MARKET, BY REGION94
9.1INTRODUCTION95
FIGURE 36REGIONAL SNAPSHOT: MARKET IN EUROPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD95
FIGURE 37EUROPE ACCOUNTED FOR LARGEST SHARE OF WAVE ENERGY CONVERTER MARKET IN 202195
TABLE 51GLOBAL WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (KW)96
TABLE 52GLOBAL WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (KW)96
TABLE 53GLOBAL WAVE ENERGY CONVERTER MARKET, BY REGION, 2016–2019 (USD THOUSAND)96
TABLE 54GLOBAL WAVE ENERGY CONVERTER MARKET, BY REGION, 2020–2030 (USD THOUSAND)96
9.2NORTH AMERICA97
FIGURE 38NORTH AMERICA: SNAPSHOT OF WAVE ENERGY CONVERTER MARKET, 202197
FIGURE 39NORTH AMERICA: WAVE ENERGY CONVERTER PROJECT LIST98
TABLE 55NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2016–2019 (USD THOUSAND)99
TABLE 56NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2020–2030 (USD THOUSAND)99
TABLE 57NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2016–2019 (USD THOUSAND)99
TABLE 58NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2020–2030 (USD THOUSAND)100
TABLE 59NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND)100
TABLE 60NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND)100
TABLE 61NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2016–2019 (KW)100
TABLE 62NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2020–2030 (KW)101
TABLE 63NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2016–2019 (USD THOUSAND)101
TABLE 64NORTH AMERICA: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2020–2030 (USD THOUSAND)101
9.2.1US101
9.2.1.1Growing power demand from coastal areas101
TABLE 65US: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND)102
TABLE 66US: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND)102
9.2.2CANADA102
9.2.2.1Increasing R&D activities on wave energy102
TABLE 67CANADA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND)103
TABLE 68CANADA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND)103
9.3EUROPE103
FIGURE 40EUROPE: SNAPSHOT OF WAVE ENERGY CONVERTER MARKET, 2021104
FIGURE 41EUROPE: WAVE ENERGY CONVERTER PROJECT LIST105
TABLE 69EUROPE: WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2016–2019 (USD THOUSAND)108
TABLE 70EUROPE: WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2020–2030 (USD THOUSAND)108
TABLE 71EUROPE: WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2016–2019 (USD THOUSAND)108
TABLE 72EUROPE WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2020–2030 (USD THOUSAND)109
TABLE 73EUROPE: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND)109
TABLE 74EUROPE: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND)109
TABLE 75EUROPE: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2016–2019 (KW)110
TABLE 76EUROPE: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2020–2030 (KW)110
TABLE 77EUROPE: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2016–2019 (USD THOUSAND)110
TABLE 78EUROPE: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2020–2030 (USD THOUSAND)111
9.3.1UK111
9.3.1.1Strong focus on R&D and renewable energy111
TABLE 79UK: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND)111
TABLE 80UK: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND)112
9.3.2PORTUGAL112
9.3.2.1Development of new wave energy projects112
TABLE 81PORTUGAL: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND)112
TABLE 82PORTUGAL: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND)112
9.3.3FRANCE113
9.3.3.1Ambitious renewable energy targets113
TABLE 83FRANCE: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND)113
TABLE 84FRANCE: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND)113
9.3.4DENMARK113
9.3.4.1Augmented testing of emerging technologies in renewable energy sector113
TABLE 85DENMARK: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND)114
TABLE 86DENMARK: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND)114
9.3.5REST OF EUROPE114
TABLE 87REST OF EUROPE: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND)115
TABLE 88REST OF EUROPE: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND)115
9.4ASIA PACIFIC115
FIGURE 42ASIA PACIFIC: WAVE ENERGY CONVERTER PROJECT LIST116
TABLE 89ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2016–2019 (USD THOUSAND)117
TABLE 90ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2020–2030 (USD THOUSAND)117
TABLE 91ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2016–2019 (USD THOUSAND)117
TABLE 92ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2020–2030 (USD THOUSAND)118
TABLE 93ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND)118
TABLE 94ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND)118
TABLE 95ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2016–2019 (KW)118
TABLE 96ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2020–2030 (KW)119
TABLE 97ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2016–2019 (USD THOUSAND)119
TABLE 98ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2020–2030 (USD THOUSAND)119
9.4.1CHINA120
9.4.1.1Ambitious renewables target120
TABLE 99CHINA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND)120
TABLE 100CHINA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND)120
9.4.2AUSTRALIA120
9.4.2.1Growing R&D investments in desalination120
TABLE 101AUSTRALIA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND)121
TABLE 102AUSTRALIA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND)121
9.4.3SOUTH KOREA121
9.4.3.1Increasing R&D on renewable energy generation121
TABLE 103SOUTH KOREA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND)122
TABLE 104SOUTH KOREA: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND)122
9.4.4REST OF ASIA PACIFIC122
TABLE 105REST OF ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND)123
TABLE 106REST OF ASIA PACIFIC: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND)123
9.5ROW123
FIGURE 43ROW: WAVE ENERGY CONVERTER PROJECT LIST124
TABLE 107ROW: WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2016–2019 (USD THOUSAND)125
TABLE 108ROW: WAVE ENERGY CONVERTER MARKET, BY TECHNOLOGY, 2020–2030 (USD THOUSAND)125
TABLE 109ROW: WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2016–2019 (USD THOUSAND)125
TABLE 110ROW: WAVE ENERGY CONVERTER MARKET, BY LOCATION, 2020–2030 (USD THOUSAND)126
TABLE 111ROW: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2016–2019 (USD THOUSAND)126
TABLE 112ROW: WAVE ENERGY CONVERTER MARKET, BY APPLICATION, 2020–2030 (USD THOUSAND)126
TABLE 113ROW: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2016–2019 (KW)126
TABLE 114ROW: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2020–2030 (KW)127
TABLE 115ROW: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2016–2019 (USD THOUSAND)127
TABLE 116ROW: WAVE ENERGY CONVERTER MARKET, BY COUNTRY, 2020–2030 (USD THOUSAND)127
10COMPETITIVE LANDSCAPE128
10.1OVERVIEW128
FIGURE 44KEY DEVELOPMENTS IN WAVE ENERGY CONVERTER MARKET, 2018 TO 2022128
10.2MARKET SHARE, 2021129
FIGURE 45INDUSTRY CONCENTRATION OF KEY PLAYERS, 2021129
10.3MARKET EVALUATION FRAMEWORK129
TABLE 117MARKET EVALUATION FRAMEWORK, 2018–2021130
10.4SEGMENTAL REVENUE ANALYSIS OF TOP MARKET PLAYERS131
FIGURE 46SEGMENTAL REVENUE ANALYSIS, 2018–2021131
10.5RECENT DEVELOPMENTS132
10.5.1DEALS132
TABLE 118WAVE ENERGY CONVERTER MARKET: DEALS, 2018–2022132
10.5.2OTHERS133
TABLE 119WAVE ENERGY CONVERTER MARKET: OTHERS, 2018–2022133
10.6COMPETITIVE LEADERSHIP MAPPING, 2021134
10.6.1STARS134
10.6.2EMERGING LEADERS134
10.6.3PERVASIVE PLAYERS134
10.6.4PARTICIPANTS134
FIGURE 47WAVE ENERGY CONVERTER MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021135
TABLE 120COMPANY TECHNOLOGY FOOTPRINT136
TABLE 121COMPANY LOCATION FOOTPRINT137
TABLE 122COMPANY APPLICATION FOOTPRINT138
TABLE 123COMPANY REGIONAL FOOTPRINT139
10.7START-UP/SME EVALUATION QUADRANT, 2021140
10.7.1PROGRESSIVE COMPANIES140
10.7.2RESPONSIVE COMPANIES140
10.7.3DYNAMIC COMPANIES140
10.7.4STARTING BLOCKS140
FIGURE 48WAVE ENERGY CONVERTER MARKET: START-UP/SME EVALUATION QUADRANT, 2021141
10.8COMPETITIVE BENCHMARKING142
TABLE 124WAVE ENERGY CONVERTER MARKET: DETAILED LIST OF KEY STARTUPS/SMES142
TABLE 125COMPANY TECHNOLOGY FOOTPRINT (SME)143
TABLE 126COMPANY LOCATION FOOTPRINT (SME)144
TABLE 127COMPANY APPLICATION FOOTPRINT (SME)145
TABLE 128COMPANY REGIONAL FOOTPRINT (SME)145
11COMPANY PROFILES146
11.1KEY PLAYERS146
(Business overview, Products/Services offered, Recent developments, MnM View, Right to win, Strategic choices made, and Weaknesses and competitive threats)*
11.1.1OCEAN POWER TECHNOLOGIES146
TABLE 129OCEAN POWER TECHNOLOGIES: BUSINESS OVERVIEW146
FIGURE 49OCEAN POWER TECHNOLOGIES: COMPANY SNAPSHOT147
TABLE 130OCEAN POWER TECHNOLOGIES: PRODUCT DEVELOPMENT148
TABLE 131OCEAN POWER TECHNOLOGIES: DEALS148
11.1.2ECO WAVE POWER150
TABLE 132ECO WAVE POWER: BUSINESS OVERVIEW150
FIGURE 50ECO WAVE POWER: COMPANY SNAPSHOT150
TABLE 133ECO WAVE POWER: DEALS151
TABLE 134ECO WAVE POWER: OTHERS152
11.1.3CORPOWER OCEAN153
TABLE 135CORPOWER OCEAN: BUSINESS OVERVIEW153
TABLE 136CORPOWER OCEAN: PRODUCT DEVELOPMENT154
TABLE 137CORPOWER OCEAN: DEALS154
TABLE 138CORPOWER OCEAN: OTHERS155
11.1.4WELLO OY156
TABLE 139WELLO OY: BUSINESS OVERVIEW156
TABLE 140WELLO OY: DEALS157
11.1.5CALWAVE POWER TECHNOLOGIES158
TABLE 141CALWAVE: BUSINESS OVERVIEW158
TABLE 142CALWAVE POWER TECHNOLOGIES: DEALS159
11.1.6AW-ENERGY OY160
TABLE 143AW-ENERGY OY: BUSINESS OVERVIEW160
TABLE 144AW-ENERGY OY: DEALS161
TABLE 145AW-ENERGY: OTHERS161
11.1.7CARNEGIE CLEAN ENERGY162
TABLE 146CARNEGIE CLEAN ENERGY: BUSINESS OVERVIEW162
FIGURE 51CARNEGIE CLEAN ENERGY: COMPANY SNAPSHOT162
TABLE 147CARNEGIE CLEAN ENERGY: PRODUCT DEVELOPMENT163
TABLE 148CARNEGIE CLEAN ENERGY: DEALS164
11.1.8SINN POWER165
TABLE 149SINN POWER: BUSINESS OVERVIEW165
TABLE 150SINN POWER: OTHERS166
11.1.9AMOG CONSULTING167
TABLE 151AMOG CONSULTING: BUSINESS OVERVIEW167
TABLE 152AMOG CONSULTING: DEALS168
11.1.10NEMOS GMBH169
TABLE 153NEMOS GMBH: BUSINESS OVERVIEW169
11.1.11OCEANENERGY170
TABLE 154OCEANENERGY: BUSINESS OVERVIEW170
TABLE 155OCEANENERGY: DEALS171
11.1.12WAVE SWELL172
TABLE 156WAVE SWELL: BUSINESS OVERVIEW172
11.1.13INGINE INC.173
TABLE 157INGINE INC.: BUSINESS OVERVIEW173
TABLE 158INGINE INC.: DEALS174
11.1.14AWS OCEAN ENERGY175
TABLE 159AWS OCEAN ENERGY: BUSINESS OVERVIEW175
11.1.15LIMERICK WAVE176
TABLE 160LIMERICK WAVE: BUSINESS OVERVIEW176
11.1.16ARRECIFE ENERGY SYSTEMS177
TABLE 161ARRECIFE ENERGY SYSTEMS: BUSINESS OVERVIEW177
11.1.17HANN-OCEAN ENERGY178
TABLE 162HANN-OCEAN ENERGY: BUSINESS OVERVIEW178
11.1.18ACCUMULATED OCEAN ENERGY179
TABLE 163ACCUMULATED OCEAN ENERGY: BUSINESS OVERVIEW179
11.1.19AQUANET POWER180
TABLE 164AQUANET POWER: BUSINESS OVERVIEW180
11.1.20RESOLUTE ENERGY181
TABLE 165RESOLUTE ENERGY: BUSINESS OVERVIEW181
TABLE 166RESOLUTE ENERGY: DEALS182
11.1.21BOMBORA WAVE POWER183
TABLE 167BOMBORA WAVE POWER: BUSINESS OVERVIEW183
TABLE 168BOMBORA WAVE POWER: DEALS184
11.1.22MARINE POWER SYSTEMS185
TABLE 169MARINE POWER SYSTEMS: BUSINESS OVERVIEW185
TABLE 170MARINE POWER SYSTEMS: DEALS186
11.1.23APPLIED TECHNOLOGIES COMPANY187
TABLE 171APPLIED TECHNOLOGIES COMPANY: BUSINESS OVERVIEW187
11.1.24WEPTOS A/S188
TABLE 172WEPTOS A/S: BUSINESS OVERVIEW188
11.1.25OSCILLA POWER189
TABLE 173OSCILLA POWER: BUSINESS OVERVIEW189
TABLE 174OSCILLA POWER: DEALS190
11.2OTHER PLAYERS191
11.2.1ABLE TECHNOLOGIES, L.L.C.191
11.2.2LEANCON WAVE ENERGY191
11.2.3SENER GROUP192
11.2.4EXOWAVE192
11.2.5WITT ENERGY193
11.2.6WAVE DRAGON APS193
11.2.7CHECKMATE SEAENERGY LTD194
11.2.8ONEKA TECHNOLOGIES194
11.2.9MOCEAN ENERGY195
*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.
12APPENDIX196
12.1INSIGHTS OF INDUSTRY EXPERTS196
12.2DISCUSSION GUIDE197
12.3KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL203
12.4CUSTOMIZATION OPTIONS205
12.5RELATED REPORTS205
12.6AUTHOR DETAILS206