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Global Market Trajectory & Analytics




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JULY 2020








USD $5600

Amid the COVID-19 crisis, the global market for Ocean Energy estimated at 2.7 Million Kilowatts in the year 2020, is projected to reach a revised size of 27.2 Million Kilowatts by 2027, growing at a CAGR of 38.7% over the period 2020-2027.
The Ocean Energy market in the U.S. is estimated at 831.3 Thousand Kilowatts in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 4.3 Million Kilowatts by the year 2027 trailing a CAGR of 36.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 35.2% and 32.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 26.3% CAGR.We bring years of research experience to this 16th edition of our report. The 109-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Able Technologies; Albatern Ltd.; Applied Technologies Company, Ltd.; AquaGen Technologies; Aqua-Magnetics Inc.; Atargis Energy Corporation; Atlantis Resources Ltd.; BioPower Systems Pty. Ltd.; Blue Energy Canada Inc.; Carnegie Clean Energy Limited; Minesto AB; Nova Innovation Ltd.; Ocean Power Technologies Inc.; Ocean Renewable Power Company, LLC; OpenHydro Group Limited; Scotrenewables Tidal Power Ltd.; Tocardo International BV; Verdant Power, Inc.
» Segment (Ocean Energy)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World


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Ocean Energy: Harnessing the Sheer Potential of Oceans & Seas for Meeting Future Energy Needs
Important Factors Influencing the Global Ocean Energy Market
Recent Market Activity
Shift to Renewable Sources of Energy: An Inevitable Reality
Huge Untapped Kinetic Energy Potential of Oceans: A Fundamental Growth Driver
Fast Facts
Growth Drivers in a Nutshell
Key Market Inhibitors
Government Intervention Critical for Commercial Success of Ocean Energy
Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries
Technology Commercialization: Need of the Hour
Ocean Energy - A Review of Current Scenario
Global Market Outlook
Europe Leads the Global Ocean Energy Market
Asia-Pacific: Frontrunner in Tidal Barrage Power Plants
Global Competitor Market Shares
Ocean Energy Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession
Able Technologies, L.L.C. (USA)
Albatern Ltd. (UK)
Applied Technologies Company, Ltd. (Russia)
AquaGen Technologies (Australia)
Aqua-Magnetics Inc. (USA)
Atargis Energy Corporation (USA)
Atlantis Resources Ltd. (UK)
BioPower Systems Pty. Ltd. (Australia)
Blue Energy Canada Inc. (Canada)
Carnegie Clean Energy Limited (Australia)
Minesto AB (Sweden)
Nova Innovation Ltd. (UK)
Ocean Power Technologies Inc. (USA)
Ocean Renewable Power Company, LLC (USA)
OpenHydro Group Limited (Ireland)
Scotrenewables Tidal Power Ltd. (Scotland)
Tocardo International BV (Netherlands)
Verdant Power, Inc. (USA)
Growing Number of Wave Energy Projects Worldwide Drives Strong Market Growth
Major Wave Energy Projects Worldwide: Project Proponent, Technology, Location, Capacity (MW) and Development Stage
Tidal Energy Gains Momentum
MeyGen - A Multi-Turbine Tidal Stream Project in Scotland
Tidal Energy Projects Worldwide
Tidal Stream Projects Lends Traction to Market Growth
Tidal Range Projects to Face Challenges
Ocean Thermal Energy Conversion (OTEC) - A Niche Segment
OTEC Project on the South Pacific Ocean Obtains Bureau Veritas Approval
Other FOWT Projects
Major FOWT Projects Worldwide: Project Proponent, Technology, Location, Capacity (MW) and Development Stage
Rising Investments in Renewable Energy Sources Benefit Market Expansion
Superior Attributes of Tidal Energy Attract New Developers, Benefits Market Adoption
Horizontal Axis Turbines Grab Lions Share of Tidal Energy Devices
Tidal Energy: Abundant Resources despite Technology Barriers
Despite Dominance of Tidal Energy, Wave Energy Garner Growing Attention and Investments
Small Islands Provide Big Push for Ocean Thermal Energy Conversion Plants
Surveys to Play a Vital Role in Project Developments
Robust Electric Power Consumption Drives the Need for Alternative Energy Sources
Burgeoning Global Population Propels Demand for Electric Power
Key Challenges Hampering Ocean Energy Development
Financial Support and Markets
Administrative and Environmental Issues
Availability of Grid Close to Projects
Grid Integration
Technology Advancements
PLAT-O Driving Down Tidal Energy Costs
bioWAVE: The New Ocean Energy Harnessing Device Deployed off the Australian Coast
THWAT Turbine for Tidal Energy
HiWave: A Novel WEC Technology that Works on the Human Heart Blood Pumping Principle
Xenesys and Saga University to Develop OTEC Technology
Japan Houses the State-of-the-Art OTEC Center
Technology Developments to Harness Salt Power
Ocean Energy Global Market Estimates and Forecasts in Kilowatts by Region/Country: 2018-2025
Ocean Energy Market Share Shift across Key Geographies Worldwide: 2019 VS 2025
United States
Market Facts & Figures
United States Ocean Energy Market Estimates and Projections in Kilowatts: 2018 to 2025
Canadian Ocean Energy Market Estimates and Forecasts in Kilowatts: 2018 to 2025
Japanese Market for Ocean Energy: Annual Sales Estimates and Projections in Kilowatts for the Period 2018-2025
Chinese Ocean Energy Market Growth Prospects in Kilowatts for the Period 2018-2025
Market Facts & Figures
European Ocean Energy Market Demand Scenario in Kilowatts by Region/Country: 2018-2025
European Ocean Energy Market Share Shift by Region/Country: 2019 VS 2025
Ocean Energy Market in France: Estimates and Projections in Kilowatts for the Period 2018-2025
Ocean Energy Market in Germany: Recent Past, Current and Future Analysis in Kilowatts for the Period 2018-2025
Italian Ocean Energy Market Growth Prospects in Kilowatts for the Period 2018-2025
United Kingdom
United Kingdom Market for Ocean Energy: Annual Sales Estimates and Projections in Kilowatts for the Period 2018-2025
Rest of Europe
Rest of Europe Ocean Energy Market Estimates and Forecasts in Kilowatts: 2018-2025
Ocean Energy Market in Asia-Pacific: Estimates and Projections in Kilowatts for the Period 2018-2025
Rest of World
Rest of World Ocean Energy Market Estimates and Forecasts in Kilowatts: 2018 to 2025
Total Companies Profiled : 56

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