Ocean Power Market, By Type (Tidal Barrages, Tidal Stream, Wave Energy, and Others), By Application (Power Generation, Desalination, Water Pumping, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jul 2024

Code : CMI7168

Pages :140

Formats :

Excel and PDF

Industry : Energy

Market Concentration and Competitive Landscape

Ocean Power Market Concentration By Players

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Advancements in ocean power technologies

Considerable research and private capital has fueled advancements in developing commercially viable ocean power technologies over the past decade. Bidirectional progress has been made across the engineering challenges related to generating energy from sea waves, tides, salinity gradients, and ocean thermal energy conversion. Projects integrating wave or tidal turbines have demonstrated the technical and economic feasibility of harvesting energy from ocean currents and tidal range differences. They have shown promise to operate reliably in the turbulent and corrosive marine environment over years of deployment. Advancements in materials engineering, power take-off and transmission systems as well as mooring and electrical infrastructures have enhanced the robustness, modularity and energy output per device.

Key Players Insights