Marine Power Market

Marine power refers to the renewable energy stored in the ocean in the form of heat and mechanical energy under the influence of the gravity of the sun, moon and other planets, the rotation of the earth, and solar radiation. These energies include tidal energy, wave energy, ocean current energy, and ocean energy. Temperature difference energy and sea salt difference energy and other forms. The ocean contains a huge amount of energy and is close to many cities or settlements. These ocean energy sources are inexhaustible and inexhaustible renewable energy sources. Although the ocean has huge energy, high technology and high cost must be used to overcome the high corrosiveness of salt water. In some cases, it is even necessary to make the equipment able to withstand the high pressure environment of the deep sea.

Marine Power Market contains market size and forecasts of Marine Power (Wave and Tidal) in global, including the following market information:

Global Marine Power (Wave and Tidal) Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Marine Power (Wave and Tidal) Market Sales, 2017-2022, 2023-2028, (MW)

Global top five Marine Power (Wave and Tidal) companies in 2021 (%)

The global Marine Power (Wave and Tidal) market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Wave Power Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Marine Power (Wave and Tidal) include Simec Atlantis Energy, Ocean Renewable Power Company, Orbital Marine Power, Nova Innovations, Ocean Power Technologies, Verdant Power, Carnegie Wave Energy, AWS Ocean Energy and Tocardo, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Marine Power (Wave and Tidal) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Marine Power (Wave and Tidal) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MW)

Global Marine Power (Wave and Tidal) Market Segment Percentages, by Type, 2021 (%)

Wave Power

Tidal Power

Global Marine Power (Wave and Tidal) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MW)

Global Marine Power (Wave and Tidal) Market Segment Percentages, by Application, 2021 (%)

Industrial Applications

Commercial Applications

Residential

Others

Global Marine Power (Wave and Tidal) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MW)

Global Marine Power (Wave and Tidal) Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Marine Power (Wave and Tidal) revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Marine Power (Wave and Tidal) revenues share in global market, 2021 (%)

Key companies Marine Power (Wave and Tidal) sales in global market, 2017-2022 (Estimated), (MW)

Key companies Marine Power (Wave and Tidal) sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Simec Atlantis Energy

Ocean Renewable Power Company

Orbital Marine Power

Nova Innovations

Ocean Power Technologies

Verdant Power

Carnegie Wave Energy

AWS Ocean Energy

Tocardo

Oceanlinx

Eco Wave Power

CorPower Ocean

Oscilla Power

Wave Swell Energy

Wello Oy

AW-Energy