Global Ocean Power Market 2018-2022

About Ocean Power

Ocean power or ocean energy involves the process of harnessing the movement of tides in the ocean to generate electricity. Special buoys, turbines, and other technologies are placed in the ocean to capture the power generated from the sea stream and tides that are connected to a generator. This generator converts the power of stream and tide into pollution-free, renewable electricity.

Technavio's analysts forecast the Global Ocean Power Market to grow at a CAGR of 10.49% during the period 2018-2022.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

Technavio's report, Global Ocean Power Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• ANDRITZ HYDRO Hammerfest
• Atlantis Resources
• Ocean Power Technologies
• OpenHydro
• Seabased
• Wello Oy

Market driver

• Growing need for reducing the dependency on fossil fuel
• For a full, detailed list, view our report

Market challenge

• High project cost
• For a full, detailed list, view our report

Market trend

• Increasing focus on clean energy development
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Table of Contents

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 05: MARKET SIZING

• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 07: MARKET SEGMENTATION BY TECHNOLOGY

• Segmentation by technology
• Comparison by technology
• Tidal power - Market size and forecast 2017-2022
• Wave power - Market size and forecast 2017-2022
• Market opportunity by technology

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

• Geographical segmentation
• Regional comparison
• EMEA - Market size and forecast 2017-2022
• APAC - Market size and forecast 2017-2022
• Americas - Market size and forecast 2017-2022
• Key leading countries
• Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 12: MARKET TRENDS

• Increasing focus on clean energy development
• Advances in marine turbines
• Increasing industrial activities and investments

PART 13: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 14: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• ANDRITZ HYDRO Hammerfest
• Atlantis Resources
• Ocean Power Technologies
• OpenHydro
• Seabased
• Wello Oy

PART 15: APPENDIX

• List of abbreviations