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City of Industry, CA -- (SBWIRE) -- 08/10/2018 -- This report presents the worldwide Ocean Power market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Ocean energy (also sometimes referred to as marine energy, marine power, or hydrokinetic energy) refers to the energy carried by ocean waves, tides, salinity, and ocean temperature differences. The movement of water in the world's oceans creates a vast store of kinetic energy, or energy in motion. This energy can be harnessed to generate electricity to power homes, transport and industries.
The burning of coal causes carbon dioxide emission, which has a major impact on the environment. However, it is one of the most commonly used sources for baseload power due to its low cost and easy availability. Governments across the world are adopting renewable energy to regulate carbon dioxide emissions to decarbonize the power system. The growing environmental concerns have forced countries to adopt a diversified energy mix by increasing the share of low/no carbon sources, such as wind, solar, geothermal, and ocean power.
Ocean energy has the potential to play a significant role in the future energy system, whilst contributing to the reduction of carbon emissions and stimulating economic growth in coastal and remote areas. Ocean energy has attracted increasing interest, particularly in the EU, which is currently at the forefront of ocean energy development.
In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Ocean Power.
The following manufacturers are covered in this report:
ANDRITZ HYDRO Hammerfest
Ocean Power Technologies
Ocean Power Breakdown Data by Type
Ocean Power Breakdown Data by Application
Ocean Power Production by Region
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