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November 9, 2018: 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.

Radiant Insights 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

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Radiant Insights 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 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

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