Energy Point Absorber Market
The point absorber, a type of wave energy convertor (WEC), can provide substantial quantities of power in a small device as compared to other technologies. Although their designs and working mechanisms differ, they mostly work in the same manner. Point absorbers find application in commercial, industrial and residential purposes. The market for point absorber is still in a nascent stage.
Get Research Report Overview @ https://www.transparencymarketresearch.com/point-absorber-market.html
Point absorbers can be installed offshore, near the shore, and in the shoreline. The first kind of point absorber is the Ocean Power Technology’s Power Buoy. It floats on the surface of the ocean and bobs on account of the waves. This movement results in generation of energy. The second type of point absorber is Carnegie Wave Energy’s (CETO). This CETO harnesses the energy of the waves passing by to pull the buoy away from its structure.
A report by TMR Research shows conveys in-depth and accurate information on the global market for point absorbers. It describes the scope of the market, segments it depending upon various parameters, and forecasts its growth trajectory. It furnishes a qualitative analysis of the prominent growth drivers and restraints in the market. The report also profiles important players in the market and employs market leading analytical tools to uncover opportunities for them.
Global Point Absorber Market: Trends and Opportunities
Majorly boosting the global market for point absorber is the rising demand for renewable energy on a commercial scale, worldwide. Stringent rules regarding conventional energy production methods has also been augmenting growth. Going forward, the aforementioned factors will continue stoking demand in the market.
Further, a point absorber steals a march over other such products meant to capture and convert wave energy into electrical energy by continuously producing energy notwithstanding the direction of the waves. This unique perceived benefit is slated to up their swift uptake. A noticeable trend in the market is the increasing thrust on research and development by leading players in the domain to come up with cutting-edge products. Ocean Power Technologies (OPT), for example, has unveiled a point absorber PB150 Power Buoy. It is a surface floating device that can generate up to 150KW power. The company is currently involved in developing devices with even greater capacities.
One drawback of point absorber deployment in sensitive areas near the shore and aquatic life zone, however, is that it has a fallout on aquatic species. The devices also change water movement and turbulence which can bring about habitant changes. Such concerns are predicted to pose a roadblock to the global market in the near future. Besides, steep installation costs and large size of equipment are also anticipated to thwart swift uptake.
Global Point Absorber Market: Regional Outlook
Geographically, the key segments of the global market for machine control system are Asia Pacific, North America, Europe, and the Rest of the World. North America, among them, is predicted to be a dominant region in the next couple of years on account of the massive investment in developing commercial scale energy generation device farm. Asia Pacific is expected to be the fastest growing regional market owing to surge in renewable energy demand and large coastal area availability.
Get PDF Brochure for more Professional & Technical industry insights: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2732
Companies Mentioned in the Report
To present a detailed analysis of the competition prevailing in the global market for point absorber, the report profiles companies such as AWS Ocean Energy Ltd, Pelamis Wave Power Ltd, Carnegie Corporation, Ocean Power Technologies Inc., and Wave Bob Ltd.
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Transparency Market Research
90 State Street,
NY - 12207
USA - Canada Toll Free 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Energy Point Absorber Market here
News-ID: 1115683 • Views: 328
More Releases from Transparecny Market Research
Understanding Impact of COVID-19 on Hydraulic Fluids Market
Hydraulic oils, hydraulic liquids, or hydraulic fluids is a major part of hydraulic systems, through which power is conveyed in hydraulic equipment. Hydraulic liquids are primarily used in conveying kinetic and potential energy in a hydraulic system. Hydraulic liquids generally provide a flow of volume in hydrostatic motors and pumps. Hydraulic fluids also help in decreasing the wear and tear of parts involved in friction in the piston assembly. Hydraulic
Lead Market Foreseen to Grow Exponentially by 2025
Lead is a heavy metal and has several useful mechanical properties including high density, low melting point, ductility, and relative inertness. Lead is a chemical element with the atomic number 82. It has the highest atomic number of any stable element. Lead is soft and malleable, and has a relatively low melting point. When freshly cut, lead is bluish-white; it tarnishes to a dull gray color when exposed to air.
Wind Power Market to Register Substantial Expansion by 2026
According to Global Wind Energy Council, worldwide wind energy installations were 34-35 GW in 2013. This will be the first time in the decade where global demand for wind power shrinked, mainly because of china and the U.S. In Europe, the U.K. and Germany are likely to propel the market, with growth from countries such as Finland Denmark and Sweden along with eastern European countries such as Turkey and Poland. After
Reforming Unit Market Estimated to Expand at a Robust CAGR by 2024
Global Reforming Unit Market: Overview Reforming unit, also known as thermal reformer, helps run a catalytic process that converts low octane naphthas into higher octane reformed products. With the growing environmental concerns, the demand for higher octane reformates for gasoline blending and hydrogen for other refinery operations is escalating in order to meet the requirements for clean fuels. The byproduct of the dehydrogenation process, hydrogen gas, is useful for hydrocracking and
More Releases for Power
Brisbane Power Electricians
Brisbane Power is a family owned business of second generation Electricians. From our humble beginnings in 1978, we boast 28 years of experience in electrical services across Brisbane and surrounds. We provide unparalleled 24 hour emergency electrical services to homes and businesses. Brisbane Power is a family owned business of second generation Electricians. From our humble beginnings in 1978, we boast 28 years of experience in electrical services across Brisbane and
Privacy through solar power
The vertical “Shadeplus” blind is to be operated via a new solar module Awnings are not only available as individual items, but also come in a double pack. One of these awnings protects against UV radiation and heat, and the other against glaring light. They achieve this with the assistance of solar power as a practical and simultaneously environmentally-friendly energy source The “pergola” by markilux has been available for quite some time
Temporary Power Generation/Power Rental Market Analysis by Leading Manufacturers …
A new research study from HTF MI with title Global Temporary Power Generation/Power Rental Market Size, Status and Forecast 2025 provides an in-depth assessment of the Temporary Power Generation/Power Rental including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts for Temporary Power Generation/Power Rental investments till 2022. Access Sample Copy @: https://www.htfmarketreport.com/sample-report/1191683-global-temporary-power-generation-power-rental-market-2 If you are involved in
Medical Power Market Medical Power Market
This report studies Medical Power in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Request for discount @ https://www.researchtrades.com/discount/1445183 This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Astrodyne TDI (US) CUI Inc. (US) Delta Electronic, Inc (TW) Excelsys
Kuwait Power Market to have Surplus Power
Electricity plays a major role in the development of a region, and the electricity generation, transmission and distribution infrastructure serves as a measure of progress in the region. Energy in the form of electricity has become an indispensable part of our everyday lives. Nowadays, power generation uses a variety of sources ranging from fossil fuels like coal and oil, to renewable sources like wind and solar. The energy mix for
Connectivity for power-applications
Halver, 18 June 2015 – At the SPS IPC Drives 2014 in Nuremberg, the connector- and housing specialist ESCHA presented connectivity for power applications. The 4-pole M12x1 connectors are predestinated for power transmission and are available as of now. With the newly developed products identified as ‘Power S‘ or ‘Power T‘, ESCHA offers a consistent- and a qualitatively high-grade M12x1-connectivity portfolio for sensors-, data-, and power supply. The trend moves towards