Press release
Ocean Power Market 2023 Growth Analysis by Company: ANDRITZ HYDRO, Hammerfest, Atlantis Resources, Ocean Power Technologies, OpenHydro, Seabased and More
The worldwide market for Ocean Power is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017, according to a new study.
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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.
The Ocean Power Market segment by type, the research studies Tidal power and Wave power, also by applications, can be divided into Residential, Industrial, Transport and others.
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The global Ocean Power market segment by manufacturers, this report covers ANDRITZ HYDRO, Hammerfest, Atlantis Resources, Ocean Power Technologies, OpenHydro, Seabased and Wello Oy. Also, the market segment by regional analysis covers North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.) and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Related Report:
Global Ocean Signal Devices Market Insights, Forecast to 2025
The Ocean Signal Devices market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. 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 Signal Devices.
The major manufacturers are covered in this report such as Kannad, Air Sea Safety, ACR, McMurdo, GME, Datrex, Jotron, JRC USA and Ocean Signal. Also, the market breakdown data by type covers PLB, EPIRB, and other.
Read More: https://www.researchbeam.com/global-ocean-signal-devices-insights-forecast-to-2025-market?utm_source=OPR&utm_medium=CC
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