Press release
Global Wave Energy Market Growth Sales Revenue Analysis 2020-2030
Increasing adoption of renewable energy generation and other applications is helping manufacturers to invest more in R&D leading to the growth in wave energy market. This factor is boosting the growth for wave energy market.The global wave energy market accounted for US$ 44 million in 2020 and is estimated to be 107 million by 2025 and is anticipated to register a CAGR of 19.3%. The report. "Global Wave Energy Market, By Technology (Oscillating Water Column, Oscillating Body Converters, and Overtopping Converters), By Location (Onshore, Near shore, and Offshore), By Application (Desalination, Power Generation, and Environmental Protection), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.
Key Highlights:
In October 2019, SIMEC Atlantis Energy Limited declared that the company has acquired the Green Highland Renewables project development, asset management, and operation and maintenance business from SIMEC Energy. The project had built more than 45 hydro schemes and comprises more than 65 hydro schemes. The project also offers operation and maintenance services for more than 45 hydro schemes in the UK.
In September 2019, MAKO Energy Pte Ltd. introduced the MAKO Tidal Energy Site at the Sentosa Boardwalk in Singapore. This development is the part of a collaboration agreement between MAKO Energy Pte Ltd. and Sentosa Development Corporation (SDC) in December 2018.
Analyst View:
Increasing application of cryogenic gases
Wave Energy has various industrial application including metallurgy, oil & gas, power & energy, electronics, food & beverage. Growth in investments across the power sector, especially in the emerging regions provides avenues for growth. Further, chilling and freezing is an important aspect of the industry, and trends in this segment indicate growth in demand for frozen foods, which is projected to continue in the coming years. Moreover, factors such as awareness regarding waste or energy usage, the influence of manufacturing on carbon emissions and legislations governing the food & beverage manufacturing segment has significantly influenced the choice of freezing technology.
Growing power & energy demand and rapid industrialization
Power & energy sector is surging demand across the globe coupled with rapid industrialization. This lead to create an important catalyzing factor for the growth of the target market over the forecast period. Further, advancement in the power & energy sector has led to the improvement in energy storage and HTS cables. Substantial investments in several developing countries, involving India, to construct smart cities and high-speed trains are predicted to offer growth prospects to the target market.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Wave Energy Market”, By Technology (Oscillating Water Column, Oscillating Body Converters, and Overtopping Converters), By Location (Onshore, Near shore, and Offshore), By Application (Desalination, Power Generation, and Environmental Protection), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030
Download sample copy of this report @
https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4242
Key Market Insights from the report:
The global wave energy market accounted for US$ 44 million in 2020 and is estimated to be 107 million by 2025 and is anticipated to register a CAGR of 19.3%. The market report has been segmented on the basis of technology, location, application, and region.
By technology, tanks segment is expected to gain highest share over the forecast period. LNG carriers carry a massive amount of LNG in the cargo tanks, and thus, maintaining the tank pressure is of paramount importance. Tanks provide several benefits including extended service life, lower maintenance cost, and high-quality insulation.
By location, natural gas dominants segment in 2017 and estimates for over 40% of the overall revenue share. Shale revolution adopted by the U.S. government has driven to high natural gas production, consequently increasing industry demand in the oil & gas sector. Growth in trade of natural gas is projected to offer lucrative growth opportunities to the industry.
By application, the power generation segment is projected to be the most significant wave energy market over the forecast period. This dominance is attributed mainly due to electrical energy generation by means of renewable sources. This is being done to control emission of greenhouse gases due to power generation operations.
By region, Asia Pacific estimated for a revenue share of 39.0% in the target market in 2017. Environmental regulations, Public funding programs, government policies, and competition are mainly responsible to drive the growth of marine energy technology in the region.
Competitive Landscape:
The prominent player operating in the global wave energy market includes Ocean Power Technologies Inc., Aquanet Power, Simec Atlantis Energy, Orbital Marine Power, Carnegie Clean Energy, OPRC Inc., Yam Pro Energy, AW Energy OY, Andritz Hydro Hammerfest, and BioPower Systems Pty Ltd.
The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.
Request Discount:-
https://www.prophecymarketinsights.com/market_insight/Insight/request-discount/4242
Some Important Points Answered in this Market Report Are Given Below:
Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period
Contact Us:
Mr Alex (Sales Manager)
Prophecy Market Insights
Phone: +1 860 531 2701
Email: sales@prophecymarketinsights.com“
About us:
Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Global Wave Energy Market Growth Sales Revenue Analysis 2020-2030 here
News-ID: 2110694 • Views: …
More Releases from Prophecy Market Insights

Compound Feeds and Additives Market to Reach USD 85.1 Billion by 2035
The Compound Feeds and Additives Market is experiencing remarkable growth as the demand for high-quality animal nutrition and sustainable livestock production continues to rise globally. According to recent projections, the market, valued at USD 24.8 billion in 2024, is expected to expand significantly to reach USD 85.1 billion by 2035, growing at a strong CAGR of 13.2% during the forecast period.
This surge reflects the increasing focus on animal health, productivity,…

Aerospace Cyber Security Market Projected to Reach USD 65.4 Billion by 2035
The Aerospace Cyber Security Market is witnessing unprecedented growth as the aerospace industry increasingly embraces digitalization and connected technologies. According to recent industry insights, the global aerospace cyber security market was valued at USD 29.4 billion in 2024 and is projected to reach an impressive USD 65.4 billion by 2035, growing at a CAGR of 8.5% during the forecast period.
This robust growth reflects the rising need for advanced cyber defense…

Indoor Air Quality Market: Breathing Life into Healthy Living and Sustainable Wo …
Author: Shweta R., Business Development Specialist, Prophecy Market Insights
Introduction
The quality of the air we breathe has become a critical public health concern and a business priority worldwide. As urbanization intensifies, populations grow, and workplaces become increasingly technology-driven, the demand for Indoor Air Quality (IAQ) solutions is on the rise. From homes and offices to hospitals, educational institutions, and industrial facilities, ensuring clean indoor air is no longer optional-it is a…
![[PDF] Surface Analysis Market: Unlocking Precision in Material Science and Industrial Innovation](https://cdn.open-pr.com/L/9/L908423356_g.jpg)
[PDF] Surface Analysis Market: Unlocking Precision in Material Science and Indus …
Author: Shweta R., Business Development Specialist
Introduction
The Surface Analysis Market is transforming the way industries understand, optimize, and innovate across materials and products. From semiconductors and aerospace to healthcare and nanotechnology, surface analysis techniques provide unmatched insights into composition, structure, and properties at the micro and nano scale. In today's innovation-driven economy, surface analysis has become more than a laboratory technique-it's a strategic enabler for product performance, quality assurance, and sustainability.
As…
More Releases for Energy
Green Renewable Energy Market Next Big Thing: Enphase Energy, Bloom Energy, Clea …
Advance Market Analytics published a new research publication on "Green Renewable Energy Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Green Renewable Energy market was mainly driven by the increasing R&D spending across the world.
Get inside Scoop of the…
Business Energy Solution Market Size in 2023 To 2029 | SSE Energy Solutions, BES …
The large-scale Business Energy Solution market report provides valuable insights for clients looking to forecast investments in emerging markets, expand market share, or launch new products. The report presents multifaceted Business Energy Solution market insights that are simplified using established tools and techniques, making it a credible marketing report. Data is presented in a clear and easy-to-understand manner, with graphs and charts to aid comprehension. The report employs integrated approaches…
Decentralized Energy Storage Market Is Booming Worldwide | Fuelcell Energy, Enph …
A new business intelligence report released by AMA with title "Decentralized Energy Storage Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Decentralized Energy Storage Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics…
Waste-To-Energy Technologies Market Top Growing Companies: Xcel Energy, Novo Ene …
Qurate Business Intelligence’s up-to-date research study on Waste-To-Energy Technologies was performed by highly qualified research professionals and industry experts. This is to provide an in-depth analysis on the Waste-To-Energy Technologies. The report is comprehensive and includes over 120 pages. The global energy market is witnessing a shift toward waste to energy technologies due to growing energy demands worldwide, the rapid depletion of conventional sources of energy, and concerns over…
Waste To Energy Market ||Novo Energy Ltd., Hitachi Zosen, Foster Wheeler A.G., S …
Zion Market Research published a new 110+ pages industry research "Global Waste to Energy Market Set For Rapid Growth, To Reach Value Around USD 42.74 Billion By 2024" is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on…
In-Pipe Hydro Systems Market | key player - Lucid Energy, Rentricity, Tecnoturbi …
Looking at the current market trends as well as the promising demand status of the “In-Pipe Hydro Systems Market” it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assisting…