Wave Power Generation Equipment Market Projected Surge at 21.1% CAGR by 2031 | C-Power, AW-Energy, Hann-Ocean

Los Angeles, United States - QY Research has unveiled its latest study titled "Global Wave Power Generation Equipment Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This newly released report delivers a comprehensive overview of the global Wave Power Generation Equipment market, analyzing the forces shaping its growth trajectory and providing valuable insights for stakeholders, investors, and industry professionals. the research covers key areas including market dynamics, segmentation, regional performance, competitive landscape, and emerging technology trends that are redefining industry standards. Backed by reliable data and expert analysis, the report serves as a trusted guide to understanding both microeconomic and macroeconomic factors driving market evolution.

The global market for Wave Power Generation Equipment was estimated to be worth US$ 44.9 million in 2024 and is forecast to a readjusted size of US$ 168 million by 2031 with a CAGR of 21.1% during the forecast period 2025-2031.

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This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Wave Power Generation Equipment cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Wave energy (or wave power) is the transport and capture of energy by ocean surface waves. The energy captured is then used for all different kinds of useful work, including electricity generation, water desalination, and pumping of water. Wave energy is also a type of renewable energy and is the largest estimated global resource form of ocean energy. The amount of power available in the movement of ocean waves has inspired many engineers to develop machines and devices to capture and use this free oceanic power. In certain parts of the world's oceans the amount of wave energy is vast, so the development of wave energy devices to exploit the the inherent oscillatory nature of ocean waves for electrical energy generation.

Waves have the potential to provide a completely sustainable source of energy, which can be captured and converted into electricity by wave power generation machines. These machines have been developed to extract energy from shoreline out to the deeper waters offshore including: attenuator, point absorber, oscillating wave surge converter, oscillating water column, overtopping/terminator device, submerged pressure differential, bulge wave etc.

Competitive Landscape: -

C-Power
AW-Energy
Hann-Ocean
AWS Ocean Energy
Bombora Wave Power
Wello
Oscilla Power
Mocean Energy
Wave Swell Energy
SINN Power
Ocean Power Technologies (OPT)
CorPower Ocean

The competitive landscape is a must-have information for the market players to withstand the competition present in the global Wave Power Generation Equipment market. This further helps the market participants to develop effective strategies to optimize their market positions. Moreover, the competitive analysis helps them to determine potential advantages as well as barriers within the global Wave Power Generation Equipment market. This way, they can monitor how their competitors are implementing various strategies including pricing, marketing, and distribution.

Market Drivers and Restraints -

This section of the Wave Power Generation Equipment report discusses various drivers and restrains that have shaped the global market. The detailed study of numerous drivers of the market enable readers to get a clear perspective of the market, which includes market environment, government policies, product innovations, breakthroughs, and market risks.

The research report also points out the myriad opportunities, challenges, and market barriers present in the global Wave Power Generation Equipment market. The comprehensive nature of the information will help the reader determine and plan strategies to benefit from. Restrains, challenges, and market barriers also help the reader to understand how the company can prevent itself from facing downfall.

Regional Insights -

The report takes readers on a journey through four key regions: United States, Asia-Pacific, and EMEA. Key nations like the United States, Germany, the United Kingdom, China, Japan, South Korea, and more are thoroughly examined. The data is presented in a timeline from 2024 as the base year, with projections extending to 2031.

North America: United States, Canada, Mexico

Latin America: Brazil and other key markets

Asia Pacific: China, Japan, South Korea, India, ASEAN countries

Europe, Middle East & Africa (EMEA): Major European economies, GCC countries, and African nations

The report provides a region-wise breakdown of market share, consumption trends, and future prospects.

Detailed of Wave Power Generation Equipment Market Segmentation -

The report offers great insights into important segments of the global Wave Power Generation Equipment market while concentrating on their CAGR, market size, market share, and future growth potential. The global Wave Power Generation Equipment market is mainly segmented according to type of product, application, and region. Each segment in these categories is extensively researched to become familiar with their growth prospects and key trends. Segmental analysis is highly important to identify key growth pockets of a global market. The report provides specific information on the market growth and demand of different products and applications to help players to focus on profitable areas of the global Wave Power Generation Equipment market.

Segmentation By Type :-

Attenuators
Point Absorbers
Oscillating Wave Surge Converters
Oscillating Water Columns
Others

Segmentation By Application -

Utility Grid
Industrial
Science and Research
Oil and Gas
Defense and Security
Others

This segmentation helps identify high-growth opportunities and niche segments for investors and businesses.

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Why This Report is a Must-Have -

ᗒ Historical Analysis (2020-2024) & Forecasts (2025-2031): Gain a clear understanding of market trends and future growth potential.

ᗒ Comprehensive Market Segmentation: Detailed breakdown by Type, Application, and Region to identify lucrative opportunities.

ᗒ Competitive Landscape: Insights into key players, their market share, and strategic developments like mergers, acquisitions, and expansion plans.

ᗒ Drivers & Restraints: Understand the factors shaping the market's growth and the challenges that could impact your strategy.

ᗒ Expert Opinions & Market Dynamics: Benefit from expert analysis to navigate market risks and capitalize on emerging trends.

Wave Power Generation Equipment Market Report Objectives -

(1) Analyzing the size of the global Wave Power Generation Equipment market on the basis of value and volume

(2) Accurately calculating the market shares, consumption, and other vital factors of different segments of the global Wave Power Generation Equipment market

(3) Exploring key dynamics of the global Wave Power Generation Equipment market

(4) Highlighting important trends of the global Wave Power Generation Equipment market in terms of production, revenue, and sales

(5) Deeply profiling top players of the global Wave Power Generation Equipment market and showing how they compete in the industry

(6) Studying manufacturing processes and costs, product pricing, and various trends related to them

(7) Showing the performance of different regions and countries in the global Wave Power Generation Equipment market

(8) Forecasting the market size and share of all segments, regions, and the global market.

Important Questions Answered included in the Report:-

(A) What is the market size and growth rate of the global and regional market by various segments?

(B) What is the market size and growth rate of the market for selective Countries?

(C) Which region or sub-segment is expected to drive the market in the forecast period?

(D) What factors are estimated to drive and restrain the market growth?

(E) What are the key technology and market trends shaping the market?

(F) what are the key opportunity in the market?

(G) Who are the leading manufacturers operating in the global Wave Power Generation Equipment market?

(H) Which key player accounted for the highest market share?

(I) What are the growth opportunities for the new entrants in the global Wave Power Generation Equipment market?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Wave Power Generation Equipment Product Introduction
1.2 Global Wave Power Generation Equipment Market Size Forecast
1.2.1 Global Wave Power Generation Equipment Sales Value (2020-2031)
1.2.2 Global Wave Power Generation Equipment Sales Volume (2020-2031)
1.2.3 Global Wave Power Generation Equipment Sales Price (2020-2031)
1.3 Wave Power Generation Equipment Market Trends & Drivers
1.3.1 Wave Power Generation Equipment Industry Trends
1.3.2 Wave Power Generation Equipment Market Drivers & Opportunity
1.3.3 Wave Power Generation Equipment Market Challenges
1.3.4 Wave Power Generation Equipment Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Wave Power Generation Equipment Players Revenue Ranking (2024)
2.2 Global Wave Power Generation Equipment Revenue by Company (2020-2025)
2.3 Global Wave Power Generation Equipment Players Sales Volume Ranking (2024)
2.4 Global Wave Power Generation Equipment Sales Volume by Company Players (2020-2025)
2.5 Global Wave Power Generation Equipment Average Price by Company (2020-2025)
2.6 Key Manufacturers Wave Power Generation Equipment Manufacturing Base and Headquarters
2.7 Key Manufacturers Wave Power Generation Equipment Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Wave Power Generation Equipment
2.9 Wave Power Generation Equipment Market Competitive Analysis
2.9.1 Wave Power Generation Equipment Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Wave Power Generation Equipment Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Wave Power Generation Equipment as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Attenuators
3.1.2 Point Absorbers
3.1.3 Oscillating Wave Surge Converters
3.1.4 Oscillating Water Columns
3.1.5 Others
3.2 Global Wave Power Generation Equipment Sales Value by Type
3.2.1 Global Wave Power Generation Equipment Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Wave Power Generation Equipment Sales Value, by Type (2020-2031)
3.2.3 Global Wave Power Generation Equipment Sales Value, by Type (%) (2020-2031)
3.3 Global Wave Power Generation Equipment Sales Volume by Type
3.3.1 Global Wave Power Generation Equipment Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Wave Power Generation Equipment Sales Volume, by Type (2020-2031)
3.3.3 Global Wave Power Generation Equipment Sales Volume, by Type (%) (2020-2031)
3.4 Global Wave Power Generation Equipment Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Utility Grid
4.1.2 Industrial
4.1.3 Science and Research
4.1.4 Oil and Gas
4.1.5 Defense and Security
4.1.6 Others
4.2 Global Wave Power Generation Equipment Sales Value by Application
4.2.1 Global Wave Power Generation Equipment Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Wave Power Generation Equipment Sales Value, by Application (2020-2031)
4.2.3 Global Wave Power Generation Equipment Sales Value, by Application (%) (2020-2031)
4.3 Global Wave Power Generation Equipment Sales Volume by Application
4.3.1 Global Wave Power Generation Equipment Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Wave Power Generation Equipment Sales Volume, by Application (2020-2031)
4.3.3 Global Wave Power Generation Equipment Sales Volume, by Application (%) (2020-2031)
4.4 Global Wave Power Generation Equipment Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Wave Power Generation Equipment Sales Value by Region
5.1.1 Global Wave Power Generation Equipment Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Wave Power Generation Equipment Sales Value by Region (2020-2025)
5.1.3 Global Wave Power Generation Equipment Sales Value by Region (2026-2031)
5.1.4 Global Wave Power Generation Equipment Sales Value by Region (%), (2020-2031)
5.2 Global Wave Power Generation Equipment Sales Volume by Region
5.2.1 Global Wave Power Generation Equipment Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Wave Power Generation Equipment Sales Volume by Region (2020-2025)
5.2.3 Global Wave Power Generation Equipment Sales Volume by Region (2026-2031)
5.2.4 Global Wave Power Generation Equipment Sales Volume by Region (%), (2020-2031)
5.3 Global Wave Power Generation Equipment Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Wave Power Generation Equipment Sales Value, 2020-2031
5.4.2 North America Wave Power Generation Equipment Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Wave Power Generation Equipment Sales Value, 2020-2031
5.5.2 Europe Wave Power Generation Equipment Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Wave Power Generation Equipment Sales Value, 2020-2031
5.6.2 Asia Pacific Wave Power Generation Equipment Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Wave Power Generation Equipment Sales Value, 2020-2031
5.7.2 South America Wave Power Generation Equipment Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Wave Power Generation Equipment Sales Value, 2020-2031
5.8.2 Middle East & Africa Wave Power Generation Equipment Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Wave Power Generation Equipment Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Wave Power Generation Equipment Sales Value and Sales Volume
6.2.1 Key Countries/Regions Wave Power Generation Equipment Sales Value, 2020-2031
6.2.2 Key Countries/Regions Wave Power Generation Equipment Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Wave Power Generation Equipment Sales Value, 2020-2031
6.3.2 United States Wave Power Generation Equipment Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Wave Power Generation Equipment Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Wave Power Generation Equipment Sales Value, 2020-2031
6.4.2 Europe Wave Power Generation Equipment Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Wave Power Generation Equipment Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Wave Power Generation Equipment Sales Value, 2020-2031
6.5.2 China Wave Power Generation Equipment Sales Value by Type (%), 2024 VS 2031
6.5.3 China Wave Power Generation Equipment Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Wave Power Generation Equipment Sales Value, 2020-2031
6.6.2 Japan Wave Power Generation Equipment Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Wave Power Generation Equipment Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Wave Power Generation Equipment Sales Value, 2020-2031
6.7.2 South Korea Wave Power Generation Equipment Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Wave Power Generation Equipment Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Wave Power Generation Equipment Sales Value, 2020-2031
6.8.2 Southeast Asia Wave Power Generation Equipment Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Wave Power Generation Equipment Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Wave Power Generation Equipment Sales Value, 2020-2031
6.9.2 India Wave Power Generation Equipment Sales Value by Type (%), 2024 VS 2031
6.9.3 India Wave Power Generation Equipment Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 C-Power
7.1.1 C-Power Company Information
7.1.2 C-Power Introduction and Business Overview
7.1.3 C-Power Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 C-Power Wave Power Generation Equipment Product Offerings
7.1.5 C-Power Recent Development
7.2 AW-Energy
7.2.1 AW-Energy Company Information
7.2.2 AW-Energy Introduction and Business Overview
7.2.3 AW-Energy Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 AW-Energy Wave Power Generation Equipment Product Offerings
7.2.5 AW-Energy Recent Development
7.3 Hann-Ocean
7.3.1 Hann-Ocean Company Information
7.3.2 Hann-Ocean Introduction and Business Overview
7.3.3 Hann-Ocean Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Hann-Ocean Wave Power Generation Equipment Product Offerings
7.3.5 Hann-Ocean Recent Development
7.4 AWS Ocean Energy
7.4.1 AWS Ocean Energy Company Information
7.4.2 AWS Ocean Energy Introduction and Business Overview
7.4.3 AWS Ocean Energy Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 AWS Ocean Energy Wave Power Generation Equipment Product Offerings
7.4.5 AWS Ocean Energy Recent Development
7.5 Bombora Wave Power
7.5.1 Bombora Wave Power Company Information
7.5.2 Bombora Wave Power Introduction and Business Overview
7.5.3 Bombora Wave Power Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Bombora Wave Power Wave Power Generation Equipment Product Offerings
7.5.5 Bombora Wave Power Recent Development
7.6 Wello
7.6.1 Wello Company Information
7.6.2 Wello Introduction and Business Overview
7.6.3 Wello Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Wello Wave Power Generation Equipment Product Offerings
7.6.5 Wello Recent Development
7.7 Oscilla Power
7.7.1 Oscilla Power Company Information
7.7.2 Oscilla Power Introduction and Business Overview
7.7.3 Oscilla Power Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Oscilla Power Wave Power Generation Equipment Product Offerings
7.7.5 Oscilla Power Recent Development
7.8 Mocean Energy
7.8.1 Mocean Energy Company Information
7.8.2 Mocean Energy Introduction and Business Overview
7.8.3 Mocean Energy Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Mocean Energy Wave Power Generation Equipment Product Offerings
7.8.5 Mocean Energy Recent Development
7.9 Wave Swell Energy
7.9.1 Wave Swell Energy Company Information
7.9.2 Wave Swell Energy Introduction and Business Overview
7.9.3 Wave Swell Energy Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Wave Swell Energy Wave Power Generation Equipment Product Offerings
7.9.5 Wave Swell Energy Recent Development
7.10 SINN Power
7.10.1 SINN Power Company Information
7.10.2 SINN Power Introduction and Business Overview
7.10.3 SINN Power Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 SINN Power Wave Power Generation Equipment Product Offerings
7.10.5 SINN Power Recent Development
7.11 Ocean Power Technologies (OPT)
7.11.1 Ocean Power Technologies (OPT) Company Information
7.11.2 Ocean Power Technologies (OPT) Introduction and Business Overview
7.11.3 Ocean Power Technologies (OPT) Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Ocean Power Technologies (OPT) Wave Power Generation Equipment Product Offerings
7.11.5 Ocean Power Technologies (OPT) Recent Development
7.12 CorPower Ocean
7.12.1 CorPower Ocean Company Information
7.12.2 CorPower Ocean Introduction and Business Overview
7.12.3 CorPower Ocean Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 CorPower Ocean Wave Power Generation Equipment Product Offerings
7.12.5 CorPower Ocean Recent Development
8 Industry Chain Analysis
8.1 Wave Power Generation Equipment Industrial Chain
8.2 Wave Power Generation Equipment Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Wave Power Generation Equipment Sales Model
8.5.2 Sales Channel
8.5.3 Wave Power Generation Equipment Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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