Market Overview:
The global hydrokinetic converters market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources across the globe. Hydrokinetic converters are devices that convert kinetic energy of flowing water into electrical energy. These devices are used in utility-scale and small-scale applications, onshore and offshore. The global hydrokinetic converters market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into utility-scale and small-scale. Utility-scale hydrokinetic converters are larger in size as compared to small-scale ones and are used for generating large amounts of electricity. On the basis of application, the market is divided into onshore and offshore applications.
Product Definition:
Hydrokinetic Converters are devices which convert the kinetic energy of flowing water into electrical energy. They are important because they can help to provide a renewable source of electrical power.
Utility-Scale :
Utility-scale is the term used for referring to a power plant of sizes greater than 10 MW. It is also referred to as large scale or supercritical thermal power plants. Utility-scale power plants are generally built near a source of water, such as a river, lake or reservoir and utilize the kinetic energy present in that water body to generate electricity. The U.S.
Small-Scale:
Small-scale technology is used to convert the energy from moving water into electricity. It can be used in both, large and small hydrokinetic converters. Small-scale devices are usually less than 10 MW capacity and are most suitable for decentralized power generation applications in rural areas of developing countries where there is a dearth of grid connections.
Application Insights:
Onshore application dominated the global hydrokinetic converters market in 2017, accounting for over 75% of the revenue share. The segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to rising demand for electricity generation from large-scale hydropower projects across various regions coupled with growing industrialization and urbanization in emerging economies including China, India and Brazil.
Offshore application is projected to witness significant growth during the forecast period owing to increasing demand for energy production from marine sources such as tidal mills and waves along with wind turbines.
Regional Analysis:
Europe accounted for the largest market share of over 35% in 2017. The presence of a large number of hydrokinetic converter manufacturers and favorable government policies are some factors driving the regional market growth. For instance, in 2015, Denmark based company Orsted received approval from European Commission to develop offshore wind farms off the coast of Denmark. This will lead to an increase in offshore hydrokinetic energy projects across Europe over the coming years which is expected to drive industry demand across this region.
Asia Pacific is anticipated to be one of the fastest-growing regions owing to increasing focus on renewable energy sources for electricity generation coupled with growing industrialization and rapid economic development especially in China and India which are amongst top 10 global oil & gas producing countries as well as major importers respectively globally (IMF). Increasing investments by these countries along with other developing nations such as Indonesia, Malaysia Philippines, Vietnam Thailand etc.
Growth Factors:
- Increasing demand for clean and renewable energy sources across the globe is expected to drive the growth of hydrokinetic converters market over the forecast period.
- Growing awareness about benefits of using renewable energy sources is anticipated to boost the demand for hydrokinetic converters in near future.
- Rapid industrialization and urbanization in emerging economies are projected to create lucrative opportunities for hydrokinetic converter manufacturers in coming years.
- Stringent government regulations towards use of clean and renewable energy is likely to propel the growth of global Hydrokinetic Converters market over forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrokinetic Converters Market Research Report
By Type
Utility-Scale , Small-Scale
By Application
Onshore, Offshore
By Companies
ABB, HOMER Energy, Hydrokinetic Energy Corp., Hydro-Quebec, NREL, Norweco, Sigma Design, Hydrokinetics, LLC.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Hydrokinetic Converters Market Report Segments:
The global Hydrokinetic Converters market is segmented on the basis of:
Types
Utility-Scale , Small-Scale
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore, Offshore
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- HOMER Energy
- Hydrokinetic Energy Corp.
- Hydro-Quebec
- NREL
- Norweco
- Sigma Design
- Hydrokinetics, LLC.
Highlights of The Hydrokinetic Converters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Utility-ScaleÂ
- Small-Scale
- By Application:
- Onshore
- Offshore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydrokinetic Converters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hydrokinetic converters are devices that use the power of water to convert mechanical energy into electrical energy. They are used in a variety of applications, including marine propulsion, renewable energy generation, and waste treatment.
Some of the major companies in the hydrokinetic converters market are ABB, HOMER Energy, Hydrokinetic‚Â Energy Corp., Hydro-Quebec, NREL, Norweco, Sigma Design, Hydrokinetics, LLC..
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hydrokinetic Converters Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hydrokinetic Converters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hydrokinetic Converters Market - Supply Chain
4.5. Global Hydrokinetic Converters Market Forecast
4.5.1. Hydrokinetic Converters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hydrokinetic Converters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hydrokinetic Converters Market Absolute $ Opportunity
5. Global Hydrokinetic Converters Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hydrokinetic Converters Market Size and Volume Forecast by Type
5.3.1. Utility-Scale
5.3.2. Small-Scale
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hydrokinetic Converters Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hydrokinetic Converters Market Size and Volume Forecast by Application
6.3.1. Onshore
6.3.2. Offshore
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hydrokinetic Converters Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hydrokinetic Converters Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hydrokinetic Converters Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hydrokinetic Converters Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hydrokinetic Converters Demand Share Forecast, 2019-2026
9. North America Hydrokinetic Converters Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hydrokinetic Converters Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hydrokinetic Converters Market Size and Volume Forecast by Application
9.4.1. Onshore
9.4.2. Offshore
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hydrokinetic Converters Market Size and Volume Forecast by Type
9.7.1. Utility-Scale
9.7.2. Small-Scale
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hydrokinetic Converters Demand Share Forecast, 2019-2026
10. Latin America Hydrokinetic Converters Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hydrokinetic Converters Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hydrokinetic Converters Market Size and Volume Forecast by Application
10.4.1. Onshore
10.4.2. Offshore
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hydrokinetic Converters Market Size and Volume Forecast by Type
10.7.1. Utility-Scale
10.7.2. Small-Scale
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hydrokinetic Converters Demand Share Forecast, 2019-2026
11. Europe Hydrokinetic Converters Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hydrokinetic Converters Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hydrokinetic Converters Market Size and Volume Forecast by Application
11.4.1. Onshore
11.4.2. Offshore
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hydrokinetic Converters Market Size and Volume Forecast by Type
11.7.1. Utility-Scale
11.7.2. Small-Scale
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hydrokinetic Converters Demand Share, 2019-2026
12. Asia Pacific Hydrokinetic Converters Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hydrokinetic Converters Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hydrokinetic Converters Market Size and Volume Forecast by Application
12.4.1. Onshore
12.4.2. Offshore
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hydrokinetic Converters Market Size and Volume Forecast by Type
12.7.1. Utility-Scale
12.7.2. Small-Scale
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hydrokinetic Converters Demand Share, 2019-2026
13. Middle East & Africa Hydrokinetic Converters Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hydrokinetic Converters Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hydrokinetic Converters Market Size and Volume Forecast by Application
13.4.1. Onshore
13.4.2. Offshore
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hydrokinetic Converters Market Size and Volume Forecast by Type
13.7.1. Utility-Scale
13.7.2. Small-Scale
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hydrokinetic Converters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hydrokinetic Converters Market: Market Share Analysis
14.2. Hydrokinetic Converters Distributors and Customers
14.3. Hydrokinetic Converters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. HOMER Energy
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hydrokinetic Energy Corp.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hydro-Quebec
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NREL
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Norweco
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sigma Design
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hydrokinetics, LLC.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook