Market Overview:
The global ocean current energy electric generator 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 clean and renewable energy sources across the globe. In addition, growing concerns over climate change and its impact on the environment are also propelling the demand for ocean current energy electric generators. The global ocean current energy electric generator market is segmented on the basis of type, application, and region. On the basis of type, it is divided into horizontal shaft generators and vertical shaft generators. By application, it is classified into industrial power generation, commercial power generation, and other applications such as desalination plants or aquaculture farms etc. Region-wise, it covers North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China), Middle East & Africa (Saudi Arabia).
Product Definition:
An ocean current electric generator is a device that uses the kinetic energy of moving ocean water to generate electricity. This technology has the potential to provide a significant amount of renewable energy, and its importance lies in its ability to help reduce our dependence on fossil fuels.
Horizontal Shaft Generator:
Horizontal shaft generators (HGPs) are used to convert the vertical movement of water into electrical energy. They are mainly used in Ocean Current Energy Electric Generators (OCEGs). The growing demand for electricity on account of rapid urbanization and industrialization is expected to have a positive impact on the market over the forecast period. Horizontal shaft generators find their application in both offshore and coastal sites where there is a need for continuous power supply owing to high maintenance activities at these locations.
Vertical Shaft Generator:
Vertical shaft generators (VSG) are used in Ocean Current Energy Electric Generators (OCEGs) to convert the ocean water or other fluid into electrical energy. The generated electricity is further utilized for charging batteries and producing current that can be used by other equipment.
The global market for vertical shaft generators is expected to witness significant growth over the forecast period owing to increasing demand from countries such as Japan, China, South Korea, Australia & New Zealand along with U.
Application Insights:
The other application segment includes the use of currents for power generation in water treatment, industrial applications, and domestic applications. The commercial power generation segment accounted for the largest market share in 2017 owing to increasing demand from countries such as China Japan India and others.
Industrial power generation is expected to be one of the fastest-growing segments over the forecast period owing to factors such as government support for developing nations that have offshore wind energy resources along with strong onshore capabilities. Offshore wind energy is a relatively expensive form of electricity production compared to its land based counterparts therefore it has been largely concentrated within nations that have large onshore capabilities (such as Canada USA and Mexico).
Regional Analysis:
The Asia Pacific accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has a well-established power generation sector, which makes it an attractive market for investors. China is estimated to be the key country in this region owing to its large population and industrial sector. Moreover, India's economy is projected to witness significant growth over the coming years due to increasing investments in various sectors such as manufacturing, construction, transportation & warehousing, etc., thereby driving industry expansion rates positively.
North America was one of the prominent regions that accounted for a significant revenue share in 2017 owing with presence of developed economies such as U.S., Canada and Mexico that are characterized by high industrial output coupled with large consumer base along with advanced power generation infrastructure network across these countries which results into higher penetration rate of current energy electric generator products than other regions globally.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government policies and regulations supporting renewable energy sources
- Rising prices of traditional fuels such as coal, oil, and natural gas
- Technological advancements in ocean current energy electric generators
- Growing awareness about the benefits of using renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Ocean Current Energy Electric Generator Market Research Report
By Type
Horizontal Shaft Generator, Vertical Shaft Generator
By Application
Industrial Power Generation, Commercial Power Generation, Other
By Companies
Marine Current Turbines, Pelamis Wave Power, Carnegie Wave Energy, Aquamarine Power, Aquagen Technologies, Ocean Power Technologies, Ocean Renewable Power Company, S.D.E. Energy, Tenax Energy, Atlantis Resources
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Ocean Current Energy Electric Generator Market Report Segments:
The global Ocean Current Energy Electric Generator market is segmented on the basis of:
Types
Horizontal Shaft Generator, Vertical Shaft Generator
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
Industrial Power Generation, Commercial Power Generation, Other
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:
- Marine Current Turbines
- Pelamis Wave Power
- Carnegie Wave Energy
- Aquamarine Power
- Aquagen Technologies
- Ocean Power Technologies
- Ocean Renewable Power Company
- S.D.E. Energy
- Tenax Energy
- Atlantis Resources
Highlights of The Ocean Current Energy Electric Generator 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:
- Horizontal Shaft Generator
- Vertical Shaft Generator
- By Application:
- Industrial Power Generation
- Commercial Power Generation
- Other
- 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 Ocean Current Energy Electric Generator 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?
Ocean current energy electric generators are a type of renewable energy generator that uses the power of ocean currents to generate electricity. These generators use an array of rotating blades or paddles to create a flow of water through a turbine, which in turn creates electricity.
Some of the key players operating in the ocean current energy electric generator market are Marine Current Turbines, Pelamis Wave Power, Carnegie Wave Energy, Aquamarine Power, Aquagen Technologies, Ocean Power Technologies, Ocean Renewable Power Company, S.D.E. Energy, Tenax Energy, Atlantis Resources.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ocean Current Energy Electric Generator 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. Ocean Current Energy Electric Generator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ocean Current Energy Electric Generator Market - Supply Chain
4.5. Global Ocean Current Energy Electric Generator Market Forecast
4.5.1. Ocean Current Energy Electric Generator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ocean Current Energy Electric Generator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ocean Current Energy Electric Generator Market Absolute $ Opportunity
5. Global Ocean Current Energy Electric Generator 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. Ocean Current Energy Electric Generator Market Size and Volume Forecast by Type
5.3.1. Horizontal Shaft Generator
5.3.2. Vertical Shaft Generator
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ocean Current Energy Electric Generator 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. Ocean Current Energy Electric Generator Market Size and Volume Forecast by Application
6.3.1. Industrial Power Generation
6.3.2. Commercial Power Generation
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ocean Current Energy Electric Generator 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. Ocean Current Energy Electric Generator 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 Ocean Current Energy Electric Generator 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. Ocean Current Energy Electric Generator 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 Ocean Current Energy Electric Generator Demand Share Forecast, 2019-2026
9. North America Ocean Current Energy Electric Generator 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 Ocean Current Energy Electric Generator 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 Ocean Current Energy Electric Generator Market Size and Volume Forecast by Application
9.4.1. Industrial Power Generation
9.4.2. Commercial Power Generation
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ocean Current Energy Electric Generator Market Size and Volume Forecast by Type
9.7.1. Horizontal Shaft Generator
9.7.2. Vertical Shaft Generator
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 Ocean Current Energy Electric Generator Demand Share Forecast, 2019-2026
10. Latin America Ocean Current Energy Electric Generator 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 Ocean Current Energy Electric Generator 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 Ocean Current Energy Electric Generator Market Size and Volume Forecast by Application
10.4.1. Industrial Power Generation
10.4.2. Commercial Power Generation
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ocean Current Energy Electric Generator Market Size and Volume Forecast by Type
10.7.1. Horizontal Shaft Generator
10.7.2. Vertical Shaft Generator
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 Ocean Current Energy Electric Generator Demand Share Forecast, 2019-2026
11. Europe Ocean Current Energy Electric Generator 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 Ocean Current Energy Electric Generator 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 Ocean Current Energy Electric Generator Market Size and Volume Forecast by Application
11.4.1. Industrial Power Generation
11.4.2. Commercial Power Generation
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ocean Current Energy Electric Generator Market Size and Volume Forecast by Type
11.7.1. Horizonal Shaft Generator
11.7.2. Vertical Shaft Generator
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 Ocean Current Energy Electric Generator Demand Share, 2019-2026
12. Asia Pacific Ocean Current Energy Electric Generator 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 Ocean Current Energy Electric Generator 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 Ocean Current Energy Electric Generator Market Size and Volume Forecast by Application
12.4.1. Industrial Power Generation
12.4.2. Commercial Power Generation
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ocean Current Energy Electric Generator Market Size and Volume Forecast by Type
12.7.1. Horizontal Shaft Generator
12.7.2. Vertical Shaft Generator
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 Ocean Current Energy Electric Generator Demand Share, 2019-2026
13. Middle East & Africa Ocean Current Energy Electric Generator 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 Ocean Current Energy Electric Generator 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 Ocean Current Energy Electric Generator Market Size and Volume Forecast by Application
13.4.1. Industrial Power Generation
13.4.2. Commercial Power Generation
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ocean Current Energy Electric Generator Market Size and Volume Forecast by Type
13.7.1. Horizontal Shaft Generator
13.7.2. Vertical Shaft Generator
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 Ocean Current Energy Electric Generator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ocean Current Energy Electric Generator Market: Market Share Analysis
14.2. Ocean Current Energy Electric Generator Distributors and Customers
14.3. Ocean Current Energy Electric Generator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Marine Current Turbines
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Pelamis Wave Power
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Carnegie Wave Energy
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Aquamarine Power
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Aquagen Technologies
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ocean Power Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ocean Renewable Power Company
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. S.D.E. Energy
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tenax Energy
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Atlantis Resources
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
