Wave Power Generation Technology Market 2022: Industry Size, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2028
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This report aims to provide a comprehensive presentation of the global market for Wave Power Generation Technology study by Market Intellix gives insights concerning the market elements influencing the market, Market scope, Market division, and overlays shadow upon the leading market players featuring the positive cutthroat scene and patterns beating the years.
Global Wave Power Generation Technology Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Wave Power Generation Technology Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Wave Power Generation Technology companies in 2021 (%)
The global Wave Power Generation Technology market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Pneumatic Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Wave Power Generation Technology include OceanEnergy, CorPower Ocean, Ocean Power Technologies, Bombora Wave Power, Eco Wave Power, Havkraft, Wello Oy, Pelamis Wave Power and Oscilla Power, Inc, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
The study provides the Wave Power Generation Technology manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Segmental Outline:
Global Wave Power Generation Technology Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Wave Power Generation Technology Market Segment Percentages, by Type, 2021 (%)
Pneumatic
Hydraulic
Reservoir
Global Wave Power Generation Technology Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Wave Power Generation Technology Market Segment Percentages, by Application, 2021 (%)
Land
Ocean
Global Wave Power Generation Technology Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Wave Power Generation Technology Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Wave Power Generation Technology revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Wave Power Generation Technology revenues share in global market, 2021 (%)
Key companies Wave Power Generation Technology sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Wave Power Generation Technology sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
OceanEnergy
CorPower Ocean
Ocean Power Technologies
Bombora Wave Power
Eco Wave Power
Havkraft
Wello Oy
Pelamis Wave Power
Oscilla Power, Inc
CorPower Ocean AB
Marine Power Systems Ltd
Waves4Power
Wave for Energy Srl
Hann-Ocean Technology
CorPower
This Report Addresses:
– Market Intelligence enables effective decision-making
– Market estimates and forecasts from 2022 to 2028
– Growth opportunities and trend analysis
– Segment and regional revenue forecast for market evaluation
– Competitive strategy and analysis of market segments
– List of product innovations to stay on top.
– The impact of COVID-19 and how to survive in these fast-growing markets.
1 Introduction to Research & Analysis Reports
1.1 Wave Power Generation Technology Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Wave Power Generation Technology Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Wave Power Generation Technology Overall Market Size
2.1 Global Wave Power Generation Technology Market Size: 2021 VS 2028
2.2 Global Wave Power Generation Technology Revenue, Prospects & Forecasts: 2017-2028
2.3 Global Wave Power Generation Technology Sales: 2017-2028
3 Company Landscape
3.1 Top Wave Power Generation Technology Players in Global Market
3.2 Top Global Wave Power Generation Technology Companies Ranked by Revenue
3.3 Global Wave Power Generation Technology Revenue by Companies
3.4 Global Wave Power Generation Technology Sales by Companies
3.5 Global Wave Power Generation Technology Price by Manufacturer (2017-2022)
3.6 Top 3 and Top 5 Wave Power Generation Technology Companies in Global Market, by Revenue in 2021
3.7 Global Manufacturers Wave Power Generation Technology Product Type
3.8 Tier 1, Tier 2 and Tier 3 Wave Power Generation Technology Players in Global Market
3.8.1 List of Global Tier 1 Wave Power Generation Technology Companies
3.8.2 List of Global Tier 2 and Tier 3 Wave Power Generation Technology Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Wave Power Generation Technology Market Size Markets, 2021 & 2028
4.1.2 Pneumatic
4.1.3 Hydraulic
4.1.4 Reservoir
4.2 By Type - Global Wave Power Generation Technology Revenue & Forecasts
4.2.1 By Type - Global Wave Power Generation Technology Revenue, 2017-2022
4.2.2 By Type - Global Wave Power Generation Technology Revenue, 2023-2028
4.2.3 By Type - Global Wave Power Generation Technology Revenue Market Share, 2017-2028
4.3 By Type - Global Wave Power Generation Technology Sales & Forecasts
4.3.1 By Type - Global Wave Power Generation Technology Sales, 2017-2022
4.3.2 By Type - Global Wave Power Generation Technology Sales, 2023-2028
4.3.3 By Type - Global Wave Power Generation Technology Sales Market Share, 2017-2028
4.4 By Type - Global Wave Power Generation Technology Price (Manufacturers Selling Prices), 2017-2028
5 Sights By Application
5.1 Overview
5.1.1 By Application - Global Wave Power Generation Technology Market Size, 2021 & 2028
5.1.2 Land
5.1.3 Ocean
5.2 By Application - Global Wave Power Generation Technology Revenue & Forecasts
5.2.1 By Application - Global Wave Power Generation Technology Revenue, 2017-2022
5.2.2 By Application - Global Wave Power Generation Technology Revenue, 2023-2028
5.2.3 By Application - Global Wave Power Generation Technology Revenue Market Share, 2017-2028
5.3 By Application - Global Wave Power Generation Technology Sales & Forecasts
5.3.1 By Application - Global Wave Power Generation Technology Sales, 2017-2022
5.3.2 By Application - Global Wave Power Generation Technology Sales, 2023-2028
5.3.3 By Application - Global Wave Power Generation Technology Sales Market Share, 2017-2028
5.4 By Application - Global Wave Power Generation Technology Price (Manufacturers Selling Prices), 2017-2028
6 Sights by Region
6.1 By Region - Global Wave Power Generation Technology Market Size, 2021 & 2028
6.2 By Region - Global Wave Power Generation Technology Revenue & Forecasts
6.2.1 By Region - Global Wave Power Generation Technology Revenue, 2017-2022
6.2.2 By Region - Global Wave Power Generation Technology Revenue, 2023-2028
6.2.3 By Region - Global Wave Power Generation Technology Revenue Market Share, 2017-2028
6.3 By Region - Global Wave Power Generation Technology Sales & Forecasts
6.3.1 By Region - Global Wave Power Generation Technology Sales, 2017-2022
6.3.2 By Region - Global Wave Power Generation Technology Sales, 2023-2028
6.3.3 By Region - Global Wave Power Generation Technology Sales Market Share, 2017-2028
6.4 North America
6.4.1 By Country - North America Wave Power Generation Technology Revenue, 2017-2028
6.4.2 By Country - North America Wave Power Generation Technology Sales, 2017-2028
6.4.3 US Wave Power Generation Technology Market Size, 2017-2028
6.4.4 Canada Wave Power Generation Technology Market Size, 2017-2028
6.4.5 Mexico Wave Power Generation Technology Market Size, 2017-2028
6.5 Europe
6.5.1 By Country - Europe Wave Power Generation Technology Revenue, 2017-2028
6.5.2 By Country - Europe Wave Power Generation Technology Sales, 2017-2028
6.5.3 Germany Wave Power Generation Technology Market Size, 2017-2028
6.5.4 France Wave Power Generation Technology Market Size, 2017-2028
6.5.5 U.K. Wave Power Generation Technology Market Size, 2017-2028
6.5.6 Italy Wave Power Generation Technology Market Size, 2017-2028
6.5.7 Russia Wave Power Generation Technology Market Size, 2017-2028
6.5.8 Nordic Countries Wave Power Generation Technology Market Size, 2017-2028
6.5.9 Benelux Wave Power Generation Technology Market Size, 2017-2028
6.6 Asia
6.6.1 By Region - Asia Wave Power Generation Technology Revenue, 2017-2028
6.6.2 By Region - Asia Wave Power Generation Technology Sales, 2017-2028
6.6.3 China Wave Power Generation Technology Market Size, 2017-2028
6.6.4 Japan Wave Power Generation Technology Market Size, 2017-2028
6.6.5 South Korea Wave Power Generation Technology Market Size, 2017-2028
6.6.6 Southeast Asia Wave Power Generation Technology Market Size, 2017-2028
6.6.7 India Wave Power Generation Technology Market Size, 2017-2028
6.7 South America
6.7.1 By Country - South America Wave Power Generation Technology Revenue, 2017-2028
6.7.2 By Country - South America Wave Power Generation Technology Sales, 2017-2028
6.7.3 Brazil Wave Power Generation Technology Market Size, 2017-2028
6.7.4 Argentina Wave Power Generation Technology Market Size, 2017-2028
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa Wave Power Generation Technology Revenue, 2017-2028
6.8.2 By Country - Middle East & Africa Wave Power Generation Technology Sales, 2017-2028
6.8.3 Turkey Wave Power Generation Technology Market Size, 2017-2028
6.8.4 Israel Wave Power Generation Technology Market Size, 2017-2028
6.8.5 Saudi Arabia Wave Power Generation Technology Market Size, 2017-2028
6.8.6 UAE Wave Power Generation Technology Market Size, 2017-2028
7 Manufacturers & Brands Profiles
7.1 OceanEnergy
7.1.1 OceanEnergy Corporate Summary
7.1.2 OceanEnergy Business Overview
7.1.3 OceanEnergy Wave Power Generation Technology Major Product Offerings
7.1.4 OceanEnergy Wave Power Generation Technology Sales and Revenue in Global (2017-2022)
7.1.5 OceanEnergy Key News
7.2 CorPower Ocean
7.2.1 CorPower Ocean Corporate Summary
7.2.2 CorPower Ocean Business Overview
7.2.3 CorPower Ocean Wave Power Generation Technology Major Product Offerings
7.2.4 CorPower Ocean Wave Power Generation Technology Sales and Revenue in Global (2017-2022)
7.2.5 CorPower Ocean Key News
7.3 Ocean Power Technologies
7.3.1 Ocean Power Technologies Corporate Summary
7.3.2 Ocean Power Technologies Business Overview
7.3.3 Ocean Power Technologies Wave Power Generation Technology Major Product Offerings
7.3.4 Ocean Power Technologies Wave Power Generation Technology Sales and Revenue in Global (2017-2022)
7.3.5 Ocean Power Technologies Key News
7.4 Bombora Wave Power
7.4.1 Bombora Wave Power Corporate Summary
7.4.2 Bombora Wave Power Business Overview
7.4.3 Bombora Wave Power Wave Power Generation Technology Major Product Offerings
7.4.4 Bombora Wave Power Wave Power Generation Technology Sales and Revenue in Global (2017-2022)
7.4.5 Bombora Wave Power Key News
7.5 Eco Wave Power
7.5.1 Eco Wave Power Corporate Summary
7.5.2 Eco Wave Power Business Overview
7.5.3 Eco Wave Power Wave Power Generation Technology Major Product Offerings
7.5.4 Eco Wave Power Wave Power Generation Technology Sales and Revenue in Global (2017-2022)
7.5.5 Eco Wave Power Key News
7.6 Havkraft
7.6.1 Havkraft Corporate Summary
7.6.2 Havkraft Business Overview
7.6.3 Havkraft Wave Power Generation Technology Major Product Offerings
7.6.4 Havkraft Wave Power Generation Technology Sales and Revenue in Global (2017-2022)
7.6.5 Havkraft Key News
7.7 Wello Oy
7.7.1 Wello Oy Corporate Summary
7.7.2 Wello Oy Business Overview
7.7.3 Wello Oy Wave Power Generation Technology Major Product Offerings
7.7.4 Wello Oy Wave Power Generation Technology Sales and Revenue in Global (2017-2022)
7.7.5 Wello Oy Key News
7.8 Pelamis Wave Power
7.8.1 Pelamis Wave Power Corporate Summary
7.8.2 Pelamis Wave Power Business Overview
7.8.3 Pelamis Wave Power Wave Power Generation Technology Major Product Offerings
7.8.4 Pelamis Wave Power Wave Power Generation Technology Sales and Revenue in Global (2017-2022)
7.8.5 Pelamis Wave Power Key News
7.9 Oscilla Power, Inc
7.9.1 Oscilla Power, Inc Corporate Summary
7.9.2 Oscilla Power, Inc Business Overview
7.9.3 Oscilla Power, Inc Wave Power Generation Technology Major Product Offerings
7.9.4 Oscilla Power, Inc Wave Power Generation Technology Sales and Revenue in Global (2017-2022)
7.9.5 Oscilla Power, Inc Key News
7.10 CorPower Ocean AB
7.10.1 CorPower Ocean AB Corporate Summary
7.10.2 CorPower Ocean AB Business Overview
7.10.3 CorPower Ocean AB Wave Power Generation Technology Major Product Offerings
7.10.4 CorPower Ocean AB Wave Power Generation Technology Sales and Revenue in Global (2017-2022)
7.10.5 CorPower Ocean AB Key News
7.11 Marine Power Systems Ltd
7.11.1 Marine Power Systems Ltd Corporate Summary
7.11.2 Marine Power Systems Ltd Wave Power Generation Technology Business Overview
7.11.3 Marine Power Systems Ltd Wave Power Generation Technology Major Product Offerings
7.11.4 Marine Power Systems Ltd Wave Power Generation Technology Sales and Revenue in Global (2017-2022)
7.11.5 Marine Power Systems Ltd Key News
7.12 Waves4Power
7.12.1 Waves4Power Corporate Summary
7.12.2 Waves4Power Wave Power Generation Technology Business Overview
7.12.3 Waves4Power Wave Power Generation Technology Major Product Offerings
7.12.4 Waves4Power Wave Power Generation Technology Sales and Revenue in Global (2017-2022)
7.12.5 Waves4Power Key News
7.13 Wave for Energy Srl
7.13.1 Wave for Energy Srl Corporate Summary
7.13.2 Wave for Energy Srl Wave Power Generation Technology Business Overview
7.13.3 Wave for Energy Srl Wave Power Generation Technology Major Product Offerings
7.13.4 Wave for Energy Srl Wave Power Generation Technology Sales and Revenue in Global (2017-2022)
7.13.5 Wave for Energy Srl Key News
7.14 Hann-Ocean Technology
7.14.1 Hann-Ocean Technology Corporate Summary
7.14.2 Hann-Ocean Technology Business Overview
7.14.3 Hann-Ocean Technology Wave Power Generation Technology Major Product Offerings
7.14.4 Hann-Ocean Technology Wave Power Generation Technology Sales and Revenue in Global (2017-2022)
7.14.5 Hann-Ocean Technology Key News
7.15 CorPower
7.15.1 CorPower Corporate Summary
7.15.2 CorPower Business Overview
7.15.3 CorPower Wave Power Generation Technology Major Product Offerings
7.15.4 CorPower Wave Power Generation Technology Sales and Revenue in Global (2017-2022)
7.15.5 CorPower Key News
8 Global Wave Power Generation Technology Production Capacity, Analysis
8.1 Global Wave Power Generation Technology Production Capacity, 2017-2028
8.2 Wave Power Generation Technology Production Capacity of Key Manufacturers in Global Market
8.3 Global Wave Power Generation Technology Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Wave Power Generation Technology Supply Chain Analysis
10.1 Wave Power Generation Technology Industry Value Chain
10.2 Wave Power Generation Technology Upstream Market
10.3 Wave Power Generation Technology Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Wave Power Generation Technology Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
Research Methodology:
Wave Power Generation Technology Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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