This new ocean energy market research report looks at the key market drivers for the global Ocean Energy market. The report includes a full analysis of the ocean energy industry including ocean energy technology and resources. The report also outlines the key ocean energy statistics, facts and data and ocean energy forecasts.
Key reasons to purchase this ocean energy market research
Using our ocean energy database we have provided a ocean energy analysis which enables you to:
- Make informed business decisions through a clear global understanding of the ocean energy market
- Review key information on ocean energy resources, ocean energy companies and ocean energy technology.
- Design business strategies by understanding ocean energy facts, the key ocean energy statistics,
- Identify trends, developments and ocean energy forecasts.
Additionally, you can also request our bespoke ocean energy consulting.
What’s in this ocean energy market research report?
- Ocean energy companies
- Ocean energy market research data, and analysis
- Ocean energy technology
- Ocean energy resources
- Ocean energy statistics
- Ocean energy forecasts and facts
Background to this ocean energy market research
2009 was a good year for the ocean energy industry with US $246 million invested in the sector, up from the 2008 figures. Key areas of development were wave energy, and tidal and marine current projects. For both sectors, more devices reached the prototype stage and were tested out at sea. Considerably more funding has been available for projects to take this leap. Portugal and the UK remain as the main countries for wave energy projects due to generous grants and subsidies, targets and in the case of Portugal, a feed-in tariff. Other countries making significant inroads in the sector last year include Australia, the US, New Zealand and other European countries, especially Ireland.
Ocean energy research and analysis highlights
Ocean Thermal Energy Conversion (OTEC) is still a long way from commercialisation. DCNS, Lockheed Martin and Xenesys have emerged as the main ocean energy companies involved in OTEC projects. Last year Lockheed Martin was awarded an US $8 million component supply contract by the US military. NRG EXPERT expects military bases to be a major use of OTEC due to the high cost of diesel imports at remote island locations. Other major uses of OTEC, along with direct power use, may be desalination and sea water air conditioning.
By far the most experimental ocean energy technology is still the salinity gradient. In November last year Statkraft commissioned a 2 to 4 kW prototype off Tofte near Oslo, Norway. This project is one of the relatively few salinity gradient projects, and is by far the most advanced. Thus it is unlikely that this will be a major source of power in the short term.
Prod. Code: NRGOER1
Edition 1: 2012