LONDON, Jan. 3, 2017 /PRNewswire/ -- This report analyzes the worldwide markets for Ocean Energy in Kilowatts by the following Technology Segments: Wave Energy, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan Europe, and Rest of World. Annual estimates and forecasts are provided for the period 2015 through 2022. Also, a six-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs.
The report profiles 61 companies including many key and niche players such as -
Able Technologies, L.L.C
Albatern Ltd.
Applied Technologies Company, Ltd.
AquaGen Technologies
Aqua-Magnetics Inc.
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I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1 Disclaimers.............. I-2 Data Interpretation & Reporting Level I-2 Quantitative Techniques & Analytics I-2 Product Definitions and Scope of Study I-3 Wave Energy.............. I-3 Others.............. I-3
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW.............. II-1 Ocean Energy: Harnessing the Sheer Potential of Oceans & Seas for Meeting Future Energy Needs II-1 Important Factors Influencing the Global Ocean Energy Market II-2 Growing Environmental Concerns II-2 Increasing Regulations..............II-3 Rising Electricity Consumption & Energy Prices II-3 Shift to Renewable Sources of Energy: An Inevitable Reality II-3 Table 1: Global Renewable Power Capacity (2016): Percentage Share Breakdown by Technology for Bio-power, Concentrating Solar Thermal Power, Geothermal Power, Hydropower, Ocean Power, Solar PV, and Wind Power (includes corresponding Graph/Chart).............. II-5 Huge Untapped Kinetic Energy Potential of Oceans: A Fundamental Growth Driver..............II-5 Fast Facts.............. II-6 Growth Drivers in a Nutshell..............II-7 Key Market Inhibitors..............II-7 Government Intervention Critical for Commercial Success of Ocean Energy.............. II-8 Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries.............. II-8 Technology Commercialization: Need of the Hour II-8 Global Market Outlook..............II-9 Europe Leads the Global Ocean Energy Market II-9 Europe: Focal Point for Ocean Energy Technologies R&D II-11 Asia-Pacific: Frontrunner in Tidal Barrage Power Plants II-11 Competitive Landscape..............II-12 Ocean Energy: A Highly Fragmented Market II-12 Untapped Growth Potential Luring Players II-12 Select Wave Energy Technology Developers and Devices in the US II-12 Table 2: Global Wave Energy Devices Breakdown (%) by Application: 2015 (includes corresponding Graph/Chart) II-13
Table 3: Global Wave Energy Device Breakdown (%) by Installation: 2015 (includes corresponding Graph/Chart) II-13
Table 4: Global Wave Energy International Patents Breakdown (%) by Country: 2013 (includes corresponding Graph/Chart) II-13
2. MARKET TRENDS, ISSUES & DRIVERS II-14 Growing Number of Ocean Energy Projects Worldwide Drives Strong Market Growth..............II-14 MeyGen to Install a Multi-Turbine Tidal Energy Field in Scotland II-16 OTEC Project on the South Pacific Ocean Obtains Bureau Veritas Approval..............II-16 Tidal Energy Projects Worldwide II-17 Major Tidal Projects Worldwide: Project Proponent, Technology, Location, Capacity (MW) and Development Stage II-17 Major Wave Energy Projects Worldwide: Project Proponent, Technology, Location, Capacity (MW) and Development Stage II-18 Major FOWT Projects Worldwide: Project Proponent, Technology, Location, Capacity (MW) and Development Stage II-18 Rising Investments in Renewable Energy Sources Benefit Market Expansion.............. II-18 Table 5: Global Investments (US$ Billion) in Renewable Energy by Source: 2005 & 2015 (includes corresponding Graph/Chart) II-20 Superior Attributes of Tidal Energy Attract New Developers, Benefits Market Adoption..............II-20 Horizontal Axis Turbines Grab Lion's Share of Tidal Energy Devices.............. II-21 Tidal Energy: Abundant Resources despite Technology Barriers II-21 Despite Dominance of Tidal Energy, Wave Energy Garner Growing Attention and Investments..............II-21 Ocean Energy Developments, Innovations and Advancements: Spearheading Growth..............II-22 PLAT-O Driving Down Tidal Energy Costs II-22 bioWAVE: The New Ocean Energy Harnessing Device Deployed off the Australian Coast..............II-23 THWAT Turbine for Tidal Energy..............II-23 HiWave: A Novel WEC Technology that Works on the Human Heart Blood Pumping Principle..............II-24 Xenesys and Saga University to Develop OTEC Technology II-24 Small Islands Provide Big Push for Ocean Thermal Energy Conversion Plants..............II-25 Surveys to Play a Vital Role in Project Developments II-25 Robust Electric Power Consumption Drives the Need for Alternative Energy Sources..............II-26 Table 6: Projected Global Demand for Primary Energy (Mtoe) and Electricity (MWh): 2015, 2020, 2025, 2030 & 2035 (includes corresponding Graph/Chart) II-27
Table 7: Global Delivered Energy Consumption (quadrillion Btu) by End-use Sector (2012, 2020, 2025, 2030, and 2035) (includes corresponding Graph/Chart) II-27 Burgeoning Global Population Propels Demand for Electric Power II-28 Table 8: Global Population Estimates (2000-2050) (includes corresponding Graph/Chart)..............II-28 Key Challenges Hampering Ocean Energy Development II-28 Technology Advancement..............II-29 Financial Support and Markets II-29 Administrative and Environmental Issues II-30 Environmental Challenges..............II-30 Administrative Issues..............II-30 Social Acceptance Impediments..............II-30 Availability of Grid Close to Projects II-30 Grid Integration.............. II-31
3. CONCEPT OF OCEAN ENERGY..............II-32 Ocean Energy.............. II-32 Types of Ocean Energy..............II-32 Marine Renewable Energy..............II-32 Marine Non-renewable Energies II-32 Ocean Energy Extraction..............II-32 Mechanical Energy..............II-32 Thermal Energy.............. II-33 Electricity Conversion Systems II-33 Ocean Thermal Energy Conversion (OTEC) II-33 Wave Energy.............. II-33 Tidal Energy.............. II-34 Evolution of Tidal Power..............II-35 Methods of Energy Conversion..............II-35 Tidal Barrage.............. II-35 Table 9: Worldwide Major Locations with Mean Tidal Range >5 Meters (includes corresponding Graph/Chart) II-36 Major Drawbacks of Barrage System II-36 Limited Area.............. II-36 Environmental Hazards..............II-37 Tidal Streams.............. II-37 Tidal Power and Science..............II-37 Potential of Tidal Power..............II-38 Advantages and Disadvantages..............II-38 Inexhaustible and Highly Reliable II-38 Less Conspicuous..............II-38 Predictability.............. II-38 Employment Generation..............II-38 Environmental Concerns..............II-39 Funding.............. II-39 First-Generation Tidal Power Plants II-39 Drawbacks.............. II-39 Second-Generation or Tidal Current Devices II-39 Advantages.............. II-39 Floating Offshore Wind Turbine (FOWT) II-40 Wave Power.............. II-40 Availability of Wave Energy..............II-40 Major Resources.............. II-41 Potential of Wave Power..............II-41 Advantages of Wave Energy..............II-41 Challenges Faced by Wave Energy Power Facilities II-41 Technology Overview..............II-41 Oscillating Water Column (OWC) II-42 Point Absorption Devices..............II-42 Attenuator.............. II-42 Overtopping Devices..............II-42 Ocean Thermal Energy..............II-42 Mechanism.............. II-43 State-of-the-Art.............. II-43 Salt Power.............. II-44 Resources.............. II-44 Table 10: Major Resources of Osmotic Energy Worldwide (includes corresponding Graph/Chart) II-45 Technology Development..............II-46
4. PRODUCT LAUNCHES.............. II-47 Scotrenewables Tidal Power Unveils 2MW SR2000 Tidal Turbine II-47 Kepler Energy Develops Transverse Horizontal Axis Water Turbine (THAWT) Technology..............II-47 Makai Ocean Engineering Unveils OTEC Power Plant II-47 Alstom Introduces Oceade™ 18 - 1.4 MW Turbine II-47
5. RECENT INDUSTRY ACTIVITY..............II-48 Atlantis Acquires Scottish Tidal Project Assets from ScottishPower Renewables..............II-48 Tribute Resources Takes Over Stake in Tocardo International II-48 Atlantis' MeyGen Project Inks Agreement with Lochend Wind Energy II-48 Atlantis Resources Enters into a MoU with SBS Intl II-48 PT AIR and OpenHydro Signs MoU II-48 Carnegie Wave Energy signs a Deal with Energy Made Clean II-48 Verdant Power and Belleville Duggan Renewables to Form Verdant Isles.............. II-48 Carnegie Wave Energy to Develop Biggest Wave Energy Project in the UK.............. II-49 Carnegie Wave Energy to Construct Renewable Energy Microgrid II-49 Carnegie Wave Energy Signs MoU with Lanka Energy Conservation II-49 OpenHydro to Supply Tidal Turbine System for Japan II-49 Atlantis Commences the MeyGen Project II-49 Sotenäs Wave Power Plant Starts Generating Electric Power to Nordic Electricity Grid..............II-49 KRISO Receives Bureau Veritas Approval for Ocean Thermal Energy Converter Project..............II-49 Tocardo to Deploy T2 Bi-Directional Turbines in the Minas Passage II-50 Tocardo to Install Eight T2 Turbines at EMEC's Grid-Connected Tidal Test Site.............. II-50 Carnegie Wave Energy Bags Grant from European Regional Development Fund.............. II-50 US DOE to Offer US$ 40 Million for Wave Energy Test Facility II-50 EIB to Invest €10 Million in AW-Energy II-50 Thane Municipal Corporation to Establish a Tidal Energy Plant II-50 Karnataka Government Strikes a Deal with Tar Kovacs Systems II-50 Carnegie Wave Energy to Rename as Carnegie Clean Energy II-51 Ocean Power Technologies Changes PowerBuoy Device Name to PB3 II-51 GE Acquires Alstom's Power and Grid Businesses II-51 Atlantis Acquires Marine Current Turbines from Siemens II-51 British Columbia and Nova Scotia Enters into a Partnership II-51 SABELLA, and H and WB Asia Pacific Sign Memorandum of Agreement II-51 Alstom Selects Moventas as Sole Gearbox Development Partner II-51 European Marine Energy Centre and FloWave Ocean Energy Enter into Collaboration.............. II-52 WERPO Signs Partnership Agreement with ACEP II-52 Tocardo Tidal Turbines and Huisman Install Tidal Turbines in Eastern Scheldt Storm Surge Barrier II-52 SCHOTTEL HYDRO to Supply Variable Pitch Hub for MeyGen Tidal Energy Project.............. II-52 Swedish Energy Agency Grants €2 Million to Corpower Ocean II-52 Indian Navy to Establish OTEC Project in Andaman and Nicobar Islands.............. II-52 Apple to Invest £1 Million in Irish Wave Energy Project II-52 Seabased Industry Installs First Wave Power Plant in Ghana II-53 NEDO Selects IHI and Toshiba for Tidal Energy Turbine System II-53 Atlantis Receives Approval for MeyGen tidal project in Scotland II-53 Wave Power Renewables Takes Over Oceanlinx Wave Energy Converter Technology..............II-53 Catapult Takes Over Wave & Tidal Knowledge Network II-53 OpenHydro and Emera Forms Cape Sharp Tidal Joint Venture II-53 Tidal Energy Inks an Agreement with EDF Energy II-53 Atlantis Resources Inks Agreement with Dongfang Electrical Machinery.............. II-53 Atlantis Enters into a Lease with Crown Estate II-54 Atlantis Bags Contract from Energy Technologies Institute II-54 Bosch Rexroth Collaborates with Leading Wave Energy Firms II-54 Marine Current Turbines and Bluewater Energy Services Collaborates to Develop SeaGen F II-54 Atlantis Signs Seabed Sublease with Fundy Ocean Research Center for Energy..............II-54 Langlee Wave Power Inks Agreement with Tenerife Island for Wave Energy Plants.............. II-54 OpenHydro and Alderney Renewable Energy to form a Joint Venture II-54 Pelamis Goes into Bankruptcy..............II-54
6. FOCUS ON SELECT PLAYERS..............II-55 Able Technologies, L.L.C. (USA)..............II-55 Albatern Ltd. (UK)..............II-55 Applied Technologies Company, Ltd. (Russia) II-55 AquaGen Technologies (Australia) II-56 Aqua-Magnetics Inc. (USA)..............II-56 Atargis Energy Corporation (USA) II-56 Atlantis Resources Ltd. (UK)..............II-56 Marine Current Turbines Ltd. (UK) II-57 BioPower Systems Pty. Ltd. (Australia) II-57 Blue Energy Canada Inc. (Canada) II-58 Carnegie Wave Energy Limited (Australia) II-58 Flumill AS (Norway).............. II-58 GE Renewable Energy (France)..............II-59 Minesto AB (Sweden).............. II-59 Nova Innovation Ltd. (UK)..............II-59 Ocean Power Technologies Inc. (USA) II-59 Ocean Renewable Power Company, LLC (USA) II-60 Oceanlinx (Australia)..............II-60 OpenHydro Group Limited (Ireland) II-60 Scotrenewables Tidal Power Ltd. (Scotland) II-61 Tocardo International BV (Netherlands) II-61 Verdant Power, Inc. (USA)..............II-61
7. GLOBAL MARKET PERSPECTIVE..............II-62 Table 11: World Recent Past, Current & Future Analysis for Ocean Energy by Geographic Region - US, Canada, Japan, Europe and Rest of World Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart) II-62
Table 12: World 7-Year Perspective for Ocean Energy by Geographic Region - Percentage Breakdown of Installed Capacity for US, Canada, Japan, Europe and Rest of World Markets for Years 2016 & 2022 (includes corresponding Graph/Chart) II-63
Table 13: World Recent Past, Current & Future Analysis for Wave Energy Technology by Geographic Region - US, Canada, Japan, Europe and Rest of World Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart) II-64
Table 14: World 7-Year Perspective for Wave Energy Technology by Geographic Region - Percentage Breakdown of Installed Capacity for US, Canada, Japan, Europe and Rest of World Markets for Years 2016 & 2022 (includes corresponding Graph/Chart).............. II-65
Table 15: World Recent Past, Current & Future Analysis for Other Ocean Energy Technologies by Geographic Region - US, Canada, Japan, Europe and Rest of World Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart) II-66
Table 16: World 7-Year Perspective for Other Ocean Energy Technologies by Geographic Region - Percentage Breakdown of Installed Capacity for US, Canada, Japan, Europe and Rest of World Markets for Years 2016 & 2022 (includes corresponding Graph/Chart).............. II-67
III. MARKET
1. THE UNITED STATES.............. III-1 A.Market Analysis.............. III-1 Vast Shoreline and Favorable Regulations Drive Strong Market Growth.............. III-1 Major Wave Energy and FOWT Projects in the US: Project Proponent, Technology, Location, Capacity (MW) and Development Stage..............III-2 Huge Potential for Power Generation Drive Federal Government Funding in Ocean Energy..............III-2 Hawaii Powering the US Ocean Energy Market III-3 Wave Energy.............. III-3 Table 17: Potential Wave Energy Available and Recoverable Fraction by State and Region: 2016 (includes corresponding Graph/Chart).............. III-4 Ocean Thermal Energy..............III-5 The WETS Location in Hawaii: A Major Testing Location III-5 Product Launches..............III-7 Strategic Corporate Development III-7 Select Key Players..............III-7 B.Market Analytics..............III-10 Table 18: US Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)..............III-10
Table 19: US 7-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2016 & 2022 (includes corresponding Graph/Chart) III-11
2. CANADA.............. III-12 A.Market Analysis.............. III-12 Canada: A Key Proponent of Ocean Energy Worldwide with Significant Market Potential..............III-12 Provinces with Potential Tidal Stream Energy III-12 Provinces with Potential Wave Energy III-12 Major Marine Research Centers III-12 Major Tidal Stream and Wave Energy Projects in Canada: Project Proponent, Technology, Location, Capacity (MW) and Launch Year..............III-13 Canada Reinforces its Position in Tidal and Wave Energy Sector III-13 Major Developments in the Canadian Ocean Energy Terrain III-14 Canada to Tap Tidal Power Generation Capacity in Bay of Fundy III-14 Strategic Corporate Developments III-15 Blue Energy Canada Inc. - A Major Canada- Based Company III-15 B.Market Analytics..............III-16 Table 20: Canadian Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)..............III-16
Table 21: Canadian 7-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2016 & 2022 (includes corresponding Graph/Chart) III-17
3. JAPAN.............. III-18 A.Market Analysis.............. III-18 Government Funding Promotes Tidal Technology Development III-18 Nagasaki to Emerge as Hub for Ocean Energy III-18 Development of Ocean Energy Gains Traction in Japan Following the Natural Disaster III-19 Major Tidal Stream and Wave Energy Projects in Japan: Project Proponent, Technology, Capacity (MW), Location and Development Stage..............III-20 Major Other Ocean Energy Projects in Japan: Project Proponent, Technology, Location, Capacity (MW) and Development Stage..............III-21 Strategic Corporate Developments III-22 B.Market Analytics..............III-23 Table 22: Japanese Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)..............III-23
Table 23: Japanese 7-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2016 & 2022 (includes corresponding Graph/Chart) III-24
4. EUROPE.............. III-25 A.Market Analysis.............. III-25 Myriad Benefits of Ocean Energy Promote Sustainable Energy Development.............. III-25 Mitigates Carbon Emissions and Climate Change III-25 Supports Grid Stability and Lowers Systems Cost III-25 Benefits Associated Sectors III-26 Reduces Dependence on Diesel Generation III-26 Supports Economy.............. III-26 Europe: At the Forefront of Ocean Power Technology Development III-26 European Policy for Ocean Energy III-27 Industry and EU Funds Support Ocean Energy RD&D Efforts III-27 Major Policy Initiatives Aid in Commercialization of Ocean Energy Technologies..............III-28 EIB to Support Innovative Pioneering Demonstration Projects III-28 B.Market Analytics..............III-29 Table 24: European Recent Past, Current & Future Analysis for Ocean Energy by Geographic Region - France, UK, Spain, Portugal and Rest of Europe Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart) III-29
Table 25: European 7-Year Perspective for Ocean Energy by Geographic Region - Percentage Breakdown of Installed Capacity for France, UK, Spain, Portugal and Rest of Europe Markets for Years 2016 & 2022 (includes corresponding Graph/Chart).............. III-30
Table 26: European Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)..............III-31
Table 27: European 7-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2016 & 2022 (includes corresponding Graph/Chart) III-32
4a. FRANCE.............. III-33 A.Market Analysis.............. III-33 Major Tidal Stream and Wave Energy Projects in France: Project Proponent, Technology, Location, and Capacity (MW) III-33 France Announces Major Plans to Harness Ocean Energy III-33 French Government Supports Tidal Energy Projects III-34 Product Launch.............. III-34 Strategic Corporate Developments III-34 GE Renewable Energy - A Major France- Based Company III-35 B.Market Analytics..............III-36 Table 28: French Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)..............III-36
Table 29: French 7-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2016 & 2022 (includes corresponding Graph/Chart) III-37
4b. THE UNITED KINGDOM..............III-38 A.Market Analysis.............. III-38 The UK to Replace France as the Leading Ocean Energy Market in Europe.............. III-38 The UK Scouring Depths of Ocean for Power III-38 Rising Investments in Tidal Energy Projects Benefits Country's Ocean Energy Sector III-39 Scotts and Irish Collaborate on Ocean Energy III-39 Despite Brexit, British Ocean Energy Market Firmly on Growth Trajectory.............. III-40 Brexit Not Casting Gloom over Committed Investments III-40 Consistent Funding Despite Political Uncertainties III-40 Major Challenges to Surmount for the UK Ocean Energy Market III-40 Commercialization..............III-40 Reduced Production Costs..............III-40 Stability and Continuity in Policies III-41 Contracts for Difference..............III-41 Industry and Government Collaboration: Need of the Hour III-41 Product Launches..............III-41 Strategic Corporate Developments III-42 Select Key Players..............III-44 B.Market Analytics..............III-47 Table 30: UK Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)..............III-47
Table 31: UK 7-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2016 & 2022 (includes corresponding Graph/Chart) III-48
4c. SPAIN.............. III-49 Market Analysis.............. III-49 Table 32: Spanish Recent Past, Current & Future Analysis for Wave Energy with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart) III-49
4d. PORTUGAL.............. III-50 Market Analysis.............. III-50 Table 33: Portuguese Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)..............III-50
Table 34: Portuguese 7-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2016 & 2022 (includes corresponding Graph/Chart) III-51
4e. REST OF EUROPE.............. III-52 A.Market Analysis.............. III-52 Netherlands.............. III-52 Tocardo Announces Various Tidal Projects III-52 Norway.............. III-52 Major Tidal and Wave Energy Projects in Norway: Project Proponent, Technology, Capacity (MW) and Development Stage III-52 Strategic Corporate Developments III-53 Select Key Players..............III-54 B.Market Analytics..............III-56 Table 35: Rest of Europe Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart) III-56
Table 36: Rest of Europe 7-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2016 & 2022 (includes corresponding Graph/Chart) III-57
5. REST OF WORLD.............. III-58 A.Market Analysis.............. III-58 Asia-Pacific.............. III-58 Tidal Power Closing Gap with Solar and Wind Energy III-58 Pacific Islands to Ride on Ocean Wave Energy III-58 Vast Potential in the Pacific Waters III-59 Slow Rate of Technological Advancements Hampering Progress III-59 Many Challenges to Surmount Before Success III-59 British Firms Keen to Tap Rich Ocean Energy Potential of Filipino Waters.............. III-59 Select Regional Markets..............III-60 Australia.............. III-60 Table 37: Power Generation from Ocean Energy Plants in Australia: Breakdown of Investment, and Operation & Maintenance Costs for the Years 2015, 2020, 2030, 2040 & 2050 (includes corresponding Graph/Chart) III-60 Major Ocean Energy Projects in Australia: Project Proponent, Description, Location, and Development Stage III-61 China.............. III-61 Major Ocean Energy Projects in China: Project Proponent, Location, Capacity (MW) and Year of Operation III-62 Technology Advancements in Tidal Power Harnessing III-62 India.............. III-64 Indonesia.............. III-64 Major Ocean Energy Projects in Indonesia: Project Proponent, Technology, Capacity (MW), and Location III-65 South Korea.............. III-65 Major Wave and Tidal Energy Projects in South Korea: Project Proponent, Technology, Capacity (MW) and Project Period.............. III-65 Major OTEC, Salinity Gradient & Other Ocean Energy R&D Projects in South Korea: Project Proponent, Technology, and Project Period..............III-66 Philippines.............. III-66 Major Ocean Energy Projects in the Philippines: Project Proponent, Technology, Capacity (MW) and Location III-66 Strategic Corporate Developments III-66 Select Key Players..............III-68 B.Market Analytics..............III-70 Table 38: Rest of World Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart) III-70
Table 39: Rest of World 7-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2016 & 2022 (includes corresponding Graph/Chart) III-71
IV. COMPETITIVE LANDSCAPE
Total Companies Profiled: 61
The United States (10) Canada (4) Europe (39) - France (2) - Germany (2) - The United Kingdom (17) - Spain (1) - Rest of Europe (17) Asia-Pacific (Excluding Japan) (7) Middle-East (1)
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