The global market for Wave Power Generation Equipment was estimated to be worth US$ 44.9 million in 2024 and is forecast to a readjusted size of US$ 168 million by 2031 with a CAGR of 21.1% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Wave Power Generation Equipment cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Wave energy (or wave power) is the transport and capture of energy by ocean surface waves. The energy captured is then used for all different kinds of useful work, including electricity generation, water desalination, and pumping of water. Wave energy is also a type of renewable energy and is the largest estimated global resource form of ocean energy. The amount of power available in the movement of ocean waves has inspired many engineers to develop machines and devices to capture and use this free oceanic power. In certain parts of the world's oceans the amount of wave energy is vast, so the development of wave energy devices to exploit the the inherent oscillatory nature of ocean waves for electrical energy generation.
Waves have the potential to provide a completely sustainable source of energy, which can be captured and converted into electricity by wave power generation machines. These machines have been developed to extract energy from shoreline out to the deeper waters offshore including: attenuator, point absorber, oscillating wave surge converter, oscillating water column, overtopping/terminator device, submerged pressure differential, bulge wave etc.
This report aims to provide a comprehensive presentation of the global market for Wave Power Generation Equipment, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Wave Power Generation Equipment by region & country, by Type, and by Application.
The Wave Power Generation Equipment market size, estimations, and forecasts are provided in terms of sales volume (kW) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wave Power Generation Equipment.
Market Segmentation
By Company
- C-Power
- AW-Energy
- Hann-Ocean
- AWS Ocean Energy
- Bombora Wave Power
- Wello
- Oscilla Power
- Mocean Energy
- Wave Swell Energy
- SINN Power
- Ocean Power Technologies (OPT)
- CorPower Ocean
Segment by Type
- Attenuators
- Point Absorbers
- Oscillating Wave Surge Converters
- Oscillating Water Columns
- Others
Segment by Application
- Utility Grid
- Industrial
- Science and Research
- Oil and Gas
- Defense and Security
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Wave Power Generation Equipment manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Wave Power Generation Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Wave Power Generation Equipment in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Wave Power Generation Equipment Product Introduction
- 1.2 Global Wave Power Generation Equipment Market Size Forecast
- 1.2.1 Global Wave Power Generation Equipment Sales Value (2020-2031)
- 1.2.2 Global Wave Power Generation Equipment Sales Volume (2020-2031)
- 1.2.3 Global Wave Power Generation Equipment Sales Price (2020-2031)
- 1.3 Wave Power Generation Equipment Market Trends & Drivers
- 1.3.1 Wave Power Generation Equipment Industry Trends
- 1.3.2 Wave Power Generation Equipment Market Drivers & Opportunity
- 1.3.3 Wave Power Generation Equipment Market Challenges
- 1.3.4 Wave Power Generation Equipment Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Wave Power Generation Equipment Players Revenue Ranking (2024)
- 2.2 Global Wave Power Generation Equipment Revenue by Company (2020-2025)
- 2.3 Global Wave Power Generation Equipment Players Sales Volume Ranking (2024)
- 2.4 Global Wave Power Generation Equipment Sales Volume by Company Players (2020-2025)
- 2.5 Global Wave Power Generation Equipment Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Wave Power Generation Equipment Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Wave Power Generation Equipment Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Wave Power Generation Equipment
- 2.9 Wave Power Generation Equipment Market Competitive Analysis
- 2.9.1 Wave Power Generation Equipment Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Wave Power Generation Equipment Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Wave Power Generation Equipment as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Attenuators
- 3.1.2 Point Absorbers
- 3.1.3 Oscillating Wave Surge Converters
- 3.1.4 Oscillating Water Columns
- 3.1.5 Others
- 3.2 Global Wave Power Generation Equipment Sales Value by Type
- 3.2.1 Global Wave Power Generation Equipment Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Wave Power Generation Equipment Sales Value, by Type (2020-2031)
- 3.2.3 Global Wave Power Generation Equipment Sales Value, by Type (%) (2020-2031)
- 3.3 Global Wave Power Generation Equipment Sales Volume by Type
- 3.3.1 Global Wave Power Generation Equipment Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Wave Power Generation Equipment Sales Volume, by Type (2020-2031)
- 3.3.3 Global Wave Power Generation Equipment Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Wave Power Generation Equipment Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Utility Grid
- 4.1.2 Industrial
- 4.1.3 Science and Research
- 4.1.4 Oil and Gas
- 4.1.5 Defense and Security
- 4.1.6 Others
- 4.2 Global Wave Power Generation Equipment Sales Value by Application
- 4.2.1 Global Wave Power Generation Equipment Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Wave Power Generation Equipment Sales Value, by Application (2020-2031)
- 4.2.3 Global Wave Power Generation Equipment Sales Value, by Application (%) (2020-2031)
- 4.3 Global Wave Power Generation Equipment Sales Volume by Application
- 4.3.1 Global Wave Power Generation Equipment Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Wave Power Generation Equipment Sales Volume, by Application (2020-2031)
- 4.3.3 Global Wave Power Generation Equipment Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Wave Power Generation Equipment Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Wave Power Generation Equipment Sales Value by Region
- 5.1.1 Global Wave Power Generation Equipment Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Wave Power Generation Equipment Sales Value by Region (2020-2025)
- 5.1.3 Global Wave Power Generation Equipment Sales Value by Region (2026-2031)
- 5.1.4 Global Wave Power Generation Equipment Sales Value by Region (%), (2020-2031)
- 5.2 Global Wave Power Generation Equipment Sales Volume by Region
- 5.2.1 Global Wave Power Generation Equipment Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Wave Power Generation Equipment Sales Volume by Region (2020-2025)
- 5.2.3 Global Wave Power Generation Equipment Sales Volume by Region (2026-2031)
- 5.2.4 Global Wave Power Generation Equipment Sales Volume by Region (%), (2020-2031)
- 5.3 Global Wave Power Generation Equipment Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Wave Power Generation Equipment Sales Value, 2020-2031
- 5.4.2 North America Wave Power Generation Equipment Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Wave Power Generation Equipment Sales Value, 2020-2031
- 5.5.2 Europe Wave Power Generation Equipment Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Wave Power Generation Equipment Sales Value, 2020-2031
- 5.6.2 Asia Pacific Wave Power Generation Equipment Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Wave Power Generation Equipment Sales Value, 2020-2031
- 5.7.2 South America Wave Power Generation Equipment Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Wave Power Generation Equipment Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Wave Power Generation Equipment Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Wave Power Generation Equipment Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Wave Power Generation Equipment Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Wave Power Generation Equipment Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Wave Power Generation Equipment Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Wave Power Generation Equipment Sales Value, 2020-2031
- 6.3.2 United States Wave Power Generation Equipment Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Wave Power Generation Equipment Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Wave Power Generation Equipment Sales Value, 2020-2031
- 6.4.2 Europe Wave Power Generation Equipment Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Wave Power Generation Equipment Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Wave Power Generation Equipment Sales Value, 2020-2031
- 6.5.2 China Wave Power Generation Equipment Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Wave Power Generation Equipment Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Wave Power Generation Equipment Sales Value, 2020-2031
- 6.6.2 Japan Wave Power Generation Equipment Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Wave Power Generation Equipment Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Wave Power Generation Equipment Sales Value, 2020-2031
- 6.7.2 South Korea Wave Power Generation Equipment Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Wave Power Generation Equipment Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Wave Power Generation Equipment Sales Value, 2020-2031
- 6.8.2 Southeast Asia Wave Power Generation Equipment Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Wave Power Generation Equipment Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Wave Power Generation Equipment Sales Value, 2020-2031
- 6.9.2 India Wave Power Generation Equipment Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Wave Power Generation Equipment Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 C-Power
- 7.1.1 C-Power Company Information
- 7.1.2 C-Power Introduction and Business Overview
- 7.1.3 C-Power Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 C-Power Wave Power Generation Equipment Product Offerings
- 7.1.5 C-Power Recent Development
- 7.2 AW-Energy
- 7.2.1 AW-Energy Company Information
- 7.2.2 AW-Energy Introduction and Business Overview
- 7.2.3 AW-Energy Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 AW-Energy Wave Power Generation Equipment Product Offerings
- 7.2.5 AW-Energy Recent Development
- 7.3 Hann-Ocean
- 7.3.1 Hann-Ocean Company Information
- 7.3.2 Hann-Ocean Introduction and Business Overview
- 7.3.3 Hann-Ocean Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Hann-Ocean Wave Power Generation Equipment Product Offerings
- 7.3.5 Hann-Ocean Recent Development
- 7.4 AWS Ocean Energy
- 7.4.1 AWS Ocean Energy Company Information
- 7.4.2 AWS Ocean Energy Introduction and Business Overview
- 7.4.3 AWS Ocean Energy Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 AWS Ocean Energy Wave Power Generation Equipment Product Offerings
- 7.4.5 AWS Ocean Energy Recent Development
- 7.5 Bombora Wave Power
- 7.5.1 Bombora Wave Power Company Information
- 7.5.2 Bombora Wave Power Introduction and Business Overview
- 7.5.3 Bombora Wave Power Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Bombora Wave Power Wave Power Generation Equipment Product Offerings
- 7.5.5 Bombora Wave Power Recent Development
- 7.6 Wello
- 7.6.1 Wello Company Information
- 7.6.2 Wello Introduction and Business Overview
- 7.6.3 Wello Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Wello Wave Power Generation Equipment Product Offerings
- 7.6.5 Wello Recent Development
- 7.7 Oscilla Power
- 7.7.1 Oscilla Power Company Information
- 7.7.2 Oscilla Power Introduction and Business Overview
- 7.7.3 Oscilla Power Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Oscilla Power Wave Power Generation Equipment Product Offerings
- 7.7.5 Oscilla Power Recent Development
- 7.8 Mocean Energy
- 7.8.1 Mocean Energy Company Information
- 7.8.2 Mocean Energy Introduction and Business Overview
- 7.8.3 Mocean Energy Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Mocean Energy Wave Power Generation Equipment Product Offerings
- 7.8.5 Mocean Energy Recent Development
- 7.9 Wave Swell Energy
- 7.9.1 Wave Swell Energy Company Information
- 7.9.2 Wave Swell Energy Introduction and Business Overview
- 7.9.3 Wave Swell Energy Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Wave Swell Energy Wave Power Generation Equipment Product Offerings
- 7.9.5 Wave Swell Energy Recent Development
- 7.10 SINN Power
- 7.10.1 SINN Power Company Information
- 7.10.2 SINN Power Introduction and Business Overview
- 7.10.3 SINN Power Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 SINN Power Wave Power Generation Equipment Product Offerings
- 7.10.5 SINN Power Recent Development
- 7.11 Ocean Power Technologies (OPT)
- 7.11.1 Ocean Power Technologies (OPT) Company Information
- 7.11.2 Ocean Power Technologies (OPT) Introduction and Business Overview
- 7.11.3 Ocean Power Technologies (OPT) Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Ocean Power Technologies (OPT) Wave Power Generation Equipment Product Offerings
- 7.11.5 Ocean Power Technologies (OPT) Recent Development
- 7.12 CorPower Ocean
- 7.12.1 CorPower Ocean Company Information
- 7.12.2 CorPower Ocean Introduction and Business Overview
- 7.12.3 CorPower Ocean Wave Power Generation Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 CorPower Ocean Wave Power Generation Equipment Product Offerings
- 7.12.5 CorPower Ocean Recent Development
8 Industry Chain Analysis
- 8.1 Wave Power Generation Equipment Industrial Chain
- 8.2 Wave Power Generation Equipment Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Wave Power Generation Equipment Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Wave Power Generation Equipment Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer