Global Point Absorber Market

Point Absorber Comprehensive Study by Application (Water Treatment, Household, Commercial, Others), Type (Silica Gel, Alumina, Activated Carbon, Polyamide, Diatomite, Others) Players and Region - Global Market Outlook to 2028

Point Absorber Market by XX Submarkets | Forecast Years 2023-2028  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
Point Absorber Market Scope
A point absorber refers to a type of wave energy converter (WEC) device that harnesses the power of ocean waves to generate electricity. It is a buoyant structure that floats on the water's surface and is typically moored to the seabed. The advantage of point absorbers is their ability to extract energy from waves approaching from any direction. They are relatively compact and can be deployed in various water depths, making them adaptable to different coastal environments. Point absorbers are considered one of the promising technologies for wave energy conversion due to their efficiency and scalability.

AttributesDetails
Study Period2018-2028
Base Year2022
UnitValue (USD Million)
Key Companies ProfiledPelamis Wave Power Ltd. (United Kingdom), AWS Ocean Energy Ltd. (United Kingdom), Ocean Navitas Ltd. (United Kingdom), Carnegie Corporation (United States), Ocean Power Technologies Inc. (United States), SINN Power GmbH (Germany), NEMOS Ltd. (United States) and Resolute Energy Corporation (United States)
CAGR%


Companies are Investing in research and development activities to improve the performance, reliability, and efficiency of Point Absorber systems. Apart from this, players explore new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.

Pelamis Wave Power Ltd. (United Kingdom), AWS Ocean Energy Ltd. (United Kingdom), Ocean Navitas Ltd. (United Kingdom), Carnegie Corporation (United States), Ocean Power Technologies Inc. (United States), SINN Power GmbH (Germany), NEMOS Ltd. (United States) and Resolute Energy Corporation (United States) are some of the key players that are part of study coverage.

About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.

Segmentation Overview
The study have segmented the market of Global Point Absorber market by Type , by Application (Water Treatment, Household, Commercial and Others) and Region with country level break-up.

On the basis of geography, the market of Point Absorber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.

Market Leaders and their expansionary development strategies
In January 2022, two wave energy companies, Eco Wave Power and Ocean Power Technologies, Inc. announced a partnership to accelerate wave energy projects utilizing complementary technologies.
In May 2022, Eco Power signed a contract with Port Adriano to develop a 2 MW wave power plant. Port Adriano gives Eco Wave Power a potentially acceptable location for the 20-year-old team, while Eco Wave Power is responsible for obtaining all permits, building and commissioning the power plants, and selling the electricity generated by the power plant.


Influencing Trend:
Increasing Investment and Technological Advancement

Market Growth Drivers:
Growing Demand for Power from Renewable Energy Sources, Favorable Regulatory Environment and Rapid Transition from Fossil-Based Energy to Renewable Energy

Challenges:
High Capital Investment

Restraints:
Expenses for Installation and Maintenance

Opportunities:
Increasing Research and Development

Key Target Audience
Manufacturers, Distributors, and Suppliers, Government Agencies, Potential Investors, Governmental Bodies, Research Institutes and Others

Report Objectives / Segmentation Covered

By Application
  • Water Treatment
  • Household
  • Commercial
  • Others
By Type
  • Silica Gel
  • Alumina
  • Activated Carbon
  • Polyamide
  • Diatomite
  • Others

By Regions
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Netherlands
    • Rest of Europe
  • MEA
    • Middle East
    • Africa
  • North America
    • United States
    • Canada
    • Mexico
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Growing Demand for Power from Renewable Energy Sources
      • 3.2.2. Favorable Regulatory Environment
      • 3.2.3. Rapid Transition from Fossil-Based Energy to Renewable Energy
    • 3.3. Market Challenges
      • 3.3.1. High Capital Investment
    • 3.4. Market Trends
      • 3.4.1. Increasing Investment and Technological Advancement
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
  • 5. Global Point Absorber, by Application, Type and Region (value) (2017-2022)
    • 5.1. Introduction
  • 6. Point Absorber: Manufacturers/Players Analysis
    • 6.1. Company Profile
      • 6.1.1. Pelamis Wave Power Ltd. (United Kingdom)
        • 6.1.1.1. Business Overview
        • 6.1.1.2. Products/Services Offerings
        • 6.1.1.3. Financial Analysis
        • 6.1.1.4. SWOT Analysis
      • 6.1.2. AWS Ocean Energy Ltd. (United Kingdom)
        • 6.1.2.1. Business Overview
        • 6.1.2.2. Products/Services Offerings
        • 6.1.2.3. Financial Analysis
        • 6.1.2.4. SWOT Analysis
      • 6.1.3. Ocean Navitas Ltd. (United Kingdom)
        • 6.1.3.1. Business Overview
        • 6.1.3.2. Products/Services Offerings
        • 6.1.3.3. Financial Analysis
        • 6.1.3.4. SWOT Analysis
      • 6.1.4. Carnegie Corporation (United States)
        • 6.1.4.1. Business Overview
        • 6.1.4.2. Products/Services Offerings
        • 6.1.4.3. Financial Analysis
        • 6.1.4.4. SWOT Analysis
      • 6.1.5. Ocean Power Technologies Inc. (United States)
        • 6.1.5.1. Business Overview
        • 6.1.5.2. Products/Services Offerings
        • 6.1.5.3. Financial Analysis
        • 6.1.5.4. SWOT Analysis
      • 6.1.6. SINN Power GmbH (Germany)
        • 6.1.6.1. Business Overview
        • 6.1.6.2. Products/Services Offerings
        • 6.1.6.3. Financial Analysis
        • 6.1.6.4. SWOT Analysis
      • 6.1.7. NEMOS Ltd. (United States)
        • 6.1.7.1. Business Overview
        • 6.1.7.2. Products/Services Offerings
        • 6.1.7.3. Financial Analysis
        • 6.1.7.4. SWOT Analysis
      • 6.1.8. Resolute Energy Corporation (United States)
        • 6.1.8.1. Business Overview
        • 6.1.8.2. Products/Services Offerings
        • 6.1.8.3. Financial Analysis
        • 6.1.8.4. SWOT Analysis
  • 7. Global Point Absorber Sale, by Application, Type and Region (value) (2023-2028)
    • 7.1. Introduction
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. Company Basic Information, Sales Area and Its Competitors
  • Table 2. Company Basic Information, Sales Area and Its Competitors
  • Table 3. Company Basic Information, Sales Area and Its Competitors
  • Table 4. Company Basic Information, Sales Area and Its Competitors
  • Table 5. Company Basic Information, Sales Area and Its Competitors
  • Table 6. Company Basic Information, Sales Area and Its Competitors
  • Table 7. Company Basic Information, Sales Area and Its Competitors
  • Table 8. Company Basic Information, Sales Area and Its Competitors
  • Table 9. Research Programs/Design for This Report
  • Table 10. Key Data Information from Secondary Sources
  • Table 11. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. Pelamis Wave Power Ltd. (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 5. Pelamis Wave Power Ltd. (United Kingdom) Revenue: by Geography 2022
  • Figure 6. AWS Ocean Energy Ltd. (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 7. AWS Ocean Energy Ltd. (United Kingdom) Revenue: by Geography 2022
  • Figure 8. Ocean Navitas Ltd. (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 9. Ocean Navitas Ltd. (United Kingdom) Revenue: by Geography 2022
  • Figure 10. Carnegie Corporation (United States) Revenue, Net Income and Gross profit
  • Figure 11. Carnegie Corporation (United States) Revenue: by Geography 2022
  • Figure 12. Ocean Power Technologies Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 13. Ocean Power Technologies Inc. (United States) Revenue: by Geography 2022
  • Figure 14. SINN Power GmbH (Germany) Revenue, Net Income and Gross profit
  • Figure 15. SINN Power GmbH (Germany) Revenue: by Geography 2022
  • Figure 16. NEMOS Ltd. (United States) Revenue, Net Income and Gross profit
  • Figure 17. NEMOS Ltd. (United States) Revenue: by Geography 2022
  • Figure 18. Resolute Energy Corporation (United States) Revenue, Net Income and Gross profit
  • Figure 19. Resolute Energy Corporation (United States) Revenue: by Geography 2022
List of companies from research coverage that are profiled in the study
  • Pelamis Wave Power Ltd. (United Kingdom)
  • AWS Ocean Energy Ltd. (United Kingdom)
  • Ocean Navitas Ltd. (United Kingdom)
  • Carnegie Corporation (United States)
  • Ocean Power Technologies Inc. (United States)
  • SINN Power GmbH (Germany)
  • NEMOS Ltd. (United States)
  • Resolute Energy Corporation (United States)
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Key Highlights of Report


May 2023 236 Pages 84 Tables Base Year: 2022 Coverage: 15+ Companies; 18 Countries

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Frequently Asked Questions (FAQ):

The key segments that are playing vital role in Point Absorber Market are by end use application [Water Treatment, Household, Commercial and Others].
The Point Absorber Market is gaining popularity and expected to see strong valuation by 2028.
  • Growing Demand for Power from Renewable Energy Sources
  • Favorable Regulatory Environment
  • Rapid Transition from Fossil-Based Energy to Renewable Energy

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