Osmotic Energy Market Scope
Osmotic energy is the energy available from the difference in the salt concentration between seawater and river water. It converts the pressure differential between water with high salinity and water with lower or no salinity into hydraulic pressure. This hydraulic drive a turbine that produces electrical energy.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Aquabattery (Netherlands), Pani Energy (Canada), Hyrec (Turkey), Salinnova (Germany), Lamor Corporation (Finland), Flowserve Corporation (United States), Energy Recovery Inc. (United States), Synder Filtration (United States), Statkraft (Norway) and AltEnergyMag (United States) |
CAGR | % |
Companies in the market are concentrating on osmotic energy. The major obstacle is the cost of the membrane. Two countries such as Norway and the Netherlands, are especially active in the R&D of osmotic power. Statkraft developed new renewable energy technologies. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Osmotic Energy market throughout the predicted period.
Aquabattery (Netherlands), Pani Energy (Canada), Hyrec (Turkey), Salinnova (Germany), Lamor Corporation (Finland), Flowserve Corporation (United States), Energy Recovery Inc. (United States), Synder Filtration (United States), Statkraft (Norway) and AltEnergyMag (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Ashkelon (Israel) and Sweetch Energy (Finland).
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 total available market.
Segmentation Overview
The study have segmented the market of Global Osmotic Energy market by Type (Ocean Osmotic Energy and Salt Lake Osmotic Energy), by Application (Commercial and Others) and Region with country level break-up.
On the basis of geography, the market of Osmotic Energy has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
January 21, 2021: Flowserve Corporation launched a revolutionary IoT service platform. This platform helps production facilities and control critical aspects of operations. and October 14, 2021: Energy Recovery Inc. announced to supply Ultra PX energy recovery devices. This device supports industrial wastewater treatment operations.
Market Trend
- The exploration of new technologies to produce effective renewable energy
Opportunities
- Increasing development of control systems, water treatment equipment, as well as infrastructure
Restraints
- Low cost of source
- Brackish water hampering the osmotic energy
Challenges
- Persistent technical challenges with osmotic membranes
Key Target Audience
Research & Development, Research Institutions and Energy Research Centre