The Ocean Energy Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Ocean Energy Market?
The size of the ocean energy market has experienced substantial growth recently. The market was worth $0.83 billion in 2024 and is projected to increase to $1.02 billion in 2025, representing a compound annual growth rate (CAGR) of 23.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Ocean Energy Industry?
The Ocean Energy Global Market Report 2025 forecasts that by 2029, the ocean energy market size will reach $2.36 billion, with a compound annual growth rate (CAGR) of 23.3%.
Download Your Free Sample of the 2025 Ocean Energy Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Ocean Energy Market?
The key drivers in the ocean energy market are:
• Escalating global energy requirements and concerns over energy security
• Elevated energy costs associated with traditional energy sources, causing a shift towards ocean energy
• Intensified environmental concerns and a collective move towards green energy alternatives
• Advancements in wave and tidal energy technologies powering the ocean energy sector
Global Market Segmentation: Identifying Major Ocean Energy Industry Segments
The ocean energymarket covered in this report is segmented –
1) By Type: Wave Energy, Tidal energy, Other Types
2) By Application: Power Generation, Desalination, Other Applications
3) By End-User: Commercial, Residential
Pre-order the 2025 Ocean Energy Global Market Report for Fast Delivery & Comprehensive Insights!
What are the emerging Trends Shaping the Future of the Ocean Energy Market?
The key trends in the ocean energy market are:
• Blockchain technology integration in the energy sector is an emerging trend.
• There is a significant movement towards implementing effective monitoring technology and smart architecture.
• Renewable energy source technology features prominently in the developing landscape.
• The development and advancement of ocean energy technologies is a key influence in the market.
Who Are the Top Competitors & Leading Players in the Ocean Energy Market?
Major companies in the ocean energy market are:
• ANDRITZ HYDRO GmbH Group
• Minesto AB
• Seabased AB
• Nova Innovation Ltd.
• Hann-Ocean Co. Ltd.
• Applied Technologies Company Ltd.
• Verdant Power Inc.
• Ocean Renewable Power Company
• Ocean Harvesting Technologies AB
• AWS Ocean Energy Ltd.
• HydroQuest SAS
• Eco Wave Power Global AB
• Carnegie Clean Energy Ltd.
• Mocean Energy Ltd.
• Aqua Magnetics International Inc.
• Atargis Energy Corporation
• Biopower Systems Ltd.
• Kepler Energy Inc.
• Energy Technology Centre Ltd.
• AquaGen Technologies Inc.
• Ocean Power Technologies Ltd.
Regional Dominance: Which Area Leads the Global Ocean Energy Market?
Europe was the largest region in the ocean energy market in 2024
