Ocean Energy: Market Research Report

Date: April 22, 2010
Pages: 210
Price:
US$ 3,450.00
Publisher: Global Industry Analysts, Inc
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: O0F53624696EN
Leaflet:

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Ocean Energy: Market Research Report
This report analyzes the Global market for Ocean Energy in Megawatts and US$ Million.

Annual estimates and forecasts are provided for the period 2006 through 2015.

The report profiles 56 companies including Atlantis Resources Corporation Pte Limited, Marine Current Turbines, Oceanlinx Limited, Ocean Power Technologies, Inc., OpenHydro Group, Pelamis Wave Power Ltd., and Verdant Power, Inc.

Market data and analytics are derived from primary and secondary research.

Company profiles are mostly extracted from URL research and reported select online sources.
I.INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations
Disclaimers
Data Interpretation & Reporting Level
Quantitative Techniques & Analytics
Product Definitions and Scope of Study
Wave Energy
Tidal Energy
Ocean Thermal Energy Conversion
Salt Energy

II. EXECUTIVE SUMMARY

1.INDUSTRY OVERVIEW

Renewable Energy Industry
Introduction to Ocean Energy
State of Ocean Energy Industry
Current and Future Analysis
Key Trends in a Nutshell
Types of Ocean Energy
Wave Energy
Tidal and Marine Currents
Tidal Barrages
Ocean Thermal Energy Conversion (OTEC)
Salinity Gradient (Osmotic Energy)
Marine Biomass
The Potential of Ocean Energy

Table 1. Global Ocean Energy Market: Expected Annual Resource (in TW Per Hour) by Approach Type– Wave Energy, Tidal Energy, Osmotic Energy, and Ocean Thermal Energy

Fast Facts

Table 2. Global Ocean Energy Market: Breakdown of Exploitable Ocean Energy (in ‘000 TWh Per Annum) with Currently Available Technology by Approach Type – Wave Energy, Tidal Energy, Salinity Gradient Energy, and Ocean Thermal Energy (includes corresponding Graph/Chart)

Major Trends
Increasing Investments in Research & Development

Table 3. Global Ocean Energy Market (2005, 2030 and 2050: Breakdown of Range of Investment Cost (In US$/KW) for Ocean Energy Projects by Segment
Table 4. Global Ocean Energy Market (2005, 2030, and 2050): Range of Production Cost (In US$/KW) for Ocean Energy Projects by Segment

Wave and Tidal Approaches Playing Major Role
Similarities Between Approaches
Wave Energy: Dominates All Approaches
Increasing Government Support
Future Looks Bright
Europe: Dominates Technology Development
The United Kingdom: Global Leader
Ocean Energy: Opportunities and Challenges
Opportunities
Decades of Dedication
Huge Potential
Predictability and Abundant Resources Edge Out Other Renewable Energy Sources
Reducing Dependence on Exhaustible Energy Sources
Low Production Cost
Challenges
Extensive Support Required for R&D
Maintenance Problems
High Infrastructure Cost
Environmental Problems & Concerns
Unforeseen Expenditure
Technological Challenges
Non-Technological Barriers
Grid Connection
Regulatory Structure
Financial Motivation
Other Barriers
Industry Firsts
Status of Technology

2.TIDAL POWER

Overview
Evolution of Tidal Power
Methods of Energy Conversion
Tidal Barrage

Table 5. Worldwide Major Locations with Mean Tidal Range >5 Meters (includes corresponding Graph/Chart)

Major Drawbacks of Barrage System
Limited Area
Environmental Hazards
Tidal Streams
Tidal Energy: Abundant Resources Despite Technology Barriers
Tidal Power and Science
Potential of Tidal Power
Advantages and Disadvantages
Inexhaustible and Highly Reliable
Cost and Environmental Concerns
Application of Tidal Power
Projects Initiated

Table 6. Select Tidal Projects Worldwide (2008)
Table 7. Global Ocean Energy Industry (2008): Breakdown of Tidal Energy Installations by Technology (Capacity in MW) (includes corresponding Graph/Chart)

First-generation Tidal Power Plants
Drawbacks
Second-Generation or Tidal Current Devices
Advantages
Future Perspective of Tidal Energy

3.WAVE POWER

Market Overview
Availability of Wave Energy
Major Resources
Potential of Wave Power
Advantages of Wave Energy
Challenges Faced by Wave Energy Power Facilities
Technology Overview
Oscillating Water Column (OWC)
Point Absorption Devices
Attenuator
Overtopping Devices

Table 8. Global Ocean Energy Market (2009): Status of Wave Energy Scaling Technologies by Type
Table 9. Global Ocean Energy Market (2008): Breakdown of Wave Energy Installations by Technology (Capacity in MW) (includes corresponding Graph/Chart)

Technology Development: UK and Portugal Lead the Way
Select Wave Power Projects by Country
US
UK
Ireland
Scotland
Hawaii
Portugal

4.SALT POWER

Introduction
Resources

Table 10. Major Resources of Osmotic Energy Worldwide (includes corresponding Graph/Chart)

Technology Development
Major Projects

5.OCEAN THERMAL ENERGY

Introduction
Mechanism
State-of-the-Art

6.MAJOR WAVE & TIDAL ENERGY PROJECTS

The United Kingdom
North America

7.COMPETITIVE SCENARIO

Global Ocean Energy Market: Breakdown of Market Participants in the Wave Power Segment by Technology

Table 11. Global Ocean Wave Energy Market: Percentage Breakdown of Technology Adoption by Market Participants (includes corresponding Graph/Chart)

Global Ocean Energy Market: Breakdown of Market Participants in the Tidal Power Segment by Technology

Table 12. Global Ocean Tidal Energy Market: Percentage Breakdown of Technology Adoption by Market Participants (includes corresponding Graph/Chart)

8.REGIONAL MARKETS

North America
The United States
Ocean Energy Gaining Momentum
Research and Development
Major Funding in the Recent Past
Wave Energy Market
OPT: The First Company to Issue IPO
Tidal Energy
Ocean Thermal Energy Conversion
Canada
Focusing on Waves and Tides
Leads Tidal Energy Resources
Nova Scotia
New Brunswick
Status of Wave Energy
Holds Promise Despite Limited Development
Europe
Ocean Energy Experiences Recession Effect
Focus on Select European Markets
Denmark
Wave Energy
Finland
Wave Energy
France
Tidal Energy
Germany
Wave Energy
Greece
Wave Energy
Norway
Tidal Energy
Wave Energy
Portugal
Wave Energy
Pelamis Wave Power
WaveRoller
Russia
Tidal Energy
Spain
Wave Energy
Sweden
Wave Energy
The United Kingdom
Leads the Ocean Energy Industry
Reviving Interest in Marine Energy
Challenges Faced by the Marine Energy Market
Marine Energy Market Attracting Private Investors
Tidal Energy
Select Tidal Energy Projects
Eday Island
Alderney Island
Northern Ireland
The Skerries
Pentland Firth
Wave Energy
Select Wave Energy Projects
Scotland: A Major Market
Wave Energy
Ireland
Wave Energy
Wavebob Ltd.
Ocean Energy
Asia-Pacific
Australia
Wave Energy
Port Kembla
Fremantle
King Island
China
Tidal Energy
Wave Energy
India
Tidal Energy
Wave Energy
Ocean Thermal Energy Conversion
Japan
Wave Energy
Korea
Tidal Energy
Sri Lanka
The Philippines
Rest of World
Cuba
Ocean Thermal Energy Conversion
French Polynesia
Ocean Thermal Energy Conversion
Mexico
Wave Energy
Palau
Ocean Thermal Energy Conversion
Puerto Rico
Ocean Thermal Energy Conversion
South Africa
Wave Energy

9.CONCEPTS OF OCEAN ENERGY

Ocean Energy
Types of Ocean Energy
Marine Renewable Energy
Marine Non-renewable Energies
Ocean Energy Extraction
Mechanical Energy
Thermal Energy
Electricity Conversion Systems
Ocean Thermal Energy Conversion (OTEC)
Wave Energy
Tidal Energy

10.RECENT INDUSTRY ACTIVITY

Renewable Energy Holdings to Acquire Stake in Carnegie Corporation
Statkraft Acquires Stake in Atlantis Resources
Vattenfall Takes Over Interest in Irish Company
Crescent Point Takes Over Wave Energy
Orecon Becomes a Member of UK Wave Hub
Atlantis Resources to Experiment World's Largest Tidal Turbine
Pulse Tidal Unveils New Prototype Tidal Energy System
Aquamarine Power Rolls Out Hydro-Electric Wave Energy Device
Nova Scotia to Establish Tidal Energy Facility
Ocean Power Technologies Collaborates with Lockheed Martin
Voith Hydro Forms Joint Venture with RWE Innogy
Port of Hanstholm and University of Aalborg to Deploy New Wave Energy Centre
Florida Atlantic University Obtains Federal Grant
Atlantis Resources Forges Deal with Gujarat Government
Om Sai Mantra Powergen to Establish Power Plant
Orecon Enters into Joint Venture with Eneolica
Voith Hydro and RWE Innogy Enter into Joint Venture
Aquamarine Power Enters into Partnership with Airtricity
Marine Current Turbines Enters into Partnership with Minas Basin Pulp and Power Company
Orecon and Estaleiros Navais Do Mondego Sign Construction Agreement
Biopower Systems to Explore Wave Energy Generation from Pacific Ocean
Ocean Power Technologies and Lockheed Martin Sign Agreement
AW-Energy Receives Contract from the European Union
Ocean Power Technologies Inks Agreement with South West Regional Development Agency
The Crown Estate and Marine Current Turbines Ink Agreement
Vattenfall Signs Agreement with Wavebob
EDF Energy Nouvelles Signs Agreement with Renewable Energy Holdings
Pacific Gas and Electric Company and Finavera Renewables Ink Agreement
Lockheed Martin Secures Contract from U.S. Navy
Voith Siemens Hydro Power Generation to Change Name to Voith Hydro
Rentricity to Install Energy Recovery System
PWP Obtains Order from E.on for Wave Energy Converter
Dresser-Rand and Orecon Ink Memorandum of Understanding
Ocean Power Technologies Inks Agreement with Lockheed Martin
Alstom Hydro Signs Agreement with Clean Current Power Systems
Ocean Power Technologies Inks Agreement with Japan Wind Development, Mitsui Engineering & Shipbuilding, and Idemitsu Kosan
Ocean Power Tech Inks Agreement with Griffin Energy
BioPower Signs Agreement with Siemens
Atlantis Resources Takes Over Morgan Stanley's Business
Emera Acquires Stake in OpenHydro Group
Ocean Power Technologies Inks Agreement with Leighton Contractors
Ocean Power Technologies Enters into Agreement with Griffin Energy
Federal Energy Regulatory Commission Approves Installation and Licensing of Hydrokinetic Power Station
Ocean Power Technologies Signs Agreement with Leighton Contractors
Lockheed Martin Enters into Partnership with Industrial Technology Research Institute
Atlantis and CLP Sign Memorandum of Understanding
Aquamarine Power Invests in Ocean Flow Energy
IBERDROLA Enters into Agreement with Tecnalia
SDE ENERGY and DESALINATION Ink Agreement
EDF to Build Tidal Turbine System
Korea to Set Up Power Plant
ESB Independent Energy Inks Power Purchase Agreement
NYC Deploys Aluminum Alloy Turbine

11.FOCUS ON SELECT DEVICE DEVELOPERS

Atlantis Resources Corporation Pte Limited (Singapore)
Marine Current Turbines (UK)
Oceanlinx Limited (Australia)
Ocean Power Technologies, Inc. (USA)
OpenHydro Group (UK)
Pelamis Wave Power Ltd. (UK)
Verdant Power, Inc. (US)

12.GLOBAL MARKET PERSPECTIVE

Table 13. World Recent Past, Current & Future Analysis for Ocean Energy – Installed Ocean Energy Capacity in Megawatts for Years 2006 through 2015 (includes corresponding Graph/Chart)
Table 14. World Recent Past, Current & Future Analysis for Ocean Energy – Annual Revenues in US$ Million for Years 2006 through 2015 (includes corresponding Graph/Chart)

III. COMPETITIVE LANDSCAPE

Total Companies Profiled: 56 (including Divisions/Subsidiaries - 60)
Region/CountryPlayers
The United States
Canada
Europe
France
Germany
The United Kingdom
Spain
Rest of Europe
Asia-Pacific (Excluding Japan)
Middle East
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