Marine energy is the energy carried by ocean waves. The movement of the water creates a large amount of kinetic energy. This energy can be harnessed to produce electricity.
The ocean energy industry has a number of technologies and concepts. The diversity in the industry is having an unintended impact on the development of the supply chain which could play a significant role in the development of the ocean energy sector and also help in reduction of costs and the commercialization of various concepts.
Marine energy in the US is a relatively nascent industry and lags behind that of the United Kingdom. However, recent developments have boosted the growth of this market, with California and Oregon leading the marine energy industry in the US. It is expected that in the next five years, the US marine energy industry will witness significant investment as well as growth.
Ocean Power Technologies, Marine Current Turbines, Oceana Energy, etc., are some of the most powerful players in the industry.
Aruvian Research analyzes the Marine Energy industry in the US in its research reports Analyzing Marine Energy in the US. The report begins with a brief profile of the global energy industry and the global renewable energy industry. We look at the oil market, the natural gas market and the future perspective of the global energy industry.
Analyzing the global market for marine energy, we look at the industry through an overview of what is marine energy and the technology behind marine energy. In our report, we analyze the marine energy industry through the technologies of tidal energy and wave energy. We include industry statistics, supply chain analysis, installed capacity of marine energy worldwide and generation statistics of marine energy worldwide. We analyze global statistics as well as installed capacity and generation capacity for both tidal energy and wave energy.
Moving to the analysis of the marine energy market in the US, we analyze the industry through an industry overview, the capacity of tidal energy in the US, the capacity of wave energy in the US, as well as generation statistics of both tidal and wave energy. An economic analysis of marine energy in the US is also undertaken. We carry out an analysis of marine energy in California and Oregon, followed by a look at the regulatory framework in the country impacting the marine energy industry.
Major industry players such as Ocean Power Technologies, AWS Ocean Energy, Pelamis, etc., are analyzed in this in-depth report on marine energy in the US from Aruvian Research.