Point Absorber Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Point Absorber Market covers analysis By Type (Silica Gel, Alumina, Activated Carbon, Polyamide, Diatomite, Others); Application (Water Treatment, Household, Commercial, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00029715
  • Category : Energy and Power
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW
The point absorber market will likely grow due to rising global renewable energy demand over the coming years. Additionally, increasing sustainable energy requirements at a commercial scale are expected to further propel the global point absorber market over the forecast period. Furthermore, Stringent regulations regarding conventional energy generation methods are also projected to impact market growth positively. Moreover, the point absorber continuously generates energy irrespective of wave directions which is an advantage over other wave energy generating technologies and is expected to drive market growth over the forecast period.

MARKET SCOPE
The "Global Point Absorbers Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on global market trend analysis. The report aims to provide an overview of the point absorbers market with detailed market segmentation by type, application, and geography. The global point absorbers market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading point absorbers market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The global point absorbers market is segmented by type, and application.
  •   Based on product type, the market is segmented into Silica Gel, Alumina, Activated Carbon, Polyamide, Diatomite, Others
  •   On the basis of application, the market is segmented into Water Treatment, Household, Commercial, Others

    MARKET DYNAMICS
    Drivers-
  •   Increasing sustainable energy requirements at a commercial scale are expected to further propel the global point absorber market over the forecast period.
    Restrains
  •   The point absorber deployment in sensitive areas near the shore and aquatic life zone has a negative impact on aquatic species. Such devices are expected to alter water movement and turbulence, which may result in inhabitant changes. It is expected to hinder the point absorber market over the forecast period.

    REGIONAL FRAMEWORK
    The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

    The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.

    IMPACT OF COVID-19
    The manufacturers have closed their production process due to a disrupted supply of equipment and components from suppliers located in Southeast Asian countries and China due to the shutdown owing to the COVID-19 pandemic. Additionally, those companies involved with the point absorber had to close their manufacturing units due to a lack of workforce availability, which hampered market growth to a large extent. Wave energy has an extensive global resource and, thus, a great potential to contribute to low-carbon energy systems. Increasingly ambitious carbon-reducing emissions have been passed into legislation in many countries worldwide, creating the requirement for increasing renewable electricity generation capacity. Ocean energy is a relatively under-exploited renewable source but could form an important part of low-carbon energy mixes in the future. Wave energy, in particular, has a large worldwide resource, with 29,500 TWh/yr theoretical resources estimated globally. Wave energy technologies are at a relatively nascent stage in development, with considerable progress seen in recent years. In Europe, several wave energy developers have deployed both parts- and full-scale prototypes, funded by European agencies such as the European Commission and regional funding programs such as Wave Energy Scotland. Thus, the market is expected to boost in the forecast period.

    Point Absorber Market Report Analysis

    Point Absorber Market

    • CAGR (2023 - 2031)
      XX%
    • Market Size 2023
      US$ XX Million
    • Market Size 2031
      US$ XX Million

    Report Coverage

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Key future trends
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Industry landscape and competition analysis & recent developments
    • Detailed company profiles
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

    Key Players

    • Pelamis Wave Power Ltd
    • AWS Ocean Energy Ltd
    • Ocean Navitas Ltd
    • Carnegie Corporation
    • Ocean Power Technologies
    • Wave Bob LLC
    • The European Energy Centre Ltd
    • Wavestar
    • CorPower Ocean

    Regional Overview

    • North America
    • Europe
    • Asia-Pacific
    • South and Central America
    • Middle East and Africa

    Market Segmentation

    By Type
    • Silica Gel
    • Alumina
    • Activated Carbon
    • Polyamide
    • Diatomite
    • Others
    By Application
    • Water Treatment
    • Household
    • Commercial
    • Others
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    MARKET PLAYERS

    The reports cover key developments in the point absorbers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market players from the point absorbers market are anticipated to have lucrative growth opportunities in the future with the rising demand for point absorbers in the global market. Below mentioned is the list of few companies engaged in the point absorbers market.

    The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the point absorbers market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.

    •   Pelamis Wave Power Ltd
    •   AWS Ocean Energy Ltd
    •   Ocean Navitas Ltd
    •   Carnegie Corporation
    •   Ocean Power Technologies
    •   Wave Bob LLC
    •   The European Energy Centre Ltd
    •   Wavestar
    •   CorPower Ocean
    •   Eco Wave Power
    The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

    Point Absorber Market Report Scope

    Report Attribute Details
    Market size in 2023 US$ XX Million
    Market Size by 2031 US$ XX Million
    Global CAGR (2023 - 2031) XX%
    Historical Data 2021-2022
    Forecast period 2024-2031
    Segments Covered By Type
    • Silica Gel
    • Alumina
    • Activated Carbon
    • Polyamide
    • Diatomite
    • Others
    By Application
    • Water Treatment
    • Household
    • Commercial
    • Others
    Regions and Countries Covered North America
    • US
    • Canada
    • Mexico
    Europe
    • UK
    • Germany
    • France
    • Russia
    • Italy
    • Rest of Europe
    Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
    South and Central America
    • Brazil
    • Argentina
    • Rest of South and Central America
    Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
    Market leaders and key company profiles
  • Pelamis Wave Power Ltd
  • AWS Ocean Energy Ltd
  • Ocean Navitas Ltd
  • Carnegie Corporation
  • Ocean Power Technologies
  • Wave Bob LLC
  • The European Energy Centre Ltd
  • Wavestar
  • CorPower Ocean
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    The List of Companies

    1. Pelamis Wave Power Ltd
    2. AWS Ocean Energy Ltd
    3. Ocean Navitas Ltd
    4. Carnegie Corporation
    5. Ocean Power Technologies
    6. Wave Bob LLC
    7. The European Energy Centre Ltd
    8. Wavestar
    9. CorPower Ocean
    10. Eco Wave Power

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

    Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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