Abstract
Ocean waters cover over 70% of the earth and present significant opportunities
for renewable energy systems. Ocean Energy Technologies and Components
Worldwide contains comprehensive data on the U.S. and world market for the
three primary Ocean Energy Technology systems: Tide Energy, Wave Energy and
Ocean Thermal Energy. The report also addresses the emerging potential of
Salinity Gradient systems. The report identifies key trends affecting the
marketplace, along with trends driving growth, and also profiles major
domestic and global marketers and geographic hot spots for ocean energy
technology implementation. This SBI study presents a comprehensive overview of
the growing market for ocean energy technologies in the United States and
throughout the world. Falling within the parameters of this study are all
ocean energy technology systems and products. This study includes both public
and privately funded systems that are in development or have already been
installed. This study also includes emerging systems that are in the early
development stages.
Global energy consumption amounts to over 17,400 Terawatt hours per year, with
United States' use alone accounting for approximately11,200 Terawatt hours per
year. Ocean energy technology has the potential to generate over 93,100
terawatt hours/year with the two most viable options being wave technology and
thermal gradient technology. Wave Energy technology alone has the potential to
produce up to 80,000 TWH/year, while OTEC could produce up to 10,000 TWH/year.
Salinity Gradient technology, still an emerging science, has the potential to
produce 2000 TWH/year. Given the Obama administration' s commitment to green
technology and renewable energy alternatives, the outlook for 2009-2010 is
very positive for increased investment in both domestic and global ocean
energy developments.
In September 2008, New York City installed the first Tidal-Power Turbine
system in the United States. As part of a plan for New York to generate up to
80% of the city' s power from renewable energy sources, the completed
Tidal-Power Plant is expected to provide power for up to 10,000 households.
New York' s Tidal-Power program shows how ocean energy technology is quickly
catching up to the more familiar renewable wind and solar power sources.
In Aguż’adoura, Portugal, the successful installation of the world' s first
multi-unit wave farm will generate 2.5 MW, enough to power 1500 homes. The
wave tidal energy market alone could be worth over $280 billion per year. In
Hawaii, Taiwan Industrial Technology has entered into collaboration with
Lockheed Martin to develop a 10MW Ocean Thermal Energy Conversion (OTEC) pilot
plant.
Within the United States, Maine and Alaska offer the best conditions for tidal
power plants, while Hawaii and the Atlantic coast have the tropical conditions
required for Ocean Thermal Energy Conversion. Recent tests along northern
California' s Redwood Coast indicate that the west coast could be an ideal area
for testing wave energy systems. While the U.S. is among the global leaders in
Ocean Wave and Tidal Current developments, the U.K. dominates the field as of
2008. India and Japan are the global leaders in Ocean Thermal Energy
Conversion, while Mexico and Norway are among the initial investors in
Salinity Gradient systems.
Report Methodology
The information in Ocean Energy Technologies and Components Worldwide is based
on primary and secondary data from the U.S. Energy Information Administration,
the European Ocean Energy Association, the International Energy Agency and the
Sustainable Energy Coalition, along with information from trade associations
such as the Ocean Renewable Energy Coalition and business journals, company
literature and websites, and research services such as Simmons Market Research
Bureau.
What You' ll Get in This Report
Ocean Energy Technologies and Components Worldwide makes important predictions
and recommendations regarding the future of this market, and pinpoints ways
current and prospective players can capitalize on current trends and spearhead
new ones. No other market research report provides both the comprehensive
analysis and extensive data that Ocean Energy Technologies and Components
Worldwide offers. Plus, you' ll benefit from extensive data, presented in
easy-to-read and practical charts, tables and graphs.
How You' ll Benefit from This Report
If your company is already doing business in the Ocean Energy Technology
market, or is considering taking the plunge, you will find this report
invaluable as it provides a comprehensive package of information and insight
not offered in any other single source. You will gain a thorough understanding
of the current market for four types of ocean energy technology, as well as
projected markets and trends through 2013.
This report will help:
- Entrepreneurs and Investors identify market opportunities and gain a
better understanding of which types of areas benefit most from ocean energy
technology.
- Research and development professionals stay on top of competitor
initiatives and explore demand for ocean energy technology.
- Green Marketing and Advertising agencies working with clients in the green
energy market understand the potential impact of ocean energy technology and
the advantages for coastal cities.
- Business development executives understand the dynamics of the ocean
energy technology market and identify possible private and government
partnerships.
- Information and research center librarians provide market researchers,
brand and product managers and other colleagues with the vital information
they need to do their jobs more effectively.
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