Point Absorber Market Dynamics 2021-2031
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 2031" 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.
MARKET DYNAMICS
Drivers-
Restrains
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 2021 to 2031 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.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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 2021 to 2031 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.
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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Point Absorber Market - By Type
1.3.2 Point Absorber Market - By Application
1.3.3 Point Absorber Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POINT ABSORBER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. POINT ABSORBER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. POINT ABSORBER MARKET - GLOBAL MARKET ANALYSIS
6.1. POINT ABSORBER - GLOBAL MARKET OVERVIEW
6.2. POINT ABSORBER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POINT ABSORBER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SILICA GEL
7.3.1. Overview
7.3.2. Silica Gel Market Forecast and Analysis
7.4. ALUMINA
7.4.1. Overview
7.4.2. Alumina Market Forecast and Analysis
7.5. ACTIVATED CARBON
7.5.1. Overview
7.5.2. Activated Carbon Market Forecast and Analysis
7.6. POLYAMIDE
7.6.1. Overview
7.6.2. Polyamide Market Forecast and Analysis
7.7. DIATOMITE
7.7.1. Overview
7.7.2. Diatomite Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. POINT ABSORBER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. WATER TREATMENT
8.3.1. Overview
8.3.2. Water Treatment Market Forecast and Analysis
8.4. HOUSEHOLD
8.4.1. Overview
8.4.2. Household Market Forecast and Analysis
8.5. COMMERCIAL
8.5.1. Overview
8.5.2. Commercial Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. POINT ABSORBER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Point Absorber Market Overview
9.1.2 North America Point Absorber Market Forecasts and Analysis
9.1.3 North America Point Absorber Market Forecasts and Analysis - By Type
9.1.4 North America Point Absorber Market Forecasts and Analysis - By Application
9.1.5 North America Point Absorber Market Forecasts and Analysis - By Countries
9.1.5.1 United States Point Absorber Market
9.1.5.1.1 United States Point Absorber Market by Type
9.1.5.1.2 United States Point Absorber Market by Application
9.1.5.2 Canada Point Absorber Market
9.1.5.2.1 Canada Point Absorber Market by Type
9.1.5.2.2 Canada Point Absorber Market by Application
9.1.5.3 Mexico Point Absorber Market
9.1.5.3.1 Mexico Point Absorber Market by Type
9.1.5.3.2 Mexico Point Absorber Market by Application
9.2. EUROPE
9.2.1 Europe Point Absorber Market Overview
9.2.2 Europe Point Absorber Market Forecasts and Analysis
9.2.3 Europe Point Absorber Market Forecasts and Analysis - By Type
9.2.4 Europe Point Absorber Market Forecasts and Analysis - By Application
9.2.5 Europe Point Absorber Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Point Absorber Market
9.2.5.1.1 Germany Point Absorber Market by Type
9.2.5.1.2 Germany Point Absorber Market by Application
9.2.5.2 France Point Absorber Market
9.2.5.2.1 France Point Absorber Market by Type
9.2.5.2.2 France Point Absorber Market by Application
9.2.5.3 Italy Point Absorber Market
9.2.5.3.1 Italy Point Absorber Market by Type
9.2.5.3.2 Italy Point Absorber Market by Application
9.2.5.4 United Kingdom Point Absorber Market
9.2.5.4.1 United Kingdom Point Absorber Market by Type
9.2.5.4.2 United Kingdom Point Absorber Market by Application
9.2.5.5 Russia Point Absorber Market
9.2.5.5.1 Russia Point Absorber Market by Type
9.2.5.5.2 Russia Point Absorber Market by Application
9.2.5.6 Rest of Europe Point Absorber Market
9.2.5.6.1 Rest of Europe Point Absorber Market by Type
9.2.5.6.2 Rest of Europe Point Absorber Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Point Absorber Market Overview
9.3.2 Asia-Pacific Point Absorber Market Forecasts and Analysis
9.3.3 Asia-Pacific Point Absorber Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Point Absorber Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Point Absorber Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Point Absorber Market
9.3.5.1.1 Australia Point Absorber Market by Type
9.3.5.1.2 Australia Point Absorber Market by Application
9.3.5.2 China Point Absorber Market
9.3.5.2.1 China Point Absorber Market by Type
9.3.5.2.2 China Point Absorber Market by Application
9.3.5.3 India Point Absorber Market
9.3.5.3.1 India Point Absorber Market by Type
9.3.5.3.2 India Point Absorber Market by Application
9.3.5.4 Japan Point Absorber Market
9.3.5.4.1 Japan Point Absorber Market by Type
9.3.5.4.2 Japan Point Absorber Market by Application
9.3.5.5 South Korea Point Absorber Market
9.3.5.5.1 South Korea Point Absorber Market by Type
9.3.5.5.2 South Korea Point Absorber Market by Application
9.3.5.6 Rest of Asia-Pacific Point Absorber Market
9.3.5.6.1 Rest of Asia-Pacific Point Absorber Market by Type
9.3.5.6.2 Rest of Asia-Pacific Point Absorber Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Point Absorber Market Overview
9.4.2 Middle East and Africa Point Absorber Market Forecasts and Analysis
9.4.3 Middle East and Africa Point Absorber Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Point Absorber Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Point Absorber Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Point Absorber Market
9.4.5.1.1 South Africa Point Absorber Market by Type
9.4.5.1.2 South Africa Point Absorber Market by Application
9.4.5.2 Saudi Arabia Point Absorber Market
9.4.5.2.1 Saudi Arabia Point Absorber Market by Type
9.4.5.2.2 Saudi Arabia Point Absorber Market by Application
9.4.5.3 U.A.E Point Absorber Market
9.4.5.3.1 U.A.E Point Absorber Market by Type
9.4.5.3.2 U.A.E Point Absorber Market by Application
9.4.5.4 Rest of Middle East and Africa Point Absorber Market
9.4.5.4.1 Rest of Middle East and Africa Point Absorber Market by Type
9.4.5.4.2 Rest of Middle East and Africa Point Absorber Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Point Absorber Market Overview
9.5.2 South and Central America Point Absorber Market Forecasts and Analysis
9.5.3 South and Central America Point Absorber Market Forecasts and Analysis - By Type
9.5.4 South and Central America Point Absorber Market Forecasts and Analysis - By Application
9.5.5 South and Central America Point Absorber Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Point Absorber Market
9.5.5.1.1 Brazil Point Absorber Market by Type
9.5.5.1.2 Brazil Point Absorber Market by Application
9.5.5.2 Argentina Point Absorber Market
9.5.5.2.1 Argentina Point Absorber Market by Type
9.5.5.2.2 Argentina Point Absorber Market by Application
9.5.5.3 Rest of South and Central America Point Absorber Market
9.5.5.3.1 Rest of South and Central America Point Absorber Market by Type
9.5.5.3.2 Rest of South and Central America Point Absorber Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. POINT ABSORBER MARKET, KEY COMPANY PROFILES
11.1. PELAMIS WAVE POWER LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AWS OCEAN ENERGY LTD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. OCEAN NAVITAS LTD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CARNEGIE CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. OCEAN POWER TECHNOLOGIES
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. WAVE BOB LLC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. THE EUROPEAN ENERGY CENTRE LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. WAVESTAR
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. CORPOWER OCEAN
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ECO WAVE POWER
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
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.
- 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.
- 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:
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.
- 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.
- 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.
Get Free Sample For