Wednesday, July 31, 2013

New Market Report on the Global Market for Marine Energy

MarketResearchReports.Biz announces addition of new report “the Global Market for Marine Energy” to its database

The global marine energy industry is at an exciting and critical stage in its development. After a period of intense development, the leading technologies are now moving rapidly to deploy full scale demonstration and early commercial projects. The industry must now focus on the challenge of commercialization.

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.

Hydro power is the maximum power generator followed by wind power, biomass and geothermal power. The trend is expected to continue and solar power will also become one of the major power generators in future. Ocean energy is a source which doesn’t depend on the uncertainties associated with the fossil fuels (availability and volatility). Therefore ocean energy is an important source of energy. The ocean energy industry is in a nascent stage and can only provide small contributions to the energy portfolio. The real potential of the ocean energy is yet to be realized and will take time to develop.

Marine current power is a form of power based on harnessing the kinetic energy of marine currents. It includes both tidal power and energy derived from ocean currents. Although not widely used at present, marine current power has important potential in the future of electricity generation. The industry must prove that the technology works at a commercial scale in a challenging environment. It must also prove that the technology can be cost competitive with other forms of energy generation.

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Ocean Power Technologies, Oceanlinx, Aquamarine Power, are some of the most powerful players in the industry.

Aruvian Research analyzes the Global Marine Energy industry in its research reports Analyzing the Global Market for Marine Energy. 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, impacts on the industry along with the challenges facing the industry. Future perspective of the global energy industry is also included.

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