The report, now available on ASDReports, recognizes the following companies as the key players in the Global Ocean Power Market: ANDRITZ HYDRO Hammerfest, Atlantis Resources, Ocean Power Technologies, OpenHydro, Seabased, and Wello Oy.
Commenting on the report, an analyst said: “One trend affecting this market is the increasing focus on clean energy development.”
According to the report, one driver influencing this market is the growing need for reducing the dependency on fossil fuel.
Further, the report states that one challenge affecting this market is the high project cost.