The global ocean thermal energy conversion plant market is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled “Ocean Thermal Energy Conversion Plant Market Size, Share and Global Trend By Engine Type (Closed Cycle, Open Cycle, Hybrid Cycle), By Location (Land Based, Floating) and By Geography Forecast till 2026”. The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period. It also offers an exclusive insight into various details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.
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The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other ocean thermal energy conversion plant market trends. The report is available for sale on the company website.
Moreover, an increasing number of OTEC plants have begun providing production opportunities for hydrogen as well as supporting the desalination process of water.
List of the prominent market players operating in the global ocean thermal energy conversion plant market:
- Makai Ocean Engineering
- Akuo Energy
- OTEC International LLC
- UTM OTEC
- Bardot Group
Recently, in April 2019, Global OTEC Resources announced that it has completed its initial feasibility studies and design for using OTEC technology. This was developed to provide energy across the Maldives. Furthermore, the company has received approximately £80,000 from Marine-I to take their work to the next level which will begin by the spring of 2020.
“National Institute of Ocean Technology, Global OTEC Resources and Other Market Players Focus on the Development New Projects to Gain Competitive Edge”
National Institute of Ocean Technology, (NIOT), headquartered in Chennai, announced in October 2018 that it has planned to build an OTEC plant in Kavaratti Island in Lakshadweep. The plant is considered to be India’s first ocean power generation project. The power plant is anticipated to be generated under 200 kW. The entire project is currently under its design phase and the construction work is likely to begin in 2019.
Global OTEC Resources, a prominent developer of OTEC technologies, based in the U.K., announced in September 2018 that it has bagged a fund of £140,000 from Marine-I, a provider of innovative marine technology. The grant has allowed Global OTEC Resources to open a new research and development facility in Newquay. It will house an efficient team of four that would work to create the company’s innovative concepts in order to use OTEC. This will mainly be done for ‘off-grid’ resorts in the Caribbean and Maldives.
View press release for more information @ https://www.marketwatch.com/press-release/how-will-ocean-thermal-energy-conversion-plant-market-deal-with-the-covid-19-crisis-2020-04-07
Regional Analysis for Ocean Thermal Energy Conversion Plant Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Ocean Thermal Energy Conversion Plant Market:
- Executive Summary
- Market Dynamics
- Key Ocean Thermal Energy Conversion Plant Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- Global Ocean Thermal Energy Conversion Plant Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
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