The ocean power market size was valued at $0.6 billion in 2021, and is estimated to reach $7.8 billion by 2031, growing at a CAGR of 21.4% from 2022 to 2031. Ocean power, also known as marine energy, refers to the harnessing of renewable energy from the world’s oceans and seas. This energy is derived …
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The ocean power market size was valued at $0.6 billion in 2021, and is estimated to reach $7.8 billion by 2031, growing at a CAGR of 21.4% from 2022 to 2031. Significant development of end-use industries such as manufacturing, aquaculture, water desalination, transportation, and power generation fuels growth of the ocean power market during the …
Continue reading “Ocean Power Market Expected to Hit $7.8 Billion by 2031”