Wave Energy Market to Witness an Outstanding Growth during 2020 – 2027

The global wave energy market was valued at $43.8 million in 2019, and is projected to reach $141.1 million by 2027, growing at a CAGR of 17.8% from 2020 to 2027. Wave energy is the one of the renewable energies extracted from the ocean source, other being tidal currents, tidal range, biofuels from marine biomass …

Wave Energy Market Foreseen to Draw a Promising Growth of $141.1 million by 2027

Allied Market Research recently published a report, titled, “Wave Energy Market by Technology, Location, and Application: Global Opportunity Analysis and Industry Forecast, 2020–2027”. As per the report, the global wave energy industry was pegged at $43.8 million in 2019, and is projected to reach $141.1 million by 2027, growing at a CAGR of 17.8% from 2020 to 2027. By technology, the oscillating …