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Last Updated: Apr 25, 2025 | Study Period: 2022-2027
Hydrokinetic converters are semiconductor devices that transform ocean and river wave, tidal, and other forms of energy into electrical energy.
Hydrokinetic converters do not emit any harmful air emissions, such as greenhouse gases, when generating energy. It generates renewable energy while emitting no greenhouse gases.
In addition, the usage of hydrokinetic converters lessens the burden of non-renewable energy resources, hence reducing non-renewable energy resource depletion indirectly. Turbines, generators, and connecting channels are used to put together hydrokinetic converters.
Hydrokinetic converters generate electrical energy using natural resources that are freely available in nature, making them more economically viable for end users.
The hydrokinetic converter generates electricity by moving water, which is a different technology than that utilised in traditional hydropower devices. These can be placed immediately in oceans or rivers, and they simply use the tidal stream to generate electricity. The amount of electric energy produced is determined by the density of the water and the speed of the tidal current.
During the forecast period, the utility scale product category is expected to increase significantly and provide significant revenue potential. This is because the need for utility-scale hydrokinetic converters to generate electric energy is being impacted by the depletion of nonrenewable energy sources.
Despite the fact that water speed is erratic and unsteady, the hydrokinetic converters can nevertheless meet demand at peak power.
The Global Hydrokinetic Converter Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2027, registering a CAGR of XX% from 2022 to 2027.
Hydrokinetic Energy Corp. is a company that develops hydrokinetic turbines for the generation of electricity.
The major goal is to generate electricity from a very reliable, renewable, and long-term source, notably ocean, tidal, and river currents around the world.
SHARKS teams will create innovative Hydrokinetic Turbines (HKT) designs for tidal and riverine currents that are both cost-effective and environmentally friendly.
Hydrokinetic energy is a plentiful renewable resource that can improve grid resiliency and minimise infrastructure risk, although it is currently more expensive than other energy sources.
ABB hydrokinetic converters are based on ABB's frequency converter platform, which has been used in hundreds of applications across the world. They're made to work reliably in the most extreme conditions.
Power converters from ABB make it possible to input energy from hydrokinetic sources like tides, waves, and rivers into the grid in an efficient and dependable manner.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2022-2027 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2027 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
| 21 | Product installation rate by OEM, 2022 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2022 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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