Global Ocean Current Turbine Market 2023-2030

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     Future renewable energy sources with excellent potential include ocean currents. We suggest a new ocean-current turbine to capture the kinetic energy of marine currents. Ocean currents often have adequate broad cross sections. The turbines are therefore attached to the seafloor and work like kites in the water flow.


    In order to prevent the impact of surface waves in the future, turbines will be positioned about 100 m below the surface. This is crucial during typhoons. It is important to neutralise the generated rotor torque in order to run such turbines in the intermediate layer of a maritime current.


    As a result, the top of our turbine has a float, while the bottom has a counterbalance. The turbine keeps its place by virtue of buoyancy and gravity. outline the towing tests that were done to validate the float and counterweight design, and we demonstrate how the outcomes support the turbine’s hydrostatic stability and ability to generate electricity.


    Temperature, wind, salinity, bathymetry, and the rotation of the planet all contribute to the formation of strong ocean currents. The fundamental driving force behind currents is the sun, which also produces winds and temperature variations.


    There are numerous areas that are suitable for the installation of energy extraction tools like turbines since ocean currents are energy-rich and convey a lot of energy. Ocean current turbines may look identical to other marine current turbines and operate on the same principals as those other turbines.


    However, they might not need to take into consideration reversing flow because they might be constructed or optimised for slower flow rates in comparison to currents in tidal canals. The location of the devices—either geographically or within the water column—can make a significant effect.


    Tides typically occur in inland or coastal waters, but strong ocean currents are more likely to be found farther offshore. Deployment proceeds in deeper water as a result.


    In order to harness the energy of ocean currents, fixed substructures for supporting a turbine become impractical because ocean currents are greatest higher in the water column. Instead, equipment might be tied to platforms on the surface or fastened to floating structures that are tethered to the ocean floor.




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    The Global Ocean current turbine market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.



    Toshiba launched an ocean current power generation turbine system in demonstration mode. As a strategy to combat global warming, power generation powered by ocean energy from currents, temperature variations, tidal motions, waves, etc. is expected to rise in popularity.


    With the aim of creating technology that is unrivalled in the world and assisting in reducing CO2 emissions, NEDO has encouraged research and development initiatives in ocean energy power production technologies.


    In this context, Toshiba’s innovative “underwater floating type ocean current turbine system” will show how electricity may be produced in a true ocean setting, and the project is anticipated to continue.


    The research is anticipated to establish the commercial viability of ocean energy power generation, lay the groundwork for an industry, and increase energy security.





    1. How many Ocean current turbine are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Ocean current turbine and key vendor selection criteria
    3. Where is the Ocean current turbine manufactured? What is the average margin per unit?
    4. Market share of Global Ocean current turbine market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Ocean current turbine in-house
    6. key predictions for next 5 years in Global Ocean current turbine market
    7. Average B-2-B Ocean current turbine market price in all segments
    8. Latest trends in Ocean current turbine market, by every market segment
    9. The market size (both volume and value) of the Ocean current turbine market in 2023-2030 and every year in between?
    10. Production breakup of Ocean current turbine market, by suppliers and their OEM relationship


    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, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    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, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
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