GLOBAL OCEAN CURRENT TURBINE MARKET

INTRODUCTION

 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.

GLOBAL OCEAN CURRENT TURBINE MARKET SIZE AND FORECAST

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.

NEW PRODUCT LAUNCH

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.

COMPANY PROFILE

• Toshiba
• ABB Ltd.,
•  GE Power
•  Mitsubishi Heavy Industries, Ltd.
•  Doosan Heavy

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

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