Wave Energy Market to 2022- Industry Trends, Growth Prospects: Grand View Research, Inc

Global wave energy market is projected to witness rapid growth on account of high energy demand. Increasing importance for energy production through sustainable sources is expected to positively impact the global market. Favorable regulations and incentive schemes offered by the government as well as venture capital funding will go a long way in attracting new participants and thus complementing the market growth. Drive to increase the share of wave energy in the renewable energy mix is presumed to further boost the market. Cost reductions on account of technological innovations and capacity up-scaling offer requisite opportunities to market participants. High investment costs coupled with long turnover period have increased financial risks for market participants. Such constraints regarding financial viability are expected to hinder the market growth over the forecast period. The above stated are also expected to act as entry barrier to new market participants.
http://www.grandviewresearch.com/industry-analysis/wave-energy-market