Global Offshore Hydropower Market: Consistent Government Support Vita Nov 2016 | Page 2

REPORT DESCRIPTION

The global offshore hydropower market is likely to receive increasing demand in the coming years due to the government
support being given to the development of alternative energy generation infrastructure, according to a new report from
Transparency Market Research (TMR). The report provides a clear overview of the global offshore hydropower market’s
historical trajectory and present statistics. Reliable predictions are made in the report regarding the effect of key dynamics
on the demand for offshore hydropower in the 2016-2024 forecast period.
Offshore hydropower is an alternative power source that utilizes the kinetic energy of waves to generate electricity. The
adoption of offshore hydropower is still slow due to its relatively recent emergence and the consequent lack of awareness
about its potential. While offshore hydropower is not as efficient as run-of-river or storage hydropower systems, it has
significant promise as a high-volume energy generation system.
Complete Report with TOC : http://www.transparencymarketresearch.com/offshore-hydropower-market.html
The growing concerns about the depletion of fossil fuels are the prime driver for the offshore hydropower market. The
acknowledgment of the limited availability of fossil fuels has driven government investment into renewable energy in
recent years. This has helped the rise of the offshore hydropower market, as the technological sophistication of offshore
hydropower energy generation systems is higher than other types of hydropower systems and has benefited from the
government incentives being provided to research in the field.
While offshore hydropower systems can be constructed far from settled areas, they can be problematic for the local
wildlife. This has complicated the process of constructing offshore hydropower units, as numerous stringently monitored
permits are required. This is likely to remain a leading constraint on the global offshore hydropower market in the coming
years, as environmental protection is becoming a key aim of governments across the world.
Due to the advanced technology used in offshore hydropower systems, constructing large energy generation systems is
expensive. While the steady government support has made it easier in some cases, small players are still unlikely to enter
the offshore hydropower market in the coming years.
Regionally, TMR analysts have zeroed in on Asia Pacific as a key high-volume market for offshore hydropower in the
coming years. The demand for offshore hydropower in Asia Pacific is mainly propelled by the rapid urbanization and
growth of the industrial sector in India and China, which has led to a steady rise in the demand for electricity.