edge products. Ocean Power Technologies( OPT), for example, has unveiled a point absorber PB150 Power Buoy. It is a surface floating device that can generate up to 150KW power. The company is currently involved in developing devices with even greater capacities.
One drawback of point absorber deployment in sensitive areas near the shore and aquatic life zone, however, is that it has a fallout on aquatic species. The devices also change water movement and turbulence which can bring about habitant changes. Such concerns are predicted to pose a roadblock to the global market in the near future. Besides, steep installation costs and large size of equipment are also anticipated to thwart swift uptake.
Global Point Absorber Market: Regional Outlook
Geographically, the key segments of the global market for machine control system are Asia Pacific, North America, Europe, and the Rest of the World. North America, among them, is predicted to be a dominant region in the next couple of years on account of the massive investment in developing commercial scale energy generation device farm. Asia Pacific is expected to be the fastest growing regional market owing to surge in renewable energy demand and large coastal area availability.
Companies Mentioned in the Report
To present a detailed analysis of the competition prevailing in the global market for point absorber, the report profiles companies such as AWS Ocean Energy Ltd, Pelamis Wave Power Ltd, Carnegie Corporation, Ocean Power Technologies Inc., and Wave Bob Ltd.
Browse the Full Brochure at:
http:// www. transparencymarketresearch. com / point-absorber-market. html
Major regions analyzed under this research report are:
-Europe
-North America