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