The wave energy converter market size stood at USD 21.08 million in 2022, and it is expected to grow at a CAGR of 4.70% during 2022–2030, to reach USD 30.44 million by 2030. This is primarily ascribed to the rising demand for electricity from renewable sources and their low environmental impact. Moreover, the increased access to the power contained in ocean waves and the rise in research and development activities are expected to boost the industry growth.
Source: https://www.psmarketresearch.com/market-analysis/wave-energy-converter-market
