Point Absorber Market Trends & Forecast Up to 2020

http://www.ssuchronicle.com/2015/07/20/point-absorber-market-trends-forecast-up-to-2020/

The point absorber is a wave energy device that could potentially provide ample quantities of power in a relatively small device as compared to other technologies.

Point absorbers are designed according to the depth and location where they have to function such as offshore, near shore and shoreline. The First type of point absorber is called as Ocean Power Technology's Power Buoy. This type of point absorber floats on the surface of the ocean. The rise and fall of the wave swell cause the buoy to rise and fall. The floating buoy comprises two rods that are coupled with devices which are similar to that of a piston within a cylinder. As the buoy rises and falls the vertical motions cause the pistons to rise and fall. The turbine is connected to the generator which produces electricity. The second type of point absorber is Carnegie Wave Energy's (CETO). This CETO utilizes the energy of the waves passing by to pull the buoy away from its structure. This in turn creates a power within a cylinder. It consists of small individual buoys that are anchored to the seafloor with buoyant buoys. As the waves pass through the device the wave pulls the buoy with it. This repeated motion creates power.
Some of the key players in the point absorbers market are Pelamis Wave Power Ltd, AWS Ocean Energy Ltd, Ocean Navitas Ltd, Carnegie Corporation, Ocean Power Technologies Inc, Wave Bob LLC and Wave Bob Ltd among others.