France Ocean Energy Market Size, Share, And COVID-19 Impact Analysis, By Type (Tidal Barrages, Tidal Stream, Wave Energy, and Others), By Application (Power Generation, Desalination, and Water Pumping), And France Ocean Energy Market Insights, Industry Trend, Forecasts To 2035.

France Ocean Energy Market Insights Forecasts to 2035

• The France Ocean Energy Market Size is Expected to Grow at a CAGR of around 18.9% from 2025 to 2035
• The France Ocean Energy Market Size is expected to hold a significant share by 2035

According to a research report published by Spherical Insights & Consulting, The France Ocean Energy Market Size is anticipated to hold a significant share by 2035, growing at a CAGR of 18.9% from 2025 to 2035. The France ocean energy market is driven by the need for renewable energy sources to combat climate change and reduce reliance on fossil fuels.

Market Overview:

Ocean power, or marine power, is renewable and green power that is generated from the ocean and does not emit any greenhouse gases during its production. Ocean power is sourced from different sources such as tides, tidal currents, waves, solar, salinity gradient, and thermal gradient. Oceans cover over 70% of the surface of the Earth and contain approximately 97% of the water of the world. They also have massive potential as plentiful, renewable, and clean energy supplies. There is also ocean energy from water temperature differences, which can be harnessed by the ocean thermal energy conversion. Numerous different methods and technologies in development capture and transform wave energy into electricity. Techniques vary from deploying equipment on or close to the surface of the water to anchoring equipment on the ocean floor.

Report Coverage:

This research report categorizes the France ocean energy market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France ocean energy market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France ocean energy market.

Driving Factor

Researching alternative energy sources, such as ocean energy, is becoming increasingly popular since the energy requirements of the world continue to grow. Feed-in tariffs and subsidies are but two of the policies and incentives governments around the globe are using to encourage the development of maritime energy projects. It has become more affordable and possible to harness energy in the water, so the market has expanded. With the need for carbon reductions and climate change growing more mainstream, the popularity of harnessing renewable, clean sources of energy like ocean energy is rising.

Restraining Factor

The huge research and development expenses and equipment installation expenses of ocean energy all demand huge initial research capital, development capital, and huge infrastructure capital. The long-term reliability of the performance and uncertainties of the ocean energies, most of them in their infancy phase, with testing and optimization cycles.

Market Segmentation

The France ocean energy market share is classified into the type and application.

• The wave energy segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period

The France ocean energy market is segmented by type into wave energy into tidal barrages, tidal stream, wave energy, and others. Among these, the wave energy segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental expansion can be attributed to there are enormous amounts of wave energy in the country's oceans that can be converted into electrical power; wave energy has enormous potential. Wave energy projects are becoming more efficient and cost-competitive as a result of advancements in wave energy conversion device technology, which are being made gradually through improved designs, materials, and power take-off systems.

• The power generation segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period

The France ocean energy market is segmented by application into power generation, desalination, and water pumping. Among these, the power generation segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental expansion can be owing to the increasing number of individuals who are fascinated with renewable and sustainable means of producing electricity from ocean energy. Ocean thermal energy conversion systems, wave, and tidal are some of the ocean energies that are believed to be a new reliable source of large-scale electricity generation, especially around coastal areas where there are suitable ocean conditions. These technologies are appealing for baseload electricity supply and grid integration due to their ability to generate stable, predictable electricity, adding to other intermittent renewable energy sources such as wind and solar.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France ocean energy market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Ocean Power Technologies, Inc.
• Eco Wave Power
• CorPower Ocean
• Mocean Energy
• Nova Innovation Ltd.
• Minesto AB
• Carnegie Clean Energy
• Aqua-Magnetics, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the France, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the France ocean energy market based on the below-mentioned segments:

France Ocean Energy Market, By Type

• Tidal Barrages
• Tidal Stream
• Wave Energy
• Others

France Ocean Energy Market, By Application

• Power Generation
• Desalination
• Water Pumping