Wave-powered Water Pumping Market: Overview
- Wave-powered water pumping offers an economical, sustainable, scalable, and eco-friendly solution for supply of water for a variety of purposes such as desalination of water
- By using wave-powered water pumps, pressurized seawater arriving on shore can be pumped into a desalination facility without the need for grid-tied electricity or costly fossil fuels to run generators
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- In wave-powered water pumping, the wave action is intended to activate the pumps that can pump seawater through a series of tubes to water turbines, which eventually drive electric generators located along the shore
- A wave-powered pump comprises an OWC-type (oscillating water column type) wave chamber and a series of specially shaped basins that are stacked on top of one another in such a way that there is a room for water to flow
- On the other hand, wave-powered pumps allow for more efficient energy conversion than the conventional OWC-type pumps, which usually use electrically powered air turbines
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Key Drivers of Global Wave-powered Water Pumping Market
- Growing scarcity of fresh water is driving the installation of wave-powered water pumping systems on an increasingly large scale
- Growing concerns about the environment and rising usage of clean energy substitutes are likely to be key factors driving the global wave-powered water pumping market during the forecast period
- With favorable policies and initiatives, governments across the world have taken a few steps toward promotion of wave-powered water pumping systems. This, in turn, would provide ample opportunities to the global wave-powered water pumping market in the near future.
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Restraints of Global Wave-powered Water Pumping Market
- A common issue associated with wave energy is that only height of the wave but also period of the wave needs to be considered. This becomes a more complicated issue when continuous pumping of water is required.
- Also, harnessing wave power causes a potentially harmful impact on the marine environment. For example, noise pollution can have a negative impact if not monitored properly.
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In March 2018, Tveter Power, a Norway-based company, started trialing a pumping device driven by wave power at an oceanic platform called the PLOCAN test site off Canary Islands. Tveter Power was founded in 2011, with an objective to develop and market renewable energy-driven devices; install and operate desalination plants; and carry out research and development of new technologies based on renewable energy. The first stage of the project was implemented in 2016 and 2017 on the Atlantic coast of Norway, where a preliminary version of the device underwent several resistance trials.
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