As per our latest research, the global ocean energy market size reached USD 5.7 billion in 2024, reflecting the increasing adoption of renewable energy sources worldwide. The market is poised to grow at a robust CAGR of 13.2% from 2025 to 2033, with the market forecasted to reach USD 17.1 billion by 2033. This significant growth is driven by a combination of technological advancements, supportive government policies, and the urgent need to decarbonize energy systems. The ocean energy market is witnessing substantial investments and innovation, positioning it as a key contributor to the global transition towards sustainable energy solutions.
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Ocean Energy Market Research Report 2033
