Wave and Tidal Energy Market: Global Industry, Trends, Market Size, Forecast up to 2030

Japan, Japan, Wed, 12 Jan 2022 06:16:37 / Comserve Inc. / -- Wave and tidal energy market was valued at US$ 487.7 Mn in 2014 and is anticipated to reach US$ 13978.0 Mn in 2025, expanding at a CAGR of 23% from 2019 to 2025.

Ocean power technology is mainly categorized into three types wave energy, tidal energy and ocean thermal energy. Wave energy and tidal energy are ways of harnessing energy used for power generation. These are the forms of renewable energy which provides stable and constant source of energy. Tidal energy is formed by using the tidal energy generators. These are large and underwater turbines which are located in high tidal movement areas. These turbines capture the kinetic energy of ocean tides and produce electricity. Tidal energy is determined from the gravitational pull of the sun and moon. Rising and falling of waves are occurs two times a day so huge movements are occur in water. Fall of wave known as low tide in which water flows out the dam and rise in wave called as high tide in which water flows into the dam. The tidal energy is reliable, conventional and non polluting form of energy.

Wave and tidal energy market was valued at US$ 487.7 Mn in 2014 and is anticipated to reach US$ 13978.0 Mn in 2025, expanding at a CAGR of 23% from 2019 to 2025.

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The major driving factors of wave and tidal energy market are as follows:

Conventional and regular resource of renewable energy
Developing large project phases in a small area providing scalability
Generating power for remote locations
Cost efficiency
Well built government policy structure motivate schemes

The restraining factors of wave and tidal energy market are as follows:

Require funding channels
Need of business deployment of project because of low technology development
High resources investments

The wave and tidal energy market is segmented on the lines of its type and regional. Under type segmentation it covers wave energy and tidal energy. The wave and tidal energy market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:

1) An overview of the global market for wave and tidal energy and related technologies.

2) Analyses of global market trends, with data from 2016, estimates for 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2025.

3) Identifications of new market opportunities and targeted promotional plans for wave and tidal energy

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.

REPORT SCOPE:

The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Wave Power Ltd., Carnegie Wave Energy Ltd., Ocean Power Technologies, Inc., Ocean Renewable Power Company LLC, Tenax Energy, AquaGen Technologies, Atlantis Resources Ltd., S.D.E. Energy Ltd. (WERPO Wave Energy), Marine Current Turbines Ltd., and Aquamarine Power Ltd.. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry's most influential players.

The Wave and Tidal Energy Market has been segmented as below:

By Type Analysis

Wave energy
Tidal energy

By Regional Analysis

North America
Europe
Asia-Pacific
Rest of the World

Reasons to Buy this Report:

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3) Facilitate decision making on the basis of strong historic and forecast of coating industry and unit capacity data.

4) Assess your competitor's refining portfolio and its evolution.

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