Wave and Tidal Energy Market was valued at US$ 603.1 Mn. in 2021. The Global Wave and Tidal Energy Market size is estimated to grow at a CAGR of 33.3 % over the forecast period.
Wave and Tidal Energy Market Overview:
The result of extensive primary and secondary research is the Maximize Market Research study, Wave and Tidal Energy Market 2021 by Manufacturers, Regions, Segmentation, Key Players and Application, Forecast to 2029. To identify Opportunities, Challenges, Restraints, and Trends in the Wave and Tidal Energy Market, the Wave and Tidal Energy Market 2021 Industry Research Report uses top-down and bottom-up methodologies as well as analytical tools like Porter's Five Force Analysis, SWOT, and PESTLE analysis. The report also includes information on import/export consumption, supply and demand statistics, cost, price, income, and gross margins.
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Wave and Tidal Energy Market Scope
Two sources of energy are classified according to production. Tidal Energy and Wave Energy The tidal power industry is anticipated to expand at a CAGR of more than 15.8% during the anticipated time frame. The Floating Tidal Power Platform is expected to grow rapidly during the estimated period due to the fact that floating turbine systems may generate more energy than those fixed to the seabed.
The Wave and Tidal Energy Market is divided into three categories based on Application: Power Production, Desalination, and Others. The power generating category will account for a sizeable portion of the market in 2021, accounting for 46%, due to increased electrical power demand globally and technological improvement. As a result, expanding power production capability is necessary to meet global demand.
Segmentation
Two sources of energy are classified according to production. Tidal Energy and Wave Energy The tidal power industry is anticipated to expand at a CAGR of more than 15.8% during the anticipated time frame. The Floating Tidal Power Platform is expected to grow rapidly during the estimated period due to the fact that floating turbine systems may generate more energy than those fixed to the seabed.
The Wave and Tidal Energy Market is divided into three categories based on Application: Power Production, Desalination, and Others. The power generating category will account for a sizeable portion of the market in 2021, accounting for 46%, due to increased electrical power demand globally and technological improvement. As a result, expanding power production capability is necessary to meet global demand.
Key Players
• Aquamarine Power Ltd.
• Marine Current Turbines Ltd.
• Atlantis Resources Ltd.
• AquaGen Technologies
• Tenax Energy
• Ocean Renewable Power Company LLC
• Ocean Power Technologies, Inc.
• Carnegie Wave Energy
• Pelamis Wave Power
• IHI Corporation
• YAM PRO Energy
• AW Energy Oy Ltd
• Eco Wave Power
• CorPower Ocean AB
• Mocean Energy
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Regional Analysis
The regional elements of the Wave and Tidal Energy market are provided in the various sections on regional segmentation. The regulatory environment that is anticipated to have an impact on market expansion is included in the study. It describes the political climate in the industry and predicts how it will affect the global market for Wave and Tidal Energys. The availability and presence of international brands, the difficulties they face due to fierce competition from local and domestic brands, the effects of domestic tariffs, and trade methods are all taken into consideration. The five regions covered by the Wave and Tidal Energy research are North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Key Questions answered in the Wave and Tidal Energy Market Report are:
What is Wave and Tidal Energy Market?
What is the forecast period of the Wave and Tidal Energy Market?
What is the competitive scenario of the Wave and Tidal Energy market?
Which region held the largest market share in the Wave and Tidal Energy Market?
What are the opportunities for the Wave and Tidal Energy Market?
What factors are affecting the Wave and Tidal Energy market growth?
Who are the key players of the Wave and Tidal Energy market?
Key offerings:
Market Share, Size, and Forecast by Revenue|2022-2029
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Wave and Tidal Energy Market.
Landscape- Leading key players and other prominent key players.
Table Of Content:
1. Global Wave and Tidal Energy Market Size: Research Methodology
2. Global Wave and Tidal Energy Market Size: Executive Summary
2.1. Market Overview and Definitions
2.1.1. Introduction to Global Wave and Tidal Energy Market Size
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Wave and Tidal Energy Market Size: Competitive Analysis
3.1. MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2. Consolidation in the Market
3.2.1 M&A by region
3.3. Key Developments by Companies
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunities
3.7. Market Challenges
3.8. Market Dynamics
3.9. PORTERS Five Forces Analysis
3.10. PESTLE
3.11. Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
3.12. COVID-19 Impact
4. Global Wave and Tidal Energy Market Size Segmentation
4.1. Global Wave and Tidal Energy Market Size, by Production (2021-2029)
• Wave Energy
• Tidal Energy
4.2. Global Wave and Tidal Energy Market Size, by Application (2021-2029)
• Power Generation
• Desalination
• Others
4.3. Global Wave and Tidal Energy Market Size, by Technology (2021-2029)
• Oscillating Water Convertor
• Oscillating Body Convertor
• Tidal Turbine
• Tidal Barrages
• Others
5. North America Wave and Tidal Energy Market (2021-2029)
5.1. North America Wave and Tidal Energy Market Size, by Production (2021-2029)
• Wave Energy
• Tidal Energy
5.2. North America Wave and Tidal Energy Market Size, by Application (2021-2029)
• Power Generation
• Desalination
• Others
5.3. North America Wave and Tidal Energy Market Size, by Technology (2021-2029)
• Oscillating Water Convertor
• Oscillating Body Convertor
• Tidal Turbine
• Tidal Barrages
• Others
5.4. North America Wave and Tidal Energy Market, by Country (2021-2029)
• United States
• Canada
• Mexico
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Mar 15, 2023