Home » Energy and Mining » Wave and Tidal Energy Market Size, Share, Analysis Report
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 is anticipated to reach US$ 16962 Mn in 2027, expanding at a CAGR of 23%.
The major driving factors of wave and tidal energy market are as follows:
The restraining factors of wave and tidal energy market are as follows:
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 2019, estimates for 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2027.
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
By Regional Analysis
Reasons to Buy this Report:
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4) Assess your competitor’s refining portfolio and its evolution.
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Chapter 1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
Chapter 2 Executive Summary
Chapter 3 Market Overview
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 Predictable And Constant Source Of Renewable Energy
3.3.2 Scalability Within A Small Area Allowing Large Project Development In Phases
3.3.3 Generation Of Power For Remote Locations Where Drawing Grid Connections Are Not Cost Effective Or Feasible
3.3.4 Strong Government Policy Framework And Incentive Schemes
3.4 Market Restraints
3.4.1 High Capital Investments And Lack Of Funding Channels
3.4.2 Lack Of Commercial Deployment Of Projects Due To Low Technology Maturity
3.5 Market Opportunities
3.5.1 Massive Cost Reduction Opportunities Through Technological Innovations And Capacity Up-Scaling
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining Power Of Suppliers
3.6.2 Bargaining Power Of Buyers
3.6.3 Threat From New Entrants
3.6.4 Degree Of Competition
3.6.5 Threat From Substitutes
3.7 Wave And Tidal Energy: Lifetime Plant Cost Analysis
3.7.1 Wave Energy Generation
3.7.1.1 Global Wave Energy Generation Cost Reduction Opportunities, By Cost Type
3.7.1.2 Global Wave Energy Generation Lifetime Plant Cost Breakdown And Forecast, By Cost Type, 2014 – 2024, (Mn US$/MW)
3.7.2 TIDAL ENERGY GENERATION
3.7.2.1 Global Tidal Energy Generation Cost Reduction Opportunities, By Cost Type
3.7.2.2 Global Tidal Energy Generation Lifetime Plant Cost Breakdown And Forecast, By Cost Type, 2014 – 2024, (Mn US$/MW)
3.8 WAVE AND TIDAL ENERGY: GLOBAL REGULATORY LANDSCAPE
3.8.1.1 U.K & Scotland Wave And Tidal Energy Financial Incentive Schemes
3.9 Market Attractiveness Analysis Of The Wave And Tidal Energy Market, By Region, 2015
3.10 Company Market Share Analysis
3.10.1 Company Market Share Analysis : Tidal Energy
3.10.1.1 Tidal Energy, Company Market Share Analysis (Mw), 2015
3.10.2 Company Market Share Analysis : Wave Energy
3.10.2.1 Wave Energy, Company Market Share Analysis (MW), 2015
Chapter 4 Wave And Tidal Energy Market: Type Analysis
4.1 Global Wave And Tidal Energy Market: Type Overview
4.1.1 Global Wave And Tidal Energy Market, Volume Share By Type, 2022-2027
4.2 Wave Power Plants
4.2.1 Global Wave Power Plant Capacity Estimates And Forecasts, 2022-2027 (Mw) (Us$ Mn)
4.3 Tidal Power Plants
4.3.1 Global Tidal Power Plant Capacity Estimates And Forecasts, 2022-2027 (Mw) (Us$ Mn)
Chapter 5 Wave And Tidal Energy Market: Regional Analysis
5.1 Global Wave And Tidal Energy Market: Regional Overview
5.1.1 Global Tidal Energy Market, Volume Share By Region, 2022-2027 (Mw)
5.1.2 Global Wave Energy Market, Volume Share By Region, 2022-2027 (Mw)
5.1.3 Global Wave And Tidal Energy Market, Volume Share By Region, 2014 And 2024 (Mw)
5.2 Europe
5.2.1 Europe Wave Energy Market Estimates And Forecast, 2022-2027 (Mw) (Us$ Mn)
5.2.2 Europe Tidal Energy Market Estimates And Forecast, 2022-2027 (Mw) (Us$ Mn)
5.2.3 Europe Wave And Tidal Energy Market Estimates And Forecast, 2022-2027 (Mw) (Us$ Mn)
5.2.4 Scotland
5.2.4.1 Scotland Wave Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.2.4.2 Scotland Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.2.4.3 Scotland Wave And Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.2.5 UNITED KINGDOM (U.K.)
5.2.5.1 U.K. Wave Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.2.5.2 U.K. Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.2.5.3 U.K. Wave And Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.2.6 FRANCE
5.2.6.1 France Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.2.6.2 France Wave Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.2.7 NORWAY
5.2.7.1 Norway Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.2.8 RUSSIA
5.2.8.1 Russia Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.2.9 OTHERS
5.2.9.1 Others Wave And Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.2.10 PROPOSED WAVE AND TIDAL POWER PROJECTS: EUROPE
5.2.10.1 Proposed Wave Projects
5.2.10.2 Proposed Tidal Projects
5.2.11 Regulatory Framework Snapshot: Europe
5.3 Asia Pacific
5.3.1 Asia Pacific Wave Energy Market Estimates And Forecast, 2022-2027 (Mw) (Us$ Mn)
5.3.2 Asia Pacific Tidal Energy Market Estimates And Forecast, 2022-2027 (Mw) (Us$ Mn)
5.3.3 Asia Pacific Wave And Tidal Energy Market Estimates And Forecast, 2022-2027 (Mw) (Us$ Mn)
5.3.4 South Korea
5.3.4.1 South Korea Tidal Energy Market Estimates And Forecast, 2022-2027 (Mw) (Us$ Mn)
5.3.5 Australia
5.3.5.1 Australia Wave And Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.3.6 CHINA
5.3.6.1 China Wave Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.3.6.2 China Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.3.6.3 China Wave And Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.3.7 OTHERS
5.3.7.1 Others Wave And Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.3.8 Proposed Wave And Tidal Power Projects: Asia Pacific
5.3.8.1 Proposed Wave Projects
5.3.8.2 Proposed Tidal Projects
5.3.9 Regulatory Framework Snapshot: Asia Pacific
5.4 North America
5.4.1 North America Wave Energy Market Estimates And Forecast, 2022-2027 (Mw) (Us$ Mn)
5.4.2 North America Tidal Energy Market Estimates And Forecast, 2022-2027 (Mw) (Us$ Mn)
5.4.3 North America Wave And Tidal Energy Market Estimates And Forecast, 2022-2027 (Mw) (Us$ Mn)
5.4.4 United States
5.4.4.1 U.S. Wave Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.4.4.2 U.S. Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.4.4.3 U.S. Wave And Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.4.5 CANADA
5.4.5.1 Canada Wave And Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.4.6 MEXICO
5.4.6.1 Mexico Wave And Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.4.6 Regulatory Framework Snapshot: North America
5.5 Rest Of World
5.5.1 Rest Of World Wave And Tidal Energy Market Estimates And Forecast, 2022-2027 (Mw) (Us$ Mn)
5.5.2 Ghana
5.5.2.1 Ghana Wave And Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.5.3 SOUTH AFRICA
5.5.3.1 South Africa Wave And Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.5.4 OTHERS
5.5.4.1 Others Wave And Tidal Energy Market Estimates And Forecast, 2022-2027 (MW) (US$ Mn)
5.5.5 REGULATORY FRAMEWORK SNAPSHOT: REST OF WORLD
Chapter 6 Company Profiles
6.1 AQUAMARINE POWER LTD.
6.1.1 Company Overview
6.1.2 Product Portfolio
6.2.3 Financial Overview
6.1.4 Business Strategy
6.1.5 SWOT Analysis
6.1.6 Recent Developments
6.2 CARNEGIE WAVE ENERGY
6.2.1 Company Overview
6.2.2 Product Portfolio
6.2.3 Financial Overview
6.2.4 Business Strategy
6.2.5 SWOT Analysis
6.2.6 Recent Developments
6.3 MARINE CURRENT TURBINES LTD.
6.3.1 Company Overview
6.3.2 Product Portfolio
6.3.3 Financial Overview
6.3.4 Business Strategy
6.3.5 SWOT Analysis
6.3.6 Recent Developments
6.4 OCEAN POWER TECHNOLOGIES INC.
6.4.1 Company Overview
6.4.2 Product Portfolio
6.4.3 Financial Overview
6.4.4 Business Strategy
6.4.5 SWOT Analysis
6.4.6 Recent Developments
6.5 OCEAN RENEWABLE POWER COMPANY LLC
6.5.1 Company Overview
6.5.2 Product Portfolio
6.5.3 Financial Overview
6.5.4 Business Strategy
6.5.5 SWOT Analysis
6.5.6 Recent Developments
6.6 TENAX ENERGY
6.6.1 Company Overview
6.6.2 Product Portfolio
6.6.3 Financial Overview
6.6.4 Business Strategy
6.6.5 SWOT Analysis
6.6.6 Recent Developments
6.7 AQUAGEN TECHNOLOGIES
6.7.1 Company Overview
6.7.2 Product Portfolio
6.7.3 Financial Overview
6.7.4 Business Strategy
6.7.5 SWOT Analysis
6.7.6 Recent Developments
6.8 ATLANTIS RESOURCES LTD.
6.8.1 Company Overview
6.8.2 Product Portfolio
6.8.3 Financial Overview
6.8.4 Business Strategy
6.8.5 SWOT Analysis
6.8.6 Recent Developments
6.9 PELAMIS WAVE POWER
6.9.1 Company Overview
6.9.2 Product Portfolio
6.9.3 Financial Overview
6.9.4 Business Strategy
6.9.5 SWOT Analysis
6.9.6 Recent Developments
6.10 S.D.E ENERGY LTD. (WERPO)
6.10.1 Company Overview
6.10.2 Product Portfolio
6.10.3 Financial Overview
6.10.4 Business Strategy
6.10.5 SWOT Analysis
6.10.6 Recent Development
The Wave and Tidal Energy Market has been segmented as below:
By Type Analysis
By Regional Analysis
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