Wave & Tidal Energy Market Share, Future Scope, Sales Revenue, Leading Key Players Update, Industry Demand and Business Prospect by Forecast to 2023

This research report on the Global Wave & Tidal Energy Market is an all-encompassing study of the industry sectors, up-to-date outlines, industry development, drivers, and restraints. It provides market projections for the coming years. It contains an analysis of late augmentations in innovation, Porter’s five forces analysis and progressive profiles of hand-picked industry competitors. The report furthermore articulates an analysis of trivial and full-scale factors indicated for the new and tenured candidates in the market along with a methodical value chain exploration.

Market Highlights
Wave and tidal energy harvesting has been around for a few decades. But only in recent years it has started to become more realistic due to advance in research and technology. Worldwide potential for wave and tidal power is enormous, additionally local geography greatly influences the electricity generation potential. Higher lifespan will drive the global wave and tidal energy market. Tidal energy technology is more mature, does not have visible impact on the surrounding and immune to noise pollution due to underwater installation of turbines. Wave energy technology is relatively new but increasing investment in R & D will improve the technology. Moreover, it is area efficient and can be installed onshore which will positively influence the industry outlook. The global population growth, thriving industries in emerging economies, and a rise in infrastructure development activities are all leading to a massive rise in demand for electricity. This factor, together with the rise in stringent environment protection regulations across the globe, is compelling the power generation industry to switch to cleaner and environment-friendly energy resources. This is expected to emerge as the key driver of the global wave and tidal energy market in future.

Key Players

The key players of global wave & tidal energy market are Atlantis Resources Ltd (London), Aquamarine Power Ltd (U.K.), Carnegie Wave Energy Limited (Australia), Ocean Power Technologies Inc.( U.S.), IHI Corporation (Japan), Pelamis Wave Power (Scotland), Ocean Renewable Power CO Llc (Portland), YAM PRO Energy (Israel), Tenax Energy (Australia) and AW Energy Oy Ltd (Vantaa)

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Scope of the Report

This study provides an overview of the global Wave & Tidal Energy market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Wave & Tidal Energy market by its component type, by location and by region.

By Type
• Wave Energy
• Tidal Energy

By Regions

• North America
• Asia Pacific
• Europe

Market Research Analysis

Regional Analysis:

Rich in coastal waters and rivers, North America has huge hydro and marine power potential, which it is slowly developing. The renewable industry in North America is quite developed. According to the World Energy Agency, the driving forces to contribute in the North America market are the location, incentives, and government policies.
Europe is the global leader in the development of ocean energy technologies, hosting most of global developers (52% of tidal stream and 60% of wave energy developers). However, the installation of ocean energy devices is taking place at a slower pace than expected. This is because there is only 14MW of ocean energy installed capacity at the end of 2016, instead of 641MW declared by the EU Member States in their national renewable energy action plans.

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