Wave and Tidal Energy Market Analysis, Development Strategy, Share, Size| International Top Key Player: Aquamarine Power Ltd, Carnegie Wave Energy Limited ,Ocean Power Technologies Inc.| Industry Growth Rate Forecast 2018 – 2023.

This research report on the Global Wave and 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 Scenario

The ocean is an enormous source of renewable energy which currently remains largely untapped. Wave & tidal energy is one of the important contributor of ocean energy. This marine energy maintains unique advantages when compared to alternative clean energy sources in terms of predictability and more consistent activity cycles. Wave & tidal energy has great potential for future as wave and tides can be much more accurately predicted than wind or sun and due to massive size of oceans. Though it available in plenty, it suffers from huge investment and limits availability of sites where it can be captured.

There is great potential for wave energy to become a major renewable energy source in the future. Though the development of the tidal power is at the promising stage, it is estimated to have a high potential, globally. It is generated from converting energy from the force tides into power. Future research and development is needed to improve the technology and durability of the equipment, as well as to identify, reduce, and potentially mitigate the negative impacts of this technology upon marine life. However, recent innovations in design and turbine technology for tidal power are expected to influence and increase the installed capacity of tidal plants.

Top Key Player's of Wave and Tidal Energy

Ocean Power Technologies Inc.
Atlantis Resources Ltd
Aquamarine Power Ltd
Carnegie Wave Energy Limited
IHI Corporation
Pelamis Wave Power

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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
Regional Analysis:

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.

Asia Pacific is one of the largest markets for renewables in the world. There is an increasing demand for energy because of the growing population and rising electricity demand in the region. Moreover, these rapidly growing economies in this region are also the top polluters in the world. Solar, wind and other renewable resources are identified as the best replacement to other conventional fossil fuel energy sources and are used to reduce carbon emission by effectively meeting the electricity needs.

Increasing concerns about carbon emissions and volatility in energy markets have combined to heighten interest in renewable sources. China alone is responsible for over 40% of global renewable capacity growth, which is largely driven by concerns about air pollution and capacity targets that were outlined in the country’s 13th five-year plan to 2020.

Table of Content

Company Profile

Atlantis Resources Ltd 88
Company Overview 88
Financial Overview 88
Product/Service Offering 89
Strategy 89
Key Developments (2015-2018) 89
SWOT Analysis 90
Carnegie Wave Energy Limited 91
Company Overview 91
Financial Overview 91
Product/Service Offering 92
Strategy 92
SWOT Analysis 92

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