Wave and Tidal Energy Competitive Market Strategies: Aquamarine Power Ltd (U.K.), Carnegie Wave Energy Limited (Australia), Ocean Power Technologies Inc.( U.S.)

Global Wave and Tidal Energy Market by Industry Type (Wave Energy and Tidal Energy) and by Regions - Global Forecast to 2023

Market Overview:-

Worldwide potential for wave and tidal power is enormous, additionally local geography greatly influences the electricity generation potential.Large-scale commercial array deployments of wave and tidal power plants are projected to be followed by massive cost reductions. Global wave & tidal market is expected to reach market size of USD 15,291.2 Million by 2023 at a CAGR of 17.84%.

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Top 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)

Regional Segmentation:-

Geographically, the global wave and tidal energy market has been divided into North America, Europe, Asia Pacific and Rest of the World. Among these regions, Europe is presently the leading contributor of revenue to the global market and is expected to witness significant developments in the next few years. 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. Meanwhile, the tidal barrage operations in South Korea are expected to put Asia Pacific on the global map in the coming years. Furthermore, Australia is also expected to make a significant contribution to the rising revenue of the Asia Pacific wave and tidal energy market.

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Major Points of TOC:-

1 Executive Summary

2 Introduction

3 Research Methodology



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4 Market Dynamics

4.1 Drivers 19

4.1.1 Shrinking Conventional Power Resources 19

4.1.2 Favourable Government Initiatives 20

4.1.3 Long Life 20

4.2 Restraints 21

4.2.1 High Cost Of Construction 21

4.2.2 Lack Of Ideal Locations 21

4.2 Opportunities 21

4.3.1 On Going Development Of Wave & Tidal Energy 21

4.3 Porter's 5 Forces Analysis 22

4.3.1 Threat Of New Entrants 22

4.3.2 Bargaining Power Of Suppliers 23

4.3.3 Threat Of Substitutes 23

4.3.4 Bargaining Power Of Buyers 23

4.3.5 Segment Rivalry 23

4.5 Value Chain 24

Continued..........

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