Press release
Ocean Renewables Ltd, Marine Current Turbines Ltd, S.D.E Energy, Ocean Power Technologies, Aquagen Technologies, Pelamis Wave Power, Tenax Energy & Aquamarine are the Major Key Players of Wave and Tidal Energy Market by 2023
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On the basis of type, the wave and tidal energy market can be categorized as tidal energy and wave energy. On the basis of the generation of tidal energy, the wave and tidal energy market can be categorized as dynamic tidal power, tidal stream generator, tidal lagoon and tidal barrage.
On the basis of generation of wave energy, the wave and tidal energy market can be categorized as oscillating wave surge converter, surface attenuator, point absorber buoy, overtopping device and oscillating water column.
Plenty of ocean surfaces and considerable potential of energy generation in the countries around the world has led operators to engage in ocean energy generation. The wave and tidal energy technology development is in its initial phase, so there is a sufficient scope for new entrants in the wave and tidal energy market by bringing up advanced technologies.
Some of the factors driving the growth of the wave and tidal energy market are scalability within a small area, allowing large project development in phases, strong government policy framework and incentive schemes, predictable and constant source of renewable energy, and generation of power for remote locations where drawing grid connections are not cost effective or feasible.
Read full summary of report here : https://www.psmarketresearch.com/market-analysis/wave-and-tidal-energy-market
Some of the competitors in the wave and tidal energy market are Ocean Renewable Power Company LLC, Atlantis Resources Limited, Marine Current Turbines Limited, S.D.E Ltd., Ocean Power Technologies Inc., AquaGen Technologies, Carnegie Wave Energy Limited, Pelamis Wave Power Ltd., Tenax Energy Solutions, LLC, and Aquamarine Power Limited.
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