Press release
Wave and Tidal Energy Market Set For Rapid Industry Growth having Major key Players: Ocean Renewables Ltd, Marine Current Turbines Ltd, S.D.E Energy, Ocean Power Technologies, Aquagen Technologies, Pelamis Wave Power, Tenax Energy & Aquamarine
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Some of the major players competing in the global wave and tidal energy market include 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.
On the basis of type, the wave and tidal energy market has been categorized into tidal energy and wave energy. On the basis of generation of tidal energy, the market has been categorized into dynamic tidal power, tidal stream generator, tidal lagoon, and tidal barrage. Tidal stream generator uses kinetic energy of moving water to power turbines, but tidal barrage uses potential energy in the difference in height between low and high tides to power turbines.
Based on region, the wave and tidal energy market has been categorized into Europe, North America, Asia-Pacific, Latin America, and Middle East and Africa. Among all the regions, Asia-Pacific held a significant share in the market, driven by growing large-scale development of wave and tidal power generation projects in countries such as China, Japan, South Korea, and other APAC countries.
Read full summary of report here : https://www.psmarketresearch.com/market-analysis/wave-and-tidal-energy-market/
Aggressive initiatives such as allowing large project development in phases, strong government policy framework and incentive schemes, and predictable and constant source of renewable energy are offering huge growth opportunities for players operating in the wave and tidal energy market.
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