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Funding competition could change tide for Marine Power (Wave and Tidal) Market 2018: Wello Oy, Pulse Tidal, Oceanlinx, Marine Current Turbines (MCT), ORPC, OpenHydro, BioPower Systems

05-14-2019 04:54 PM CET | Energy & Environment

Press release from: Worldwide Market Reports 

Marine Power (Wave and Tidal) Market

Marine Power (Wave and Tidal) Market

The ocean is a huge source of renewable energy which currently remains largely untapped. Marine energy has unique advantages as compared to alternative clean energy sources in terms of more consistent activity cycles and predictability. Demand for wave & tidal energy as a source of power generation is expected to grow over the forecast period, as tides can be much more accurately predicted than sun or wind and due to the massive size of oceans.

On the basis of energy type, the tidal energy segment is estimated to hold major revenue share in the global marine power (wave and tidal) market and is expected to maintain its dominance over the forecast period. Tidal energy is a mature form of energy, which converts kinetic energy into electricity. Tidal energy is broadly classified into tidal range and tidal stream energy that are installed by the construction of barrages.

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Asia Pacific market is estimated to hold major revenue share in the global marine power (wave and tidal) market, in 2018 and is expected to maintain its dominance over the forecast period. The growing adoption of different power generating solutions in the region is expected to drive Asia Pacific marine power market. Increasing population in the region is expected to boost the demand for power generation, which in turn is anticipated to drive the region growth over the forecast period.

The Asia Pacific accounts for the largest revenue share contribution of the target market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively. Increasing number of publicly funded programs coupled with favorable government policies are expected to be a major factor driving the Asia Pacific marine power (wave and tidal) market.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Market share for each manufacturer, covering: Wello Oy, Pulse Tidal, Oceanlinx, Marine Current Turbines (MCT), ORPC, OpenHydro, BioPower Systems, AWS Ocean Energy, Voith Hydro, Ocean Power Technologies, Aquamarine Power, Carnegie Wave Energy, Verdant Power.

Growth rate of each type, primarily split into: Wave Power, Tidal Power.

By Application, the market can be split into: Industrial Applications, Commercial Applications, Others.

The study objectives of this report are:

• To analyze and study the global Marine Power (Wave and Tidal) capacity, production, value, consumption, status (2013-2017) and forecast (2018-2022);
• Focuses on the key Marine Power (Wave and Tidal) manufacturers, to study the capacity, production, value, market share and development plans in future.
• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

Table of Contents
1 Industry Overview of Marine Power (Wave and Tidal)
2 Manufacturing Cost Structure Analysis of Marine Power (Wave and Tidal)
3 Technical Data and Manufacturing Plants Analysis of Marine Power (Wave and Tidal)
4 Global Marine Power (Wave and Tidal) Overall Market Overview
5 Marine Power (Wave and Tidal) Regional Market Analysis
6 Global 2012-2017E Marine Power (Wave and Tidal) Segment Market Analysis (by Type)
7 Global 2012-2017E Marine Power (Wave and Tidal) Segment Market Analysis (by Application)
8 Major Manufacturers Analysis of Marine Power (Wave and Tidal)
8.1 Wello Oy
8.1.1 Company Profile
8.1.2 Product Picture and Specifications
8.1.2.1 Product A
8.1.2.2 Product B
8.1.3 Wello Oy 2016 Marine Power (Wave and Tidal) Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.1.4 Wello Oy 2016 Marine Power (Wave and Tidal) Business Region Distribution Analysis
9 Development Trend of Analysis of Marine Power (Wave and Tidal) Market
10 Marine Power (Wave and Tidal) Marketing Type Analysis

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About WMR

Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends.

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