openPR Logo
Press release

Wave and Tidal Energy Market Trends and Opportunities | Carnegie Wave Energy Ltd., Atlantis Resources Ltd., Ocean Power Technologies, Inc., Aquamarine Power Ltd, Marine Current Turbines Ltd.

05-17-2019 08:01 AM CET | Energy & Environment

Press release from: TMR Research

Wave and Tidal Energy Market Trends and Opportunities | Carnegie

The global market for wave and tidal energy is on a path of a prosperous growth. The increasing consumption of electricity across the globe – both in established and emerging economies – is expected to substantially drive the overall development of the global market. Some of the other key factors responsible for the growth of the global wave and tidal energy market can be termed as the accelerated deterioration of the traditional resources of power such as natural gas, coal, and oil. Also, the increasing concerns about the excessive polluting nature of the techniques of energy production that consists these and other fossil fuels. The growing focus on the new developments in the techniques of power generation that are based on cleaner and more sustainable source of energy such as wave and tidal energy as well solar energy is also expected to provide a fitting answer to all the above mentioned problems and thus, drive the overall development of the global market for wave and tidal energy.

The global market for tidal and wave energy makes use of the effective strategies and techniques to make most of the one of the largest and unending source of energy – ocean and wind. These sources of energy are sustainable as well as environment friendly. The wave and tidal energy harnessing technology serves as two of the current times’ vital ways to make most of the inexhaustible resource of energy available to us.

Get Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1697

Global Wave and Tidal Energy Market: Overview

With effective strategies and technologies, ocean could be used as one of the largest and inexhaustible sources of environmentally-neutral and sustainable energy. Wave and tidal energy technologies serve as two of the present times’ key ways of harnessing energy from oceans. Wave and tidal energy technologies are relatively new power generation technologies with significant scope for development in the near future.

As research and development activities focused on the commercial development of clean energy resources intensify, the two sectors are expected to witness significant market growth in terms of technological advancement and rise in terms of investment and installed capacity in the near future. However, owing to their emerging nature, further development of wave and tidal energy technologies requires constant support from government bodies in terms of subsidies and encouraging regulation.

Global Wave and Tidal Energy Market: Trends and Opportunities

The rising consumption of electricity across developed, developing, and well as less-developed economies is undoubtedly the primary factor encouraging developments in the global market for wave and tidal energy. Other important factors driving the market include the shrinking banks of conventional power resources such as oil, natural gas, and coal, and the rising concerns regarding the highly polluting nature of energy production techniques that involve these and other fossil fuels. The increased focus on developing power generation techniques based on cleaner and sustainable energy sources such as solar power and wave and tidal energy is mostly an attempt to find a fitting solution to the aforementioned concerns.

Global Wave and Tidal Energy Market: Market Potential

The market for wave and tidal energy is treading along an encouraging growth path, Home to the world’s oldest commercial-sized tidal power plant, the market for wave and tidal energy in Europe continues to lead the way. The market in Europe is seeing an increased number of projects being announced or going live on an encouraging pace, with the highly anticipated Swansea Bay tidal lagoon in the U.K. and the MeyGen tidal array project in Scotland swiftly nearing completion. Owing to an impressive line-up of old and new projects, several potential sites capable of housing large-scale wave and tidal energy projects, and an encouraging regulatory framework, the Europe market is expected to present growth opportunities for companies operating in the wave and tidal energy market in the next few years.

Global Wave and Tidal Energy Market: Regional Overview

Europe is presently the leading contributor of revenue to the global market and is expected to witness significant developments in the next few years. South Korea is expected to lead in terms of the tidal barrage technology and is expected to add more capacity alongside the Shiwa Lake Tidal Power Station, presently the world’s largest tidal power station, to its wave and tidal energy output. Boasting only a few sites where tidal energy can be harnessed at a commercial and economical cost, the U.S. lags behind in the market with no commercial tidal plants till now. Developments in the area in Asia Pacific are expected to remain limited to mostly China and Australia.

Global Wave and Tidal Energy Market: Competitive Analysis

Despite being at a nascent stage of development, the global wave and tidal energy market features a fragmented competitive landscape. Over 200 companies presently function in the market, most of which have operations in the area of development of energy converter technologies. It is difficult to project whether or not the competitive landscape will achieve consolidation in the near future. However, for small companies to make a mark in the global market, strategic alliances with special purpose project companies would be imperative.

Some of the leading players operating in the global wave and tidal energy market are Ocean Renewable Power Company LLC, Pelamis Wave Power Ltd., AquaGen Technologies, Tenax Energy, Carnegie Wave Energy Ltd., Atlantis Resources Ltd., Ocean Power Technologies, Inc., Aquamarine Power Ltd, Marine Current Turbines Ltd., and S.D.E. Energy Ltd. (WERPO Wave Energy).

Get TOC for Detailed Facts and Numbers @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1697

Highlights of the report:

A detailed analysis of key segments of the market
Recent developments in the market’s competitive landscape
Detailed analysis of market segments up to second or third level of segmentation
Historical, current, and projected future valuation of the market in terms of revenue and/or volume
Key business strategies adopted by influential market vendors
Outline of the regulatory framework surrounding and governing numerous aspects of the market
Growth opportunities in emerging and established markets
Recommendations to market players to stay ahead of the competition

About Us:
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Contact Us:
Rohit Bhisey
Head Internet Marketing
Tel: +1-415-520-1050

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Wave and Tidal Energy Market Trends and Opportunities | Carnegie Wave Energy Ltd., Atlantis Resources Ltd., Ocean Power Technologies, Inc., Aquamarine Power Ltd, Marine Current Turbines Ltd. here

News-ID: 1742950 • Views: 879

More Releases from TMR Research

Configuration Management Market 2018-2028 | CA Technologies, BMC Software, Oracl …
Global Configuration Management Market: Overview The demand within the global configuration management market is rising on account of advancements in the domain of product analysis and optimization. Development of a product or system is followed by a rigorous process of optimization to increase the efficiency and life of the system. The need to retain the utility and effectiveness of products has created tremendous demand within the global configuration management market. The
Security Orchestration Automation and Response Market | Qualitative Opportunitie …
Global Security Orchestration Automation and Response Market: Overview The demand within the global security orchestration automation and response is growing on account of advancements in the field of organizational security. The need to protect data and key assets across companies and organizations has played an integral role in the growth of the global security orchestration automation and response market. Furthermore, the growing level of automation across industrial and commercial units has
Global AI in Fashion Market Overview, Development, Segment by Type, Application …
AI in Fashion Market: Overview The global market for AI in fashion is expected to witness a stellar growth in coming few years. The market is expected flourish due to emergence of several fashion trends all across the globe. Fashion across the globe keeps on changing at a moment’s notice. It has become incredibly hard to keep a solid track of all the important fashion related activities. This has been a
Crowdsourced Security Market 2018 - 2028 | TMR Research
Crowdsourced Security Market: Overview The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to

All 5 Releases


More Releases for Wave

Global Wave Spring Market Research
Global Wave Spring Market Research Report covers the makers' information, including shipment, value, income, net benefit, talk with the record, business appropriation and so forth., this information enables the customer to think about the contenders better. This report likewise covers every one of the areas and nations of the world, which demonstrates a territorial improvement status, including market size, volume and esteem, and added value information. Additionally, the Global Wave
Wave Away Your Worries
We are excited to announce that Pineapple Island will be hosting free mindfulness sessions at Boardmasters festival, to celebrate their collaboration with the Wave Project charity. Guided mindfulness sessions will be held three times per day, between the 8th and 12th August, at Watergate Bay in Cornwall. The growing mental health crisis in the UK is affecting more and more young people.. The mental health charity Mind claims 1 in
Self-driven ships make a wave
By 2018 there will be fewer container trucks plying Norwegian roads, as Norwegian shipping company Yara is planning to launch unmanned ships to transport cargo between the countries biggest ports. The first such vessel – Yara Brikeland – is set to launch in 2019 and will be initially manned. By 2020, it will run autonomously, resulting in around 40,000 trucks being taken off the roads. Will unmanned ships shake up the maritime
New Wave In CryptoTrading 2018
Nakamoto Capital is proud to announce Pre-ICO of its new project — CoinPlace platform. This is the first platform in the world that offers P2P service for direct trading of cryptocurrency of any volume or kind (bitcoin, altcoin, etc.) CoinPlace is eBay for the whole variety of cryptocurrencies and tokens. It is PayPal for new businesses based on the ICO model. Now users buying crypto assets face a number of challenges:
Wave and Tidal Energy Market Report 2017
Wave and Tidal Energy United States Wave and Tidal Energy market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. View Entire Report @ https://www.reportsandmarkets.com/reports/united-states-wave-and-tidal-energy-market-report-2017-1642133 Geographically, this report splits the United States market into seven regions: The West, Southwest, The Middle Atlantic, New England,, The South The Midwest, with sales (volume), revenue (value), market share and
Wave Windsurf Sails Market Research Report : 2017
Reports And Markets Publish a New Market Research Report On –"Wave Windsurf Sails Market Research Report 2017" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/global-wave-windsurf-sails-market-research-report-2017-1541150 In this report, the global Wave Windsurf Sails market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several