openPR Logo
Press release

Wave and Tidal Energy Market Trends & Research Insights by 2030

04-24-2023 10:52 AM CET | Energy & Environment

Press release from: Allied Analytics LLP

Wave and Tidal Energy Market Trends & Research Insights by 2030

The global Wave and tidal energy market industry was valued at $0.5 billion in 2020, and global Wave and tidal energy market forecast projected to reach $1.3 billion by 2030, with an expected CAGR of 9.4% from 2021 to 2030.

The key players operating and profiled in the report Include Aquagen Technologies, Carnegie Wave Energy Ltd., Corpower Ocean AB., Eco Wave Power, Ocean Power Technologies, Inc, Ocean Renewable Power Company, Pelamis Wave Power, SIMEC Atlantis Energy, Tenax Energy and Verdant Power, Inc.

Europe region registered the highest market share and is projected to maintain the same during the forecast period.

Download Report Sample: https://www.alliedmarketresearch.com/request-sample/2193

On the basis of type, the wave energy segment emerged as the global leader in 2020 and is anticipated to be the largest markets during the forecast period

Depending on technology, the tidal stream generator segment emerged as the global leader in 2020 and is anticipated to be the largest markets during the forecast period.

As per application, the power generation segment emerged as the global leader in 2020 and is anticipated to be the largest markets during the forecast period.

Rising dependency on electricity led to increase the sustainable power generation and wave & tidal energy is one of the sustainable power generation processes, however, government sustainable projects with respect to power generation may act as the major driving factor for the wave & tidal energy market.

Abundance of ocean surface and energy generation capacity in several nations has promoted governments to pursue ocean energy generation as an important source of their renewable energy in future.

Wave energy is defined as the energy of the ocean surface waves, which is captured for electricity generation, desalination, and the pumping of water into reservoirs.

Wave and tidal energy are considered to be the most promising green technologies as they generate the most concentrated source of renewable energy.

Oceans are an inexhaustible source of clean energy. Therefore, harnessing tidal and wave energy from the ocean surfaces is expected to be the most sustainable source of energy.

Buy This Report (239 Pages PDF with Insights, Charts, Tables, and Figures): https://bit.ly/3ZsLX8a

Wave and tidal energy are the sustainable methods of harnessing energy of oceans for power generation. Countries across the world tend to utilize these forms of renewable energy as these provide a constant and steady source of clean energy.

Tidal energy works via a turbine works like a wind turbine, with blades rotating 12-to-18 times a minute depending on tide strength. The turbine is connected to a gearbox that turns a generator, creating electricity.

Wave-driven power is a type of power generation related to tidal power. Rather than relying on the tidal movements in large bodies of water, wave energy is derived from wind-driven waves. It can be used to generate electricity.

IMPACT OF COVID-19 ON THE GLOBAL WAVE AND TIDAL ENERGY MARKET

The manufacturing of wave and tidal energy system equipment was stopped for a specific period due to high peak of COVID-19 situation, which led to high impact on sales of wave and tidal energy system.

According to the UNIDO (United Nations Industrial Development Organization), 30.0%-70.0% of pre-COVID-19 workforce of various industries, such as electrical and other third-party vendors migrated to their hometowns, due to uncertainties and loss of income during lockdown.

Get a Customized Research Report: https://www.alliedmarketresearch.com/request-for-customization/2193

COVID-19 impacted almost all industries by hindering various industrial technologies and disrupting the supply chain. Maximum companies halted their technology due to less workforce. However, there is a sluggish decline in the global wave and tidal energy market due to impact of COVID-19.

David Correa5933 NE Win Sivers Drive#205, Portland, OR 97220United StatesUSA/Canada (Toll Free):+1-800-792-5285, +1-503-894-6022UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: +1(855)550-5975help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog:

https://blog.alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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 & Research Insights by 2030 here

News-ID: 3025545 • Views:

More Releases from Allied Analytics LLP

Heat Meters Market Set to Grow with Rising Demand for Energy Efficiency
Heat Meters Market Set to Grow with Rising Demand for Energy Efficiency
According to a new report published by Allied Market Research, the heat meters market size was valued at $1.6 billion in 2022, and is estimated to reach $2.7 billion by 2032, growing at a CAGR of 5.4% from 2023 to 2032. A heat meter is a device used to measure and quantify the amount of thermal energy (heat) transferred from a heat source to a system or consumer. It accurately measures
Heat Pump Market Set for Strong Growth Through 2032
Heat Pump Market Set for Strong Growth Through 2032
According to a new report published by Allied Market Research, the heat pump market size was valued at $71.2 billion in 2022, and is estimated to reach $201.5 billion by 2032, growing at a CAGR of 11.1% from 2023 to 2032. A heat pump is a versatile and efficient device that transfers heat from one location to another using a refrigeration cycle. It operates by absorbing heat from a low-temperature source
Energy Efficient Lighting Market Shines Bright with Strong Growth Outlook
Energy Efficient Lighting Market Shines Bright with Strong Growth Outlook
According to a new report published by Allied Market Research, the global energy efficient lighting market was valued at $46.2 billion in 2021 and is projected to reach $93.3 billion by 2030, growing at a robust CAGR of 8.1% from 2022 to 2030. This surge reflects a powerful global movement toward greener, smarter, and more cost-effective lighting technologies. Energy efficient lighting refers to lighting systems and products that use less electricity
The Future of Energy: How Fuel Cells Are Reshaping Power Generation
The Future of Energy: How Fuel Cells Are Reshaping Power Generation
According to a new report published by Allied Market Research, titled, "Fuel Cell Market," The fuel cell market size was valued at $3.6 billion in 2020, and is estimated to reach $32.0 billion by 2030, growing at a CAGR of 19.4% from 2021 to 2030. The fuel cell market has emerged as a transformative force in the global energy landscape, offering a clean, efficient, and sustainable alternative to conventional energy sources.

All 5 Releases


More Releases for Wave

Wave Energy Converters Market Next Big Thing | Marine Power Systems, Eco Wave Po …
Advance Market Analytics published a new research publication on "Global Wave Energy Converters Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Wave Energy Converters market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive PDF Sample
Wave Energy Market - Major Technology Giants in Buzz Again | OceanEnergy, SINN P …
The latest study released on the Global Wave Energy Market by AMA Research evaluates market size, trend, and forecast to 2027. The Wave Energy Market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Key Players in
Wave Sound Pro 2.0 Reviews: Important Update About Wave Sound Pro
For anyone who travels regularly or enjoys banging their head to the music, wireless headphones are a must-have. The days of tangled cords and clunky headphones are long gone; today, we have wireless earbuds that connect to your smart device quickly and without sacrificing music quality. The situation is made worse by the fact that there are so many earphones on the market that it's impossible to discern which ones are
Wave Power Generation Equipments Market 2021 Status and Growth Outlook - Pelamis …
The "Wave Power Generation Equipments" Market report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. The Global Wave Power Generation Equipments Industry presents a market overview, product details, classification, and market concentration. The report also provides an in-depth survey of key players in the market which is based on various competitive intelligence parameters like company profiles,
Wave Energy Market Foreseen to Grow Exponentially by 2028 - AWS Ocean Energy, Ec …
Worldwide Wave Energy Market Analysis to 2028 is a specialized and in-depth study of the Wave Energy Industry with a focus on the global market trend. The report aims to provide an overview of global Wave Energy Market with detailed market segmentation by product/application and geography. The global Wave Energy Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status
Global Wave and Tidal Energy Market 2020 Business Strategies – Marine Current …
The Zion Market Research added a new report “Wave and Tidal Energy Market by Type (Tidal Energy, Wave Energy) by Technology (Tidal Steam Generator, Pendulor Device, Oscillating Water Columns, Barrage, Others), and by End-User (Residential, Commercial, Industrial): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024” in its database, which provides an expert and in-depth analysis of key business trends and future market development prospects, key drivers and restraints,