Press release
Wave and Tidal Energy Market Is Likely to Experience a Tremendous Growth by 2029
Further, in October 2021, Mitsui O.S.K. Lines, Ltd. (MOL) announced that its proposed wave power project in Mauritius had been chosen for subsidy programmes run by Japan's Ministry of Economy, Trade, and Industry (METI). Furthermore, MOL stated that since Mauritius has developed a roadmap to increase the percentage of renewable energy to 35% or 40% by 2030, and has identified wave power as one of the future power sources.
Additionally, in January 2021, MOL signed a deal with Bombora Wave Power to assess the wave energy business' prospects in Japan and Asia. According to MOL, both companies are conducting research in Mauritius to find wave energy potential utilising Bombora's mWaveTM energy converter and site selection with care for the natural environment using digital technologies and geographic information system (GIS). In August 2021, The US Department of Energy (DOE) has awarded a grant to Ocean Power Technologies (OPT), a wave energy solutions provider, to allow them create a next-generation wave energy converter. According to the DOE's announced awards for clean energy Small Business Innovation Research (SBIR) projects, OPT will receive up to $197,203 to conduct a preliminary conceptual design and feasibility study for a modular and scalable small-scale Mass-on-Spring Wave Energy Converter (MOSWEC) PowerBuoy for powering autonomous ocean monitoring systems.
To Request a Sample of our Report on Wave and Tidal Energy Market: https://www.omrglobal.com/request-sample/wave-and-tidal-energy-market
Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Technology
By End-User
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Ocean Power Technologies, Seabased, Verdant Power Inc., Blue Water, and Bigmoon Power among others.
A full Report of Wave and Tidal Energy Market is Available @ https://www.omrglobal.com/industry-reports/wave-and-tidal-energy-market
Wave and Tidal Energy Market Segmentation
By Technology
Tidal Stream Generator
Oscillating Water Columns
Barrage
Others
By End-User
Residential
Commercial
Industrial
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Company Profiles
AAWW - Energy Oy
ANDRITZ AG.
Aquanet Power
Biopower Systems Pty. Ltd.
Blue Water
Carnegie Clean Energy
CorPower Ocean AB
Eco Wave Power Global AB
European Marine Energy Centre Ltd.
Minesto AB
Nova Innovation Ltd.
Orbital Marine Power
Pacific Northwest National Laboratory
SIMEC Atlantics Energy
Tidal Lagoon Power Ltd
TOCARDO B.V
Verdict Media Ltd.
Wello OY
Yam Pro Energy
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/wave-and-tidal-energy-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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 Is Likely to Experience a Tremendous Growth by 2029 here
News-ID: 3167045 • Views: …
More Releases from Orion Market Research
Medical Tubing Market Set to Witness Significant Growth by 2023 | TE Connectivit …
The global medical tubing market was valued at approximately USD 14.5 billion in 2024 and is projected to reach around USD 24.8 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.87% from 2025 to 2033.
Medical Tubing Market Overview
The global medical tubing market is experiencing significant growth, driven by advancements in healthcare technologies and an increasing demand for minimally invasive procedures. Medical tubing is essential in…
Marine Battery Market Comprehensive Research Study, Business Overview and Region …
The global marine battery market was valued at approximately USD 742.90 million in 2024 and is projected to reach around USD 3,334.20 million by 2034, growing at a compound annual growth rate (CAGR) of 16.20% from 2025 to 2034.
Marine Battery Market Overview
The marine battery market is experiencing significant growth, driven by the maritime industry's shift towards cleaner and more sustainable energy solutions. Advancements in battery technologies, such as lithium-ion…
Drone Battery Market Comprehensive Research Study, Business Overview and Regiona …
The global drone battery market was valued at approximately USD 8.07 billion in 2024 and is projected to reach around USD 42.32 billion by 2034, growing at a compound annual growth rate (CAGR) of 18.02% from 2025 to 2034.
Drone Battery Market Overview
The drone battery market is experiencing significant growth, driven by the increasing adoption of drones across various sectors such as agriculture, logistics, defense, and media. These batteries…
Aviation Connectors Market By Application Analysis, Regional Outlook, Competitiv …
The global aviation connectors market was valued at approximately USD 5.6 billion in 2024 and is projected to reach around USD 11.42 billion by 2034, growing at a compound annual growth rate (CAGR) of 7.14% from 2025 to 2034.
Aviation Connectors Market Overview
The aviation connectors market is experiencing robust growth, driven by the increasing demand for advanced avionics systems and the expansion of both commercial and military aircraft fleets.…
More Releases for Energy
Green Renewable Energy Market Next Big Thing: Enphase Energy, Bloom Energy, Clea …
Advance Market Analytics published a new research publication on "Green Renewable Energy 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 Green Renewable Energy market was mainly driven by the increasing R&D spending across the world.
Get inside Scoop of the…
Business Energy Solution Market Size in 2023 To 2029 | SSE Energy Solutions, BES …
The large-scale Business Energy Solution market report provides valuable insights for clients looking to forecast investments in emerging markets, expand market share, or launch new products. The report presents multifaceted Business Energy Solution market insights that are simplified using established tools and techniques, making it a credible marketing report. Data is presented in a clear and easy-to-understand manner, with graphs and charts to aid comprehension. The report employs integrated approaches…
Decentralized Energy Storage Market Is Booming Worldwide | Fuelcell Energy, Enph …
A new business intelligence report released by AMA with title "Decentralized Energy Storage Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Decentralized Energy Storage Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics…
Waste-To-Energy Technologies Market Top Growing Companies: Xcel Energy, Novo Ene …
Qurate Business Intelligence’s up-to-date research study on Waste-To-Energy Technologies was performed by highly qualified research professionals and industry experts. This is to provide an in-depth analysis on the Waste-To-Energy Technologies. The report is comprehensive and includes over 120 pages. The global energy market is witnessing a shift toward waste to energy technologies due to growing energy demands worldwide, the rapid depletion of conventional sources of energy, and concerns over…
Waste To Energy Market ||Novo Energy Ltd., Hitachi Zosen, Foster Wheeler A.G., S …
Zion Market Research published a new 110+ pages industry research "Global Waste to Energy Market Set For Rapid Growth, To Reach Value Around USD 42.74 Billion By 2024" is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on…
In-Pipe Hydro Systems Market | key player - Lucid Energy, Rentricity, Tecnoturbi …
Looking at the current market trends as well as the promising demand status of the “In-Pipe Hydro Systems Market” it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assisting…
