2025 Tidal Energy Industry Trends Report: Long-Term Outlook Through 2034

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Tidal Energy Market Size By 2025?
The market size of tidal energy has seen a significant increase in recent years. It is anticipated to rise from $1.16 billion in 2024 to $1.41 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 21.7%. The historic growth is mainly driven by factors such as international climate accords, the establishment and upkeep of tidal energy projects, amplified power generation, a higher demand for electricity, and an expansion in infrastructure and development movements.

How Big Is the Tidal Energy Market Size Expected to Grow by 2029?
It is anticipated that the tidal energy market will experience a notable rise in value in the next few years, projected to reach $3.06 billion in 2029, boasting a compound annual growth rate (CAGR) of 21.3%. Various factors can be attributed to this growth during the prediction period such as the escalating prices of conventional energy resources, heightened public awareness about ecological issues, the global transition towards more sustainable energy alternatives, and increasing availability of renewable energy resources. The forthcoming period is likely to exhibit several key trends including technological innovation in tidal energy, advancements in the field of energy storage technologies, establishing long-term power purchase agreements (PPAs), progression in marine engineering, and improvements in techniques to assess environmental impacts.

View the full report here:
https://www.thebusinessresearchcompany.com/report/tidal-energy-global-market-report

Which Key Market Drivers Powering Tidal Energy Market Expansion and Growth?
The surge in demand for renewable energy sources is projected to fuel the expansion of the tidal energy market. These renewable energy sources are naturally occurring and can be regenerated within a human lifespan, enabling power generation without the depletion of Earth's resources. The augmented demand for renewable energy is a result of technological progress that renders renewables more cost-efficient, coupled with growing public advocacy for environmental sustainability. Tidal energy enhances other renewable energy types like wind and solar, promoting a diverse and robust renewable energy repertoire that can meet worldwide energy requirements. As per the U.S. Energy Information Administration, a U.S.-based government entity, approximately 9% of the overall primary energy output and usage in 2023 were contributed by renewables in July 2024, observing a boost of nearly 6% in hydropower production compared to 2022. Hence, the thirst for renewable energy sources translates into an escalating growth trajectory for the tidal energy market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19224&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Tidal Energy Market?
Leading corporations in the tidal energy market are embracing inventive projects and investments like tidal power demonstration initiatives, with the aim to maximize efficiency and validate the viability of nascent technologies. These initiatives exist to exhibit tidal energy technology's potential while pushing their progression towards commercial exploitation. Governments, research organizations, and private firms frequently back these initiatives with the aim of testing and refining tidal energy systems under real-world conditions. To illustrate, Bluenergy Solutions, a Singaporean renewable energy solutions provider, initiated its Proof of Value (POV) project in March 2023. This tidal energy demonstration initiative was launched off Singapore's coast near Raffles Lighthouse on Pulau Satumu. The project plans to exploit tidal currents with four small tidal generators (7 kW each), to substitute diesel power at the lighthouse, consequently lowering carbon emissions and facilitating Singapore's decarbonization objectives. This initiative represents a significant progression towards incorporating marine renewable energy solutions within Singapore, thereby contributing to the country's electrification and decarbonization aspirations.

What Are the Emerging Segments in the Tidal Energy Market?
The tidal energymarket covered in this report is segmented -

1) By Method: Tidal Stream, Tidal Barrage, Tidal Turbine, Other Methods
2) By Capacity: Up To 100 kW, 100 kW To 500 kW, Above
3) By Depth Of Installation: Shallow Water, Transitional Water, Deep Water
4) By Application: Power Generation, Desalination

Subsegments:
1) By Tidal Stream: Horizontal Axis Tidal Turbine, Vertical Axis Tidal Turbine
2) By Tidal Barrage: Large-Scale Barrages, Small-Scale Barrages
3) By Tidal Turbine: Single Turbine Systems, Multi-Turbine Arrays
4) By Other Methods: Oscillating Water Columns, Dynamic Tidal Power Systems, Tidal Kites

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=19224&type=smp

Who Are the Global Leaders in the Tidal Energy Market?
Major companies operating in the tidal energy market are Alstom, AtkinsRéalis, Voith Hydro, EDF Renewables, AqualisBraemar LOC, Trident Energy, SCHOTTEL HYDRO GmbH, Verdant Power Inc., SIMEC Atlantis Energy, Aberdeen Renewable Energy Group (AREG), Blue Energy Canada, Nova Innovation, Minesto, Tocardo Tidal Power, Makai Ocean Engineering, Ocean Renewable Power Company (ORPC), Orbital Marine Power, Silverstream Technologies, DP Energy, Kepler Energy, Magallanes Renovables S.L., Instream Energy Systems, OpenHydro, Sustainable Marine Energy Ltd

Which are the Top Profitable Regional Markets for the Tidal Energy Industry?
Europe was the largest region in the tidal energy market in 2024. The regions covered in the tidal energy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19224

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.