Press release
Wave and Tidal Energy Market to witness increasing growth by, Globally 2024
According to a new report, By 2024 Wave and Tidal Energy Market to witness tremendous growth and demand in technology.
Ocean is one of the largest sources of clean and sustainable energy. Wave energy and tidal energy are the main segments of ocean energy. Surface wind creates the ocean waves. There are different methods of constraining the ocean energy, from which wave and tidal are the most dominant forms of energy. Tidal stream and tidal range energy are the two segments of tidal energy. Tidal range energy is a comparatively mature technology. Both wave and tidal stream energy are relatively newer concepts. These are in the emerging stages of technology development.
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Global Wave and Tidal Energy Market: Growth Factors
The strength of the wind, its length, and the open ocean distance (fetch) over which it blows are the major factors on which growth of the waves depends. The most powerful and consistent waves are created by strong existing winds in high latitudes. These waves propagate over long distances with little energy loss, to deliver consistent and abundant supplies of readily useable energy. The movements of water that are accelerated into strong currents near the fringe of the oceans, or through narrow passages between islands and other landforms create the tidal energy.
Global Wave and Tidal Energy Market: Segmentation
The report covers forecast and analysis for the wave and tidal energy market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2014 to 2020 based on both volume (MW) and revenue (USD Million). The report also offers detailed competitive landscape of the global wave and tidal energy market. It includes company market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the smart cities market based on energy type segment and region. Wave and tidal are the energy type segment of this market. There is no single dominant technology in the wave or tidal energy market. Both wave and tidal energy are capable of producing extensive benefits of economies of scale.
Global Wave and Tidal Energy Market: Regional Analysis
Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. This report also provides further bifurcation of region on the country level. Major countries analyzed in this reports are U.S., Germany, France, UK, China, Japan, India, and Brazil. Wave and tidal energy market was dominated by Europe in terms of capacity installations for wave and tidal stream power plants due to strong development of power plant in respective region. Additionally, Asia Pacific is expected to have high growth in the tidal energy sector.
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Global Wave and Tidal Energy Market: Competitive Players
Some of the key players for global wave and tidal energy market include AQUAMARINE POWER LTD., S.D. ENERGY LTD., CARNEGIE WAVE ENERGY, PELAMIS WAVE POWER, MARINE CURRENT TURBINES LTD., ATLANTIS RESOURCES LTD., OCEAN POWER TECHNOLOGIES INC., and AQUAGEN TECHNOLOGIES, OCEAN RENEWABLE POWER COMPANY LLC.
This report segments the global wave and tidal energy market as follows:
Global Wave and Tidal Energy Market: Energy Type Segment Analysis
Wave Energy
Tidal Energy
Global Wave and Tidal Energy Market: Regional Segment Analysis
North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East & Africa
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