Wave and Tidal Energy Market Deployment Strategy, Industry Size – Global Market Research Report 2025

Tidal energy generators located underwater, are used for converting the kinetic energy of tides into tidal energy. These generators are set up in areas where high tidal movements are experienced. The electricity thus generated is stored for further use.

The global solar energy market is expected to grow at a CAGR of 25.0% from 2017 to 2025. (wave energy market forecast)

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Market Landscape by Energy Type
• Wave Energy
• Tidal Energy

Key Point from Table of Content
6. Company profiles
6.1. Aquamarine Power Ltd.
6.1.1. Overview (wave energy market research)
6.1.2. Financials and business segments
6.1.3. Recent developments
6.2. AquaGen Technologies
6.2.1. Overview (tidal energy marketing)
6.2.2. Financials and business segments
6.2.3. Recent developments
6.3. Atlantis Resources Ltd.
6.3.1. Overview
6.3.2. Financials and business segments
6.3.3. Recent developments
6.4. Carnegie Wave Energy Ltd.
6.4.1. Overview
6.4.2. Financials and business segments
6.4.3. Recent developments
6.5. Marine Current Turbines Ltd.
6.5.1. Overview (wave energy global market )
6.5.2. Financials and business segments
6.5.3. Recent developments
6.6. Ocean Power Technologies, Inc.
6.6.1. Overview
6.6.2. Financials and business segments

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Market Dynamics:
Drivers: (wave energy market size)
• Harnessing wave and tidal energies is a rather convenient way to generate power for remote areas.
• Being cost effective and renewable sources of energy encourages the deployment of wind and tidal energies.
• Government schemes and policies supporting the use of renewable resources and promoting reduction in the use of nonrenewable energy sources to prevent further environmental pollution and depletion of fossil fuels.
Restraints: (wave energy market potential)
• Low technical development is expected to hinder market growth during the forecast period.
Market Players: (tidal energy marketing ownership)
The top players in the global wave and tidal energy market include Ocean Power Technologies, Inc., Marine Current Turbines Ltd., Atlantis Resources Ltd., Ocean Renewable Power Company LLC, Wave Power Ltd., Tenax Energy Solutions LLC, S.D.E. Energy Ltd., Carnegie Wave Energy Ltd., Aquamarine Power Ltd., and AquaGen Technologies. (tidal power plant market)

Market Landscape by Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
• LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA

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Based on the energy type, the market is divided into wave energy and tidal energy. Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific, and LAMEA.

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