Wave and Tidal Energy Market is Expected To Be Worth US$ 10 Billion By 2022

New York, March 06, 2018: Ocean power technology is mainly categorized into three types wave energy, tidal energy and ocean thermal energy. Wave energy and tidal energy are ways of harnessing energy used for power generation. These are the forms of renewable energy which provides stable and constant source of energy. Tidal energy is formed by using the tidal energy generators. These are large and underwater turbines which are located in high tidal movement areas. These turbines capture the kinetic energy of ocean tides and produce electricity. Tidal energy is determined from the gravitational pull of the sun and moon. Rising and falling of waves are occurs two times a day so huge movements are occur in water. Fall of wave known as low tide in which water flows out the dam and rise in wave called as high tide in which water flows into the dam. The tidal energy is reliable, conventional and non polluting form of energy.

The wave and tidal energy market is expected to exceed more than US$ 10 billion by 2022 growing at a CAGR of more than 23.0% in the given forecast period 2014 to 2022.

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The major driving factors of wave and tidal energy market are as follows:
Conventional and regular resource of renewable energy
Developing large project phases in a small area providing scalability
Generating power for remote locations
Cost efficiency
Well built government policy structure motivate schemes

The restraints factors of wave and tidal energy market are as follows:
Require funding channels
Need of business deployment of project because of low technology development
High resources investments

The wave and tidal energy market is segmented on the lines of its type and regional. Under type segmentation it covers wave energy and tidal energy. The wave and tidal energy market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:

1) An overview of the global market for wave and tidal energy and related technologies.

2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2022.

3) Identifications of new market opportunities and targeted promotional plans for wave and tidal energy
4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Wave Power Ltd., Carnegie Wave Energy Ltd., Ocean Power Technologies, Inc., Ocean Renewable Power Company LLC, Tenax Energy, AquaGen Technologies, Atlantis Resources Ltd., S.D.E. Energy Ltd. (WERPO Wave Energy), Marine Current Turbines Ltd., and Aquamarine Power Ltd.. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Wave and Tidal Energy Market has been segmented as below:

By Type Analysis
Wave energy
Tidal energy

By Regional Analysis
North America
Europe
Asia-Pacific
Rest of the World

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Table of Contents
1 INTRODUCTION
2 Executive Summary
3 Market Overview
3.1 INTRODUCTION
3.2 VALUE CHAIN ANALYSIS
3.3 MARKET DRIVERS
3.3.1 PREDICTABLE AND CONSTANT SOURCE OF RENEWABLE ENERGY
3.3.2 SCALABILITY WITHIN A SMALL AREA ALLOWING LARGE PROJECT DEVELOPMENT IN PHASES
3.3.3 GENERATION OF POWER FOR REMOTE LOCATIONS WHERE DRAWING GRID CONNECTIONS ARE NOT COST EFFECTIVE OR FEASIBLE
3.3.4 STRONG GOVERNMENT POLICY FRAMEWORK AND INCENTIVE SCHEMES
3.4 MARKET RESTRAINTS
3.4.1 HIGH CAPITAL INVESTMENTS AND LACK OF FUNDING CHANNELS
3.4.2 LACK OF COMMERCIAL DEPLOYMENT OF PROJECTS DUE TO LOW TECHNOLOGY MATURITY
3.5 MARKET OPPORTUNITIES
3.5.1 MASSIVE COST REDUCTION OPPORTUNITIES THROUGH TECHNOLOGICAL INNOVATIONS AND CAPACITY UP-SCALING
3.6 PORTER’S FIVE FORCES ANALYSIS
3.6.1 BARGAINING POWER OF SUPPLIERS
3.6.2 BARGAINING POWER OF BUYERS
3.6.3 THREAT FROM NEW ENTRANTS
3.6.4 DEGREE OF COMPETITION
3.6.5 THREAT FROM SUBSTITUTES
3.7 WAVE AND TIDAL ENERGY: LIFETIME PLANT COST ANALYSIS
3.7.1 WAVE ENERGY GENERATION
3.7.1.1 Global Wave Energy generation cost reduction opportunities, By cost type
3.7.1.2 Global Wave Energy generation lifetime plant cost breakdown and forecast, by cost type, 2014 – 2024, (Mn US$/MW)
3.7.2 TIDAL ENERGY GENERATION
3.7.2.1 Global Tidal Energy generation cost reduction opportunities, By cost type
3.7.2.2 Global Tidal Energy generation lifetime plant cost breakdown and forecast, by cost type, 2014 – 2024, (Mn US$/MW)
3.8 WAVE AND TIDAL ENERGY: GLOBAL REGULATORY LANDSCAPE
3.8.1.1 U.K & Scotland Wave and Tidal Energy financial incentive schemes
3.9 MARKET ATTRACTIVENESS ANALYSIS OF THE WAVE AND TIDAL ENERGY MARKET, BY REGION, 2015
3.10 COMPANY MARKET SHARE ANALYSIS
3.10.1 COMPANY MARKET SHARE ANALYSIS : TIDAL ENERGY
3.10.1.1 Tidal Energy, company market share analysis (MW), 2014
3.10.2 COMPANY MARKET SHARE ANALYSIS : WAVE ENERGY
3.10.2.1 Wave Energy, company market share analysis (MW), 2014
4 Wave and Tidal Energy Market: Type Analysis
5 Wave and Tidal Energy Market: Regional Analysis
6 Company Profiles
6.1 AQUAMARINE POWER LTD.
6.2 CARNEGIE WAVE ENERGY
6.3 MARINE CURRENT TURBINES LTD.
6.4 OCEAN POWER TECHNOLOGIES INC.
6.5 OCEAN RENEWABLE POWER COMPANY LLC
6.6 TENAX ENERGY
6.7 AQUAGEN TECHNOLOGIES
6.8 ATLANTIS RESOURCES LTD.
6.9 PELAMIS WAVE POWER
6.10 S.D.E ENERGY LTD. (WERPO)

Reasons to Buy this Report:

1) Obtain the most up to date information available on all wave and tidal energy market globally.

2) Identify growth segments and opportunities in the industry.

3) Facilitate decision making on the basis of strong historic and forecast of coating industry and unit capacity data.

4) Assess your competitor’s refining portfolio and its evolution.

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