Wave and Tidal Energy Market Predicted to Grow at Double Digit CAGR of 10.2% from 2017 to 2023

“Wave and Tidal Energy Market”
Global Wave and Tidal Energy Market Information Report by Industry Type (Wave Energy and Tidal Energy) and by Regions – Global Forecast to 2023

Market Forecast and Highlights:

Market Research Future published a Half Cooked Research Report on Global Wave and Tidal Energy Market. The Wave and Tidal Energy Market is expected to grow over the CAGR of around 10.2% during the period 2017 to 2023.

The Global Energy Industry is rapidly transitioning to a low carbon future and wave energy is expected to contribute 10% of world electricity need by 2050. It is expected to grow further, owing to stable government policies, steady investment and increased collaboration from energy industry, which will develop the wave and tidal energy into more mature renewable energy technology. The energy generated from wave is determined by several factors, including wave height, wave speed, and wave length and water density.

Key Players:

The major players operating in wave and tidal energy market are Pelamis Wave Power. (UK), Tenax Energy (Australia), Atlantis Resources Ltd (UK), Aquamarine Power Ltd. (UK), Carnegie Wave Energy Limited (Australia), Ocean Power Technologies Inc., (U.S.), Marine Current Turbines Ltd, (U.K), Ocean Renewable Power CO Llc (U.S.) and Yam Pro Energy (Israel).

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Market Research Analysis

The wave and tidal technology is increasingly implemented in generating power for remote regions that cannot be connected to the grid. Large scale deployment of wave and tidal energy will result in increased cost reduction and wide deployment. With the development of energy converter technology, wave and tidal stream technologies have significant potential of reaping benefits of large scale deployment. There is a wide variety of wave and tidal energy technologies resulting from the different ways, in which energy can be absorbed from the waves and depending on the water depth and the location such as shoreline, near-shore and offshore.

Scope of the Report:

This study provides an overview of the global wave and tidal energy market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.

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The scope of the study segments the global wave and tidal energy storage market by industry type, by application, by drone type and by region.

Global Wave and Tidal Energy Market, By Type:

  • Wave Energy
  • Tidal Energy

Global Wave and Tidal Energy Market, By Region:

  • Europe
  • North America
  • Asia-Pacific
  • Rest of the world

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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