Wave and Tidal Energy Market 2019 Size, Share, Deployment Strategy, Competitive Analysis, Trends, Business Development, And Regional Forecast To 2023

Wave and Tidal Energy Market 2019 Size, Share, Deployment Strategy, Competitive Analysis, Trends, Business Development, And Regional Forecast To 2023

“””Wave and Tidal Energy Market”””
Wave and Tidal Energy Market Size and Share Analysis, Key Company share With Global Industry Historic and Forecast growth Analysis 2019 to 2023 Report, published by leading company “Market Research Future”. Global Wave and Tidal Energy Market Information by Foundation Type (Barrage, Gravity Base, Monopile, Semi-submersible and Others), Capacity (Up to 100 kW, 100 kW to 500 kW and Above), Depth of installation (Shallow Water, Transitional Water and Deep Water)- and region- Forecast To 2023. Growing Population Expand

Wave and Tidal Energy, considered as one of the two dominant forms of ocean energy, is having substantial market dynamics. When harnessed effectively, oceans have proved to be the largest reserves of clean and sustainable energy that can meet the larger part of the total global energy demand. Wave and Tidal Energy significantly contributes to generating power in distant remote sites where grid connections can be neither cost-effective nor feasible.

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Increasing carbon footprints worldwide are promoting the demand for clean and renewable energy resources. Simultaneously, the demand for power is ever increasing, globally, encouraging the world to develop new renewable energy resources more than ever.  As a result of which, the Wave and Tidal Energy market is perceiving a huge demand led by a substantially augmented demand on the global platform.

Acknowledging the kind of traction this market is garnering currently, Market Research Future (MRFR) in its recently published study report asserts that the global Wave and Tidal Energy market is projected to create a substantial revenue pocket, growing at an impressive CAGR throughout the forecast period (2017 to 2023).

Technologies used in the Wave and Tidal Energy have significant potential of reaping benefits of economies of scale. Large-scale commercial array deployments of tidal power plants are projected to be followed by massive cost reductions.

Due to the strong developments in offshore wind energy, the Wave and Tidal Energy market growth is expected to be stable as several investments can be made into the cost reduction of the wave and Wave and Tidal Energy. The market needs constant financial and policy support from governments for brisk commercialization and technology development.

On the other hand, factors impeding the growth of the market are relatively high costs of setup and maintenance of these tidal plants as well as the limited availability of sites. Nevertheless, innovation in design and turbine technology of tidal power are some of the key factors expected to support the market during the assessment period.

Wave and Tidal Energy provides the excellent long-term potential for the economic growth of a country, and hence, policymakers are seeking innovative ways to accelerate commercialization.

Global Wave and Tidal Energy Market Segmentation:

For ease of understanding, the market has been segmented by four key dynamics:

  • By Foundation Type: Barrage, Gravity Base, Monopile, and Semi-submersible among others.
  • By Capacity: Up to 100 kW, 100 kW to 500 kW and Above
  • By Depth of Installation: Shallow Water, Transitional Water, and Deep Water among others.
  • By Region: North America, Asia Pacific, Europe, and the Rest-of-the-World.

Global Wave and Tidal Energy Market Regional Analysis:

The European region, supported by favorable government policies, leads the global Wave and Tidal Energy market. Factors such as the ongoing efforts by the governments to cut down carbon footprint in the region, presence of coastline areas, and rapid advancements in technology are acting as key contributors to the growth of the regional market. Europe also accounts for the global leader in the development of ocean energy technologies, hosting most of the tidal stream and wave energy developers.

The Wave and Tidal Energy market in the North American region accounts for the second largest market, globally. North America is quite developed in terms of renewable energy technologies and their uptake. Factors such as the presence of some of the largest coastlines alongside the incentive programs and favorable policies offered by the government are acting as a major tailwind pushing up the growth of the market.

The Asia Pacific Wave and Tidal Energy market has constantly been growing due to the rapidly spreading awareness regarding the benefits of Wave and Tidal Energy that can replace other conventional fossil fuel sources and reduce carbon emissions, while meeting the electricity needs effectively. The continuous demand for power coupled with the burgeoning population is also a key factor in increasing the size of the market.

The tidal barrage operations in South Korea are expected to put the APAC at the forefront of the global map in the coming years. Furthermore, Australia is also likely to make a significant contribution to the soaring revenues of the Wave and Tidal Energy market in the region.

Global Wave and Tidal Energy Market Competitive Analysis

Characterized by the presence of several well-established players, the Wave and Tidal Energy market appears to be highly competitive as well as fragmented. Well-established players incorporate strategic initiatives such as acquisitions, collaborations, partnerships, expansions, and technology launch to gain a competitive advantage as well as to maintain their positions in the market.

Industry/Innovation/Related News:

May 14, 2019 SIMEC Atlantis Energy (Singapore), one of the leaders in the global developers of sustainable and renewable energy projects with more than 1000 megawatts of power projects in various stages of development announced their entry into a technology partnership and preferred supplier agreement with General Electric Company’s (GE) power conversion business. GE is a multinational conglomerate based in the US, and together the duo companies will build the world’s largest tidal turbine.

As per the terms of the partnership agreement, these companies will work together and share resources for the ongoing development of utility-scale Wave and Tidal Energy generation and associated energy storage solutions. Simultaneously, the duo will also engage in joint marketing activities to promote their new subsea connection technologies with the wider benefits of cleaner, predictable Wave and Tidal Energy.

Table Of Content

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 BARGAINING POWER OF SUPPLIERS

3.1.4 THREAT OF SUBSTITUTES

3.1.5 SEGMENT RIVALRY

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

5 GLOBAL WAVE AND TIDAL ENERGY MARKET BY FOUNDATION TYPE

5.1 INTRODUCTION

5.2 BARRAGE

5.2.1 MARKET ESTIMATES & FORECAST, 2017-2023

5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023

5.3 GRAVITY BASE

5.3.1 MARKET ESTIMATES & FORECAST, 2017-2023

5.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023

5.4 MONOPILE

5.4.1 MARKET ESTIMATES & FORECAST, 2017-2023

5.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023

5.5 SEMI-SUBMERSIBLE

5.5.1 MARKET ESTIMATES & FORECAST, 2017-2023

5.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023

5.6 OTHERS

5.6.1 MARKET ESTIMATES & FORECAST, 2017-2023

5.6.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023

6 GLOBAL WAVE AND TIDAL ENERGY MARKET, BY CAPACITY

6.1 INTRODUCTION

6.2 UP TO 100 KW

6.2.1 MARKET ESTIMATES & FORECAST, 2017-2023

6.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023

6.3 100 KW TO 500 KW

6.3.1 MARKET ESTIMATES & FORECAST, 2017-2023

6.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023

6.4 ABOVE

6.4.1 MARKET ESTIMATES & FORECAST, 2017-2023

6.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023

7 GLOBAL WAVE AND TIDAL ENERGY MARKET, BY DEPTH OF INSTALLATION

7.1 INTRODUCTION

7.2 SHALLOW WATER

7.2.1 MARKET ESTIMATES & FORECAST, 2017-2023

7.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023

7.3 TRANSITIONAL WATER

7.3.1 MARKET ESTIMATES & FORECAST, 2017-2023

7.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023

7.4 DEEP WATER

7.4.1 MARKET ESTIMATES & FORECAST, 2017-2023

7.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023

8 GLOBAL WAVE AND TIDAL ENERGY MARKET, BY REGION

8.1 INTRODUCTION

8.2 NORTH AMERICA

8.2.1 MARKET ESTIMATES & FORECAST, 2017-2023

8.2.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2017-2023

8.2.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2017-2023

8.2.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2017-2023

8.2.5 THE U.S

8.2.5.1 MARKET ESTIMATES & FORECAST, 2017-2023

8.2.5.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2017-2023

8.2.5.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2017-2023

8.2.5.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2017-2023

8.2.6 CANADA

8.2.6.1 MARKET ESTIMATES & FORECAST, 2017-2023

8.2.6.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2017-2023

8.2.6.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2017-2023

8.2.6.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2017-2023

8.3 EUROPE

8.3.1 MARKET ESTIMATES & FORECAST, 2017-2023

8.3.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2017-2023

8.3.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2017-2023

8.3.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2017-2023

8.3.5 U.K

8.3.5.1 MARKET ESTIMATES & FORECAST, 2017-2023

8.3.5.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2017-2023

8.3.5.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2017-2023

8.3.5.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2017-2023

8.3.6 GERMANY

8.3.6.1 MARKET ESTIMATES & FORECAST, 2017-2023

8.3.6.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2017-2023

8.3.6.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2017-2023

8.3.6.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2017-2023

8.3.7 FRANCE

8.3.7.1 MARKET ESTIMATES & FORECAST, 2017-2023

8.3.7.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2017-2023

8.3.7.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2017-2023

8.3.7.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2017-2023

8.3.8 ITALY

8.3.8.1 MARKET ESTIMATES & FORECAST, 2017-2023

8.3.8.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2017-2023

8.3.8.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2017-2023

8.3.8.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2017-2023

8.3.9 REST OF EUROPE

8.3.9.1 MARKET ESTIMATES & FORECAST, 2017-2023

8.3.9.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2017-2023

8.3.9.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2017-2023

8.3.9.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2017-2023

8.4 ASIA PACIFIC

8.4.1 MARKET ESTIMATES & FORECAST, 2017-2023

8.4.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2017-2023

8.4.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2017-2023

8.4.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2017-2023

8.4.5 CHINA

8.4.5.1 MARKET ESTIMATES & FORECAST, 2017-2023

8.4.5.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2017-2023

8.4.5.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2017-2023

8.4.5.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2017-2023

8.4.6 JAPAN

8.4.6.1 MARKET ESTIMATES & FORECAST, 2017-2023

8.4.6.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2017-2023

8.4.6.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2017-2023

8.4.6.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2017-2023

8.4.7 INDIA

8.4.7.1 MARKET ESTIMATES & FORECAST, 2017-2023

8.4.7.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2017-2023

8.4.7.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2017-2023

8.4.7.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2017-2023

8.4.8 REST OF ASIA PACIFIC

8.4.8.1 MARKET ESTIMATES & FORECAST, 2017-2023

8.4.8.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2017-2023

8.4.8.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2017-2023

8.4.8.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2017-2023

8.5 REST OF THE WORLD

8.5.1 MARKET ESTIMATES & FORECAST, 2017-2023

8.5.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2017-2023

8.5.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2017-2023

8.5.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2017-2023

9 COMPETITIVE LANDSCAPE

Continued…

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