Factors Driving the Market Growth:
– Increased R&D investments
In contrast to wave technology, the tidal stream, which transforms kinetic energy into electricity, saw greater R&D investments. Factors such as ease of growth and technological know-how linked to the horizontal axis turbines used in the wind industry have resulted in its global elevated acceptance. Technology of tidal range has attained extensive recognition. Barrage tidal range technology has seen higher advances in R&D and in the near future it is estimated that it will stay dominant.
– Government investments in project expansion
The worldwide wave and tidal energy market is experiencing the greatest demand due to an rise in project development across nations, resulting in a huge decrease in electricity costs. Increased investment and fresh local government policies are also promoting technology developers to market their energy converter equipment quickly. Technology development for both types of energy is still in the development stage. By introducing fresh and advanced technologies, this leaves ample room for fresh players to join the market. There is an improved opportunity to develop new technology-based tidal stream power plants. In terms of their installed capacity and investment, both industries are anticipated to witness enormous market growth.
Factors Restraining the Market Growth:
– Immature technology
The intermittent nature of certain wave and tidal power sources is the major restraint recognized in the wave and tidal energy market. In addition, immature technology in wave and tidal power generation and absence of financing channels and project business implementation hinders market growth. In addition, the danger of tidal turbine blades affecting marine mammals and fish is another factor that somehow restricts market development.
Market Segmentation 2019-2029:
The Wave and Tidal Energy Market is segmented on Type, Technology, End user, and Regional basis.
Type
– Wave Power plants
– Tidal Power Plants
Technology
– Tidal Stream Generator
– Pendulor Device
– Oscillating Water Columns
– Barrage
– Others (Lagoon and Turbine)
End user
– Residential
– Commercial
– Industrial
Regional Breakdown
Focused regional forecasts and analysis explore the future opportunities:
– North America
– Europe
– Asia-Pacific
– LAMEA
Competitive Analysis:
– Global wave and tidal energy competitive environment is expected to be moderate over the period ranging 2019 – 2029 by virtue of limited manufacturers operating in this industry
– The market competition is expected to be on the basis of new product development and product pricing.
Major Market Players:
Aquamarine Power ltd, Pelamis 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), and Marine Current Turbines Ltd.
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1. Report Overview
1.1 Global Wave and Tidal Energy Market Overview
1.2 Why You Should Read This Report
1.3 How This Report Delivers
1.4 Key Questions Answered by This Analytical Report Includes
1.5 Who is This Report For?
1.6 Methodology
1.7 Frequently Asked Questions (FAQ)
2. Wave and Tidal Energy Market Executive Summary
3. Wave and Tidal Energy Market Industry Insights
3.1 Wave and Tidal Energy Market Drivers
3.1.1 Increased R&D investments
3.1.2 Government investments in project expansion
3.2 Wave and Tidal Energy Market Restraints
3.2.1 Immature technology
3.3 Key industry trends
3.4 Value chain analysis
3.5 SWOT analysis
3.6 PESTEL analysis
3.7 Porters Five Forces Model
3.8 Regulatory framework
4. Wave and Tidal Energy Market, By Type, 2019 – 2029
4.1 Wave Power Plant Market, 2019 – 2029
4.2 Tidal Power Plant Market, 2019 – 2029
5. Wave and Tidal Energy Market, By Technology, 2019 – 2029
5.1 Tidal Stream Generator Market, 2019 – 2029
5.2 Pendulor Device Market, 2019 – 2029
5.3 Oscillating Market, 2019 – 2029
5.4 Barrage Market, 2019 – 2029
5.5 Others (Lagoon and Turbine) Market, 2019 – 2029
6. Technology Metering Market, By End User, 2019 – 2029
6.1 Residential Market, 2019 – 2029
6.2 Commercial Market, 2019 – 2029
6.3 Industrial Market, 2019 – 2029
7. Wave and Tidal Energy Market, By Region, 2019 – 2029
7.1 North America Wave and Tidal Energy Market 2019 – 2029
7.1.1 U.S. Wave and Tidal Energy Market 2019 – 2029
7.1.2 Canada Wave and Tidal Energy Market 2019 – 2029
7.2 Europe Wave and Tidal Energy Market 2019 – 2029
7.2.1 Germany Wave and Tidal Energy Market 2019 – 2029
7.2.2 France Wave and Tidal Energy Market 2019 – 2029
7.2.3 UK Wave and Tidal Energy Market 2019 – 2029
7.2.4 Rest of Europe Wave and Tidal Energy Market 2019 – 2029
7.3 Asia-Pacific Wave and Tidal Energy Market 2019 – 2029
7.3.1 Japan Wave and Tidal Energy Market 2019 – 2029
7.3.2 China Wave and Tidal Energy Market 2019 – 2029
7.3.3 India Wave and Tidal Energy Market 2019 – 2029
7.3.4 Rest of APAC Wave and Tidal Energy Market 2019 – 2029
7.4 LAMEA Wave and Tidal Energy Market 2019 – 2029
7.4.1 Latin America Wave and Tidal Energy Market 2019 – 2029
7.4.1.1 Brazil Wave and Tidal Energy Market 2019 – 2029
7.4.1.2 Argentina Wave and Tidal Energy Market 2019 – 2029
7.4.2 Middle East Wave and Tidal Energy Market 2019 – 2029
7.4.2.1 UAE Wave and Tidal Energy Market 2019 – 2029
7.4.2.2 Saudi Arabia Wave and Tidal Energy Market 2019 – 2029
7.4.3 Africa Wave and Tidal Energy Market 2019 – 2029
8. Competitive Landscape
8.1 Competitive environment
8.2 New product development
8.3 Merger & acquisitions
8.4 Strategic framework
9. Company Profiles
9.1 Aquamarine Power ltd
9.1.1 Company Overview
9.1.2 Type Benchmarking
9.1.3 Financials
9.1.4 Recent News
9.2 Pelamis Wave Power Ltd.
9.2.1 Company Overview
9.2.2 Type Benchmarking
9.2.3 Financials
9.2.4 Recent News
9.3 Carnegie Wave Energy Ltd.
9.3.1 Company Overview
9.3.2 Type Benchmarking
9.3.3 Financials
9.3.4 Recent News
9.4 Ocean Power Technologies, Inc.
9.4.1 Company Overview
9.4.2 Type Benchmarking
9.4.3 Financials
9.4.4 Recent News
9.5 Ocean Renewable Power Company LLC
9.5.1 Company Overview
9.5.2 Type Benchmarking
9.5.3 Financials
9.5.4 Recent News
9.6 Tenax Energy
9.6.1 Company Overview
9.6.2 Type Benchmarking
9.6.3 Financials
9.6.4 Recent News
9.7 AquaGen Technologies
9.7.1 Company Overview
9.7.2 Type Benchmarking
9.7.3 Financials
9.7.4 Recent News
9.8 Atlantis Resources Ltd.
9.8.1 Company Overview
9.8.2 Type Benchmarking
9.8.3 Financials
9.8.4 Recent News
9.9 S.D.E. Energy Ltd. (WERPO Wave Energy)
9.9.1 Company Overview
9.9.2 Type Benchmarking
9.9.3 Financials
9.9.4 Recent News
9.10 Marine Current Turbines Ltd.
9.10.1 Company Overview
9.10.2 Type Benchmarking
9.10.3 Financials
9.11 Recent News
10. Appendix
LIST OF TABLES
Table 1 Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 2 Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 3 North America: Wave and Tidal Energy Market Size, By Country (US$ Mn AGR%, CAGR%), 2019-2029
Table 4 North America: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 5 North America: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 6 US: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 7 US: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 8 Canada: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 9 Canada: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 10 Europe: Wave and Tidal Energy Market Size, By Country (US$ Mn AGR%, CAGR%), 2019-2029
Table 11 Europe: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 12 Europe: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 13 Germany: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 14 Germany: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 15 France: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 16 France: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 17 UK: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 18 UK: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 19 Rest of Europe: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 20 Rest of Europe: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 21 Asia-Pacific: Wave and Tidal Energy Market Size, By Country (US$ Mn AGR%, CAGR%), 2019-2029
Table 22 Asia-Pacific: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 23 Asia-Pacific: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 24 Japan: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 25 Japan: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 26 China: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 27 China: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 28 India: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 29 India: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 30 Rest of APAC: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 31 Rest of APAC: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 32 LAMEA: Wave and Tidal Energy Market Size, By Country (US$ Mn AGR%, CAGR%), 2019-2029
Table 33 LAMEA: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 34 LAMEA: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 35 Latin America: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 36 Latin America: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 37 Middle East: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 38 Middle East: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
Table 39 Africa: Wave and Tidal Energy Market Size, By Type (US$ Mn AGR%, CAGR%), 2019-2029
Table 40 Africa: Wave and Tidal Energy Market Size, By Technology (US$ Mn AGR%, CAGR%), 2019-2029
LIST OF FIGURES
Figure 1 Wave and Tidal Energy Market Segmentation
Figure 2 Drivers, Restraints, Opportunities, and Challenges in the Wave and Tidal Energy Market
Figure 3 Wave and Tidal Energy Market, By Type (2019-2029)
Figure 4 Wave and Tidal Energy Market, By Type (2019-2029)
Figure 5 Global Wave and Tidal Energy Market, By Region
Figure 6 North America: Wave and Tidal Energy Market Snapshot
Figure 7 Europe: Wave and Tidal Energy Market Snapshot
Figure 8 APAC: Wave and Tidal Energy Market Snapshot
Figure 9 LAMEA: Wave and Tidal Energy Market Snapshot
Figure 10 Market Share/Ranking
Figure 11 Aquamarine Power ltd Financial Snapshot
Figure 12 Pelamis Wave Power Ltd. Financial Snapshot
Figure 13 Carnegie Wave Energy Ltd. Financial Snapshot
Figure 14 Ocean Power Technologies, Inc. Financial Snapshot
Figure 15 Ocean Renewable Power Company LLC Financial Snapshot
Figure 16 Tenax Energy Financial Snapshot
Figure 17 AquaGen Technologies Financial Snapshot
Figure 18 Atlantis Resources Ltd. Financial Snapshot
Figure 19 S.D.E. Energy Ltd. (WERPO Wave Energy) Financial Snapshot
Figure 20 Marine Current Turbines Ltd. Financial Snapshot