23 September 2019
Wave and Tidal Energy Market Report Forecasts by Type (Wave Power Plants and Tidal Power Plants), Technology (Tidal Steam Generator, Pendulor Device, Oscillating Water Columns, Barrage and Others), End-User (Residential, Commercial and Industrial), by Region and Analysis of Leading Companies indicates that the Global Wave and Tidal Energy Market was valued at $3.5 billion by 2029.
Wave energy is defined as the energy from the surface of the ocean waves captured to generate electricity, waste, and pump water into storage tanks. The green technology that produces the most focused source of renewable energy is regarded to be the waves and tidal energy. Oceans are a clean energy source inexhaustible. The most sustainable source of energy is expected, therefore, to use tidal and wave energy from the ocean surfaces.
The main trend in the worldwide market for wave and tidal energy was enhanced investment in the growth of wave and tidal energy power projects. Due to the restricted supply of standard fuels like petroleum, gas and carbon and the related pollution released from fuel use, a big proportion of nations, including wave and tidal power, invest in cleaner power sources. These energy resources are abundant and environmentally friendly in nature. Due to the benefit of the wave and tidal energy supply, an increase in investment in wave and tidal energy projects has taken place.
Wave and tidal energy are reliable ways to harness oceans ' energy for generating electricity. Throughout the globe these types of renewable energy are used, because these sources of clean energy are continuous and steady. The abundance of ocean surface and energy generation ability in several countries has encouraged governments to pursue the generation of ocean energy as an significant source of their future renewable energy.
The major driver identified in the wave and tidal energy market is the initiatives of governments to encourage the source of wave and tidal energy. Because of the benefits of the wave and tidal energy project as a cleaner power source, nations around the globe are opting for multiple initiatives such as wave and tidal power projects subsidies, limiting the development of standard power projects, and target-based development of such projects. Countries like China and India are aiming to satisfy a substantial percentage of wave and tidal power projects ' power requirements, which in turn boost market growth.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 207 336 6100.
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
The pace of progress and development of the global supply chain is likely to be strongly influenced in the near term by the growth in turbine generating capacity, rising toward 15 MW.
19 February 2021
In recent years, battery energy storage (BES) techniques are fast developing due to the advancement of power electronics and battery technology. This leads to their increasing applications in power systems for different objectives.
17 February 2021
The aim of this report is to provide detailed market, technology and industry analyses to help readers quantify and qualify the market for molten salt reactors technologies used in to generate electricity. Special emphasis is given to ongoing research into improved efficiencies of molten salt reactors.
16 February 2021
Large proven oil & gas reserves of Canada coupled with growing investments in the building the country’s oil & gas infrastructure is expected to augment the demand for Canadian oil & gas. Favourable government policies and high demand for LNG from countries other than the U.S. is also anticipated to drive demand over the forecast period.