Upcoming Allied Market Research
Tidal Steam Generator Market

Tidal Steam Generator Market

by Energy (Wave Energy, Tidal Energy, Others), by Type (Axial Turbines, Crossflow Turbines, Flow Augmented Turbines, Others) and by Application (Industrial, Commercial, Household, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

Report Code: A15563
Pages: NA
Jul 2023 | 1509 Views
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.



Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Tidal Steam Generator Market

Request Now !

Tidal steam generators (TSGs) make use of moving water to power turbines. The turbines of the generator are placed under water by different mechanism to hold at a position. TSGs come in different designs like horizontal axis turbine, vertical axis turbine, hydrofoil, closed tips, and others. These TSGs are used to harness the wave and tidal energy from the oceans or other major water resources. Owing to limited availability of conventional fuels such as oil, gas, and coal along with associated pollution releases by conventional sources many countries are investing in clean energy sources that includes wave and tidal energy and hence the market for this generated is expected to grow in the upcoming times. Advanced technology and intermittent nature of tidal energy are the major restraints in this market. Moreover, the risk of marine mammals and fish being struck by tidal turbine blades is another factor restraining the growth of the market.

Covid-19 Impact Analysis 

  • The coronavirus's unfavourable global effects are already evident, and they will have a big impact on the tidal steam generator in 2020.
  • The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths across the world. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
  • The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
  • Since the pandemic, the restriction of imports and exports has affected the tidal steam generator market to a great extent as the consumers’ consumption and demand patterns are changing amidst pandemics. Issues such as raw material unavailability, stagnation of the global trade and subsequent delays in installation are estimated to drive the prices upwards which will prove to be a significant obstacle that the industry will have to adapt to. Increase in prices will cause project delays which, in turn, would again cause a spike in prices. 

Top Impacting Factors

Natural resources are getting scarce and there is an urgent need to look for an alternative source for energy generation in the future. Among the available renewable sources, tidal and wave energy has emerged as one of the best options. Not just renewable but the clean energy criteria is also fulfilled in this energy production. Determinants of the generator are designed in such a way that they can generate power of 20 hours a day in comparison to 12 hours a day efficiency of a tidal barrage. Along with that several government policies to focus upon renewable resources, are also helping the market to grow.

Market trends

  • Growing awareness about environment and shift towards renewable resources is a positive sign for the market. 
  • With increasing focus towards eco-friendly practices and reducing the carbon emission percentage in the environment, demand for renewable resources for energy generation has increased in the recent years. Owing to such factors the market for the TSGs has boomed up in the recent times and the trend is expected to continue in the future as well.
  • Growing population and industrialisation in various countries is also a key driver for the market.
  • With increasing population and demand for the electricity, the need for finding a viable and non-polluting source of energy generation is of utmost importance. This is where tidal and wave energy comes into picture and the market for TSGs expanding at an exponential rate.
  • Government policies and subsidies in various countries, enhances the growth of a market.
  •  Governments in various developed as well as developing countries are more concerned about carbon emission and environmental degradation and therefore allowing subsidies and special priorities to the renewable resources’ energy generation players. With the added governmental aid along with growing demand for energy across the globe, especially in developing economies like China and India, the market of TSGs is expected to grow at a healthy rate.

Key Benefits of the Report

This study presents the analytical depiction of the tidal steam generator industry along with the current trends and future estimations to determine the imminent investment pockets.

  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the tidal steam generator market share.
  • The current market is quantitatively analysed to highlight the tidal steam generator market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed tidal steam generator market analysis based on competitive intensity and how the competition will take shape in coming years.

Tidal Steam Generator Market Report Highlights

Aspects Details
By Energy
  • Wave Energy
  • Tidal Energy
  • Others
By Type
  • Axial Turbines
  • Crossflow Turbines
  • Flow Augmented Turbines
  • Others
By Application
  • Industrial
  • Commercial
  • Household
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players Aquamarine Power Limited., AquaGen Technologies, Ocean Renewable Power Company LLC, Pelamis Wave Power Ltd., Carnegie Wave Energy Limited, Tenax Energy Solutions LLC, Ocean Power Technologies Inc., Atlantis Resources Limited, Marine Current Turbines Limited, S.D.E Ltd.

Loading Table Of Content...

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.


Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now

Purchase Full Report of
Tidal Steam Generator Market

Start reading.
This Report and over 54,639+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,930
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise

  • $9,870
  • Unlimited
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD


Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers