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2022
Wave And Tidal Energy Market

Wave and Tidal Energy Market by Type (Wave Energy, Tidal Energy), by Technology (Tidal stream generator, Oscillating Water Columns, Tidal turbines, Tidal barrages, Tidal fences), by Application (Power generation, Desalination): Global Opportunity Analysis and Industry Forecast, 2020-2030

A01863
Pages: 239
May 2022 | 7970 Views
   
Author(s) : Mohd Arbaz , Yerukola Eswara Prasad
Tables: 146
Charts: 53
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Wave And Tidal Energy Market Research, 2030

The global wave and tidal energy market was valued at $0.5 billion in 2020, and is projected to reach $1.3 billion by 2030, growing at a CAGR of 9.4% from 2021 to 2030.

The manufacturing of wave and tidal energy system equipment was stopped for a specific period due to high peak of COVID-19 situation, which led to high impact on sales of wave and tidal energy system.However, there is a sluggish decline in the global wave and tidal energy market due to impact of COVID-19.

Wave energy is defined as the energy of the ocean surface waves, which is captured for electricity generation, desalination, and for pumping of water into reservoirs. Wave and tidal energies are considered to be the most promising green technologies, as they generate the most concentrated source of renewable energy. Oceans are an inexhaustible source of clean energy. Therefore, harnessing tidal and wave energy from the ocean surfaces is expected to be the most sustainable source of energy. They are the sustainable methods of harnessing energy of oceans for power generation. Countries across the world tend to utilize these forms of renewable energy, as these provide a constant and steady source of clean energy. Abundance of ocean surface and energy generation capacity in several nations has promoted governments to pursue ocean energy generation as an important source of their renewable energy in future. In addition, tidal energy works through a wind like turbine, with blades rotating 12-to-18 times a minute, depending on tide strength. The turbine is connected to a gearbox that turns a generator, creating electricity. Moreover, wave-driven power is a type of power generation related to tidal power. Rather than relying on the tidal movements in large bodies of water, wave energy is derived from wind-driven waves. It can be used to generate electricity.

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Rising dependency on electricity led to increase in sustainable power generation and wave & tidal energy is one of the sustainable power generation processes; however, government sustainable projects with respect to power generation may act as the major driving factor for the market.

The global wave and tidal energy market industry is segmented on the basis of type, technology, application, application and region. Depending on type, the market is categorized into wave energy and tidal energy. On the basis of technology, it is divided into tidal stream generator, oscillating water columns, tidal turbines, tidal barrages and tidal fences. On the basis of application, it is classified into power generation and desalination. Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.

The global wave and tidal energy market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report Include Aquagen Technologies, Carnegie Wave Energy Ltd., Corpower Ocean AB., Eco Wave Power, Ocean Power Technologies, Inc, Ocean Renewable Power Company, Pelamis Wave Power, SIMEC Atlantis Energy, Tenax Energy and Verdant Power, Inc.

Wave and Tidal Energy Market
By Type

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Wave Energy is the most remunerative segment and witness the highest growth during the forecast period

By type, the wave energy segment dominated the global Wave and tidal energy market in 2020, and is projected to remain the fastest-growing segment during the forecast period. This is attributed to rising dependency on electricity and renewable energy.

Wave and Tidal Energy Market
By Technology

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Tidal stream generator segment is projected as the most lucrative segment.

By technology, the tidal stream generator segment dominated the global wave and tidal energy market in 2020, and is projected to remain the fastest-growing segment during the forecast period. This is attributed to rise in the tidal energy infrastructure leading to increase in demand for tidal stream generator, which may act as the major driving factor for the market.

Wave and Tidal Energy Market
By Application

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Power generation is projected as the most lucrative segment.

By application, the power generation segment dominated the global wave and tidal energy market in 2020, and is projected to remain the fastest-growing segment during the forecast period. This is attributed to rising dependency on electricity, which may act as the major driving factor for the market. Moreover, driving factors include a shift toward cleaner fuel sources and plans to increase the proportion of renewable energy in the absolute power generation mix across the globe including all the major developed and emerging economies.

Wave and Tidal Energy Market
By Region

2030
Europe 
North America
Asia-pacific
Lamea

Europe is projected to create abundant $ opportunity till 2030

By region, North America dominated the global wave and tidal energy market in 2020, and is projected to remain the fastest-growing segment during the forecast period. This is attributed to rising urbanization, which led to increase in the wastewater management activities, which in turn is expected to increase the demand for wave and tidal energy system and may act as the major driving factor for the market.

    IMPACT OF COVID-19 ON THE GLOBAL WAVE AND TIDAL ENERGY MARKET

    • The COVID-19 pandemic has curtailed the movement of people, goods and technologies worldwide, including in most regions where production of wave and tidal energy system is on large scale. As part of intensifying efforts to contain the spread of COVID-19, a number of local, state and national governments have imposed various restrictions on the conduct of business and travel, such as stay-at-home orders and quarantines that have led to a significant number of business slowdowns and closures. The COVID-19 pandemic has resulted in, and is expected to continue to result in a substantial curtailment of business activities (including the decrease in demand for a broad variety of goods and technologies), weakened economic conditions, supply chain disruptions, significant economic uncertainty and volatility in the financial and commodity markets, including the reduction in global demand for oil and gas combined with excessive supply, due to disagreements between OPEC, both in the U.S. and abroad. However, disruption in such above-mentioned activities led to decrease in demand for wave and tidal energy system and thus, negatively impacted the whole market.
    • The manufacturing of wave and tidal energy system equipment was stopped for a specific period due to high peak of COVID-19 situation, which led to high impact on sales of wave and tidal energy system.
    • COVID-19 impacted almost all industries by hindering various industrial technologies and disrupting the supply chain. Maximum companies halted their technology due to less workforce. However, there is a sluggish decline in the global wave and tidal energy industry due to impact of COVID-19.
    • Furthermore, import and export activities were significantly impacted, which, in turn, adversely affected the industries using wave and tidal energy system and thereby, affecting the global wave and tidal energy market.
    • According to the UNIDO (United Nations Industrial Development Organization), 30.0%–70.0% of pre-COVID-19 workforce of various industries, such as electrical and other third-party vendors migrated to their hometowns, due to uncertainties and loss of income during lockdown. This unavailability or less availability of workforce is expected to directly affect the production and manufacturing activities, thereby resulting in decline in demand for raw materials used in wave and tidal energy system. This is expected to decline the growth of the market during the forecast period.

    KEY BENEFITS FOR STAKEHOLDERS

    • The report provides an in-depth analysis of the trends along with the current and future global wave and tidal energy market forecast.
    • The report highlights the key wave and tidal energy market share, opportunities, drivers and restraints of the market along with the impact analyses during the forecast period.
    • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the global wave and tidal energy market for strategy building.
    • A comprehensive global wave and tidal energy market analysis covers factors that drive and restrain the global wave and tidal energy market growth.
    • The qualitative data in this report aims on market dynamics, trends, and developments.

    Key Market Segments

    • By Type
      • Wave Energy
      • Tidal Energy
    • By Technology
      • Tidal stream generator
      • Oscillating Water Columns
      • Tidal turbines
      • Tidal barrages
      • Tidal fences
    • By Application
      • Power generation
      • Desalination
    • By Region
      • North America
        • U.S.
        • Canada
        • Mexico
      • Europe
        • France
        • Germany
        • Italy
        • Spain
        • United Kingdom
        • Rest of Europe
      • Asia-Pacific
        • China
        • Japan
        • India
        • South Korea
        • Australia
        • Rest Of Asia Pacific
      • LAMEA
        • Brazil
        • South Africa,
        • Saudi Arabia
        • Rest of LAMEA


    Key Market Players

    • Aquagen Technologies
    • Carnegie Wave Energy Ltd.
    • Corpower Ocean AB
    • Eco Wave Power
    • Ocean Power Technologies, Inc
    • Ocean Renewable Power Company
    • Pelamis Wave Power
    • SIMEC Atlantis Energy
    • TENAX ENERGY
    • Verdant Power, Inc.
     
    • CHAPTER 1:INTRODUCTION

      • 1.1.Report description

      • 1.2.Key market segments

      • 1.3.Key benefits to the stakeholders

      • 1.4.Research Methodology

        • 1.4.1.Secondary research

        • 1.4.2.Primary research

        • 1.4.3.Analyst tools and models

    • CHAPTER 2:EXECUTIVE SUMMARY

      • 2.1.Key findings of the study

      • 2.2.CXO Perspective

    • CHAPTER 3:MARKET OVERVIEW

      • 3.1.Market definition and scope

      • 3.2.Key findings

        • 3.2.1.Top investment pockets

      • 3.3.Porter’s five forces analysis

      • 3.4.Top player positioning

      • 3.5.Market dynamics

        • 3.5.1.Drivers

        • 3.5.2.Restraints

        • 3.5.3.Opportunities

      • 3.6.COVID-19 Impact Analysis on the market

    • CHAPTER 4: WAVE AND TIDAL ENERGY MARKET, BY TYPE

      • 4.1 Overview

        • 4.1.1 Market size and forecast

      • 4.2 Wave Energy

        • 4.2.1 Key market trends, growth factors and opportunities

        • 4.2.2 Market size and forecast, by region

        • 4.2.3 Market analysis by country

      • 4.3 Tidal Energy

        • 4.3.1 Key market trends, growth factors and opportunities

        • 4.3.2 Market size and forecast, by region

        • 4.3.3 Market analysis by country

    • CHAPTER 5: WAVE AND TIDAL ENERGY MARKET, BY TECHNOLOGY

      • 5.1 Overview

        • 5.1.1 Market size and forecast

      • 5.2 Tidal stream generator

        • 5.2.1 Key market trends, growth factors and opportunities

        • 5.2.2 Market size and forecast, by region

        • 5.2.3 Market analysis by country

      • 5.3 Oscillating Water Columns

        • 5.3.1 Key market trends, growth factors and opportunities

        • 5.3.2 Market size and forecast, by region

        • 5.3.3 Market analysis by country

      • 5.4 Tidal turbines

        • 5.4.1 Key market trends, growth factors and opportunities

        • 5.4.2 Market size and forecast, by region

        • 5.4.3 Market analysis by country

      • 5.5 Tidal barrages

        • 5.5.1 Key market trends, growth factors and opportunities

        • 5.5.2 Market size and forecast, by region

        • 5.5.3 Market analysis by country

      • 5.6 Tidal fences

        • 5.6.1 Key market trends, growth factors and opportunities

        • 5.6.2 Market size and forecast, by region

        • 5.6.3 Market analysis by country

    • CHAPTER 6: WAVE AND TIDAL ENERGY MARKET, BY APPLICATION

      • 6.1 Overview

        • 6.1.1 Market size and forecast

      • 6.2 Power generation

        • 6.2.1 Key market trends, growth factors and opportunities

        • 6.2.2 Market size and forecast, by region

        • 6.2.3 Market analysis by country

      • 6.3 Desalination

        • 6.3.1 Key market trends, growth factors and opportunities

        • 6.3.2 Market size and forecast, by region

        • 6.3.3 Market analysis by country

    • CHAPTER 7: WAVE AND TIDAL ENERGY MARKET, BY REGION

      • 7.1 Overview

        • 7.1.1 Market size and forecast

      • 7.2 North America

        • 7.2.1 Key trends and opportunities

        • 7.2.2 North America Market size and forecast, by Type

        • 7.2.3 North America Market size and forecast, by Technology

        • 7.2.4 North America Market size and forecast, by Application

        • 7.2.5 North America Market size and forecast, by country

          • 7.2.5.1 U.S.
            • 7.2.5.1.1 Market size and forecast, by Type
            • 7.2.5.1.2 Market size and forecast, by Technology
            • 7.2.5.1.3 Market size and forecast, by Application
          • 7.2.5.2 Canada
            • 7.2.5.2.1 Market size and forecast, by Type
            • 7.2.5.2.2 Market size and forecast, by Technology
            • 7.2.5.2.3 Market size and forecast, by Application
          • 7.2.5.3 Mexico
            • 7.2.5.3.1 Market size and forecast, by Type
            • 7.2.5.3.2 Market size and forecast, by Technology
            • 7.2.5.3.3 Market size and forecast, by Application
      • 7.3 Europe

        • 7.3.1 Key trends and opportunities

        • 7.3.2 Europe Market size and forecast, by Type

        • 7.3.3 Europe Market size and forecast, by Technology

        • 7.3.4 Europe Market size and forecast, by Application

        • 7.3.5 Europe Market size and forecast, by country

          • 7.3.5.1 France
            • 7.3.5.1.1 Market size and forecast, by Type
            • 7.3.5.1.2 Market size and forecast, by Technology
            • 7.3.5.1.3 Market size and forecast, by Application
          • 7.3.5.2 Germany
            • 7.3.5.2.1 Market size and forecast, by Type
            • 7.3.5.2.2 Market size and forecast, by Technology
            • 7.3.5.2.3 Market size and forecast, by Application
          • 7.3.5.3 Italy
            • 7.3.5.3.1 Market size and forecast, by Type
            • 7.3.5.3.2 Market size and forecast, by Technology
            • 7.3.5.3.3 Market size and forecast, by Application
          • 7.3.5.4 Spain
            • 7.3.5.4.1 Market size and forecast, by Type
            • 7.3.5.4.2 Market size and forecast, by Technology
            • 7.3.5.4.3 Market size and forecast, by Application
          • 7.3.5.5 United Kingdom
            • 7.3.5.5.1 Market size and forecast, by Type
            • 7.3.5.5.2 Market size and forecast, by Technology
            • 7.3.5.5.3 Market size and forecast, by Application
          • 7.3.5.6 Rest of Europe
            • 7.3.5.6.1 Market size and forecast, by Type
            • 7.3.5.6.2 Market size and forecast, by Technology
            • 7.3.5.6.3 Market size and forecast, by Application
      • 7.4 Asia-Pacific

        • 7.4.1 Key trends and opportunities

        • 7.4.2 Asia-Pacific Market size and forecast, by Type

        • 7.4.3 Asia-Pacific Market size and forecast, by Technology

        • 7.4.4 Asia-Pacific Market size and forecast, by Application

        • 7.4.5 Asia-Pacific Market size and forecast, by country

          • 7.4.5.1 China
            • 7.4.5.1.1 Market size and forecast, by Type
            • 7.4.5.1.2 Market size and forecast, by Technology
            • 7.4.5.1.3 Market size and forecast, by Application
          • 7.4.5.2 Japan
            • 7.4.5.2.1 Market size and forecast, by Type
            • 7.4.5.2.2 Market size and forecast, by Technology
            • 7.4.5.2.3 Market size and forecast, by Application
          • 7.4.5.3 India
            • 7.4.5.3.1 Market size and forecast, by Type
            • 7.4.5.3.2 Market size and forecast, by Technology
            • 7.4.5.3.3 Market size and forecast, by Application
          • 7.4.5.4 South Korea
            • 7.4.5.4.1 Market size and forecast, by Type
            • 7.4.5.4.2 Market size and forecast, by Technology
            • 7.4.5.4.3 Market size and forecast, by Application
          • 7.4.5.5 Australia
            • 7.4.5.5.1 Market size and forecast, by Type
            • 7.4.5.5.2 Market size and forecast, by Technology
            • 7.4.5.5.3 Market size and forecast, by Application
          • 7.4.5.6 Rest Of Asia Pacific
            • 7.4.5.6.1 Market size and forecast, by Type
            • 7.4.5.6.2 Market size and forecast, by Technology
            • 7.4.5.6.3 Market size and forecast, by Application
      • 7.5 LAMEA

        • 7.5.1 Key trends and opportunities

        • 7.5.2 LAMEA Market size and forecast, by Type

        • 7.5.3 LAMEA Market size and forecast, by Technology

        • 7.5.4 LAMEA Market size and forecast, by Application

        • 7.5.5 LAMEA Market size and forecast, by country

          • 7.5.5.1 Brazil
            • 7.5.5.1.1 Market size and forecast, by Type
            • 7.5.5.1.2 Market size and forecast, by Technology
            • 7.5.5.1.3 Market size and forecast, by Application
          • 7.5.5.2 South Africa,
            • 7.5.5.2.1 Market size and forecast, by Type
            • 7.5.5.2.2 Market size and forecast, by Technology
            • 7.5.5.2.3 Market size and forecast, by Application
          • 7.5.5.3 Saudi Arabia
            • 7.5.5.3.1 Market size and forecast, by Type
            • 7.5.5.3.2 Market size and forecast, by Technology
            • 7.5.5.3.3 Market size and forecast, by Application
          • 7.5.5.4 Rest of LAMEA
            • 7.5.5.4.1 Market size and forecast, by Type
            • 7.5.5.4.2 Market size and forecast, by Technology
            • 7.5.5.4.3 Market size and forecast, by Application
    • CHAPTER 8: COMPANY LANDSCAPE

      • 8.1. Introduction

      • 8.2. Top winning strategies

      • 8.3. Product Mapping of Top 10 Player

      • 8.4. Competitive Dashboard

      • 8.5. Competitive Heatmap

      • 8.6. Key developments

    • CHAPTER 9: COMPANY PROFILES

      • 9.1 Aquagen Technologies

        • 9.1.1 Company overview

        • 9.1.2 Company snapshot

        • 9.1.3 Operating business segments

        • 9.1.4 Product portfolio

        • 9.1.5 Business performance

        • 9.1.6 Key strategic moves and developments

      • 9.2 Carnegie Wave Energy Ltd.

        • 9.2.1 Company overview

        • 9.2.2 Company snapshot

        • 9.2.3 Operating business segments

        • 9.2.4 Product portfolio

        • 9.2.5 Business performance

        • 9.2.6 Key strategic moves and developments

      • 9.3 Corpower Ocean AB

        • 9.3.1 Company overview

        • 9.3.2 Company snapshot

        • 9.3.3 Operating business segments

        • 9.3.4 Product portfolio

        • 9.3.5 Business performance

        • 9.3.6 Key strategic moves and developments

      • 9.4 Eco Wave Power

        • 9.4.1 Company overview

        • 9.4.2 Company snapshot

        • 9.4.3 Operating business segments

        • 9.4.4 Product portfolio

        • 9.4.5 Business performance

        • 9.4.6 Key strategic moves and developments

      • 9.5 Ocean Power Technologies, Inc

        • 9.5.1 Company overview

        • 9.5.2 Company snapshot

        • 9.5.3 Operating business segments

        • 9.5.4 Product portfolio

        • 9.5.5 Business performance

        • 9.5.6 Key strategic moves and developments

      • 9.6 Ocean Renewable Power Company

        • 9.6.1 Company overview

        • 9.6.2 Company snapshot

        • 9.6.3 Operating business segments

        • 9.6.4 Product portfolio

        • 9.6.5 Business performance

        • 9.6.6 Key strategic moves and developments

      • 9.7 Pelamis Wave Power

        • 9.7.1 Company overview

        • 9.7.2 Company snapshot

        • 9.7.3 Operating business segments

        • 9.7.4 Product portfolio

        • 9.7.5 Business performance

        • 9.7.6 Key strategic moves and developments

      • 9.8 SIMEC Atlantis Energy

        • 9.8.1 Company overview

        • 9.8.2 Company snapshot

        • 9.8.3 Operating business segments

        • 9.8.4 Product portfolio

        • 9.8.5 Business performance

        • 9.8.6 Key strategic moves and developments

      • 9.9 TENAX ENERGY

        • 9.9.1 Company overview

        • 9.9.2 Company snapshot

        • 9.9.3 Operating business segments

        • 9.9.4 Product portfolio

        • 9.9.5 Business performance

        • 9.9.6 Key strategic moves and developments

      • 9.10 Verdant Power, Inc.

        • 9.10.1 Company overview

        • 9.10.2 Company snapshot

        • 9.10.3 Operating business segments

        • 9.10.4 Product portfolio

        • 9.10.5 Business performance

        • 9.10.6 Key strategic moves and developments

      Note: Details on financial performance and strategic moves and developments may not be captured for unlisted companies.

    • LIST OF TABLES

    • TABLE 01. GLOBAL WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 02. GLOBAL WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 03. GLOBAL WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 04. WAVE AND TIDAL ENERGY SYSTEM MARKET, BY REGION 2020–2030 ($MILLION)
      TABLE 05. NORTH AMERICA WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 06. NORTH AMERICA WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 07. NORTH AMERICA WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 08. NORTH AMERICA WAVE AND TIDAL ENERGY SYSTEM MARKET, BY COUNTRY 2020–2030 ($MILLION)
      TABLE 09. U.S. WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 10. U.S. WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 11. U.S. WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 12. CANADA WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 13. CANADA WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 14. CANADA WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 15. MEXICO WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 16. MEXICO WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 17. MEXICO WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 18. EUROPE WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 19. EUROPE WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 20. EUROPE WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 21. EUROPE WAVE AND TIDAL ENERGY SYSTEM MARKET, BY COUNTRY 2020–2030 ($MILLION)
      TABLE 22. FRANCE WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 23. FRANCE WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 24. FRANCE WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 25. GERMANY WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 26. GERMANY WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 27. GERMANY WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 28. ITALY WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 29. ITALY WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 30. ITALY WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 31. SPAIN WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 32. SPAIN WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 33. SPAIN WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 34. UK WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 35. UK WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 36. UK WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 37. REST OF EUROPE WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 38. REST OF EUROPE WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 39. REST OF EUROPE WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 40. ASIA-PACIFIC WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 41. ASIA-PACIFIC WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 42. ASIA-PACIFIC WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 43. ASIA-PACIFIC WAVE AND TIDAL ENERGY SYSTEM MARKET, BY COUNTRY 2020–2030 ($MILLION)
      TABLE 44. CHINA WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 45. CHINA WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 46. CHINA WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 47. JAPAN WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 48. JAPAN WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 49. JAPAN WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 50. INDIAN WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 51. INDIAN WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 52. INDIAN WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 53. SOUTH KOREA WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 54. SOUTH KOREA WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 55. SOUTH KOREA WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 56. AUSTRALIA WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 57. AUSTRALIA WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 58. AUSTRALIA WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 59. REST OF ASIA-PACIFIC WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 60. REST OF ASIA-PACIFIC WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 61. REST OF ASIA-PACIFIC WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 62. LAMEA WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 63. LAMEA WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 64. LAMEA WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 65. LAMEA WAVE AND TIDAL ENERGY SYSTEM MARKET, BY COUNTRY 2020–2030 ($MILLION)
      TABLE 66. BRAZIL WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 67. BRAZIL WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 68. BRAZIL WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 69. SOUTH AFRICA WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 70. SOUTH AFRICA WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 71. SOUTH AFRICA WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 72. SAUDI ARABIA WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 73. SAUDI ARABIA WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 74. SAUDI ARABIA WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 75. REST OF LAMEA WAVE AND TIDAL ENERGY SYSTEM, BY TYPE, 2020–2030 ($MILLION)
      TABLE 76. REST OF LAMEA WAVE AND TIDAL ENERGY SYSTEM, BY TECHNOLOGY 2020–2030 ($MILLION)
      TABLE 77. REST OF LAMEA WAVE AND TIDAL ENERGY SYSTEM, BY APPLICATION 2020–2030 ($MILLION)
      TABLE 78. KEY NEW PRODUCT LAUNCHES (2017–2021)
      TABLE 79. KEY EXPANSIONS (2017–2021)
      TABLE 80. KEY COLLABORATION (2017–2021)
      TABLE 81. AQUAGEN TECHNOLOGIES: KEY EXECUTIVES
      TABLE 82. AQUAGEN TECHNOLOGIES: COMPANY SNAPSHOT
      TABLE 83. AQUAGEN TECHNOLOGIES: PRODUCT PORTFOLIO
      TABLE 84. CARNEGIE WAVE ENERGY LTD.: KEY EXECUTIVES
      TABLE 85. CARNEGIE WAVE ENERGY LTD.: COMPANY SNAPSHOT
      TABLE 86. CARNEGIE WAVE ENERGY LTD.: PRODUCT PORTFOLIO
      TABLE 87. CARNEGIE WAVE ENERGY LTD.: NET SALES, 2019–2021 ($MILLION)
      TABLE 88. CORPOWER OCEAN AB.: KEY EXECUTIVES
      TABLE 89. CORPOWER OCEAN AB.: COMPANY SNAPSHOT
      TABLE 90. CORPOWER OCEAN AB.: PRODUCT PORTFOLIO
      TABLE 91. ECO WAVE POWER: KEY EXECUTIVES
      TABLE 92. ECO WAVE POWER: COMPANY SNAPSHOT
      TABLE 93. ECO WAVE POWER: PRODUCT PORTFOLIO
      TABLE 94. OCEAN POWER TECHNOLOGIES, INC.: COMPANY SNAPSHOT
      TABLE 95. OCEAN POWER TECHNOLOGIES, INC.: KEY EXECUTIVES
      TABLE 96. OCEAN POWER TECHNOLOGIES, INC.: PRODUCT PORTFOLIO
      TABLE 97. OVERALL FINANCIAL STATUS ($MILLION)
      TABLE 98. OCEAN RENEWABLE POWER COMPANY LLC. LTD.: KEY EXECUTIVES
      TABLE 99. OCEAN RENEWABLE POWER COMPANY LLC.: COMPANY SNAPSHOT
      TABLE 100. OCEAN RENEWABLE POWER COMPANY LLC.: PRODUCT PORTFOLIO
      TABLE 101. PELAMIS WAVE POWER LTD.: KEY EXECUTIVES
      TABLE 102. PELAMIS WAVE POWER LTD.: COMPANY SNAPSHOT
      TABLE 103. PELAMIS WAVE POWER LTD.: PRODUCT PORTFOLIO
      TABLE 104. SIMEC ATLANTIS ENERGY: COMPANY SNAPSHOT
      TABLE 105. SIMEC ATLANTIS ENERGY: KEY EXECUTIVES
      TABLE 106. SIMEC ATLANTIS ENERGY: OPERATING SEGMENTS
      TABLE 107. SIMEC ATLANTIS ENERGY: PRODUCT PORTFOLIO
      TABLE 108. OVERALL FINANCIAL STATUS ($MILLION)
      TABLE 109. SIMEC ATLANTIS ENERGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
      TABLE 110. TENAX ENERGY: KEY EXECUTIVES
      TABLE 111. TENAX ENERGY: COMPANY SNAPSHOT
      TABLE 112. TENAX ENERGY: PRODUCT PORTFOLIO
      TABLE 113. VERDANT POWER, INC.: COMPANY SNAPSHOT
      TABLE 114. VERDANT POWER, INC.: KEY EXECUTIVES
      TABLE 115. VERDANT POWER, INC.: PRODUCT PORTFOLIO
      TABLE 116. VERDANT POWER, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
    • LIST OF FIGURES

    • FIGURE 01. GLOBAL WAVE AND TIDAL ENERGY MARKET SNAPSHOT, BY SEGMENTATION, 2021–2030
      FIGURE 02. GLOBAL WAVE AND TIDAL ENERGY MARKET SNAPSHOT, BY REGION, 2021–2030
      FIGURE 03. GLOBAL WAVE AND TIDAL ENERGY MARKET SEGMENTATION
      FIGURE 04. TOP INVESTMENT POCKETS
      FIGURE 05. LOW BARGAINING POWER OF SUPPLIERS
      FIGURE 06. HIGH THREAT OF NEW ENTRANTS
      FIGURE 07. LOW THREAT OF SUBSTITUTES
      FIGURE 08. HIGH INTENSITY OF COMPETITIVE RIVALRY
      FIGURE 09. MODERATE BARSGAINING POWER OF BUYERS
      FIGURE 10. GLOBAL WAVE AND TIDAL ENERGY MARKET DYNAMICS
      FIGURE 11. VALUE CHAIN ANALYSIS
      FIGURE 12. GLOBAL WAVE AND TIDAL ENERGY SYSTEM REVENUE, BY TYPE ($MILLION)
      FIGURE 13. MARKET SIZE AND FORECAST, 2020-2030 ($MILLION)
      FIGURE 14. MARKET SIZE AND FORECAST, 2020-2030 ($MILLION)
      FIGURE 15. GLOBAL WAVE AND TIDAL ENERGY SYSTEM REVENUE, BY TECHNOLOGY ($MILLION)
      FIGURE 16. MARKET SIZE AND FORECAST, 2020-2030 ($MILLION)
      FIGURE 17. MARKET SIZE AND FORECAST, 2020-2030 ($MILLION)
      FIGURE 18. MARKET SIZE AND FORECAST, 2020-2030 ($MILLION)
      FIGURE 19. MARKET SIZE AND FORECAST, 2020-2030 ($MILLION)
      FIGURE 20. MARKET SIZE AND FORECAST, 2020-2030 ($MILLION)
      FIGURE 21. GLOBAL WAVE AND TIDAL ENERGY SYSTEM REVENUE, BY APPLICATION ($MILLION)
      FIGURE 22. MARKET SIZE AND FORECAST, 2020-2030 ($MILLION)
      FIGURE 23. MARKET SIZE AND FORECAST, 2020-2030 ($MILLION)
      FIGURE 24. GLOBAL WAVE AND TIDAL ENERGY MARKET REVENUE, BY REGION ($MILLION)
      FIGURE 25. U.S. WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 26. CANADA WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 27. MEXICO WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 28. FRANCE WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 29. GERMANY WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 30. ITALY WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 31. SPAIN WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 32. UK WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 33. REST OF EUROPE WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 34. CHINA WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 35. JAPAN WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 36. INDIA WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 37. SOUTH KOREA WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 38. AUSTRALIA WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 39. REST OF ASIA-PACIFIC WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 40. BRAZIL WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 41. SOUTH AFRICA WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 42. SAUDI ARABIA WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 43. REST OF LAMEA WAVE AND TIDAL ENERGY SYSTEM MARKET REVENUE, 2020–2030, ($MILLION)
      FIGURE 44. MARKET PLAYER POSITIONING, 2020
      FIGURE 45. TOP WINNING STRATEGIES, BY YEAR, 2018–2022
      FIGURE 46. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2022 (%)
      FIGURE 47. TOP WINNING STRATEGIES, BY COMPANY, 2018–2022
      FIGURE 48. PRODUCT MAPPING OF TOP 10 PLAYERS
      FIGURE 49. COMPETITIVEHEATMAP OF KEY PLAYERS
      FIGURE 50. CARNEGIE WAVE ENERGY LTD.: NET SALES, 2019–2021 ($MILLION)
      FIGURE 51. OCEAN POWER TECHNOLOGIES, INC.: REVENUE, 2019–2021 ($MILLION)
      FIGURE 52. SIMEC ATLANTIS ENERGY: REVENUE, 2018-2020 ($MILLION)
      FIGURE 53. SIMEC ATLANTIS ENERGY: REVENUE SHARE BY SEGMENT, 2020 (%)

     
     

    The global Wave and Tidal Energy market has registered a dynamic growth over the past few years, owing to drastic growth in power generation and water engineering projects. In addition, huge investment plans of government of every nation with respect to water infrastructure and water management development led to boost the Wave and Tidal Energy system market across the globe. Moreover, Wave and tidal energy are the sustainable methods of harnessing energy of oceans for power generation. Countries across the world tend to utilize these forms of renewable energy as these provide a constant and steady source of clean energy. Abundance of ocean surface and energy generation capacity in several nations has promoted governments to pursue ocean energy generation as an important source of their renewable energy in future. Wave and Tidal Energy system is environment friendly and a developing marine renewable energy sector. Furthermore, developing nations such as India, China & Japan plans to increase the water projects for dams and launched new projects with respect to power generation which led to increase the demand of Wave and Tidal Energy system which creates wide opportunities for the market.

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    A. Wave energy segment holds the maximum share of the global Wave and tidal energy market

    A. Europe will provide more business opportunities for global Wave and tidal energy in future

    A. Agreement, business expansion and product launch are the key growth strategy of global Wave and tidal energy market players.

    A. Power generation and desalination industries are the major customers of global Wave and tidal energy market.

    A. Aquagen Technologies, Carnegie Wave Energy Ltd., Corpower Ocean AB., Eco Wave Power, Ocean Power Technologies, Inc, Ocean Renewable Power Company, Pelamis Wave Power, SIMEC Atlantis Energy, Tenax Energy and Verdant Power, Inc. are the leading market players active in the Wave and tidal energy market.

    A. Rapid increase in industrialization and increase in urbanization and continuous development in water engineering are expected to drive the adoption of Wave and tidal energy.

    A. Technological evolution in water industry, rising dependency on electricity are the current trend expected to influence the global Wave and tidal energy market in the next few years.

    A. The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global Wave and tidal energy market from 2020 to 2030 to determine the prevailing opportunities.

    A. Expansion of hydro power generation, soaring demand of water desalination are the major driving factor for the market. In addition, rapid expansion of irrigation projects may create lucrative opportunities for the market.

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