Wave and Tidal Energy Market Outlook, Dynamics And Future Growth Report 2025

Wave and Tidal Energy Market Size, Industry
Share, Total Revenue Growth Rate by Key
Players 2025
“Increase in funds and new rules by local governments helps the skill
inventors for fast commercialization of their energy converters. On the other
hand, the factors such as environmental and socio-economic barriers and
high cost are expected to hamper the growth of the market over the
forthcoming period.”
Global Wave and Tidal Energy Market is expected to reach USD 3.9 billion by 2025 as the scope, product types
and its applications are increasing across the globe. Wave energy implies to the energy of the ocean surface
waves, which is captured for desalination, the pumping of water into reservoirs and electricity generation. It is
considered to be the most promising green technologies, and Wave and Tidal Energy generate the most
intense source of renewable energy. Oceans are an endless source of clean energy. Wave and tidal energy
market is expected to grow at a CAGR of 42.5% in the upcoming period.
As such, connecting tidal and wave energy from the ocean surfaces is the most supportive source of energy.
Economies across the globe are inclined toward usage of these forms of renewable energy as these offer a
continuous and stable source of clean energy. Abundance of ocean surface and energy generation volume in
numerous countries has helped governments to follow ocean energy generation as a significant source of
renewable energy in years to come.
Moreover, the wave and tidal energy is witnessing maximum demand due to rise in development of the
initiatives across countries, which results in reduction of price with respect to electricity. Furthermore,
increase in funds and new rules by local governments helps the skill inventors for fast commercialization of
their energy converters. On the other hand, the factors such as environmental and socio-economic barriers
and high cost are expected to hamper the growth of the market over the forthcoming period.
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Wave and Tidal Energy Market may be explored by type, technology, end users, and geography. Wave and
Tidal Energy may be explored by type as Wave Power plants, and Tidal Power Plants. The “Tidal Power Plants”
of Wave and Tidal Energy is the dominant type of the market in 2016, The conversion of kinetic energy into
electricity is mainly done with the help of “Tidal Stream”. As compared to Wave Power plants, the Tidal Power
Plants may have higher R&D investments.
Wave and Tidal Energy may be explored by Technology as Pendulor Device, Tidal Stream Generator, Barrage,
Oscillating Water Columns, and Others (Lagoon and Turbine). Wave and Tidal Energy may be explored by end
users as Residential, Industrial, and Commercial. Asia-Pacific has been at the forefront with regards to wave
and tidal energy industry and will continue to rule the roost in the years to come. The Asia Pacific accounted
for the major share of 39% of the global volume in 2016. The region is estimated to continue to be the
foremost user over the forthcoming period due to increase in the environmental rules, public funding
programs, competition, and government policies are expected to facilitate the growth of market in this region.
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Asia-Pacific is looked upon as the most attractive and major market for Wave and Tidal Energy all over the
world. Significant development of the accessibility of incomes, awareness amongst the population, economy,
and growth in open test places are estimated to drive the market throughout the upcoming period. Asia-
Pacific is followed by the North America.
Some of the key players that fuel the growth of the wave and tidal energy market include S.D.E. Energy Ltd.
(WERPO Wave Energy), Carnegie Wave Energy Ltd., Tenax Energy, Ocean Power Technologies, Inc., Atlantis
Resources Ltd., AquaGen Technologies, Pelamis Wave Power Ltd., Ocean Renewable Power Company LLC,
Aquamarine Power Ltd, and Marine Current Turbines Ltd. The key players are focusing on inorganic growth to
sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need
of the hour.
Market Segment:
Wave and Tidal Energy Type Outlook (Installed Capacity, Megawatt; Revenue, USD Million, 2014 - 2025)
• Wave
• Tidal
Wave and Tidal Energy Regional Outlook (Installed Capacity, Megawatt; Revenue, USD Million, 2014 - 2025)
• North America
• Canada
• Europe

• U.K.
• France
• Asia Pacific
• China
• South Korea
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