Wave and Tidal Energy Market Size, Share, Analysis Report

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Wave and Tidal Energy Market Size by Technology (Oscillating Water Columns, Barrage), By Type (Tidal Power Plants, Wave Power plants), By End User (Commercial, Industrial, Residential), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2022-2027

The global Wave and Tidal Energy market is expected to grow upto US$ 10 Billion by 2027, at CAGR of about 45.05% during the forecast period.

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MARKET SNAPSHOT

Major Players

Seabased AB
Pelamis Wave Power Limited
Ocean Power Technologies
Minesto
Kepler Energy Limited

Study period:

Fastest Growing Market:

2022-2027

APAC

Base Year:

Largest Market:

2021

North America

CAGR:

45.05%

REPORT DESCRIPTION

The global Wave and Tidal Energy market is expected to grow upto US$ 10 Billion by 2027, at CAGR of about 45.05% during the forecast period.

Wave energy is demarcated as the energy of the ocean surface waves, that is taken for desalination, electricity generation, and the pumping of water into reservoirs. Wave and tidal energy are measured to be the most promising green technologies as they generate the most focused source of renewable energy. Oceans are an inexhaustible source of clean energy. Consequently, harnessing tidal and wave energy from the ocean surfaces is anticipated to be the most sustainable source of energy. Wave and tidal energy are the sustainable methods of harnessing energy of oceans for power generation. States across the world tend to utilize these forms of renewable energy as these deliver a constant and steady source of clean energy. Abundance of ocean surface and energy generation capacity in several nations has endorsed governments to pursue ocean energy generation as an important source of their renewable energy in future. The market is also supported by increasing funding from public and private sectors mainly for taking control over employment generation, energy security, economic positioning, and addressing changing climatic conditions.

The global Wave and Tidal Energy market is segregated on the basis of Technology as Oscillating Water Columns, Barrage, Others, Tidal Stream Generator, and Pendulor Device. Based on Type the global Wave and Tidal Energy market is segmented in Tidal Power Plants and Wave Power plants. Based on End User the global Wave and Tidal Energy market is segmented in Commercial, Industrial, and Residential.

The global Wave and Tidal Energy market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Wave and Tidal Energy market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Seabased AB, Pelamis Wave Power Limited, Ocean Power Technologies, Minesto, Kepler Energy Limited, BioPower Systems, Andritz Hydro Hammerfest, AWS Ocean Energy, AW-Energy, Atlantis Resources Corp, and others are among the major players in the global Wave and Tidal Energy market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

The Wave and Tidal Energy Market has been segmented as below:

Wave and Tidal Energy Market, By Technology

Oscillating Water Columns
Barrage
Others
Tidal Stream Generator
Pendulor Device

Wave and Tidal Energy Market, By Type

Tidal Power Plants
Wave Power plants

Wave and Tidal Energy Market, By End User

Commercial
Industrial
Residential

Wave and Tidal Energy Market, By Region

North America
Europe
Asia-Pacific
Rest of the World

Wave and Tidal Energy Market, By Company

Seabased AB
Pelamis Wave Power Limited
Ocean Power Technologies
Minesto
Kepler Energy Limited
BioPower Systems
Andritz Hydro Hammerfest
AWS Ocean Energy
AW-Energy
Atlantis Resources Corp

The report covers:

Global Wave and Tidal Energy market sizes from 2018 to 2027, along with CAGR for 2022-2027
Market size comparison for 2020 vs 2027 with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
Global Wave and Tidal Energy market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Wave and Tidal Energy market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players

Report Scope:

The global Wave and Tidal Energy market report scope includes detailed study covering underlying factors influencing the industry trends.

The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Wave and Tidal Energy market share. Major industry players with significant revenue share include Seabased AB, Pelamis Wave Power Limited, Ocean Power Technologies, Minesto, Kepler Energy Limited, BioPower Systems, Andritz Hydro Hammerfest, AWS Ocean Energy, AW-Energy, Atlantis Resources Corp, and others.

Reasons to Buy this Report:

Gain detailed insights on the Wave and Tidal Energy industry trends
Find complete analysis on the market status
Identify the Wave and Tidal Energy market opportunities and growth segments
Analyse competitive dynamics by evaluating business segments & product portfolios
Facilitate strategy planning and industry dynamics to enhance decision making

Some of the recent developments in Subsea Manifolds Market are as follows:

Seabased AB

09-2020: Wave energy is an amazing global resource. As noted by Ocean Energy Europe, wave energy has the potential to be the largest source of clean energy on the planet.
09-2020: COVID-19 dislodged the disagreement which change must happen slowly. When the world had to change overnight, it did. Now, as nations contemplate how to move forward, it seems clear the dismantling of “normal” presents an opportunity to chart a more resilient future-environmentally, socially, and economically.

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1. Introduction
   1.1 Key Insights
   1.2 Report Overview
   1.3 Markets Covered
   1.4 Stakeholders
2. Research Methodology
   2.1 Research Scope
   2.2 Market Research Process
   2.3 Research Data Analysis
       2.4.1 Secondary Research
       2.4.2 Primary Research
       2.4.3 Models for Estimation
   2.5 Market Size Estimation
       2.5.1 Bottom-Up Approach - Segmental Market Analysis
       2.5.2 Top-Down Approach - Parent Market Analysis
3. Executive Summary

4. Market Overview
   4.1 Introduction
       4.2.1 Drivers
       4.2.2 Restraints
       4.2.3 Opportunities
       4.2.4 Challenges
   4.2 Porter's Five Force Analysis

5. Wave and Tidal Energy Market, By Technology
   5.1 Introduction
   5.2 Oscillating Water Columns
       5.2.1 Market Overview
       5.2.2 Market Size and Forecast
   5.3 Barrage
       5.3.1 Market Overview
       5.3.2 Market Size and Forecast
   5.4 Others
       5.4.1 Market Overview
       5.4.2 Market Size and Forecast
   5.5 Tidal Stream Generator
       5.5.1 Market Overview
       5.5.2 Market Size and Forecast
   5.6 Pendulor Device
       5.6.1 Market Overview
       5.6.2 Market Size and Forecast

6. Wave and Tidal Energy Market, By Type
   6.1 Introduction
   6.2 Tidal Power Plants
       6.2.1 Market Overview
       6.2.2 Market Size and Forecast
   6.3 Wave Power plants
       6.3.1 Market Overview
       6.3.2 Market Size and Forecast

7. Wave and Tidal Energy Market, By End User
   7.1 Introduction
   7.2 Commercial
       7.2.1 Market Overview
       7.2.2 Market Size and Forecast
   7.3 Industrial
       7.3.1 Market Overview
       7.3.2 Market Size and Forecast
   7.4 Residential
       7.4.1 Market Overview
       7.4.2 Market Size and Forecast

8. Wave and Tidal Energy Market, By Geography
   8.1 Introduction
   8.2 North America
       8.2.1 North America Wave and Tidal Energy, By Technology
       8.2.2 North America Wave and Tidal Energy, By Type
       8.2.3 North America Wave and Tidal Energy, By End User
   8.3 Europe
       8.3.1 Europe Wave and Tidal Energy, By Technology
       8.3.2 Europe Wave and Tidal Energy, By Type
       8.3.3 Europe Wave and Tidal Energy, By End User
   8.4 Asia-Pacific
       8.4.1 Asia-Pacific Wave and Tidal Energy, By Technology
       8.4.2 Asia-Pacific Wave and Tidal Energy, By Type
       8.4.3 Asia-Pacific Wave and Tidal Energy, By End User
   8.5 Rest of the World
       8.5.1 Rest of the World Wave and Tidal Energy, By Technology
       8.5.2 Rest of the World Wave and Tidal Energy, By Type
       8.5.3 Rest of the World Wave and Tidal Energy, By End User

9. Competitive Insights
   9.1 Key Insights
   9.2 Company Market Share Analysis
   9.3 Strategic Outlook
       9.3.1 Mergers & Acquisitions
       9.3.2 New Product Development
       9.3.3 Portfolio/Production Capacity Expansions
       9.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
       9.3.5 Others
10. Company Profiles
   10.1 Seabased AB
       10.1.1 Company Overview
       10.1.2 Product/Service Landscape
       10.1.3 Financial Overview
       10.1.4 Recent Developments
   10.2 Pelamis Wave Power Limited
       10.2.1 Company Overview
       10.2.2 Product/Service Landscape
       10.2.3 Financial Overview
       10.2.4 Recent Developments
   10.3 Ocean Power Technologies
       10.3.1 Company Overview
       10.3.2 Product/Service Landscape
       10.3.3 Financial Overview
       10.3.4 Recent Developments
   10.4 Minesto
       10.4.1 Company Overview
       10.4.2 Product/Service Landscape
       10.4.3 Financial Overview
       10.4.4 Recent Developments
   10.5 Kepler Energy Limited
       10.5.1 Company Overview
       10.5.2 Product/Service Landscape
       10.5.3 Financial Overview
       10.5.4 Recent Developments
   10.6 BioPower Systems
       10.6.1 Company Overview
       10.6.2 Product/Service Landscape
       10.6.3 Financial Overview
       10.6.4 Recent Developments
   10.7 Andritz Hydro Hammerfest
       10.7.1 Company Overview
       10.7.2 Product/Service Landscape
       10.7.3 Financial Overview
       10.7.4 Recent Developments
   10.8 AWS Ocean Energy
       10.8.1 Company Overview
       10.8.2 Product/Service Landscape
       10.8.3 Financial Overview
       10.8.4 Recent Developments
   10.9 AW-Energy
       10.9.1 Company Overview
       10.9.2 Product/Service Landscape
       10.9.3 Financial Overview
       10.9.4 Recent Developments
   10.10 Atlantis Resources Corp
       10.10.1 Company Overview
       10.10.2 Product/Service Landscape
       10.10.3 Financial Overview
       10.10.4 Recent Developments
   10.11 Tidal Power Limited
       10.11.1 Company Overview
       10.11.2 Product/Service Landscape
       10.11.3 Financial Overview
       10.11.4 Recent Developments
   10.12 Trident Energy
       10.12.1 Company Overview
       10.12.2 Product/Service Landscape
       10.12.3 Financial Overview
       10.12.4 Recent Developments
   10.13 Tidal Energy Limited
       10.13.1 Company Overview
       10.13.2 Product/Service Landscape
       10.13.3 Financial Overview
       10.13.4 Recent Developments
   10.14 Wave Dragon
       10.14.1 Company Overview
       10.14.2 Product/Service Landscape
       10.14.3 Financial Overview
       10.14.4 Recent Developments
   10.15 Wave Star Energy A/S
       10.15.1 Company Overview
       10.15.2 Product/Service Landscape
       10.15.3 Financial Overview
       10.15.4 Recent Developments
   10.16 Wello Oy
       10.16.1 Company Overview
       10.16.2 Product/Service Landscape
       10.16.3 Financial Overview
       10.16.4 Recent Developments
   10.17 Ocean Renewable Power Company
       10.17.1 Company Overview
       10.17.2 Product/Service Landscape
       10.17.3 Financial Overview
       10.17.4 Recent Developments
   10.18 Carnegie Clean Energy Limited
       10.18.1 Company Overview
       10.18.2 Product/Service Landscape
       10.18.3 Financial Overview
       10.18.4 Recent Developments
   10.19 CorPower Ocean AB
       10.19.1 Company Overview
       10.19.2 Product/Service Landscape
       10.19.3 Financial Overview
       10.19.4 Recent Developments
   10.20 Nautricity Limited
       10.20.1 Company Overview
       10.20.2 Product/Service Landscape
       10.20.3 Financial Overview
       10.20.4 Recent Developments
   10.21 Openhydro
       10.21.1 Company Overview
       10.21.2 Product/Service Landscape
       10.21.3 Financial Overview
       10.21.4 Recent Developments
   10.22 Seatricity Limited
       10.22.1 Company Overview
       10.22.2 Product/Service Landscape
       10.22.3 Financial Overview
       10.22.4 Recent Developments
   10.23 ScottishPower Renewables Limited
       10.23.1 Company Overview
       10.23.2 Product/Service Landscape
       10.23.3 Financial Overview
       10.23.4 Recent Developments
   10.24 Tocardo International BV
       10.24.1 Company Overview
       10.24.2 Product/Service Landscape
       10.24.3 Financial Overview
       10.24.4 Recent Developments
   10.25 Voith Hydro
       10.25.1 Company Overview
       10.25.2 Product/Service Landscape
       10.25.3 Financial Overview
       10.25.4 Recent Developments

The Wave and Tidal Energy Market has been segmented as below:

Wave and Tidal Energy Market, By Technology

Oscillating Water Columns
Barrage
Others
Tidal Stream Generator
Pendulor Device

Wave and Tidal Energy Market, By Type

Tidal Power Plants
Wave Power plants

Wave and Tidal Energy Market, By End User

Commercial
Industrial
Residential

Wave and Tidal Energy Market, By Region

North America
Europe
Asia-Pacific
Rest of the World

Wave and Tidal Energy Market, By Company

Seabased AB
Pelamis Wave Power Limited
Ocean Power Technologies
Minesto
Kepler Energy Limited
BioPower Systems
Andritz Hydro Hammerfest
AWS Ocean Energy
AW-Energy
Atlantis Resources Corp

Report Id: EMWTEM1220

Got a question? We've got answers. If you have some other questions, see our support center.

What is the predicted growth rate of Wave and Tidal Energy Market?

The market is expected to grow at a CAGR of 45.05% during the study period 2022-2027)

How big is the Wave and Tidal Energy Market value?

The global Wave and Tidal Energy Market Expected to Exceed more than US$ 10 Billion by 2027

What is the segment’s covered for the Wave and Tidal Energy Market?

The segment included in the Wave and Tidal Energy Market is Technology, Type, End User and Region.

Who are the major key vendors in the Wave and Tidal Energy Market?

Some key players operating in the Wave and Tidal Energy Market include Seabased AB, Pelamis Wave Power Limited, Ocean Power Technologies, Minesto, Kepler Energy Limited

What are the different forms of the report available?

We can offer several formats of the market research reports including, • PDF • PPT • Spreadsheet/ Workbook

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