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Wave and Tidal Energy Market by Type (Tidal Energy, Wave Energy) by Technology (Tidal Steam Generator, Pendulor Device, Oscillating Water Columns, Barrage, Others), and by End-User (Residential, Commercial, Industrial): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Published Date: 01-Oct-2018 Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-2683 Status : Published

Global wave and tidal energy market expected to generate revenue of around USD 2,975.48 million by the end of 2024, growing at a CAGR of around 40.08% between 2018 and 2024. Wave and tidal energy are recognized as the potential green technologies as they produce a precise source of renewable energy.

Description

The report covers forecast and analysis for the wave and tidal energy market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the wave and tidal energy market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the wave and tidal energy market on a global level.

In order to give the users of this report a comprehensive view of the wave and tidal energy market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein type segment, technology segment, and end-user segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Wave and Tidal Energy Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, type portfolio of various companies according to the region.

The study provides a decisive view of the wave and tidal energy market by segmenting the market based on type, technology, end-user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This segmentation includes demand for wave and tidal energy market based on all segments in all the regions and countries.

The report also includes detailed profiles of end players such as Marine Current Turbines, Pelamis Wave Power, Carnegie Wave Energy, Aquamarine Power, Aquagen Technologies, Ocean Power Technologies, Ocean Renewable Power Company, S.D.E. Energy, Tenax Energy, and Atlantis Resources. 
   
This report segments the global wave and tidal energy market as follows:

Global Wave and Tidal Energy Market: Type Segment Analysis

  • Wave Energy
  • Tidal Energy  

Global Wave and Tidal Energy Market: Technology Segment Analysis

  • Tidal Steam Generator
  • Pendulor Device
  • Oscillating Water Columns
  • Barrage
  • Others  

Global Wave and Tidal Energy Market: End-User Segment Analysis

  • Residential
  • Commercial
  • Industrial  

Global Wave and Tidal Energy Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global wave and tidal energy market, 2015 - 2024 (USD Million)
    • 2.2. Global wave and tidal energy market: snapshot
  •  
  • Chapter 3. Wave and Tidal Energy Market- Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global wave and tidal energy market drivers: impact analysis
      • 3.2.2. Increased investments in renewable energy sector
      • 3.2.3. Supportive measures by government bodies to promote the use of marine energy
    • 3.3. Market Restraints
      • 3.3.1. Global wave and tidal energy market restraints: impact analysis
      • 3.3.2. Limiting growth of electricity demand in OECD countries
    • 3.4. Opportunities
      • 3.4.1. Growing need for limiting dependency on fossil fuel
    • 3.5. Porter's five forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by type segment
      • 3.6.2. Market attractiveness analysis, by technology segment
      • 3.6.3. Market attractiveness analysis, by end user segment
      • 3.6.4. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Wave and Tidal Energy Market- Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global wave and tidal energy market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New product launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global Wave and Tidal Energy Market- Type Segment Analysis
    • 5.1. Global wave and tidal energy market: type overview
      • 5.1.1. Global wave and tidal energy market revenue share, by type, 2017 and 2024
    • 5.2. Wave Energy
      • 5.2.1. Global wave and tidal energy market for wave energy market, 2015 - 2024 (USD Million)
    • 5.3. Tidal Energy
      • 5.3.1. Global wave and tidal energy market for tidal energy market, 2015 - 2024 (USD Million)
  •  
  • Chapter 6. Global Wave and Tidal Energy Market- Technology Segment Analysis
    • 6.1. Global wave and tidal energy market: technology overview
      • 6.1.1. Global wave and tidal energy market revenue share, by technology, 2017 and 2024
    • 6.2. Tidal Steam Generator
      • 6.2.1. Global wave and tidal energy market for tidal steam generator market, 2015 - 2024 (USD Million)
    • 6.3. Pendulor Device
      • 6.3.1. Global wave and tidal energy market for pendulor device market, 2015 - 2024 (USD Million)
    • 6.4. Oscillating Water Columns
      • 6.4.1. Global wave and tidal energy market for oscillating water columns market, 2015 - 2024 (USD Million)
    • 6.5. Barrage
      • 6.5.1. Global wave and tidal energy market for barrage market, 2015 - 2024 (USD Million)
    • 6.6. Others
      • 6.6.1. Global wave and tidal energy market for others market, 2015 - 2024 (USD Million)
  •  
  • Chapter 7. Global Wave and Tidal Energy Market- End-User Segment Analysis
    • 7.1. Global wave and tidal energy market: an end-user overview
      • 7.1.1. Global wave and tidal energy market revenue share, by end user, 2017 and 2024
    • 7.2. Residential
      • 7.2.1. Global wave and tidal energy market for residential, 2015 - 2024 (USD Million)
    • 7.3. Commercial
      • 7.3.1. Global wave and tidal energy market for commercial, 2015 - 2024 (USD Million)
    • 7.4. Industrial
      • 7.4.1. Global wave and tidal energy market for industrial, 2015 - 2024 (USD Million)
  •  
  • Chapter 8. Global Wave and Tidal Energy Market- Regional Segment Analysis
    • 8.1. Global wave and tidal energy market: regional overview
      • 8.1.1. Global wave and tidal energy market revenue share, by region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. North America wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
      • 8.2.2. North America wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
      • 8.2.3. North America wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.2.4. U.S.
        • 8.2.4.1. U.S. wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.2.4.2. U.S. wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.2.4.3. U.S. wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.2.5. Canada
        • 8.2.5.1. Canada wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.2.5.2. Canada wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.2.5.3. Canada wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.2.6. Mexico
        • 8.2.6.1. Mexico wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.2.6.2. Mexico wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.2.6.3. Mexico wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
      • 8.3.2. Europe wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
      • 8.3.3. Europe wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.3.4. UK
        • 8.3.4.1. UK wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.3.4.2. UK wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.3.4.3. UK wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.3.5. Germany
        • 8.3.5.1. Germany wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.3.5.2. Germany wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.3.5.3. Germany wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.3.6. France
        • 8.3.6.1. France wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.3.6.2. France wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.3.6.3. France wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.3.7. Spain
        • 8.3.7.1. Spain wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.3.7.2. Spain wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.3.7.3. Spain wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.3.8. Russia
        • 8.3.8.1. Russia wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.3.8.2. Russia wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.3.8.3. Russia wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
      • 8.4.2. Asia Pacific wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
      • 8.4.3. Asia Pacific wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.4.4. China
        • 8.4.4.1. China wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.4.4.2. China wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.4.4.3. China wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.4.5. Japan
        • 8.4.5.1. Japan wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.4.5.2. Japan wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.4.5.3. Japan wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.4.6. India
        • 8.4.6.1. India wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.4.6.2. India wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.4.6.3. India wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.4.7. Southeast Asia
        • 8.4.7.1. Southeast Asia wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.4.7.2. Southeast Asia wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.4.7.3. Southeast Asia wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.4.8. Australia
        • 8.4.8.1. Australia wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.4.8.2. Australia wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.4.8.3. Australia wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.4.9. South Korea
        • 8.4.9.1. South Korea wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.4.9.2. South Korea wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.4.9.3. South Korea wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
      • 8.5.2. Latin America wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
      • 8.5.3. Latin America wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.5.4.2. Brazil wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.5.4.3. Brazil wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.5.5. Argentina
        • 8.5.5.1. Argentina wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.5.5.2. Argentina wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.5.5.3. Argentina wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and Africa wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
      • 8.6.2. Middle East and Africa wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
      • 8.6.3. Middle East and Africa wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.6.4. GCC Countries
        • 8.6.4.1. GCC Countries wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.6.4.2. GCC Countries wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.6.4.3. GCC Countries wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
      • 8.6.5. South Africa
        • 8.6.5.1. South Africa wave and tidal energy market revenue, by type, 2015 - 2024 (USD Million)
        • 8.6.5.2. South Africa wave and tidal energy market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.6.5.3. South Africa wave and tidal energy market revenue, by end user, 2015 - 2024 (USD Million)
  • Chapter 9. Company Profile
    • 9.1. Marine Current Turbines
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Pelamis Wave Power
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Carnegie Wave Energy
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Aquagen Technologies
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Ocean Power Technologies
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Ocean Renewable Power Company
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. S.D.E. Energy
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Tenax Energy
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Atlantis Resources
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments

Methodology

Free Analysis

Wave and tidal energy harvesting have been around for past decades. It has become more realistic in the recent years due to the advancement in research and technology. Wave, tidal, and ocean energy technologies would be proactively used as potential commercial power sources in the coming years. This technology can be deployed using smaller units. In comparison with other forms of power generation, wave and tidal energy hold less share. Wave power refers to the energy of the ocean surface waves, which is used for desalination, electricity generation, and pumping of water into reservoirs. Wave power is different from tidal power. Wave and tidal energy are able to supply at least 10% of the global consumption of energy. Most of the wave energy plants in operation today are the prototypes or pilot projects. Wave power yield potentially more energy as compared to tidal power, as it can be implemented in more locations. 

The improvement of wave and tidal energy in the Celtic Seas is majorly driven by the prevalence of strong marine in the Atlantic and high tidal range in the bays and channels. It is more reliable and attractive as compared to wind energy. The wave and tidal energy sector are in the pre-development stage. The International Renewable Energy Agency (IRENA) is an inter-governmental organization which helps countries in their evolution of sustainable energy and serves as the major platform for international co-operation. IRENA also promote wide acceptance and sustainable use of all forms of renewable energy, such as geothermal, bioenergy, ocean, solar hydropower, and wind energy. Such initiatives are expected to drive the global wave and tidal energy market growth over the forecast period. 

Global Wave and Tidal Energy Market

Based on the type, the market is segmented into wave energy and tidal energy. On the basis of technology, the market is segmented into the pendulor device, tidal steam generator, barrage, oscillating water columns, and others. Based on end-users the market is segmented into industrial, residential, and commercial. 

The Asia Pacific held a substantial revenue share in the global wave and tidal energy market in 2017 and the region is likely to grow at a significant growth rate over the forecast timeframe. Rising public funding programs, government policies, environmental regulations, and action plans to enhance research activities pertaining technologies of marine renewable energy in the Asia Pacific region are the factors anticipated to drive the wave and tidal energy market in the region over the forecast period. 

Some of the key players operating in wave and tidal energy market include Marine Current Turbines, Pelamis Wave Power, Carnegie Wave Energy, Aquamarine Power, Aquagen Technologies, Ocean Power Technologies, Ocean Renewable Power Company, S.D.E. Energy, Tenax Energy, and Atlantis Resources. Industry players are mostly focusing on developing innovative technology through research and development to gain revenue share. 

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