Global Wave and Tidal Energy Market Research Report: Forecast (2024-2030)

By Type (Wave Energy, Tidal Energy), By Application (Power Generation, Desalination), By Technology (Tidal Stream Generator, Oscillating Water Columns, Tidal Turbines, Tidal Barrages, Tidal Fences), B... ... es, Tidal Fences), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific), By Company (Aquagen Technologies, Pelamis Wave Power Ltd, Carnegie Wave Energy Ltd., Tenax Energy, SIMEC Atlantis Energy Ltd, Corpower Ocean AB, Mocean Energy, SSE, Ocean Energy, Eco Wave Power, Verdant Power Inc., SINN Power, Orbital Marine Power, Ricardo, Tacardo BV, and others) Read more

  • Energy
  • Nov 2023
  • 233
  • PDF, Excel, PPT

Market Insights & Analysis: Global Wave and Tidal Energy Market (2024-30):

The Global Wave and Tidal Energy Market size is valued at around USD 483 million in 2023 and is estimated to grow at a CAGR of around 29.01% during the forecast period, i.e., 2024-30. The heightened global awareness of climate change and the imperative to curb greenhouse gas emissions are pivotal drivers behind the surge in interest and investment in wave and tidal energy.

Wave and tidal energy are forms of renewable energy derived from the natural movements of the ocean, primarily from the kinetic and potential energy generated by the tides and waves. In the face of the climate crisis, these renewable energy sources are gaining prominence as environmentally responsible alternatives. These energy systems are often referred to as green and clean energy sources because they have a minimal to virtually zero carbon footprint. Unlike fossil fuels, which release significant amounts of carbon dioxide and other pollutants, these energies harness the power of natural, renewable forces without emitting harmful greenhouse gases.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 29.01%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: GCC, South Africa, Rest of the Middle East & Africa
Key Companies Profiled Aquagen Technologies, Pelamis Wave Power Ltd, Carnegie Wave Energy Ltd., Tenax Energy, SIMEC Atlantis Energy Ltd, Corpower Ocean AB, Mocean Energy, SSE, Ocean Energy, Eco Wave Power, Verdant Power Inc., SINN Power, Orbital Marine Power, Ricardo, Tacardo BV, and others
Market Value (2023) USD 483 Million

 

This eco-friendly aspect of wave and tidal energy makes them highly appealing in the broader context of mitigating climate change. As various nations like the US, South Korea, Scotland, and others and public & private organizations seek to transition towards sustainable energy solutions, wave and tidal energy play a crucial role in reducing the overall carbon emissions associated with power generation, contributing to a cleaner and more sustainable energy future. The establishment of ambitious renewable energy targets by numerous countries and regions has become a driving force in the growth of the market. For instance:

  • In 2023, the European Union government plans to increase its wave and tidal capacity from 13MW in 2020 to 1GW by 2030 and to 40GW by 2050.

To meet these targets, governments often offer a range of incentives and support mechanisms, including financial incentives, research grants, and favorable regulatory frameworks, specifically tailored to facilitate the development of wave and tidal energy projects. This proactive governmental involvement encourages private sector investments and aligns with global efforts to combat climate change by expanding the renewable energy portfolio. As a result, wave and tidal energy projects stand to benefit from these policies, playing a critical role in achieving these ambitious renewable energy targets while fostering a transition to more sustainable and eco-friendly energy sources, thus enhancing the Wave and Tidal Energy Market size in the ensuing years.

Global Wave and Tidal Energy Market Research Report (2024-2030) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Wave and Tidal Energy Market Trends & Insights
  5. Global Wave and Tidal Energy Market Dynamics
    1. Drivers
    2. Challenges
  6. Global Wave and Tidal Energy Market Hotspot & Opportunities
  7. Global Wave and Tidal Energy Market Policies, Regulations, Product Standards
  8. Global Wave and Tidal Energy Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
        1. Wave Energy- Market Size & Forecast 2018-2028F, USD Million
        2. Tidal Energy- Market Size & Forecast 2018-2028F, USD Million
      2. By Application
        1. Power Generation- Market Size & Forecast 2018-2028F, USD Million
        2. Desalination- Market Size & Forecast 2018-2028F, USD Million
      3. By Technology
        1. Tidal Stream Generator- Market Size & Forecast 2018-2028F, USD Million
        2. Oscillating Water Columns- Market Size & Forecast 2018-2028F, USD Million
        3. Tidal Turbines- Market Size & Forecast 2018-2028F, USD Million
        4. Tidal Barrages- Market Size & Forecast 2018-2028F, USD Million
        5. Tidal Fences- Market Size & Forecast 2018-2028F, USD Million
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      5. By Competition
        1. Market Share of Top Companies
        2. Competition Characteristics
  9. North America Wave and Tidal Energy Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
      3. By Technology- Market Size & Forecast 2018-2028F, USD Million
      4. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
    4. Canada Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
    5. Mexico Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
  10. South America Wave and Tidal Energy Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
      3. By Technology- Market Size & Forecast 2018-2028F, USD Million
      4. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
    4. Argentina Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
  11. Europe Wave and Tidal Energy Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
      3. By Technology- Market Size & Forecast 2018-2028F, USD Million
      4. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
    4. The UK Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
    5. France Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
    6. Italy Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
    7. Spain Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
  12. Middle East & Africa Wave and Tidal Energy Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
      3. By Technology- Market Size & Forecast 2018-2028F, USD Million
      4. By Country
        1. GCC
        2. South Africa
        3. Rest of Middle East & Africa
    3. GCC Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
    4. The UAE Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
    5. South Africa Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
  13. Asia-Pacific Wave and Tidal Energy Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
      3. By Technology- Market Size & Forecast 2018-2028F, USD Million
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Southeast Asia
        7. Rest of Asia-Pacific
    3. China Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
    4. India Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
    5. Japan Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
    6. South Korea Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
    7. Australia Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
    8. Southeast Asia Wave and Tidal Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028F, USD Million
        2. By Application- Market Size & Forecast 2018-2028F, USD Million
  14. Global Wave and Tidal Energy Market Key Strategic Imperatives for Success & Growth
  15. Competition Outlook
    1. Company Profiles
      1. Aquagen Technologies
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Pelamis Wave Power Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Carnegie Wave Energy Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Tenax Energy
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. SIMEC Atlantis Energy Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Corpower Ocean AB
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Mocean Energy
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. SSE
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. OceanEnergy
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Eco Wave Power
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11.  Verdant Power Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. SINN Power
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Orbital Marine Power
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Ricardo
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Tacardo BV
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
  16. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

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