Wave and Tidal Energy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Wave and Tidal Energy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)


The global wave and tidal energy market is experiencing remarkable growth, driven by its exceptional production capacity compared to other renewable energy sources. Research indicates that wave and tidal energy have the capability to produce energy nearly 90% of the time, making them a reliable and viable source of clean energy. In a new study by Fairfield Market Research, it is projected that the constancy, predictability, and dependability of tides will continue to uphold the market's growth, especially in the wake of explosive demand for electricity worldwide.

Technical Complexities and Expensive Installation Pose Growth Challenges

While increasing implementation of wave converters in various nations is expected to favor market expansion, there are certain challenges hindering the growth of wave and tidal energy market. Tidal energy, the fastest-growing segment, benefits from mounting research and development investments. However, the installation costs remain a major deterrent. The need for specific geomorphological conditions for energy generation, particularly an extremely high tidal difference, makes it a complex means of energy generation. Additionally, several technical complexities associated with the development and use of wave and tidal energy pose longstanding impediments facing the market.

Europe Leads Global Wave and Tidal Energy Market

Europe continues to be at the forefront of the global wave and tidal energy market. The region boasts a significant number of enterprises actively engaged in the research and development of wave energy converters. Countries like the UK, Germany, Spain, and the Nordic Countries are particularly important markets in the region. With high electricity consumption and significant purchasing power, Europe is witnessing a surge in demand for renewable power generation technologies. The presence of the European Marine Energy Center (EMEC) and supportive governmental entities further contributes to the market's growth.

Key Players Driving the Wave and Tidal Energy Market

Prominent players in the global wave and tidal energy market include Aquagen Technologies, Corpower Ocean AB, Eco Wave Power, Ocean Renewable Power Company, Pelamis Wave Power, Verdant Power, Inc., Ocean Power Technologies, Inc., Carnegie Wave Energy Ltd., SIMEC Atlantis Energy, and Tenax Energy.

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1. Executive Summary
1.1. Global Wave and Tidal Energy Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Pre-covid and Post-covid Scenario
2.5.2. Supply Impact
2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE
3. Production Output (MW), 2018 - 2022
3.1. Regional Production Statistics
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Rest of the World
4. Price Trends Analysis and Future Projects, 2018 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
5. Global Wave and Tidal Energy Market Outlook, 2018 - 2030
5.1. Global Wave and Tidal Energy Market Outlook, by Technology, Volume (MW) and Value (US$ Mn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Wave Energy
5.1.1.1.1. Oscillating Water Columns
5.1.1.1.2. Oscillating Body Converter
5.1.1.1.3. Overtopping Converters
5.1.1.2. Tidal Energy
5.1.1.2.1. Tidal Turbine
5.1.1.2.2. Tidal Barrages
5.1.1.2.3. Tidal Lagoons
5.2. Global Wave and Tidal Energy Market Outlook, by End-user, Volume (MW) and Value (US$ Mn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Power Generation
5.2.1.2. Desalination
5.2.1.3. Misc.
5.3. Global Wave and Tidal Energy Market Outlook, by Region, Volume (MW) and Value (US$ Mn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Rest of the World
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. North America Wave and Tidal Energy Market Outlook, 2018 - 2030
6.1. North America Wave and Tidal Energy Market Outlook, by Technology, Volume (MW) and Value (US$ Mn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Wave Energy
6.1.1.1.1. Oscillating Water Columns
6.1.1.1.2. Oscillating Body Converter
6.1.1.1.3. Overtopping Converters
6.1.1.2. Tidal Energy
6.1.1.2.1. Tidal Turbine
6.1.1.2.2. Tidal Barrages
6.1.1.2.3. Tidal Lagoons
6.2. North America Wave and Tidal Energy Market Outlook, by End-user, Volume (MW) and Value (US$ Mn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Power Generation
6.2.1.2. Desalination
6.2.1.3. Misc.
6.3. North America Wave and Tidal Energy Market Outlook, by Country, Volume (MW) and Value (US$ Mn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. U.S.
6.3.1.2. Canada
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Europe Wave and Tidal Energy Market Outlook, 2018 - 2030
7.1. Europe Wave and Tidal Energy Market Outlook, by Technology, Volume (MW) and Value (US$ Mn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Wave Energy
7.1.1.1.1. Oscillating Water Columns
7.1.1.1.2. Oscillating Body Converter
7.1.1.1.3. Overtopping Converters
7.1.1.2. Tidal Energy
7.1.1.2.1. Tidal Turbine
7.1.1.2.2. Tidal Barrages
7.1.1.2.3. Tidal Lagoons
7.2. Europe Wave and Tidal Energy Market Outlook, by End-user, Volume (MW) and Value (US$ Mn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Power Generation
7.2.1.2. Desalination
7.2.1.3. Misc.
7.3. Europe Wave and Tidal Energy Market Outlook, by Country, Volume (MW) and Value (US$ Mn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. France
7.3.1.2. U.K.
7.3.1.3. Sweden
7.3.1.4. Portugal
7.3.1.5. Russia
7.3.1.6. Rest of Europe
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific Wave and Tidal Energy Market Outlook, 2018 - 2030
8.1. Asia Pacific Wave and Tidal Energy Market Outlook, by Technology, Volume (MW) and Value (US$ Mn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Wave Energy
8.1.1.1.1. Oscillating Water Columns
8.1.1.1.2. Oscillating Body Converter
8.1.1.1.3. Overtopping Converters
8.1.1.2. Tidal Energy
8.1.1.2.1. Tidal Turbine
8.1.1.2.2. Tidal Barrages
8.1.1.2.3. Tidal Lagoons
8.2. Asia Pacific Wave and Tidal Energy Market Outlook, by End-user, Volume (MW) and Value (US$ Mn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Power Generation
8.2.1.2. Desalination
8.2.1.3. Misc.
8.3. Asia Pacific Wave and Tidal Energy Market Outlook, by Country, Volume (MW) and Value (US$ Mn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. China
8.3.1.2. South Korea
8.3.1.3. India
8.3.1.4. Rest of Asia Pacific
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Rest of the World Wave and Tidal Energy Market Outlook, 2018 - 2030
9.1. Rest of the World Wave and Tidal Energy Market Outlook, by Technology, Volume (MW) and Value (US$ Mn), 2018 - 2030
9.1.1. Key Highlights
9.1.1.1. Wave Energy
9.1.1.1.1. Oscillating Water Columns
9.1.1.1.2. Oscillating Body Converter
9.1.1.1.3. Overtopping Converters
9.1.1.2. Tidal Energy
9.1.1.2.1. Tidal Turbine
9.1.1.2.2. Tidal Barrages
9.1.1.2.3. Tidal Lagoons
9.2. Rest of the World Wave and Tidal Energy Market Outlook, by End-user, Volume (MW) and Value (US$ Mn), 2018 - 2030
9.2.1. Key Highlights
9.2.1.1. Power Generation
9.2.1.2. Desalination
9.2.1.3. Misc.
10. Competitive Landscape
10.1. Company Market Share Analysis, 2022
10.2. Competitive Dashboard
10.3. Company Profiles
10.3.1. Eco Wave Power Global
10.3.1.1. Company Overview
10.3.1.2. Product Portfolio
10.3.1.3. Financial Overview
10.3.1.4. Business Strategies and Development
10.3.2. CorPower Ocean AB
10.3.3. Wave Energy Scotland (WES)
10.3.4. Ocean Power Technologies
10.3.5. Carnegie Clean Energy
10.3.6. Ocean Renewable Power Company LLC
10.3.7. Wello Oy
10.3.8. SIMEC Atlantis Energy
10.3.9. SINN Power GmbH
10.3.10. OceanEnergy
10.3.11. Tocardo B.V.
10.3.12. Tidal Lagoon Plc
11. Appendix
11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations

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