Global Tidal Turbines Market 2024-2028
The tidal turbines market is forecasted to grow by USD 34 mn during 2023-2028, accelerating at a CAGR of 4.45% during the forecast period. The report on the tidal turbines market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for renewable energy sources, increasing government funding for tidal energy projects, and security and stability offered by tidal energy.
Technavio's tidal turbines market is segmented as below:
- By Type
- Floating tidal turbines
- By Capacity
- Large scale
- Medium scale
- Small scale
- By Geographical Landscape
- Europe
- APAC
- North America
- Middle East and Africa
- South America
This study identifies the technological advancements in tidal turbines as one of the prime reasons driving the tidal turbines market growth during the next few years. Also, integration of hybrid renewable energy systems and growing partnerships among market vendors will lead to sizable demand in the market.
The report on the tidal turbines market covers the following areas:
- Tidal turbines market sizing
- Tidal turbines market forecast
- Tidal turbines market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading tidal turbines market vendors that include Andritz AG, Aquantis Inc, Guinard Energies Nouvelles, Hyundai Heavy Industries Group, Instream Energy Systems Corp., Jupiter Hydro Inc, Lockheed Martin Corp., MAKO Tidal Turbines Pty Ltd., Oceana Energy Co., OpenHydro Group Ltd, Orbital Marine Power Ltd, SABELLA SA, SAS HYDROQUEST, Simec Atlantis Energy Ltd., TOCARDO BV, and TPGen24. Also, the tidal turbines market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.