Global Wave And Tidal Energy Market 2024-2028
The wave and tidal energy market is forecasted to grow by USD 1398.86 mn during 2023-2028, accelerating at a CAGR of 29.47% during the forecast period. The report on the wave and tidal energy 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 rise in global energy demand, rising government support for adoption of renewable energy, and increase in investments in clean energy technologies.
Technavio's wave and tidal energy market is segmented as below:
By Application
- Power generation
- Desalination
By Type
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the rising popularity of clean energy technologies as one of the prime reasons driving the wave and tidal energy market growth during the next few years. Also, advancements in energy conversion technologies and growing focus on hybrid and multi-renewable energy systems will lead to sizable demand in the market.
The report on the wave and tidal energy market covers the following areas:
- Wave and tidal energy market sizing
- Wave and tidal energy market forecast
- Wave and tidal energy 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 wave and tidal energy market vendors that include Andritz AG, Aquagen Technologies Inc., BioPower Systems Pty Ltd., Blue Energy Canada Inc., Carnegie Clean Energy Ltd., CorPower Ocean, Eco Wave Power Global AB, Mocean Energy Ltd., Nova Innovation Ltd., Ocean Power Technologies Inc., Ocean Renewable Power Co. Inc., Orbital Marine Power, Simec Atlantis Energy Ltd., SINN Power GmbH, SSE Plc, Storage and Display Equipment Ltd., Tenax Energy Solutions, TOCARDO B.V., Verdant Power Inc., and Wello Oy. Also, the wave and tidal energy 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 research - both primary and secondary. 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 the accurate market growth.