Global Tidal Energy Market Growth 2023-2029

Global Tidal Energy Market Growth 2023-2029

Tidal energy is a form of hydropower generation, which converts the energy from tides into electricity. A typical tidal power plant is run by an underwater turbine that rotates and converts mechanical power to electrical power. The electrical power thus produced is sent to the shore with the help of a generator. The commercial deployment of tidal power projects is in its nascent stage, although it has the potential for future power generation.

LPI (LP Information)' newest research report, the “Tidal Energy Industry Forecast” looks at past sales and reviews total world Tidal Energy sales in 2022, providing a comprehensive analysis by region and market sector of projected Tidal Energy sales for 2023 through 2029. With Tidal Energy sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tidal Energy industry.

This Insight Report provides a comprehensive analysis of the global Tidal Energy landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tidal Energy portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Tidal Energy market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tidal Energy and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tidal Energy.

The global Tidal Energy market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

World over, the massive interest in harvesting wave and tidal energy stems from the need for leveraging the limitless potential of ocean in meeting the rising demand for sustainable energy. The notable demand for next-generation technologies for harnessing renewable sources of energy at scale is a notable factor boosting the market. Advances in wave energy converter technologies has enabled market players to better realize the potential of tidal energy sources.

This report presents a comprehensive overview, market shares, and growth opportunities of Tidal Energy market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Tidal Stream Generator
Pendulum Device
Barrage
Others

Segmentation by application
Commercial
Industrial
Residential

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BioPower Systems
Blue Energy Canada
OpenHydro Group
Pluse Tidal
Verdant Power

Key Questions Addressed in this Report

What is the 10-year outlook for the global Tidal Energy market?

What factors are driving Tidal Energy market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Tidal Energy market opportunities vary by end market size?

How does Tidal Energy break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.