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.
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.
Sizeable investment being made by governments and private players in finding alternative sources of clean energy is imparting a notable momentum for the rapid expansion of market. A growing number of companies are collaborating and working in concert to reduce the high initial cost of investment by aiming at bringing down tariff rates. To this end, industry players are embarking on strategies to set commercial deployment of projects for developing wave and tidal energies. The trend is expected to gather steam over the years and will help in propelling the growth of the tidal energy market.
The report offers detailed coverage of Tidal Energy industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Tidal Energy by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Tidal Energy market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2020-2025.
First, this report covers the present status and the future prospects of the global Tidal Energy market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
BioPower Systems
Blue Energy Canada
OpenHydro Group
Pluse Tidal
Verdant Power
By the product type, the market is primarily split into
Tidal Stream Generator
Pendulum Device
Oscillating Water Columns
Barrage
Others
By the end users/application, this report covers the following segments
Commercial
Industrial
Residential
At the same time, we classify Tidal Energy according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Tidal Energy market for the forecast period 2020 - 2025?
• What are the driving forces in the Tidal Energy market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Tidal Energy industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?