The wave and tidal energy market is forecasted to grow by USD 1254.6 mn during 2023-2028, accelerating at a CAGR of 27.47% 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, increase in population and rise in demand for potable water, and rising government support.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
26.72%
CAGR
27.47%
Incremental Value
$1254.6 mn
Technavio's wave and tidal energy market is segmented as below:
By Type
Tidal energy
Wave energy
By Application
Power generation
Desalination
By Geographical Landscape
Europe
APAC
North America
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, increasing capacity additions of wave and tidal energy and increase in investments in clean energy technologies 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., AWS Ocean Energy Ltd, BioPower Systems Pty Ltd., Blue Energy Canada Inc., Carnegie Clean Energy Ltd., CorPower Ocean, 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 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.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Wave And Tidal Energy Market 2018 - 2022
Historic Market Size - Data Table on Global Wave And Tidal Energy Market 2018 - 2022 ($ million)