GLOBAL WAVE AND TIDAL ENERGY MARKET LIKELY TO REACH US$ 17,535.30 MN BY 2027

1
Global Wave and Tidal Energy Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2027

2
About Us

• Transparency Market Research (TMR) is a market
  intelligence company, providing North America
  business information reports and services. Our
  exclusive blend of quantitative forecasting and
  trends analysis provides forward-looking insight
  for thousands of decision-makers. We have an
  experienced team of Analysts, Researchers, and
  Consultants, who use proprietary data sources and
  various tools and techniques to gather and
  analyze information. Our business offerings
  represent the latest and the most reliable informa
  tion indispensable for businesses to sustain a
  competitive edge.
• Each TMR Syndicated Research report covers a
  different sectorsuch as pharmaceuticals,
  chemical, energy, food beverages,
  semiconductors, med-devices, consumer goods, and
  technology. These reports provide in-depth
  analysis and deep segmentation to possible micro
  levels. With a wider scope and stratified
  research methodology, our syndicated reports
  strive to serve clients and satisfy their overall
  research requirement.

3
Global Wave and Tidal Energy Market Key
Highlights

• The global wave and tidal energy market stood
  at US 3,244.44 Mn in 2018 and is projected to
  touch a valuation of US 17,535.30 million by the
  end of 2027. This represents the market rising at
  a spectacular CAGR of 23.5 during the forecast
  period of 20192027.
• Tidal Power Plant Segment Lead the Global Wave
  and Tidal Energy Market
• The various types of energy generated can be
  broadly classified as wave and tidal. Both the
  segments are poised to rise at equally promising
  pace over the assessment period. However, tidal
  energy is expected to lead the market
  through 2027. The assortment of technologies
  brought by companies to leverage the potential of
  this type of energy will account for the
  attractive growth.
• Europe Dominated the Global Wave and Tidal Energy
  Market
• Of the various regional segments, Europe is
  expected to lead the pack over the forecast
  period. The growth is fueled by substantial
  efforts being made by the governments in various
  economies to support transition to low-carbon
  economy and the vast strides being taken by the
  energy sector across the region.

4

• Companies aim for unleashing Potential of Ocean
  in generating Clean Energy boost Market

• 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 wave and 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 wave and tidal energy market.

Download Brochure
View Report
5
Global Wave and Tidal Energy Market Key
Developments

• In December 2019, Nova Innovation a Scotland
  based tidal energy company announced that the
  company had won a contract to develop an
  innovative subsea electrical connector for Wave
  Energy Scotland. The companys MECMate subsea
  connector is designed to meet the challenging
  requirements related to marine environment and
  tidal energy.
• In October 2019, SIMEC Atlantis Energy Limited
  announced that the company has acquired the Green
  Highland Renewables project development, asset
  management, operation and maintenance business
  (GHR) from SIMEC Energy. The project has
  includes more than 65 hydro schemes, and had
  built more than 45 hydro schemes. The project
  also provides operation and maintenance services
  for more than 45 hydro schemes in the UK.
• In September 2019, MAKO Energy Pte Ltd launched
  the MAKO Tidal Energy Site at the Sentosa
  Boardwalk in Singapore. The launch is the part of
  a collaboration agreement between Sentosa
  Development Corporation (SDC) and MAKO Energy Pte
  Ltd in December 2018.

Request For Multiple Chapters of Global wave and
tidal energy market Here
6
(No Transcript)