The global demand for Tidal Steam Generator Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
A tidal steam generator (TSG), also identified as a tidal turbine or tidal energy converter, is a device that makes use of the kinetic energy of waves to rotate turbines. This is a relatively new technology where the generator converts the kinetic energy of moving water into mechanical energy in the turbine. It works similarly as wind turbines utilize the wind to generate electricity. Compared to wind turbines, its power generation potential is relatively high as the density of water is higher than wind. Another advantage of this device is that tides can be predicted. Building tidal steam generators involve less cost. Its environmental impact is much lower, so marine life is not affected. Axial, cross-flow and vertical are some variations of tidal steam generators.
Market Dynamics
The global tidal steam generator market is expected to witness healthy growth in the forecasted period. The market is primarily driven by the limited availability of non-renewable sources, including coal, natural gas, and oil. Rapid population growth, increasing demand for power across the globe and growing penetration of renewable energy are other chief growth factors. Raising environmental awareness, preference for clean energy and government policies focusing on the same will augment market growth. Furthermore, the commercialization of tidal energy is likely to favor the market. On the flip side, the lack of technological advancements in the tidal steam generator may limit the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of tidal steam generator. The growth and trends of tidal steam generator industry provide a holistic approach to this study.
Market Segmentation
This section of the tidal steam generator market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Non-Rising Spindle
- Rising Spindle
- Others
By Application
- Wastewater Plant
- Sewage Treatment Plants
- Drainage Infrastructure
- Waterways
- Power Plants
- Others
By Casting Material
- Light Duty Cast Iron.
- Light Duty Fabricated.
- Medium Duty
- Heavy Duty Cast Iron.
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Tidal Steam Generator market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Tidal Steam Generator Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the tidal steam generator market include Hindustan Water Engineering Company, AVK Holding, Australian Penstock & Damper Valve Company, Awma Water Control Solutions, IVC, SKC Engineering, Kawasaki, Industrial Penstocks Ltd., Invicta, PVS Impex Pvt. Ltd., Spectra Company, Waterfront and Ham Baker. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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