Global Wave and Tidal Energy Market Report By Energy Type (Wave, Tidal) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027

ID:VMR11215562
July 2021
Report Formats:
Global Wave and Tidal Energy Market Overview
 
The key driver impacting the wave and tidal energy market is the increasing carbon footprint in the world demanding the use of natural energy sources like tidal and wave energy. As per the Global Footprint Network, in 2015, carbon Footprint is around 60 percent of humanity’s overall Ecological Footprint, and it is growing fast. Humanity’s carbon Footprint has scaled up 11-fold since 1961. The Nature conservancy Report, the standard carbon footprint per person is 16 tons in the United States, one of the highest rates globally. The global average is nearly 4 tons. To have the best possibility of avoiding a 2℃ increase in global temperatures, the standard global carbon footprint annually requires to fall under 2 tons by 2050. Also, the growing need for limiting dependency on fossil fuels is estimated to create huge market demand. Moreover, escalating electricity consumption globally and huge environmental pollution by the traditional energy resources contribute to wave and tidal energy market demand later. Whereas with regards to volume, the market was calculated XX Megawatt in 2020 and foreseen to grow with a CAGR of XX% during 2021-2027.
According to Value Market Research, the global wave and tidal energy market size was valued at about USD 890.6 million in 2020 and is expected to grow at a CAGR of around 43% during the forecast period 2021 to 2027. 

The increasing constant government support toward renewable resources like a wave and tidal energy will likely augment the need for wave and tidal energy in the forecast period. However, limiting the growth of electricity demand in OECD countries hinders the market in the long run. In addition, High cost is negatively impacting the market growth. Even so, the growing focus and investment on the need for renewable energy sources by the governments might provide massive market opportunities to the market's key players.

The Wave and tidal energy market are widespread, with many local and international players. The market leaders follow diverse strategies to strengthen their market, such as extending product portfolio, acquisitions, contracts, amalgamation, product upgrades to raise their market share globally. The key players taken in the report are AquaGen Technologies Pty., Ltd., Atlantis Resources Ltd., Marine Current Turbines Ltd., Ocean Renewable Power Company LLC, Tenax Energy, Ocean Power Technologies, Inc., Aquamarine Power, Carnegie Wave Energy Ltd, and Pelamis Wave Power.

Global Wave and Tidal Energy Market Share

In this research report, the Wave and tidal energy market are segmented by energy type and region.

Analysis by Energy Type:

By energy type, the report is segmented into wave and tidal. The tidal segment dominates the energy type segment with the highest market share of 98% in 2020. It is because there is a high penetration of tidal energy as compared to wave energy at the global level. Moreover, the development of converters has progressed gradually, and the high commercialization of tidal technology is by the MeyGen project since 2016, contributing to the tidal energy segment's growth in the forecast period. 
Analysis by Region:
In the regional outlook of the global Wave and tidal energy market, the Asia Pacific region dominates with the largest market share of 40% in 2020. It is due to the rising public funding programs and strict environmental regulations. Moreover, the growing population and subsequent increase in electricity demands across leading countries like China, India, and Japan contribute to the tremendous market demand across the Asia Pacific.

Market Segmentation covered in the Report:

By Energy Type
  • Wave
  • Tidal
 
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
 
METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . WAVE AND TIDAL ENERGY – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Energy Type
           3.7.2 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic 
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL WAVE AND TIDAL ENERGY MARKET ANALYSIS BY ENERGY TYPE
       6.1 Overview by Energy Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Energy Type
       6.4 Wave Market by Regions
       6.5 Tidal Market by Regions
 
7 . GLOBAL WAVE AND TIDAL ENERGY MARKET ANALYSIS BY GEOGRAPHY
       7.1. Regional Outlook
       7.2. Introduction
       7.3. North America
           7.3.1. Overview, Historic and Forecast Data 
           7.3.2. North America By Segment
           7.3.3. North America By Country
           7.3.4. United State
           7.3.5. Canada
           7.3.6. Mexico
       7.4. Europe
           7.4.1. Overview, Historic and Forecast Data 
           7.4.2. Europe by Segment
           7.4.3. Europe by Country
           7.4.4. United Kingdom
           7.4.5. France
           7.4.6. Germany
           7.4.7. Italy
           7.4.8. Russia
           7.4.9. Rest Of Europe
       7.5. Asia Pacific
           7.5.1. Overview, Historic and Forecast Data 
           7.5.2. Asia Pacific by Segment
           7.5.3. Asia Pacific by Country
           7.5.4. China
           7.5.5. India
           7.5.6. Japan
           7.5.7. South Korea
           7.5.8. Australia
           7.5.9. Rest Of Asia Pacific
       7.6. Latin America
           7.6.1. Overview, Historic and Forecast Data 
           7.6.2. Latin America by Segment
           7.6.3. Latin America by Country
           7.6.4. Brazil
           7.6.5. Argentina
           7.6.6. Peru
           7.6.7. Chile
           7.6.8. Rest of Latin America
       7.7. Middle East & Africa
           7.7.1. Overview, Historic and Forecast Data 
           7.7.2. Middle East & Africa by Segment
           7.7.3. Middle East & Africa by Country
           7.7.4. Saudi Arabia
           7.7.5. UAE
           7.7.6. Israel
           7.7.7. South Africa
           7.7.8. Rest Of Middle East And Africa
 
8 . COMPETITIVE LANDSCAPE OF THE WAVE AND TIDAL ENERGY COMPANIES
       8.1. Wave And Tidal Energy Market Competition
       8.2. Partnership/Collaboration/Agreement
       8.3. Merger And Acquisitions
       8.4. New Product Launch
       8.5. Other Developments
 
9 . COMPANY PROFILES OF WAVE AND TIDAL ENERGY INDUSTRY
       9.1. Company Share Analysis
       9.2. Market Concentration Rate
       9.3. AquaGen Technologies Pty. Ltd.
           9.3.1. Company Overview
           9.3.2. Financials
           9.3.3. Products
           9.3.4. Recent Developments
       9.4. Atlantis Resources Ltd.
           9.4.1. Company Overview
           9.4.2. Financials
           9.4.3. Products
           9.4.4. Recent Developments
       9.5. Marine Current Turbines Ltd.
           9.5.1. Company Overview
           9.5.2. Financials
           9.5.3. Products
           9.5.4. Recent Developments
       9.6. Ocean Renewable Power Company LLC
           9.6.1. Company Overview
           9.6.2. Financials
           9.6.3. Products
           9.6.4. Recent Developments
       9.7. Tenax Energy
           9.7.1. Company Overview
           9.7.2. Financials
           9.7.3. Products
           9.7.4. Recent Developments
       9.8. Ocean Power Technologies Inc.
           9.8.1. Company Overview
           9.8.2. Financials
           9.8.3. Products
           9.8.4. Recent Developments
       9.9. Aquamarine Power
           9.9.1. Company Overview
           9.9.2. Financials
           9.9.3. Products
           9.9.4. Recent Developments
       9.10. Carnegie Wave Energy Ltd
           9.10.1. Company Overview
           9.10.2. Financials
           9.10.3. Products
           9.10.4. Recent Developments
       9.11. Pelamis Wave Power.
           9.11.1. Company Overview
           9.11.2. Financials
           9.11.3. Products
           9.11.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Energy Type (Kilo Tons and USD MN)
  •  Wave Market by Geography (Kilo Tons and USD MN)
  •  Tidal Market by Geography (Kilo Tons and USD MN)
  •  Global Wave And Tidal Energy Market by Geography (Kilo Tons and USD MN)
  •  North America Market Analysis (Kilo Tons and USD MN)
  •  United State Market Analysis (Kilo Tons and USD MN)
  •  Canada Market Analysis (Megawatt and USD MN)
  •  Mexico Market Analysis (Megawatt and USD MN)
  •  Europe Market Analysis (Megawatt and USD MN)
  •  Europe Market Estimate by Country (Megawatt and USD MN)
  •  United Kingdom Market Analysis (Megawatt and USD MN)
  •  France Market Analysis (Megawatt and USD MN)
  •  Germany Market Analysis (Megawatt and USD MN)
  •  Italy Market Analysis (Megawatt and USD MN)
  •  Russia Market Analysis (Megawatt and USD MN)
  •  Spain Market Analysis (Megawatt and USD MN)
  •  Rest of Europe Market Analysis (Megawatt and USD MN)
  •  Asia Pacific Market Analysis (Megawatt and USD MN)
  •  China Market Analysis (Megawatt and USD MN)
  •  Japan Market Analysis (Megawatt and USD MN)
  •  India Market Analysis (Megawatt and USD MN)
  •  South Korea Market Analysis (Megawatt and USD MN)
  •  Australia Market Analysis (Megawatt and USD MN)
  •  Rest of Asia Pacific Market Analysis (Megawatt and USD MN)
  •  Latin America Market Analysis (Megawatt and USD MN)
  •  Brazil Market Analysis (Megawatt and USD MN)
  •  Argentina Market Analysis (Megawatt and USD MN)
  •  Peru Market Analysis (Megawatt and USD MN)
  •  Chile Market Analysis (Megawatt and USD MN)
  •  Rest of Latin America Market Analysis (Megawatt and USD MN)
  •  Middle East & Africa Market Analysis (Megawatt and USD MN)
  •  Saudi Arabia Market Analysis (Megawatt and USD MN)
  •  UAE Market Analysis (Megawatt and USD MN)
  •  Israel Market Analysis (Megawatt and USD MN)
  •  South Africa Market Analysis (Megawatt and USD MN)
  •  Rest of Middle East and Africa Market Analysis (Megawatt and USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Wave And Tidal Energy Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Wave And Tidal Energy Market Size, by Region (Megawatt and USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Energy Type
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Segment Analysis (Megawatt and USD MN)
  •  Wave Market by Geography (Megawatt and USD MN)
  •  Tidal Market by Geography (Megawatt and USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis, 2020
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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