Wave and Tidal Energy Market Sees Push due to Need for Sustainable Sources

San Francisco, California, April 25, 2018 – The global market for global wave and tidal energy is prognosticated to demonstrate a positive rise in the coming years, according to a recently published report by TMR Research. Titled, “Wave and Tidal Energy Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” the report elucidates how the potential for wave and tidal energy is being supported by the need for sustainable power sources.

The harvesting of wave and tidal energy has been around for a few decades. But only in the recent years has it started to gain traction, and its actualizing is now possible due to advances in research and technology. The potential for wave and tidal power is immense across the globe, and moreover regional geography also influences the potential of energy generation. The fact that this form of energy is highly sustainable is expected to bolster the global wave and tidal energy market.

Get Sample Copy of this Report @

https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1697

The dire need to substitute the present sources of energy i.e. fossil fuels such as coal, gas and oil with sustainable ones is a significant market driver. The market is also fuelled by the increased funding received from private sectors as well government subsidies. The technology of tidal range has gained significant traction in recent years. Barrage tidal range technology is witnessing rising interest generating increased research activities in the arena, thereby propelling the global wave and tidal energy market further.

Key players of the global wave and tidal energy market are Carnegie Wave Energy Ltd., Aquamarine Power Ltd, Ocean Renewable Power Company LLC, Tenax Energy, and Marine Current Turbines Ltd.

Wave and Tidal Energy Market : Research Report, Drivers and Restraints, Regional Overview 2025

Global Wave and Tidal Market: Snapshot

The global market for wave and tidal energy is on a path of a prosperous growth. The increasing consumption of electricity across the globe – both in established and emerging economies – is expected to substantially drive the overall development of the global market. Some of the other key factors responsible for the growth of the global wave and tidal energy market can be termed as the accelerated deterioration of the traditional resources of power such as natural gas, coal, and oil. Also, the increasing concerns about the excessive polluting nature of the techniques of energy production that consists these and other fossil fuels. The growing focus on the new developments in the techniques of power generation that are based on cleaner and more sustainable source of energy such as wave and tidal energy as well solar energy is also expected to provide a fitting answer to all the above mentioned problems and thus, drive the overall development of the global market for wave and tidal energy.

The global market for tidal and wave energy makes use of the effective strategies and techniques to make most of the one of the largest and unending source of energy – ocean and wind. These sources of energy are sustainable as well as environment friendly. The wave and tidal energy harnessing technology serves as two of the current times’ vital ways to make most of the inexhaustible resource of energy available to us.

Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1697

Global Wave and Tidal Energy Market: Overview

With effective strategies and technologies, ocean could be used as one of the largest and inexhaustible sources of environmentally-neutral and sustainable energy. Wave and tidal energy technologies serve as two of the present times’ key ways of harnessing energy from oceans. Wave and tidal energy technologies are relatively new power generation technologies with significant scope for development in the near future.

As research and development activities focused on the commercial development of clean energy resources intensify, the two sectors are expected to witness significant market growth in terms of technological advancement and rise in terms of investment and installed capacity in the near future. However, owing to their emerging nature, further development of wave and tidal energy technologies requires constant support from government bodies in terms of subsidies and encouraging regulation. 

Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1697

Global Wave and Tidal Energy Market: Trends and Opportunities

The rising consumption of electricity across developed, developing, and well as less-developed economies is undoubtedly the primary factor encouraging developments in the global market for wave and tidal energy. Other important factors driving the market include the shrinking banks of conventional power resources such as oil, natural gas, and coal, and the rising concerns regarding the highly polluting nature of energy production techniques that involve these and other fossil fuels. The increased focus on developing power generation techniques based on cleaner and sustainable energy sources such as solar power and wave and tidal energy is mostly an attempt to find a fitting solution to the aforementioned concerns.

Global Wave and Tidal Energy Market: Market Potential

The market for wave and tidal energy is treading along an encouraging growth path, Home to the world’s oldest commercial-sized tidal power plant, the market for wave and tidal energy in Europe continues to lead the way. The market in Europe is seeing an increased number of projects being announced or going live on an encouraging pace, with the highly anticipated Swansea Bay tidal lagoon in the U.K. and the MeyGen tidal array project in Scotland swiftly nearing completion. Owing to an impressive line-up of old and new projects, several potential sites capable of housing large-scale wave and tidal energy projects, and an encouraging regulatory framework, the Europe market is expected to present growth opportunities for companies operating in the wave and tidal energy market in the next few years.

Read Comprehensive Overview of Report@ https://www.tmrresearch.com/wave-tidal-energy-market

Global Wave and Tidal Energy Market: Regional Overview

Europe is presently the leading contributor of revenue to the global market and is expected to witness significant developments in the next few years. South Korea is expected to lead in terms of the tidal barrage technology and is expected to add more capacity alongside the Shiwa Lake Tidal Power Station, presently the world’s largest tidal power station, to its wave and tidal energy output. Boasting only a few sites where tidal energy can be harnessed at a commercial and economical cost, the U.S. lags behind in the market with no commercial tidal plants till now. Developments in the area in Asia Pacific are expected to remain limited to mostly China and Australia. 

Global Wave and Tidal Energy Market: Competitive Analysis

Despite being at a nascent stage of development, the global wave and tidal energy market features a fragmented competitive landscape. Over 200 companies presently function in the market, most of which have operations in the area of development of energy converter technologies. It is difficult to project whether or not the competitive landscape will achieve consolidation in the near future. However, for small companies to make a mark in the global market, strategic alliances with special purpose project companies would be imperative.

Some of the leading players operating in the global wave and tidal energy market are Ocean Renewable Power Company LLC, Pelamis Wave Power Ltd., AquaGen Technologies, Tenax Energy, Carnegie Wave Energy Ltd., Atlantis Resources Ltd., Ocean Power Technologies, Inc., Aquamarine Power Ltd, Marine Current Turbines Ltd., and S.D.E. Energy Ltd. (WERPO Wave Energy).

Europe Makes Promising Growth on Wave and Tidal Energy Front

San Francisco, California, December 20, 2017: A recent market research report by TMR Research presents a comprehensive analytical overview of the global market for wave and tidal energy. The report is titled “Wave and Tidal Energy Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.”

It is estimated that the market will expand at a promising pace over the report’s forecast period, chiefly owing to the increased global focus on the development of cleaner power generation technologies that have the least negative impact on the environment. The vast rise in global population, thriving industries in emerging economies, and a vast rise in infrastructure development activities are all leading to a massive rise in demand for electricity. This factor, together with the rise in stringent environment protection regulations across the globe, which are compelling the power generation industry to switch to cleaner and more environment-friendly energy resources, is expected to emerge as the key driver of the global wave and tidal energy market in the next few years.

A number of new wave and tidal energy projects are being established across the globe and will start contributing to the global energy mix on a consistent basis in the next few years. The report provides an overview of the growth dynamics of the market in present times and provides forecasts pertaining to its potential growth opportunity over the period between 2017 and 2025. The report covers an analysis of key growth drivers, restraints, trends, and regulations that could have a notable impact on the overall development of the market over the said period.

Geographically speaking, the market for wave and tidal energy presently earns a significant share in revenue from Europe. Europe is home to some of the oldest and largest wave and tidal energy projects and continues to make strides in the sector at an impressive pace. Factors such as the region’s commitment towards bringing down its carbon impression, increased dependency on renewable energy sources to fulfill its annual power requirements, encouraging regulatory scenario, and high awareness among the population regarding the need to switch to clean and green energy will continue to drive the market for wave and tidal energy.

The report also gives a thorough overview of the competitive landscape of the global wave and tidal energy market. Along with an overview of the positioning of the leading companies operating in the market, data pertaining to the aspects such as product portfolios, revenue, involvement in mergers and acquisitions, and innovations for some of the most promising vendors in the market is included in the report.

The vendor landscape of the market is largely fragmented and highly competitive. There are over 200 players in the market, with most operating in the field of developing energy conversion technologies. While it is difficult to say whether the market will achieve consolidation in the near future, small companies can achieve sustainable profits with the help of strategic alliances with larger firms.

Some of the leading companies operating in the global wave and tidal energy market are Marine Current Turbines Ltd., AquaGen Technologies, Ocean Renewable Power Company LLC, Atlantis Resources Ltd., Carnegie Wave Energy Ltd., Pelamis Wave Power Ltd., Aquamarine Power Ltd, Ocean Power Technologies, Inc., Tenax Energy, and S.D.E. Energy Ltd. (WERPO Wave Energy).

Get Sample Copy of this Report

https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1697

Wave and Tidal Energy Emerges as Popular Alternative to Fossil Fuels

San Francisco, California, May 03, 2017: A report by TMR Research, titled “Wave and Tidal Energy Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,” offers insights into the key opportunities and trends in the market. It assesses the competitive scenario of the global wave and tidal energy market.

The ever-rising demand for energy in the form of electricity across the world is the primary factor behind the development of the global wave and tidal energy market. The exhausting deposits of conventional sources of energy such as coal, oil, and natural gas are also creating a shift towards renewable energy sources, thereby propelling the market. This is coupled with the soaring demand for clean energy sources. Unlike fossil fuels, wave and tidal energy do not emit harmful gasses and fit as a solution to the rising concerns regarding environmental pollution. However, the lack of highly efficient synthesis technologies for wave and tidal energy is restraining the growth of the market. Nevertheless, rapid technological advancements are paving way for the brighter future of the market.

The key segments analyzed in the research report on the basis of geography are Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Europe will account for a substantial share in the global arena. Europe is home to the world’s oldest power plant for tidal energy, which gives it an edge over other regions. Besides the presence of many old projects, favorable regulatory framework in the region is encouraging new projects. The presence of several potential sites to house large-scale wave and tidal energy projects is also contributing to the growth of Europe.

Asia Pacific, on the other hand, is expected to progress at a tremendous pace, thanks to South Korea, which is a sight of high growth rate. South Korea boasts about being home to the world’s largest tidal power plant, Shiwa Lake Tidal Power Station. Australia and China are anticipated to be new areas of tidal energy development in APAC.

The global wave and tidal energy market is a highly fragmented arena. The market is still at its nascent stage and is estimated to witness an influx of players, entering the market through strategic alliances with special purpose project companies. Some of the key players in the market are Tenax Energy, Pelamis Wave Power Ltd., Marine Current Turbines Ltd., Atlantis Resources Ltd., Ocean Renewable Power Company LLC, AquaGen Technologies, Carnegie Wave Energy Ltd., Aquamarine Power Ltd, Ocean Power Technologies Inc., and S.D.E. Energy Ltd. (WERPO Wave Energy).