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.

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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.

Author: Rohit Bhisey

As Head of Marketing at TMR Research, Rohit brings to the table over a decade of experience in market research and Internet marketing. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in his field. Rohit is an expert at formulating new business plans and strategies to help boost web traffic. His interests lie in writing news articles on technology,healthcare and business.

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