Global Tidal Power Market Size study & Forecast, by Power Generation Method by Tidal Energy Converters and Application and Regional Forecasts 2025-2035

Description

The Global Tidal Power Market is valued at approximately USD 1.81 billion in 2024 and is anticipated to grow at a steady CAGR of 7.70% over the forecast period 2025-2035, with historical data captured for 2023 and 2024 and 2024 serving as the base year for estimation. Tidal power harnesses the gravitational forces exerted by the moon and sun on Earth's oceans to generate renewable energy, employing diverse technologies such as tidal barrages, floating platforms, and tidal stream turbines. This market is fueled by the increasing global emphasis on clean energy, declining dependence on fossil fuels, and advances in marine engineering that enhance energy conversion efficiency while minimizing environmental disruptions.

The rising global energy demand, coupled with supportive policies and incentives for marine renewable energy deployment, is driving market expansion. Investments in R&D, innovation in turbine design, and the development of multi-purpose tidal energy converters are enabling more reliable and cost-effective power generation. Furthermore, tidal energy's predictability and potential for integration with desalination and marine propulsion systems provide an added layer of value for coastal infrastructure, creating multifaceted opportunities for developers and stakeholders. Challenges such as high capital expenditure and complex underwater installation processes are being mitigated through improved modular designs, robotic deployment systems, and strategic project financing mechanisms.

The detailed segments and sub-segments included in the report are:

By Power Generation Method:

Tidal Barrage
Floating Tidal Power Platform
Tidal Stream Generation
Dynamic Tidal Power

By Tidal Energy Converters:

Horizontal Axis Turbine
More

By Application:

Power Generation
Desalination
Marine Propulsion
More

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Tidal barrages are projected to dominate the market due to their well-established technology, proven efficiency, and ability to provide base-load renewable energy. These installations are particularly suitable for estuarine environments with high tidal ranges and have been pivotal in early tidal power projects globally. However, floating tidal platforms and tidal stream generators are rapidly gaining momentum as scalable and versatile solutions that can be deployed in deeper waters with reduced ecological impact, positioning them as emerging opportunities for future market expansion.

Horizontal axis turbines currently lead in revenue contribution, driven by their superior hydrodynamic efficiency and widespread adoption in commercial tidal energy projects. These turbines maximize energy capture in high-flow tidal currents and are compatible with diverse floating and fixed tidal platforms. Alternative tidal energy converters, while smaller in market share, are gaining traction through innovation, modular designs, and integration capabilities with desalination and marine propulsion applications.

North America accounted for a substantial market share in 2025, owing to established tidal energy research programs, favorable regulatory frameworks, and strategic coastal installations in Canada and the U.S. Europe remains a mature and highly active market, especially in the UK, France, and the Netherlands, where long-standing tidal projects and government-backed initiatives support growth. Asia Pacific is expected to register the fastest expansion, driven by rising energy demand, large-scale pilot projects in China and Japan, and increasing investments in renewable energy infrastructure. Emerging regions in Latin America and the Middle East & Africa are gradually adopting tidal energy as part of their broader renewable energy strategies.

Major market players included in this report are:

Simec Atlantis Energy
Andritz Hydro
Alstom SA
Siemens Gamesa Renewable Energy
Voith Hydro
DP Energy
Marine Current Turbines
OpenHydro
Bluewater Energy Services
Minesto AB
Tocardo International
Naval Energies
HydroWing
Rolls-Royce Marine Power
Energy Technologies Institute

Global Tidal Power Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035
Annualized revenues and regional-level analysis for each market segment
Detailed analysis of the geographical landscape with country-level analysis of major regions
Competitive landscape with information on major players in the market
Analysis of key business strategies and recommendations on future market approach
Analysis of the competitive structure of the market
Demand side and supply side analysis of the market

Chapter 1. Global Tidal Power Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Tidal Power Market Forces Analysis

3.1. Market Forces Shaping The Global Tidal Power Market (2024-2035)
3.2. Drivers
- 3.2.1. increasing global emphasis on clean energy
- 3.2.2. declining dependence on fossil fuels
3.3. Restraints
- 3.3.1. high capital expenditure and complex underwater installation processes
3.4. Opportunities
- 3.4.1. advances in marine engineering that enhance energy conversion efficiency

Chapter 4. Global Tidal Power Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Tidal Power Market Size & Forecasts by Power Generation Method 2025-2035

5.1. Market Overview
5.2. Global Tidal Power Market Performance - Potential Analysis (2025)
5.3. Tidal Barrage
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Floating Tidal Power Platform
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
5.5. Tidal Stream Generation
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035
5.6. Dynamic Tidal Power
- 5.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.6.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Tidal Power Market Size & Forecasts by Tidal Energy Converters 2025-2035

6.1. Market Overview
6.2. Global Tidal Power Market Performance - Potential Analysis (2025)
6.3. Horizontal Axis Turbine
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. More
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Tidal Power Market Size & Forecasts by Application 2025-2035

7.1. Market Overview
7.2. Global Tidal Power Market Performance - Potential Analysis (2025)
7.3. Power Generation
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035
7.4. Desalination
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market size analysis, by region, 2025-2035
7.5. Marine Propulsion
- 7.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.5.2. Market size analysis, by region, 2025-2035
7.6. More
- 7.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.6.2. Market size analysis, by region, 2025-2035

Chapter 8. Global Tidal Power Market Size & Forecasts by Region 2025-2035

8.1. Growth Tidal Power Market, Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Tidal Power Market
- 8.3.1. U.S. Tidal Power Market
  - 8.3.1.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.3.1.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.3.1.3. Application breakdown size & forecasts, 2025-2035
- 8.3.2. Canada Tidal Power Market
  - 8.3.2.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.3.2.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.3.2.3. Application breakdown size & forecasts, 2025-2035
8.4. Europe Tidal Power Market
- 8.4.1. UK Tidal Power Market
  - 8.4.1.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.4.1.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.4.1.3. Application breakdown size & forecasts, 2025-2035
- 8.4.2. Germany Tidal Power Market
  - 8.4.2.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.4.2.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.4.2.3. Application breakdown size & forecasts, 2025-2035
- 8.4.3. France Tidal Power Market
  - 8.4.3.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.4.3.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.4.3.3. Application breakdown size & forecasts, 2025-2035
- 8.4.4. Spain Tidal Power Market
  - 8.4.4.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.4.4.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.4.4.3. Application breakdown size & forecasts, 2025-2035
- 8.4.5. Italy Tidal Power Market
  - 8.4.5.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.4.5.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.4.5.3. Application breakdown size & forecasts, 2025-2035
- 8.4.6. Rest of Europe Tidal Power Market
  - 8.4.6.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.4.6.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.4.6.3. Application breakdown size & forecasts, 2025-2035
8.5. Asia Pacific Tidal Power Market
- 8.5.1. China Tidal Power Market
  - 8.5.1.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.5.1.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.5.1.3. Application breakdown size & forecasts, 2025-2035
- 8.5.2. India Tidal Power Market
  - 8.5.2.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.5.2.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.5.2.3. Application breakdown size & forecasts, 2025-2035
- 8.5.3. Japan Tidal Power Market
  - 8.5.3.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.5.3.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.5.3.3. Application breakdown size & forecasts, 2025-2035
- 8.5.4. Australia Tidal Power Market
  - 8.5.4.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.5.4.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.5.4.3. Application breakdown size & forecasts, 2025-2035
- 8.5.5. South Korea Tidal Power Market
  - 8.5.5.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.5.5.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.5.5.3. Application breakdown size & forecasts, 2025-2035
- 8.5.6. Rest of APAC Tidal Power Market
  - 8.5.6.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.5.6.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.5.6.3. Application breakdown size & forecasts, 2025-2035
8.6. Latin America Tidal Power Market
- 8.6.1. Brazil Tidal Power Market
  - 8.6.1.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.6.1.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.6.1.3. Application breakdown size & forecasts, 2025-2035
- 8.6.2. Mexico Tidal Power Market
  - 8.6.2.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.6.2.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.6.2.3. Application breakdown size & forecasts, 2025-2035
8.7. Middle East and Africa Tidal Power Market
- 8.7.1. UAE Tidal Power Market
  - 8.7.1.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.7.1.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.7.1.3. Application breakdown size & forecasts, 2025-2035
- 8.7.2. Saudi Arabia (KSA) Tidal Power Market
  - 8.7.2.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.7.2.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.7.2.3. Application breakdown size & forecasts, 2025-2035
- 8.7.3. South Africa Tidal Power Market
  - 8.7.3.1. Power Generation method breakdown size & forecasts, 2025-2035
  - 8.7.3.2. Tidal Energy Converters breakdown size & forecasts, 2025-2035
  - 8.7.3.3. Application breakdown size & forecasts, 2025-2035

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Simec Atlantis Energy
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Port
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
9.3. Andritz Hydro
9.4. Alstom SA
9.5. Siemens Gamesa Renewable Energy
9.6. Voith Hydro
9.7. DP Energy
9.8. Marine Current Turbines
9.9. OpenHydro
9.10. Bluewater Energy Services
9.11. Minesto AB
9.12. Tocardo International
9.13. Naval Energies
9.14. HydroWing
9.15. Rolls-Royce Marine Power
9.16. Energy Technologies Institute