PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1385587
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1385587
Wave and Tidal Energy Market Introduction and Overview
According to SPER Market Research, 'Wave and Tidal Energy Market Size- By Type, By Technology, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Wave and Tidal Energy Market is predicted to reach USD 1.71 billion by 2033 with a CAGR of 9.62%.
Wave energy from the ocean's surface is harnessed to generate power, desalinate water, and pump water into reservoirs. Since wave and tidal energies generate the most concentrated kind of renewable energy, they are seen to be the most promising green technologies. An endless supply of renewable energy can be found in the waters. Therefore, harnessing wave and tidal energy from the ocean's surface is anticipated to produce the most sustainable energy source.
Globally, including most of the places where wave and tidal energy devices are mass-produced, the COVID-19 pandemic has stopped the flow of people, goods, and technologies. Many local, state, and federal governments have imposed various travel and business restrictions, including orders to stay at home and quarantines, in an effort to stop the spread of COVID-19. This has led to a significant number of business shutdowns and slowdowns.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Type, By Technology, By Application
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered Aquagen Technologies, Pelamis Wave Power, TENAX ENERGY, Verdant Power, Inc., SIMEC Atlantis Energy, Eco Wave Power, Ocean Power Technologies, Inc, Ocean Renewable Power Company, Corpower Ocean AB.
Global Wave and Tidal Energy Market Segmentation:
By Type: Based on the Type, Global Wave and Tidal Energy Market is segmented as; Organic, Inorganic.
By Technology: Based on the Technology, Global Wave and Tidal Energy Market is segmented as; Tidal Stream Generator, Oscillating Water Columns, Tidal turbines, Tidal barrages, Tidal fences.
By Application: Based on the Application, Global Wave and Tidal Energy Market is segmented as; Power Generation, Desalination.
By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.