Wave and tidal energy or marine power (also sometimes referred to as ocean energy, ocean power, or marine and hydrokinetic energy) refers to the energy carried by ocean waves, tides, salinity, and ocean temperature differences. The movement of water in the world’s oceans creates a vast store of kinetic energy, or energy in motion. This energy can be harnessed to generate electricity to power homes, transport and industries.
This report contains market size and forecasts of Wave and Tidal Power in Global, including the following market information:
Global Wave and Tidal Power Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Wave and Tidal Power market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Wave Power Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Wave and Tidal Power include Wello Oy, Eco Wave Power, Marine Current Turbines (Siemens), Ocean Renewable Power Company (ORPC), Naval Group, BioPower Systems(BPS), AWS Ocean Energy, Voith and Ocean Power Technologies, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Wave and Tidal Power companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Wave and Tidal Power Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Wave and Tidal Power Market Segment Percentages, by Type, 2021 (%)
Wave Power
Tidal Power
Global Wave and Tidal Power Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Wave and Tidal Power Market Segment Percentages, by Application, 2021 (%)
Industrial
Commercial
Others
Global Wave and Tidal Power Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Wave and Tidal Power Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Wave and Tidal Power revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Wave and Tidal Power revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Wello Oy
Eco Wave Power
Marine Current Turbines (Siemens)
Ocean Renewable Power Company (ORPC)
Naval Group
BioPower Systems(BPS)
AWS Ocean Energy
Voith
Ocean Power Technologies
Carnegie Clean Energy
Verdant Power