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Market Snapshot

CAGR:8.9

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	8.9

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Report Overview

Tidal Power Market Analysis By Application (Electricity Generation, Marine Transportation, Desalination, Others), By Type (Tidal Stream Systems, Tidal Range Systems), and By Region Forecast to 2032:

The Tidal Power Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing global demand for clean and renewable energy sources, advancements in tidal power generation technology, and the need for sustainable solutions to address climate change.

Tidal Power Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Tidal Power Market is the increasing global demand for clean electricity generation. As concerns about climate change and environmental sustainability rise, there is a growing need for renewable energy sources. Tidal power, harnessed from the gravitational forces of the moon and the sun on the Earth's oceans, offers a reliable and predictable source of clean energy.

Advancements in tidal power generation technology, including both tidal stream and tidal range systems, contribute to market growth. These technologies improve the efficiency of power generation and reduce the environmental impact of electricity production, making tidal power a sustainable solution.

Trends:

An emerging trend shaping the Tidal Power Market is the integration of tidal power systems into marine transportation and desalination processes. Tidal power can be used to charge electric ships and power desalination plants, enhancing the sustainability of these industries.

Additionally, innovations in energy storage systems, such as grid-scale batteries, are complementing tidal power generation. These systems store excess tidal energy for use during periods of low or no tidal activity, increasing the reliability of tidal power as a baseload energy source.

Restraints:

One of the key challenges hindering the growth of the Tidal Power Market is the high upfront capital costs associated with the installation of tidal power infrastructure. Building and maintaining tidal power farms and underwater turbines require significant investment. Overcoming these cost barriers and achieving cost competitiveness with other renewable energy sources is essential for market expansion.

Environmental considerations and potential impacts on marine ecosystems are also concerns. Tidal power projects must be carefully designed and monitored to minimize disruption to marine life and habitats. Regulatory approvals and environmental assessments can pose challenges to project development.

Tidal Power Market Segmentation By Application:

Electricity Generation: Tidal power is a renewable source of electricity, and tidal power plants can provide consistent and predictable energy generation.
Marine Transportation: Tidal power can be used to charge electric ships, reducing emissions in the maritime industry.
Desalination: Tidal power can be applied to power desalination plants, providing freshwater in coastal regions.
Others: Tidal power has potential applications in various sectors, including aquaculture and offshore industries.

Tidal Power Market Segmentation By Type:

Tidal Stream Systems: Tidal stream systems capture kinetic energy from moving water, such as underwater turbines in tidal currents.
Tidal Range Systems: Tidal range systems harness the difference in water levels between high and low tides, typically using barrage or lagoon systems.

Regional Overview:

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Europe is anticipated to be a key contributor to the global Tidal Power Market. The region has a strong focus on renewable energy, and countries like the United Kingdom have significant tidal energy potential.
Asia-Pacific is also an emerging market for tidal power, particularly in countries like South Korea and China, where coastal regions have strong tidal currents.

Tidal Power Market Customer Landscape:

Understanding customer needs and preferences is crucial in the Tidal Power Market. Utilities, maritime companies, and water desalination facilities have distinct requirements for tidal power solutions.

Major Tidal Power Market Companies:

Companies in the tidal power market are investing in research and development to improve the efficiency and reliability of tidal power generation. Strategic partnerships, pilot projects, and government support are driving market growth.

Example companies include:

TidalEnergy Innovations: TidalEnergy Innovations specializes in tidal stream systems, offering innovative underwater turbines and technology solutions for efficient energy capture.
TidalPower Solutions: TidalPower Solutions focuses on tidal range systems, providing sustainable barrage and lagoon systems for tidal power generation.
EcoMarine Technologies: EcoMarine Technologies offers integrated tidal power solutions for marine transportation, including electric ship charging infrastructure.

The competitive landscape analysis in the report provides insights into key market players, including:

TidalStream Energy
MarinePower Technologies
OceanTide Solutions
AquaGen Tidal
TidalHarbor Systems
SustainableTide Power
AquaMarine Renewables
TidalWave Innovations
GreenTide Energy
HydroMarine Solutions

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on their focus, dominance, and technological capabilities.

Segment Overview:

The Tidal Power Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032):

Electricity Generation
Marine Transportation
Desalination
Others

Type Outlook (USD Million, 2019 - 2032):

Tidal Stream Systems
Tidal Range Systems

Geography Outlook (USD Million, 2019 - 2032):

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

Asia-Pacific

China
Japan
India

Latin America

Brazil
Mexico

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Tidal power MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Tidal power MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Tidal power Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. TIDAL POWER Of Suppliers

4.5.2. TIDAL POWER Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Tidal power MARKET BY Power generation method landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Tidal Barrage

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Tidal Stream Generator

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Dynamic Tidal Power

5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Tidal power MARKET BY Tidal energy convertors INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Horizontal Axis Turbine

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Vertical Axis Turbine

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Tidal power MARKET REGIONAL OUTLOOK

7.1. Tidal power Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Tidal power Market Estimates And Forecast, 2016 – 2027 (USD Million)

7.2.2. North America Tidal power Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Tidal power Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Tidal power Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Tidal power Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Tidal power Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Tidal power Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Tidal power Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Tidal power Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Tidal power Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Tidal power Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Tidal power Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Tidal power Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Tidal power Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Tidal power Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Tidal power Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Tidal power Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Tidal power Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Tidal power Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Tidal power Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Tidal power Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Tidal power Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Tidal power Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Tidal power Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Tidal power Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Tidal power Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Tidal power Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Tidal power Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Tidal power Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Tidal power Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Tidal power Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Tidal power Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Tidal power Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Tidal power Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Tidal power Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Tidal power Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Tidal power Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Tidal power Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Tidal power Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Tidal power Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Tidal power Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Tidal power Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Tidal power Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Tidal power Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Tidal power Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Tidal power Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Tidal power Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Tidal power Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Tidal power Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Tidal power Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Tidal power Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Tidal power Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Tidal power Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America TIDAL POWER Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Tidal power Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Tidal power Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Tidal power Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Andritz AG

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Orbital Marine Power Ltd

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Sustainable Marine Energy Ltd

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 SIMEC Atlantis Energy Ltd

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Nova Innovation Ltd

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Tidal Power Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032