Transparency Market Research Wave and Tidal Energy Market (Energy Type - Wave Energy, Tidal Energy) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024 Published Date 09-Jun-2016 150 Page Report Buy Now Request Sample Press Release Global Wave and Tidal Energy Market to reach US$ 11.3 Bn in 2024 Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Wave and Tidal Energy Market REPORT DESCRIPTION Wave and Tidal Energy Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024 Transparency Market Research has released a new market report titled, Wave and Tidal Energy Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024. According to the report, the global wave and tidal energy market was valued at US$ 497.7 Mn in 2014 and is anticipated to reach US$ 11345.0 Mn in 2024, expanding at a CAGR of 23.2% from 2016 to 2024. Browse the full Wave and Tidal Energy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/wave-tidal-energymarket.html When harnessed effectively, ocean could prove to be one of the largest reserves of clean and sustainable energy. Wave and tidal energy are the two major forms of harnessing ocean energy. These have significantly different market dynamics. Tidal energy can be broadly segmented into tidal stream and tidal range energy. Tidal range power plants entail construction of tidal barrages. This is a mature form of energy generation technology. Commissioned in 2011, the Sihwa Lake Tidal Power Station with 254 MW capacity in South Korea replaced France’s Rance Tidal Power Station as the largest tidal power plant in the world. Tidal stream power plants are a relatively new technology with ample scope for development. Wave energy is a relatively new concept. The two sectors are likely to experience significant market growth in terms of installed capacity and investments in the near future. Currently, over 200 companies operate in the wave and tidal energy sector. Most of these players are extensively involved in the business of development of energy converter technology. Wave and tidal stream technologies have significant potential of reaping benefits of economies of scale. Large-scale commercial array deployments of wave and tidal power plants are projected to be followed by massive cost reductions. Strong development of the offshore wind energy sector in several countries can contribute significantly to cost reduction potential of wave and tidal energy. The path from prototype testing and project demonstration to Transparency Market Research 2 Wave and Tidal Energy Market large-scale commercial project construction is a long one. Constant financial and policy support from local governments is imperative for technology developers for brisk commercialization of their energy converter devices. Currently, the industry structure is fragmented. It is difficult to ascertain if the industry would consolidate in the near future. However, establishment of special purpose project companies and strategic alliances would be imperative for small technology developers to invest in projects across the world. Major developments in wave and tidal stream plants are expected to take place in Europe. On the other hand, South Korea is estimated to grow the fastest in terms of tidal barrage operations. Wave energy development in Asia Pacific would be concentrated in Australia. Currently, only tidal barrages are capable of generating returns on investments through the sale of electricity. Tidal stream and wave power plants are still not capable of generating power at grid parity levels. Commercialization of technology is the need of the hour for this sector. Otherwise, it would be difficult for project developers to sign long-term power sale contracts. Reduction in costs would become a necessity as the sector shifts from grant financing to private equity and debt financing. Key players in the global wave and tidal energy market include Pelamis Wave Power Ltd., Carnegie Wave Energy Ltd., Ocean Power Technologies, Inc., Ocean Renewable Power Company LLC, Tenax Energy, AquaGen Technologies, Atlantis Resources Ltd., S.D.E. Energy Ltd. (WERPO Wave Energy), Marine Current Turbines Ltd., and Aquamarine Power Ltd. The report provides an overview of these companies, followed by their financial revenues (on availability), business strategies, SWOT analysis, and recent developments. The global wave and tidal energy market has been segmented as follows: Download the Exclusive Report Sample :http://bit.ly/2iz2VgR Wave and Tidal Energy Market: Type analysis Wave energy Tidal energy Transparency Market Research 3 Wave and Tidal Energy Market TABLE OF CONTENT Chapter 1 Preface 1.1 REPORT DESCRIPTION 1.2 RESEARCH SCOPE 1.3 MARKET SEGMENTATION 1.4 RESEARCH METHODOLOGY Chapter 2 Executive Summary Chapter 3 Market Overview 3.1 INTRODUCTION 3.2 VALUE CHAIN ANALYSIS 3.3 MARKET DRIVERS 3.3.1 PREDICTABLE AND CONSTANT SOURCE OF RENEWABLE ENERGY 3.3.2 SCALABILITY WITHIN A SMALL AREA ALLOWING LARGE PROJECT DEVELOPMENT IN PHASES 3.3.3 GENERATION OF POWER FOR REMOTE LOCATIONS WHERE DRAWING GRID CONNECTIONS ARE NOT COST EFFECTIVE OR FEASIBLE 3.3.4 STRONG GOVERNMENT POLICY FRAMEWORK AND INCENTIVE SCHEMES Transparency Market Research 4 Wave and Tidal Energy Market 3.4 MARKET RESTRAINTS 3.4.1 HIGH CAPITAL INVESTMENTS AND LACK OF FUNDING CHANNELS 3.4.2 LACK OF COMMERCIAL DEPLOYMENT OF PROJECTS DUE TO LOW TECHNOLOGY MATURITY 3.5 MARKET OPPORTUNITIES 3.5.1 MASSIVE COST REDUCTION OPPORTUNITIES THROUGH TECHNOLOGICAL INNOVATIONS AND CAPACITY UP-SCALING 3.6 PORTER’S FIVE FORCES ANALYSIS 3.6.1 BARGAINING POWER OF SUPPLIERS 3.6.2 BARGAINING POWER OF BUYERS 3.6.3 THREAT FROM NEW ENTRANTS 3.6.4 DEGREE OF COMPETITION 3.6.5 THREAT FROM SUBSTITUTES 3.7 WAVE AND TIDAL ENERGY: LIFETIME PLANT COST ANALYSIS 3.7.1 WAVE ENERGY GENERATION 3.7.1.1 Global Wave Energy generation cost reduction opportunities, By cost type 3.7.1.2 Global Wave Energy generation lifetime plant cost breakdown and forecast, by cost type, 2014 – 2024, (Mn US$/MW) 3.7.2 TIDAL ENERGY GENERATION 3.7.2.1 Global Tidal Energy generation cost reduction opportunities, By cost type 3.7.2.2 Global Tidal Energy generation lifetime plant cost breakdown and forecast, by cost type, 2014 – 2024, (Mn US$/MW) Transparency Market Research 5 Wave and Tidal Energy Market 3.8 WAVE AND TIDAL ENERGY: GLOBAL REGULATORY LANDSCAPE 3.8.1.1 U.K & Scotland Wave and Tidal Energy financial incentive schemes 3.9 MARKET ATTRACTIVENESS ANALYSIS OF THE WAVE AND TIDAL ENERGY MARKET, BY REGION, 2015 3.10 COMPANY MARKET SHARE ANALYSIS 3.10.1 COMPANY MARKET SHARE ANALYSIS : TIDAL ENERGY 3.10.1.1 Tidal Energy, company market share analysis (MW), 2014 3.10.2 COMPANY MARKET SHARE ANALYSIS : WAVE ENERGY 3.10.2.1 Wave Energy, company market share analysis (MW), 2014 Chapter 4 Wave and Tidal Energy Market: Type Analysis 4.1 GLOBAL WAVE AND TIDAL ENERGY MARKET: TYPE OVERVIEW 4.1.1 GLOBAL WAVE AND TIDAL ENERGY MARKET, VOLUME SHARE BY TYPE, 2014-2024 4.2 WAVE POWER PLANTS 4.2.1 GLOBAL WAVE POWER PLANT CAPACITY ESTIMATES AND FORECASTS, 2014 - 2024 (MW) (US$ MN) 4.3 TIDAL POWER PLANTS 4.3.1 GLOBAL TIDAL POWER PLANT CAPACITY ESTIMATES AND FORECASTS, 2014 - 2024 (MW) (US$ MN) Chapter 5 Wave and Tidal Energy Market: Regional Analysis Transparency Market Research 6 Wave and Tidal Energy Market 5.1 GLOBAL WAVE AND TIDAL ENERGY MARKET: REGIONAL OVERVIEW 5.1.1 GLOBAL TIDAL ENERGY MARKET, VOLUME SHARE BY REGION, 2014 AND 2024 (MW) 5.1.2 GLOBAL WAVE ENERGY MARKET, VOLUME SHARE BY REGION, 2014 AND 2024 (MW) 5.1.3 GLOBAL WAVE AND TIDAL ENERGY MARKET, VOLUME SHARE BY REGION, 2014 AND 2024 (MW) 5.2 EUROPE 5.2.1 EUROPE WAVE ENERGY MARKET ESTIMATES AND FORECAST, 2014 – 2024 (MW) (US$ MN) 5.2.2 EUROPE TIDAL ENERGY MARKET ESTIMATES AND FORECAST, 2014 – 2024 (MW) (US$ MN) 5.2.3 EUROPE WAVE AND TIDAL ENERGY MARKET ESTIMATES AND FORECAST, 2014 – 2024 (MW) (US$ MN) 5.2.4 SCOTLAND 5.2.4.1 Scotland wave energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.2.4.2 Scotland tidal energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.2.4.3 Scotland wave and tidal energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.2.5 UNITED KINGDOM (U.K.) 5.2.5.1 U.K. wave energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.2.5.2 U.K. tidal energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.2.5.3 U.K. wave and tidal energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.2.6 FRANCE 5.2.6.1 France tidal energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.2.6.2 France wave energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) Transparency Market Research 7 Wave and Tidal Energy Market 5.2.7 NORWAY 5.2.7.1 Norway tidal energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.2.8 RUSSIA 5.2.8.1 Russia tidal energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.2.9 OTHERS 5.2.9.1 Others wave and tidal energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.2.10 PROPOSED WAVE AND TIDAL POWER PROJECTS: EUROPE 5.2.10.1 Proposed Wave projects 5.2.10.2 Proposed Tidal Projects 5.2.11 REGULATORY FRAMEWORK SNAPSHOT: EUROPE 5.3 ASIA PACIFIC 5.3.1 ASIA PACIFIC WAVE ENERGY MARKET ESTIMATES AND FORECAST, 2014 – 2024 (MW) (US$ MN) 5.3.2 ASIA PACIFIC TIDAL ENERGY MARKET ESTIMATES AND FORECAST, 2014 – 2024 (MW) (US$ MN) 5.3.3 ASIA PACIFIC WAVE AND TIDAL ENERGY MARKET ESTIMATES AND FORECAST, 2014 – 2024 (MW) (US$ MN) 5.3.4 SOUTH KOREA 5.3.4.1 South Korea tidal energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.3.5 AUSTRALIA 5.3.5.1 Australia wave and tidal energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) Transparency Market Research 8 Wave and Tidal Energy Market 5.3.6 CHINA 5.3.6.1 China wave energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.3.6.2 China tidal energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.3.6.3 China wave and tidal energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.3.7 OTHERS 5.3.7.1 Others wave and tidal energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.3.8 PROPOSED WAVE AND TIDAL POWER PROJECTS: ASIA PACIFIC 5.3.8.1 Proposed Wave Projects 5.3.8.2 Proposed Tidal Projects 5.3.9 REGULATORY FRAMEWORK SNAPSHOT: ASIA PACIFIC 5.4 NORTH AMERICA 5.4.1 NORTH AMERICA WAVE ENERGY MARKET ESTIMATES AND FORECAST, 2014 – 2024 (MW) (US$ MN) 5.4.2 NORTH AMERICA TIDAL ENERGY MARKET ESTIMATES AND FORECAST, 2014 – 2024 (MW) (US$ MN) 5.4.3 NORTH AMERICA WAVE AND TIDAL ENERGY MARKET ESTIMATES AND FORECAST, 2014 – 2024 (MW) (US$ MN) 5.4.4 UNITED STATES 5.4.4.1 U.S. wave energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.4.4.2 U.S. tidal energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.4.4.3 U.S. wave and tidal energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) Transparency Market Research 9 Wave and Tidal Energy Market 5.4.5 CANADA 5.4.5.1 Canada wave and tidal energy market estimates and forecast, 2014 – 2024 (MW) (US$ Mn) 5.4.6 MEXICO 5.4.6.1 Mexico wave and tidal energy market estimates and forecast, 2014–2024 (MW) (US$ Mn) 5.4.6 REGULATORY FRAMEWORK SNAPSHOT: NORTH AMERICA 5.5 REST OF WORLD 5.5.1 REST OF WORLD WAVE AND TIDAL ENERGY MARKET ESTIMATES AND FORECAST, 2014– 2024 (MW) (US$ MN) 5.5.2 GHANA 5.5.2.1 Ghana wave and tidal energy market estimates and forecast, 2014–2024 (MW) (US$ Mn) 5.5.3 SOUTH AFRICA 5.5.3.1 South Africa wave and tidal energy market estimates and forecast, 2014–2024 (MW) (US$ Mn) 5.5.4 OTHERS 5.5.4.1 Others wave and tidal energy market estimates and forecast, 2014–2024 (MW) (US$ Mn) 5.5.5 REGULATORY FRAMEWORK SNAPSHOT: REST OF WORLD Chapter 6 Company Profiles 6.1 AQUAMARINE POWER LTD. 6.1.1 Company overview 6.1.2 Product portfolio Transparency Market Research 10 Wave and Tidal Energy Market 6.2.3 Financial overview 6.1.4 Business strategy 6.1.5 SWOT analysis 6.1.6 Recent developments 6.2 CARNEGIE WAVE ENERGY 6.2.1 Company overview 6.2.2 Product portfolio 6.2.3 Financial overview 6.2.4 Business strategy 6.2.5 SWOT analysis 6.2.6 Recent developments 6.3 MARINE CURRENT TURBINES LTD. 6.3.1 Company overview 6.3.2 Product portfolio 6.3.3 Financial overview 6.3.4 Business strategy 6.3.5 SWOT analysis 6.3.6 Recent developments 6.4 OCEAN POWER TECHNOLOGIES INC. 6.4.1 Company overview Transparency Market Research 11 Wave and Tidal Energy Market 6.4.2 Product portfolio 6.4.3 Financial overview 6.4.4 Business strategy 6.4.5 SWOT analysis 6.4.6 Recent developments 6.5 OCEAN RENEWABLE POWER COMPANY LLC 6.5.1 Company overview 6.5.2 Product portfolio 6.5.3 Financial overview 6.5.4 Business strategy 6.5.5 SWOT analysis 6.5.6 Recent developments 6.6 TENAX ENERGY 6.6.1 Company overview 6.6.2 Product portfolio 6.6.3 Financial overview 6.6.4 Business strategy 6.6.5 SWOT analysis 6.6.6 Recent developments 6.7 AQUAGEN TECHNOLOGIES Transparency Market Research 12 Wave and Tidal Energy Market 6.7.1 Company overview 6.7.2 Product portfolio 6.7.3 Financial overview 6.7.4 Business strategy 6.7.5 SWOT analysis 6.7.6 Recent developments 6.8 ATLANTIS RESOURCES LTD. 6.8.1 Company overview 6.8.2 Product portfolio 6.8.3 Financial overview 6.8.4 Business strategy 6.8.5 SWOT analysis 6.8.6 Recent developments 6.9 PELAMIS WAVE POWER 6.9.1 Company overview 6.9.2 Product portfolio 6.9.3 Financial overview 6.9.4 Business strategy 6.9.5 SWOT analysis 6.9.6 Recent developments Transparency Market Research 13 Wave and Tidal Energy Market 6.10 S.D.E ENERGY LTD. (WERPO) 6.10.1 Company overview 6.10.2 Product portfolio 6.10.3 Financial overview 6.10.4 Business strategy 6.10.5 SWOT analysis 6.10.6 Recent developments Browse All Energy Market Research Reports: http://www.transparencymarketresearch.com/energy-market-reports-3.html Transparency Market Research 14 Wave and Tidal Energy Market About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/ Browse The Market Research Blog : http://CMFEGlobalReports.blogspot.com/ Transparency Market Research 15
Global Wave and tidal energy market is anticipated to reach US$ 11345.0 Mn by 2024; Wave and tidal energy are the two major forms of harnessing ocean energy, demand for Wave and tidal energy is expanding at a CAGR of 23.2% from 2016 to 2024
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