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Published Date: 2016-06-09Number of Pages: 150

Wave and Tidal Energy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Global Wave and Tidal Energy Market: Overview

The worsening energy crisis has urged governments, consumers, and manufacturers to focus on alternative sources of energy. This has put the wave and tidal energy that can be harnessed from the oceans in a spotlight. The development of wave and tidal energy sector is gaining an accelerated momentum due to growing initiatives by several governments and developing countries to reduce the consumption of fossil fuels and reducing their carbon footprint. The research report states that the global wave and tidal energy market is expected to be worth US$11345.0 mn by the end of 2024 from US$497.7 mn in 2014. During the forecast period of 2016 and 2024, the global market is expected to rise at a CAGR of 23.2%.

Oceans are estimated to be inexhaustible sources of clean energy. Harnessing tidal and wave energy from the ocean surfaces is expected to be the next sustainable source of energy. Currently, tidal energy is expected to dominate the global market. The tidal energy segment is further divided into tidal range and tidal stream energy. Though both the concepts are new to the market, the tidal range energy sub-segment is known to be more developed than the other. Both the sub-segments are expected to undergo tremendous development with increasing investments in finding alternative sources of energies.

Collaboration between Companies will Bring Down Fixed Costs and Tariff Rates

With a raft of companies experimenting with the development of wave and tidal energy sector, there isn’t single leading technology. However, the fact that both tidal and wave energy sources will reap phenomenal benefits remains for certain. Presently, the market requires a high initial cost of investments in wave and tidal stream power plants in order to achieve better output and higher penetration. If the both these factors are achieved, the market will be able to offer wave and tidal energy at competitive and affordable prices.

The future is likely to be witness to cost cuts as the overall industry is emphasizing on large-scale array deployment instead of project demonstration and prototype testing. Thus, the economies of scale are expected to benefit the manufacturers of energy converter devices and on-shore grid connection and power take-off systems infrastructure. Companies are also expected to collaborate to share fixed costs, which will further bring down the cost of production and overall tariffs.

Europe Leads the Pack as Region Witnesses Tremendous Technological Advancements

Geographically, the global wave and tidal energy market is segmented into North America, Europe, Asia Pacific, and Rest of the World. The report suggests that Europe will be at the forefront of the wave and tidal energy market. The ongoing efforts by the governments in the region to cut down the carbon footprint, smaller region with surrounded by the coastline, and the rapid pace of technological advancements are expected to be the key contributors to the regional market’s growth in the near future. Meanwhile, the tidal barrage operations in South Korea are expected to put Asia Pacific on the global map in the coming years. Furthermore, Australia is also expected to make a significant contribution to the soaring revenue of the Asia Pacific wave and tidal energy market.

The key players operating in the global wave and tidal energy market are Ocean Power Technologies, Inc., Pelamis Wave Power Ltd., Carnegie Wave Energy Ltd., Ocean Renewable Power Company LLC, Tenax Energy, Atlantis Resources Ltd., AquaGen Technologies, S.D.E. Energy Ltd. (WERPO Wave Energy), Marine Current Turbines Ltd., and Aquamarine Power Ltd.

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
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)
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
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)
      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)
      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)
      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
      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
      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
      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
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

List of Figures

FIG. 1 Wave and Tidal Energy: Market segmentation
FIG. 2 Global Wave and Tidal Energy Market Volume and Revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 3 Value chain analysis of Wave and Tidal Energy
FIG. 4 Porter’s five forces analysis
FIG. 5 Wave Energy Generation Market, individual cost breakdown of lifetime plant cost, 2015  
FIG. 6 Tidal Energy Generation Market, lifetime plant cost breakdown of overall development cost, 2015
FIG. 7 Market attractiveness analysis of Wave Energy Market, by Region, 2015
FIG. 8 Market attractiveness analysis of Tidal Energy Market, by Region, 2015 
FIG. 9 Company market share of Tidal Energy industry (MW), 2014 
FIG. 10 Company market share of Wave Energy industry (MW), 2014 
FIG. 11 Global Wave and Tidal Energy Market, volume share by type, 2014–2024 
FIG. 12 Global wave power plant capacity estimates and forecasts, 2014–2024 (MW) (US$ Mn)  
FIG. 13 Global tidal power plant capacity estimates and forecasts, 2014–2024 (MW) (US$ Mn)  
FIG. 14 Global tidal energy market, volume share by region, 2014 and 2024 (MW) 
FIG. 15 Global wave energy market, volume share by region, 2014 and 2024 (MW) 
FIG. 16 Global wave and tidal energy market, volume share by region, 2014 and 2024 (MW)  
FIG. 17 Europe wave energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 18 Europe tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 19 Europe wave and tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 20 Scotland wave energy market capacity and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 21 Scotland tidal energy market capacity and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 22 Scotland wave and tidal energy market capacity and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 23 U.K. wave energy market capacity and generation, 2014–2024 (MW) (US$ Mn) 
FIG. 24 U.K. tidal energy market capacity and generation, 2014–2024 (MW) (US$ Mn) 
FIG. 25 U.K. wave and tidal energy market capacity and revenue, 2014–2024 (MW) (US$ Mn)  
FIG. 26 France tidal energy market capacity and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 27 France wave energy market capacity and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 28 Norway tidal energy market capacity and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 29 Russia tidal energy market capacity and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 30 Rest of Europe wave energy market capacity and revenue, 2014–2024 (MW) (US$ Mn)  
FIG. 31 Rest of Europe tidal energy market capacity and revenue, 2014–2024 (MW) (US$ Mn)  
FIG. 32 Asia Pacific wave energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 33 Asia Pacific tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 34 Asia Pacific wave and tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 35 South Korea tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 36 Australia wave energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 37 Australia tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 38 China wave energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 39 China tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 40 China wave and tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn)  
FIG. 41 Rest of Asia Pacific wave and tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn)
FIG. 42 North America wave energy market volume and revenue, 2014–2024 (MW) (US$ Mn)  
FIG. 43 North America tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn)  
FIG. 44 North America wave and tidal energy market volume and revenue, 2014 – 2020 (MW) (US$ Mn) 
FIG. 45 U.S. wave energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 46 U.S. tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 47 Canada wave and tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 48 Mexico wave and tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn)  
FIG. 49 Rest of World wave and tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 50 Ghana wave and tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn)  
FIG. 51 South Africa wave and tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 
FIG. 52 Others wave and tidal energy market volume and revenue, 2014–2024 (MW) (US$ Mn) 

List of Tables

TABLE 1 Global Wave and Tidal Energy Market: Snapshot
TABLE 2 Drivers of Wave and Tidal Energy Market: Impact Analysis
TABLE 3 Restraints of Wave and Tidal Energy Market: Impact Analysis
TABLE 4 Global Wave Energy generation cost reduction opportunities, By cost type
TABLE 5 Global Wave Energy generation lifetime plant cost breakdown and forecast, by cost type, 2014–2024 (US$ Mn/MW) 
TABLE 6 Global Tidal Energy generation cost reduction opportunities, By cost type
TABLE 7 Global Tidal Energy generation lifetime plant cost breakdown and forecast, by cost type, 2014–2024 (US$ Mn/MW) 
TABLE 8 U.K & Scotland Wave and Tidal Energy financial incentive schemes, By scheme name and description

Wave and tidal energy are methods of harnessing energy of oceans for power generation. Countries across the world are increasingly looking to utilize these forms of renewable energy as these provide a constant and steady source of clean energy. Abundance of ocean surface and significant potential of energy generation in several nations has induced governments to pursue ocean energy generation as an important part of their future renewable energy mix. Venture capital funding and government grant schemes are the vital aspects of this sector. Currently, technology development and commercial deployment of projects are in a nascent stage.

This research is designed to estimate, analyze, and forecast the market volume and revenue for the wind and tidal power generation market. It provides an in-depth analysis of the market size of wave and tidal power in terms of volume (installed capacity) and revenue (investments in the sector for adding capacity). The report analyzes the wave and tidal energy sector in detail along with deep dive research spanning three regions and eight countries. It provides detailed analysis, historical data, and statistically refined forecast for wave and tidal energy plants regionally. Country wise markets for wave, tidal, or both forms of energy have been provided individually, depending upon the investment sentiment in the respective economies. The company market share in the sector for both wave and tidal energy plants has been provided separately for 2014.

The market size for wave and tidal power generation has been estimated by studying the possible future technology trends in the market. Detailed research of countries and region-specific wave and tidal energy associations has been undertaken to estimate and forecast the installed capacity and investments in the wave and tidal energy sector. Regionally, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. An important aspect of this report is the upcoming project details for both wave and tidal energy. This provides a clear idea of country wise projects planned and the tentative timeline by which the industry would achieve commercial deployment of its technologies.

Wave and tidal power plant technologies are likely to experience significant changes in terms of individual market share from 2014 to 2024. The technology development is still in the initial phase for both wave and tidal energy. This leaves ample scope for new players to enter the market by introducing new and advanced technologies. Detailed cost breakdown analysis of wave and tidal energy plants has been provided in the study. Cost projections of individual cost components have been done for the forecast period, supported by qualitative analysis. Major players in the wave and tidal energy business have been profiled in the study to identify market penetration strategies and winning imperatives for them.

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:

Wave and Tidal Energy Market: Type analysis

  • Wave energy
  • Tidal energy

Wave and Tidal Energy Market: Geography analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Scotland
    • France
    • Norway
    • Russia
    • Others
  • Asia Pacific
    • South Korea
    • Australia
    • China
    • Others
  • Rest of the World
    • South Africa
    • Ghana
    • Others


 
 
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