Current Business Affairs Global Wave And Tidal Energy Market 2018

Wave and Tidal Energy Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast To 2025
Market Definition:
The development of new renewable energy sources is increasing, leading to reduction in the carbon emissions. Wave
and tidal energy is one of such alternative sources of renewable energy satisfying the increasing energy demand. Tides
and waves are two different natural occurrences of water, their ability to generate energy differs with regards to power,
generation and reliability. Reducing dependency on non-renewable energy sources and advancing technologies for
energy generation are explored having minimal effect on environments. The aim of development of wave and tidal
energy is to reduce the carbon footprint in emerging countries and increasing government initiatives and funds is also
expected to drive the market. Main factors fueling the market growth includes the decrease of conventional power
resources such as oil, coal and natural resources and rising concern regarding highly polluting nature of energy
generation techniques that involve fossil fuels.
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Market Analysis with Latest Growth Factors:
The key opportunities for wave and tidal energy market include reduced carbon, secure electricity supply using
renewable and green sources, which would result in large amount of energy creation and regional & economic
development. Furthermore, increasing investments, and supportive government regulations are also expected to fuel
the market growth. Growing funding from private and public sectors majorly for increasing employment generation,
energy securities, economic positioning and also addressing changing climatic conditions. Key restraints, hindering the
market growth are high cost of plant installation, high investment in R&D and the tidal time. The increased focus of
developing countries is on power generation techniques based on eco-friendly and sustainable energy sources such as
solar system, wave and tidal energy, which are appropriate non-renewable source solutions.
Major Key Players:
The prominent players in the wave and tidal energy market are Ocean Renewable Power Company LLC, Murine Current
Turbines Ltd, Atlantis Resources Ltd, AquaGen Technologies, Biopower System, Kepler Energy Ltd, Maco Tidal Turbines
Nova Innovation Ltd, Carnegie Wave Energy Ltd, and Tenax Energy. Other players in the market are involved into
partnership with companies, merger and acquisition in an attempt to widen their technologies and advancements
through research and development.
Market Segmentation: