Current Business Affairs Global Wave And Tidal Energy Market 2018 | Page 2

The global wave and tidal market is segmented on the basis of type , technology , end user and region . On the basis of type , the market is segmented as wave energy and tidal energy . The wave energy is created due to transportation of surface of ocean wave , while the tidal energy is created by universal gravitational effect of heavenly bodies such as sun and the moon on the earth . Based on the technology , the market is divided as tidal stream generator , pendulum device , oscillating water columns , barrage and others . The tidal stream generator is referred to as tidal energy converter , which is a machine that extracts energy from moving masses of water whereas pendulum device is used for running an electric generator , while oscillating water column uses a large amount of water moving in a cylinder as a piston . A big barrage is a kind of low-head rectified dam made of large gates that can be opened or closed , which control the amount of water passing through . Based on the end users , the market is segmented as residential , commercial and industrial . Industries have been involved in development of wave and tidal energy , since new design as well as manufacturing process are helping to satisfy the rising demand for clean energy Commercial as well as residential end- users mainly include the electricity generation and other operations of electric appliances .
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Region Analysis :
Geographically , wave and tidal market is segmented into North America , Europe , Asia Pacific , Latin America and Middle East and Africa . Asia pacific region is one of the fastest growing markets for wave and tidal energy , owing to the increasing population in the countries such as China and India . Moreover , the market is gaining traction in the region due to growing economy and rising demand for clean energy . According to tidal energy estimates projected by the National Institute of Oceanography ( NIO ) and IIT-Madras , in India the highest levels of tidal energy were measured at Sunderbans in West Bengal , as well as at the Gulf of Khambat and the Gulf of Kutch in Gujarat . Adding these six sites together , the tidal energy potential generated measures to 12.5GW during 2015 .
Major Points from Table of content :
• Executive Summary
• Research Methodology
• Market Dynamics
• Industry Overview
• Global Wave And Tidal Energy Market , By Product ( 2017-2025 )
• Global Wave And Tidal Energy Market , By Regions ( 2017-2025 )
• Market Competition Analysis
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