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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