Market Revenue Wave and Tidal Energy Market Analysis | Page 2

The “Tidal Power Plants” of Wave and Tidal Energy is the dominant type of the market in 2016, The conversion
of kinetic energy into electricity is mainly done with the help of “Tidal Stream”. As compared to Wave Power
plants, the Tidal Power Plants may have higher R&D investments. Wave and Tidal Energy may be explored by
Technology as Pendulor Device, Tidal Stream Generator, Barrage, Oscillating Water Columns, and Others
(Lagoon and Turbine). Wave and Tidal Energy may be explored by end users as Residential, Industrial, and
Commercial. Asia-Pacific has been at the forefront with regards to wave and tidal energy industry and will
continue to rule the roost in the years to come.
The Asia Pacific accounted for the major share of 39% of the global volume in 2016. The region is estimated to
continue to be the foremost user over the forthcoming period due to increase in the environmental rules, public
funding programs, competition, and government policies are expected to facilitate the growth of market in this
region. Asia-Pacific is looked upon as the most attractive and major market for Wave and Tidal Energy all over
the world. Significant development of the accessibility of incomes, awareness amongst the population,
economy, and growth in open test places are estimated to drive the market throughout the upcoming period.
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Asia-Pacific is followed by the North America. Some of the key players that fuel the growth of the wave and tidal
energy market include S.D.E. Energy Ltd. (WERPO Wave Energy), Carnegie Wave Energy Ltd., Tenax Energy,
Ocean Power Technologies, Inc., Atlantis Resources Ltd., AquaGen Technologies, Pelamis Wave Power Ltd.,
Ocean Renewable Power Company LLC, Aquamarine Power Ltd, and Marine Current Turbines Ltd. The key
players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers,
acquisitions, and joint ventures are the need of the hour.
Market Segment:
Wave and Tidal Energy Type Outlook (Installed Capacity, Megawatt; Revenue, USD Million, 2014 - 2025)
• Wave
• Tidal
Wave and Tidal Energy Regional Outlook (Installed Capacity, Megawatt; Revenue, USD Million, 2014 - 2025)
• North America
• Canada
• Europe
• U.K.
• France
• Asia Pacific