Increase in Investments in Renewable Energy Sector Coupled with Rise in Public Funding, and Favorable Government Initiatives & Environmental Regulations is set to Drive Global Wave and Tidal Energy market Over the Forecast Period: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Wave energy is the energy harnessed from sea or ocean waves. It is also known as sea wave energy or ocean energy, used for electricity generation, water desalination, pumping of water, and various other tasks. Tidal energy is a type of hydropower which converts the energy from the tides to generate electricity. Both wave and tidal energy are recognized as the potential green technologies as they generate a precise source of renewable energy. Wave and tidal energy are used for decarbonizes the energy supply, increase energy security and reduce the consumer’s dependence on fossil fuels. According to study, “Global Wave and Tidal Energy Market Information Report by Industry Type (Wave Energy and Tidal Energy) and by Regions – Global Forecast to 2023” the key companies operating in the global wave & tidal energy market are Ocean Power Technologies Inc., Atlantis Resources Ltd, IHI Corporation, Aquamarine Power Ltd., Pelamis Wave Power, Carnegie Wave Energy Limited, Tenax Energy, Ocean Renewable Power CO., AW Energy Oy Ltd., YAM PRO Energy, S.D.E. Energy Ltd. (WERPO Wave Energy), Simec Atlantis Energy, Andritz Hydro Hammerfest, BioPower Systems Pty Ltd. Orbital Marine Power. Based on type, global wave & tidal energy market is segmented into tidal energy and wave energy. Based on category of wave energy, market is segmented into overtopping device, oscillating wave surge converter, point absorber/buoy, surface attenuator, and oscillating water column. Based on technology, market is segmented into tidal stream technology, tidal range technology and wave stream technology. Tidal stream technology includes horizontal-axis turbine, oscillating hydrofoil (reciprocating device), vertical-axis turbine, archimedes’ screw, ducted turbine or enclosed tips and tidal kite. Based on generation of tidal energy, market is segmented into tidal stream generator, dynamic tidal power, tidal lagoon, and tidal barrage. In addition, based on end-user, market is segmented into commercial, residential and industrial. The wave and tidal energy market is driven by rise in demand for clean energy, followed by increase in investments in renewable energy sector, rise in demand for energy generation, augment in technological advancement, longevity of the barrages, rise in public funding, and favorable government initiatives & environmental regulations. However, high cost of construction and restrictive growth of electricity demand in OECD countries may impact the market. Moreover, an ongoing development within the wave & tidal industries is a key opportunity for market. Based on geography, the Asian-Pacific region holds major share in wave and tidal energy market owing to increase in awareness amongst the population, substantial growth of the economy, rise in availability of resources, growth in marine energy technology and developments in open test sites in the region. North-American region is expected to witness higher growth rate due to increase in expansion of the projects across countries, which results in huge electricity cost reduction. Europe is also expected to witness higher growth rate caused by existing infrastructure and the presence of major players over the forecast period. It is estimated that the market will be reached at US $15,291.2 million, by 2023. For more information, click on the link below: Global Wave and Tidal Energy Market Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91 9015378249 Tags: Aquamarine Power Ltd (U.K.) Wave and Tidal Energy Market, Atlantis Resources Ltd (London) Wave and Tidal Energy Market, Carnegie Wave Energy Limited (Australia) Wave and Tidal Energy Market, China Wave And Tidal Energy Market, Europe Wave And Tidal Energy Market, France Wave And Tidal Energy Market, Global Wave and Tidal Energy Industry Research Report, Global Wave and Tidal Energy Market, Global Wave And Tidal Energy Market By Region, Global Wave and Tidal Energy Market Research Report, Growth Strategies Adopted By Key Players in Global Wave & Tidal Energy Market, IHI Corporation (Japan) Wave and Tidal Energy Market, Japan Wave and Tidal Energy Market, Mexico Wave and Tidal Energy Market, North America Wave And Tidal Energy Market, Ocean Power Technologies Inc. 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