Portland, OR -- (SBWire) -- 07/31/2017 --Ocean energy is divided into wave energy, tidal energy, and thermal energy. Wave and tidal energies are obtained by harnessing the power of tides and waves. Waves and tides are a constant source of energy due to the gravitational force of the Earth, Sun, and Moon.
Tidal energy generators located underwater, are used for converting the kinetic energy of tides into tidal energy. These generators are set up in areas where high tidal movements are experienced. The electricity thus generated is stored for further use. The global solar energy market is expected to grow at a CAGR of 25.0% from 2017 to 2025.
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Based on the energy type, the market is divided into wave energy and tidal energy. Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific, and LAMEA.
Market Dynamics:
Drivers:
- Harnessing wave and tidal energies is a rather convenient way to generate power for remote areas.
- Being cost effective and renewable sources of energy encourages the deployment of wind and tidal energies.
- Government schemes and policies supporting the use of renewable resources and promoting reduction in the use of nonrenewable energy sources to prevent further environmental pollution and depletion of fossil fuels.
Restraints:
- Low technical development is expected to hinder market growth during the forecast period.
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Market Players:
The top players in the global wave and tidal energy market include Ocean Power Technologies, Inc., Marine Current Turbines Ltd., Atlantis Resources Ltd., Ocean Renewable Power Company LLC, Wave Power Ltd., Tenax Energy Solutions LLC, S.D.E. Energy Ltd., Carnegie Wave Energy Ltd., Aquamarine Power Ltd., and AquaGen Technologies.
Key Point from Table of Content
1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis
2. Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
3.2.1. Impact Analysis
3.3. Porter's Analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global Wave & Tidal Energy Market Shares Analysis, 2014-2025
3.4.1. Global wave & tidal energy market share by energy type, 2014-2025
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6. Company profiles
6.1. Aquamarine Power Ltd.
6.1.1. Overview
6.1.2. Financials and business segments
6.1.3. Recent developments
6.2. AquaGen Technologies
6.2.1. Overview
Continue…
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Market Landscape by Energy Type
- Wave Energy
- Tidal Energy
Market Landscape by Geography
- North America
o U.S.
o Canada
o Mexico
- Europe
o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe
- Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
- LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
Wave and Tidal Energy Market Definition - Deployment Strategy, Global Share, Industrial Advantages and Disadvantages Analysis
Global Wave and Tidal Energy Market Overview