Market Highlights
The ocean energy conversion to electricity could play an important role in meeting the rising global energy demand, mitigating climate change, diversifying global energy supply and boosting energy industry economic activity. Wave energy is generated when the wind blows over the ocean’s surface, which itself is a function of temperature and pressure differences across the globe caused by the distribution of solar energy from the Sun. Wave energy carries both kinetic and gravitational potential energy, the level of which is a function of both the height and period of the wave. Harnessing this energy using a wave energy convertor (WEC) can in turn generate electricity that can be supplied to remote coastal regions that cannot be connected to the grid.
On the other hand, oceanic tides are the function of the motion of the moon and sun relative to the earth. These gravitational forces in combination with the rotation of the earth on its axis cause periodic movements of the oceans and seas. The energy potential of tidal currents is typically located in areas with the greatest tidal range.
The market has been analyzed based on types, and by regions. On the basis of type, the global tidal and wave energy market has been segmented as wave and tidal energy. The global tidal energy is further segmented into tidal stream energy and tidal range energy. The tidal energy is a mature form of energy and requires construction of tidal barrages.
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Key Players:
The major players operating in wave and tidal energy market are
- Pelamis Wave Power. (UK),
- Tenax Energy (Australia),
- Atlantis Resources Ltd (UK),
- Aquamarine Power Ltd. (UK),
- Carnegie Wave Energy Limited (Australia),
- Ocean Power Technologies Inc., (U.S.),
- Marine Current Turbines Ltd, (U.K),
- Ocean Renewable Power CO Llc (U.S.)
- Yam Pro Energy (Israel).
Market Research Analysis
The wave and tidal technology is increasingly implemented in generating power for remote regions that cannot be connected to the grid. Large scale deployment of wave and tidal energy will result in increased cost reduction and wide deployment. With the development of energy converter technology, wave and tidal stream technologies have significant potential of reaping benefits of large scale deployment. There is a wide variety of wave and tidal energy technologies resulting from the different ways, in which energy can be absorbed from the waves and depending on the water depth and the location such as shoreline, near-shore and offshore.
Intended Audience:
- Distributer & Supplier companies
- End Users
- Conxsultants and Investment bankers
- Government as well as Independent Regulatory Authorities
Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Wave And Tidal Energy Market, By Type
4.1 Introduction
4.2 Wave Energy
4.3 Tidal Energy
5 Regional Market Analysis
Continue……
List of Figures
Figure 1 Research Application
Figure 2 Global Wave And Tidal Energy Market: By Type (%)
Figure 3 Global Wave And Tidal Energy Market: By Region
Figure 4 North America Wave And Tidal Energy Market, By Type (%)
Figure 5 North America Wave And Tidal Energy Market, By Countries (%)
Figure 6 Europe Wave And Tidal Energy Market, By Type (%)
Figure 7 Europe Wave And Tidal Energy Market, By Countries (%)
Figure 8 Asia-Pacific Wave And Tidal Energy Market, By Type (%)
Figure 9 Asia-Pacific Wave And Tidal Energy Market, By Countries (%)
Figure 10 Row Wave And Tidal Energy Market, By Type (%)
Continue……
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