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Global Tidal Energy Market

Global Tidal Energy Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Report ID: MS-1546 |   Energy and Natural Resources |  Last updated: Jul, 2024 |  Formats*:

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The Tidal Energy market is experiencing robust expansion, with market size projected to increase from XX billion in 2024 to xx billion by 2030, demonstrating a consistent year-over-year growth rate of 8.88%. Tidal Energy Market Size, Share, Competitive Landscape and Trend Analysis Report, , And regions (North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa)) : Industry Forecast and Opportunity Analysis for 2024 - 2030

Tidal energy is a renewable energy and one of the energies acquired from the kinetic energy produced by ocean tides. It deals with the ebb and flow of tidal waters in producing electricity. Mostly, it works through devices like tidal turbines, working on the same basis as a wind turbine system: the kinetic energy of the moving water turns into rotational energy that feeds generators. This includes developing, installing, and operating tidal energy projects; moreover, the technologies, infrastructures, and services associated with harnessing this renewable resource. Much at an infant stage compared to other forms of renewable energy sources, such as solar and wind, tidal energy still has high prospects to feature significantly in the mix for a sustainable future with energy, particularly in the coastal areas with strong tides. Global Tidal Energy Market Dynamics and Forecast to 2030 – Analysis of industry trends, market size, and growth opportunities in renewable energy

Tidal Energy Report Highlights

Report MetricsDetails
Forecast period2019-2030
Base Year Of Estimation2023
Growth RateCAGR of 8.88%
Key Market Players
  • Sabella
  • Naval Energies (france)
  • Green Power Solutions (India) 
  • Envirotek Pte Ltd (Singapore )
  • Atlantis Resources Ltd.
  • Tidal Energy Ltd. (TEL) (U.K)
  • SBS Intl Ltd (U.K.)
  • Tidal Bridge B.V.( Netherlands
By Region
  • North America(United States.Canada.Mexico)
  • South America(Brazil.Argentina.Chile.Rest of South America)
  • Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe)
  • Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific)
  • MEA(Middle East.Africa)

Tidal Energy Market Leading Players

The key players profiled in the report are Sabella, Naval Energies (france), Green Power Solutions (India) , Envirotek Pte Ltd (Singapore ), Atlantis Resources Ltd., Tidal Energy Ltd. (TEL) (U.K), SBS Intl Ltd (U.K.), Tidal Bridge B.V.( Netherlands

Growth Accelerators

The growing global demand for clean and renewable sources of energy drives the tide energy market. It is one of the alternatives to fossil fuels in countries' quest to trim down the level involved in greenhouse gas emissions and slow down global climate change. Unlike wind and solar power, which are intermittent sources, the tides are expected to provide a stable supply because of their continuous, almost accurately predictable currents. Moreover, the added potential of energy storage by pumped hydroelectric storage systems with tidal power plants enhances its attractiveness as a baseload generator. Government policies and fiscal incentives are strong drivers of market growth. Tighter environmental legislation, carbon pricing at a premium, and accelerating the sea surroundings for tidal energy projects expedite the process. Similarly, technological improvements in the design of turbines, materials, and energy conversion efficiency are creating more commercial spaces for tidal energy.

Tidal Energy Market Segmentation analysis

The Global Tidal Energy is segmented by and Region.
. Geographically, the market is assessed across key Regions like North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa) and others, each presenting distinct growth opportunities and challenges influenced by the regions.

Competitive Landscape

The tidal energy market is dominated by a few players; hence, the competitive environment remains dynamic and competitive. Technological innovation, cost reduction, and winning the best sites for projects are in the pipeline of industry major players. The market is highly fragmented, with firms competing on several aspects such as turbine design, energy conversion efficiency, and the kind of grid integration capabilities. Participants in this industry often adopt collaboration and partnerships to diffuse risks and quicken project development. Government policy, regulatory frameworks, and financial incentives seem to have a very large role in developing a competitive landscape. Although immense in its tidal energy potential, the sector has huge capital costs, environmental and other related issues, and complications of grid connection. Consolidation amongst players could well happen as the market matures, thereby making the competitive landscape less fragmented.

Challenges In Tidal Energy Market

A few major issues slow down the mass application of the tidal energy market. One of the most crucial ones is the relatively high capital cost of the development and deployment of tidal energy projects. This environment is complex, which underscores the need for solid and resilient infrastructures; as a result, installations may be very expensive to construct and maintain. Another challenge would be that the power itself is intermittent in nature, on account of the ebb and flow of tides, hence integration problems with grids and energy storage. strong tidal currents. While there are a number of sites around the world, geographical constraints such as these do limit the potential market for tidal energy. Further, the relatively infant stage of tidal technology compared with other forms of renewable energy has resulted in a limited supply chain and a dearth of skilled workers. In this regard, developing a robust supply chain and building up expertise will be of immense value in developing the Tidal Energy Market.

Key Target Audience

Governments and regulatory agencies in target markets working to rebalance respective portfolios towards renewable energy targets are the main players for the tidal energy market. Policies, incentives, and grid integration support by these stakeholders are of prime importance in this market. Utility companies and energy providers form a second vital part of assessing the prospects of tidal energy in diversifying their energy mix to meet the increasing electricity demand.,, The tidal energy market is of huge interest not only to the classic energy industry but also to a wide array of environmental organizations and sustainability-focused businesses. These players know the roles tidal energy can play in laying down a low-carbon economy and diminishing climate change impacts. This refers not only to the potential creation of jobs and the stimulation of economic growth from the deployment of tidal energy but also to the associated improvement in energy security within the coastal communities and their local businesses.

Merger and acquisition

This relatively young sector has witnessed its share of merger and acquisition activities. More often than not, the rationale behind such deals is essentially centred on consolidating experience and sharing resources with an eye towards speeding up the development of technologies related to tidal energy. Every company has hunted for partners who can help lower the high price tag associated with research, development, and deployment of projects related to tidal energy. Compared to other renewable energy sectors, like solar and wind, the tidal energy market has had fewer high-profile mergers and acquisitions. This could be due to the fact that this industry has a smaller market size and also that tidal energy projects require huge capital investments along with technical expertise in complex projects. The more that the industry matures and the evident commercial viability of tidal energy, the more active merger and acquisition landscape will come.
Table of content
1: Introduction
  • 1.1 Report description
  • 1.2 Key market segments
  • 1.3 Key benefits to the stakeholders

2: Executive Summary
  • 2.1 Tidal Energy- Snapshot
  • 2.2 Tidal Energy- Segment Snapshot
  • 2.3 Tidal Energy- Competitive Landscape Snapshot

3: Market Overview
  • 3.1 Market definition and scope
  • 3.2 Key findings
    • 3.2.1 Top impacting factors
    • 3.2.2 Top investment pockets
  • 3.3 Porter’s five forces analysis
    • 3.3.1 Low bargaining power of suppliers
    • 3.3.2 Low threat of new entrants
    • 3.3.3 Low threat of substitutes
    • 3.3.4 Low intensity of rivalry
    • 3.3.5 Low bargaining power of buyers
  • 3.4 Market dynamics
    • 3.4.1 Drivers
    • 3.4.2 Restraints
    • 3.4.3 Opportunities

4: Tidal Energy Market by Foundation
  • 4.1 Overview
    • 4.1.1 Market size and forecast
  • 4.2 Barrage
    • 4.2.1 Key market trends, factors driving growth, and opportunities
    • 4.2.2 Market size and forecast, by region
    • 4.2.3 Market share analysis by country
  • 4.3 Gravity Base
    • 4.3.1 Key market trends, factors driving growth, and opportunities
    • 4.3.2 Market size and forecast, by region
    • 4.3.3 Market share analysis by country
  • 4.4 Monopile
    • 4.4.1 Key market trends, factors driving growth, and opportunities
    • 4.4.2 Market size and forecast, by region
    • 4.4.3 Market share analysis by country
  • 4.5 Semi-submersible
    • 4.5.1 Key market trends, factors driving growth, and opportunities
    • 4.5.2 Market size and forecast, by region
    • 4.5.3 Market share analysis by country
  • 4.6 Others
    • 4.6.1 Key market trends, factors driving growth, and opportunities
    • 4.6.2 Market size and forecast, by region
    • 4.6.3 Market share analysis by country

5: Tidal Energy Market by Capacity
  • 5.1 Overview
    • 5.1.1 Market size and forecast
  • 5.2 Up to 100 kw
    • 5.2.1 Key market trends, factors driving growth, and opportunities
    • 5.2.2 Market size and forecast, by region
    • 5.2.3 Market share analysis by country
  • 5.3 100 kw to 500 kw
    • 5.3.1 Key market trends, factors driving growth, and opportunities
    • 5.3.2 Market size and forecast, by region
    • 5.3.3 Market share analysis by country
  • 5.4 Above
    • 5.4.1 Key market trends, factors driving growth, and opportunities
    • 5.4.2 Market size and forecast, by region
    • 5.4.3 Market share analysis by country

6: Tidal Energy Market by Depth of Installation
  • 6.1 Overview
    • 6.1.1 Market size and forecast
  • 6.2 Shallow Water
    • 6.2.1 Key market trends, factors driving growth, and opportunities
    • 6.2.2 Market size and forecast, by region
    • 6.2.3 Market share analysis by country
  • 6.3 Transitional Water
    • 6.3.1 Key market trends, factors driving growth, and opportunities
    • 6.3.2 Market size and forecast, by region
    • 6.3.3 Market share analysis by country
  • 6.4 Deep Water
    • 6.4.1 Key market trends, factors driving growth, and opportunities
    • 6.4.2 Market size and forecast, by region
    • 6.4.3 Market share analysis by country

7: Tidal Energy Market by Region
  • 7.1 Overview
    • 7.1.1 Market size and forecast By Region
  • 7.2 North America
    • 7.2.1 Key trends and opportunities
    • 7.2.2 Market size and forecast, by Type
    • 7.2.3 Market size and forecast, by Application
    • 7.2.4 Market size and forecast, by country
      • 7.2.4.1 United States
        • 7.2.4.1.1 Key market trends, factors driving growth, and opportunities
        • 7.2.4.1.2 Market size and forecast, by Type
        • 7.2.4.1.3 Market size and forecast, by Application
      • 7.2.4.2 Canada
        • 7.2.4.2.1 Key market trends, factors driving growth, and opportunities
        • 7.2.4.2.2 Market size and forecast, by Type
        • 7.2.4.2.3 Market size and forecast, by Application
      • 7.2.4.3 Mexico
        • 7.2.4.3.1 Key market trends, factors driving growth, and opportunities
        • 7.2.4.3.2 Market size and forecast, by Type
        • 7.2.4.3.3 Market size and forecast, by Application
  • 7.3 South America
    • 7.3.1 Key trends and opportunities
    • 7.3.2 Market size and forecast, by Type
    • 7.3.3 Market size and forecast, by Application
    • 7.3.4 Market size and forecast, by country
      • 7.3.4.1 Brazil
        • 7.3.4.1.1 Key market trends, factors driving growth, and opportunities
        • 7.3.4.1.2 Market size and forecast, by Type
        • 7.3.4.1.3 Market size and forecast, by Application
      • 7.3.4.2 Argentina
        • 7.3.4.2.1 Key market trends, factors driving growth, and opportunities
        • 7.3.4.2.2 Market size and forecast, by Type
        • 7.3.4.2.3 Market size and forecast, by Application
      • 7.3.4.3 Chile
        • 7.3.4.3.1 Key market trends, factors driving growth, and opportunities
        • 7.3.4.3.2 Market size and forecast, by Type
        • 7.3.4.3.3 Market size and forecast, by Application
      • 7.3.4.4 Rest of South America
        • 7.3.4.4.1 Key market trends, factors driving growth, and opportunities
        • 7.3.4.4.2 Market size and forecast, by Type
        • 7.3.4.4.3 Market size and forecast, by Application
  • 7.4 Europe
    • 7.4.1 Key trends and opportunities
    • 7.4.2 Market size and forecast, by Type
    • 7.4.3 Market size and forecast, by Application
    • 7.4.4 Market size and forecast, by country
      • 7.4.4.1 Germany
        • 7.4.4.1.1 Key market trends, factors driving growth, and opportunities
        • 7.4.4.1.2 Market size and forecast, by Type
        • 7.4.4.1.3 Market size and forecast, by Application
      • 7.4.4.2 France
        • 7.4.4.2.1 Key market trends, factors driving growth, and opportunities
        • 7.4.4.2.2 Market size and forecast, by Type
        • 7.4.4.2.3 Market size and forecast, by Application
      • 7.4.4.3 Italy
        • 7.4.4.3.1 Key market trends, factors driving growth, and opportunities
        • 7.4.4.3.2 Market size and forecast, by Type
        • 7.4.4.3.3 Market size and forecast, by Application
      • 7.4.4.4 United Kingdom
        • 7.4.4.4.1 Key market trends, factors driving growth, and opportunities
        • 7.4.4.4.2 Market size and forecast, by Type
        • 7.4.4.4.3 Market size and forecast, by Application
      • 7.4.4.5 Benelux
        • 7.4.4.5.1 Key market trends, factors driving growth, and opportunities
        • 7.4.4.5.2 Market size and forecast, by Type
        • 7.4.4.5.3 Market size and forecast, by Application
      • 7.4.4.6 Nordics
        • 7.4.4.6.1 Key market trends, factors driving growth, and opportunities
        • 7.4.4.6.2 Market size and forecast, by Type
        • 7.4.4.6.3 Market size and forecast, by Application
      • 7.4.4.7 Rest of Europe
        • 7.4.4.7.1 Key market trends, factors driving growth, and opportunities
        • 7.4.4.7.2 Market size and forecast, by Type
        • 7.4.4.7.3 Market size and forecast, by Application
  • 7.5 Asia Pacific
    • 7.5.1 Key trends and opportunities
    • 7.5.2 Market size and forecast, by Type
    • 7.5.3 Market size and forecast, by Application
    • 7.5.4 Market size and forecast, by country
      • 7.5.4.1 China
        • 7.5.4.1.1 Key market trends, factors driving growth, and opportunities
        • 7.5.4.1.2 Market size and forecast, by Type
        • 7.5.4.1.3 Market size and forecast, by Application
      • 7.5.4.2 Japan
        • 7.5.4.2.1 Key market trends, factors driving growth, and opportunities
        • 7.5.4.2.2 Market size and forecast, by Type
        • 7.5.4.2.3 Market size and forecast, by Application
      • 7.5.4.3 India
        • 7.5.4.3.1 Key market trends, factors driving growth, and opportunities
        • 7.5.4.3.2 Market size and forecast, by Type
        • 7.5.4.3.3 Market size and forecast, by Application
      • 7.5.4.4 South Korea
        • 7.5.4.4.1 Key market trends, factors driving growth, and opportunities
        • 7.5.4.4.2 Market size and forecast, by Type
        • 7.5.4.4.3 Market size and forecast, by Application
      • 7.5.4.5 Australia
        • 7.5.4.5.1 Key market trends, factors driving growth, and opportunities
        • 7.5.4.5.2 Market size and forecast, by Type
        • 7.5.4.5.3 Market size and forecast, by Application
      • 7.5.4.6 Southeast Asia
        • 7.5.4.6.1 Key market trends, factors driving growth, and opportunities
        • 7.5.4.6.2 Market size and forecast, by Type
        • 7.5.4.6.3 Market size and forecast, by Application
      • 7.5.4.7 Rest of Asia-Pacific
        • 7.5.4.7.1 Key market trends, factors driving growth, and opportunities
        • 7.5.4.7.2 Market size and forecast, by Type
        • 7.5.4.7.3 Market size and forecast, by Application
  • 7.6 MEA
    • 7.6.1 Key trends and opportunities
    • 7.6.2 Market size and forecast, by Type
    • 7.6.3 Market size and forecast, by Application
    • 7.6.4 Market size and forecast, by country
      • 7.6.4.1 Middle East
        • 7.6.4.1.1 Key market trends, factors driving growth, and opportunities
        • 7.6.4.1.2 Market size and forecast, by Type
        • 7.6.4.1.3 Market size and forecast, by Application
      • 7.6.4.2 Africa
        • 7.6.4.2.1 Key market trends, factors driving growth, and opportunities
        • 7.6.4.2.2 Market size and forecast, by Type
        • 7.6.4.2.3 Market size and forecast, by Application
8: Competitive Landscape
  • 8.1 Overview
  • 8.2 Key Winning Strategies
  • 8.3 Top 10 Players: Product Mapping
  • 8.4 Competitive Analysis Dashboard
  • 8.5 Market Competition Heatmap
  • 8.6 Leading Player Positions, 2022

9: Company Profiles
  • 9.1 Sabella
    • 9.1.1 Company Overview
    • 9.1.2 Key Executives
    • 9.1.3 Company snapshot
    • 9.1.4 Active Business Divisions
    • 9.1.5 Product portfolio
    • 9.1.6 Business performance
    • 9.1.7 Major Strategic Initiatives and Developments
  • 9.2 Naval Energies (france)
    • 9.2.1 Company Overview
    • 9.2.2 Key Executives
    • 9.2.3 Company snapshot
    • 9.2.4 Active Business Divisions
    • 9.2.5 Product portfolio
    • 9.2.6 Business performance
    • 9.2.7 Major Strategic Initiatives and Developments
  • 9.3 Green Power Solutions (India) 
    • 9.3.1 Company Overview
    • 9.3.2 Key Executives
    • 9.3.3 Company snapshot
    • 9.3.4 Active Business Divisions
    • 9.3.5 Product portfolio
    • 9.3.6 Business performance
    • 9.3.7 Major Strategic Initiatives and Developments
  • 9.4 Envirotek Pte Ltd (Singapore )
    • 9.4.1 Company Overview
    • 9.4.2 Key Executives
    • 9.4.3 Company snapshot
    • 9.4.4 Active Business Divisions
    • 9.4.5 Product portfolio
    • 9.4.6 Business performance
    • 9.4.7 Major Strategic Initiatives and Developments
  • 9.5 Atlantis Resources Ltd.
    • 9.5.1 Company Overview
    • 9.5.2 Key Executives
    • 9.5.3 Company snapshot
    • 9.5.4 Active Business Divisions
    • 9.5.5 Product portfolio
    • 9.5.6 Business performance
    • 9.5.7 Major Strategic Initiatives and Developments
  • 9.6 Tidal Energy Ltd. (TEL) (U.K)
    • 9.6.1 Company Overview
    • 9.6.2 Key Executives
    • 9.6.3 Company snapshot
    • 9.6.4 Active Business Divisions
    • 9.6.5 Product portfolio
    • 9.6.6 Business performance
    • 9.6.7 Major Strategic Initiatives and Developments
  • 9.7 SBS Intl Ltd (U.K.)
    • 9.7.1 Company Overview
    • 9.7.2 Key Executives
    • 9.7.3 Company snapshot
    • 9.7.4 Active Business Divisions
    • 9.7.5 Product portfolio
    • 9.7.6 Business performance
    • 9.7.7 Major Strategic Initiatives and Developments
  • 9.8 Tidal Bridge B.V.( Netherlands
    • 9.8.1 Company Overview
    • 9.8.2 Key Executives
    • 9.8.3 Company snapshot
    • 9.8.4 Active Business Divisions
    • 9.8.5 Product portfolio
    • 9.8.6 Business performance
    • 9.8.7 Major Strategic Initiatives and Developments

10: Analyst Perspective and Conclusion
  • 10.1 Concluding Recommendations and Analysis
  • 10.2 Strategies for Market Potential

Scope of Report
Aspects Details
By Foundation
  • Barrage
  • Gravity Base
  • Monopile
  • Semi-submersible
  • Others
By Capacity
  • Up to 100 kw
  • 100 kw to 500 kw
  • Above
By Depth of Installation
  • Shallow Water
  • Transitional Water
  • Deep Water

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