Page 1

Global Non-Volatile Memory Market Research Report: Forecast to 2023

Wave and Tidal Energy Market Research Report: Global Forecast till 2024

Page |1

Copyright Š 2017 Market Research Future.


Global Non-Volatile Memory Market Research Report: Forecast to 2023

VIEW REPORT PRESS RELEASE

SAMPLE REPORT

Page |2

Copyright © 2017 Market Research Future.


Global Non-Volatile Memory Market Research Report: Forecast to 2023

Summary Focus on renewable sources of energy to curb pollution is giving rise to the market for wave and tidal energy. Market Research Future (MRFR) has published a research report about the global wave and tidal energy market that observes growth for this market at 17.84% CAGR during the forecast period that would end in 2023. By value, the market has been figured to be worth the US $ 15,291.2 mn by the end of the forecast period. The crucial factors for the global wave and tidal energy market growth include cost-effectiveness, ecofriendly nature, and endless supply. However, the initial cost of installing the plant can be high which can hamper the market growth. And powerplants harnessing the energy from waves or tide can be set only at those places that are near seas or oceans. The concept for wave and tidal energy has evolved over time and has gained a lot of importance in recent times. Waves and tides are naturally occurring events and, generally, the two terms are interchangeably used by many people. However, the two are formed due to an entirely different scientific phenomenon. Tides are formed by the combined effect of the gravitational forces exerted by the sun and the moon and the simultaneous rotation of the earth. Waves are formed by the movement of air above the surface of the ocean, as a portion of the wind's kinetic energy is transferred into the water to form the waves. Fossil fuels witness a high demand due to their scarcity, leading to the rise in the number of exploration and production activities, which increases the environmental concerns. Focus on the development of cleaner power generation technologies, which reduce the environmental impact, drive the global wave & tidal energy market. This remarkable growth market to several influential factors such as the increasing investment in the market towards research and development activities in order to raise the commercial usage of equipment that harness wave and tidal energy. The growing focus on the expansion of cleaner power generation technologies that have a minor environmental impact is expected to fuel the global wave & tidal market over the assessment period. furthermore, as the global economy continues to witness intense growth and restructuring, natural resources are diminishing at alarming rates and irreparable damage is being done to the environment. As a strategy to enhance the production of clean energy, several government authorities are considering the adoption of ocean energy as a long-term method to meet the rising energy demand.

Page |3

Copyright Š 2017 Market Research Future.


Global Non-Volatile Memory Market Research Report: Forecast to 2023

Market Segmentation

The global wave and tidal energy market have been segmented on the basis of type and region. By type, this market has been segmented into wave energy and tidal energy. The tidal energy market has been segmented into tidal range energy and tidal stream that can be contained by barrage construction. The wave energy is expected to observe important market growth throughout the forecast period in terms of capital investment and installed capacity.

Page |4

Copyright Š 2017 Market Research Future.


Global Non-Volatile Memory Market Research Report: Forecast to 2023

Regional Analysis The regional segmentation of the global wave and tidal energy market segments the market into the regional markets known as Asia Pacific, Europe, North America, and rest of the world (RoW). Europe is presently the leading regional market, generating maximum revenue to the global market. During the forecast period, the Europe market is expected to grow further. Europe is the global leader with regards to the development of ocean energy technologies. However, the installation of ocean energy devices is taking place slowly which is reducing the speed of market growth. Many key market players are based in Europe. Prominent country-specific markets in this region are France, Russia, Netherlands, and the United Kingdom (UK). During the forecast period, the market in the Asia Pacific region is expected to rise due to the tidal barrage operations in South Korea. Furthermore, Australia is also expected to contribute to the rising revenue significantly to the market in this region. Another important country-specific market in this region is China. In North America, the market can be expected to rise during the forecast period due to advanced technology needed to set up the necessary infrastructure. The headlining country-specific markets in this region are the United States of America (USA) and Canada. Some of the key market players are based in North America too.

Competitive Landscape The key players in the global wave and tidal energy market include Atlantis Resources Ltd (London), Aquamarine Power Ltd (UK), AW-Energy Oy Ltd (Finland), Carnegie Wave Energy Limited (Australia), IHI Corporation (Japan), Ocean Power Technologies Inc.( USA), Ocean Renewable Power CO LLC (USA), Pelamis Wave Power (Scotland), Tenax Energy (Australia), and YAM PRO Energy (Israel).

Page |5

Copyright Š 2017 Market Research Future.


Global Non-Volatile Memory Market Research Report: Forecast to 2023

Industry Related News •

A leader in offshore wind innovation, Scotland is hosting the Offshore Renewable Energy Catapult innovation center and the world’s first floating offshore wind farm. It has signed a wind pact with New Jersey to save the environment. New Jersey has established a goal of 3,500MW of offshore wind energy by 2030. 7 FEB 2019

Texas-based offshore renewable energy company Excipio Energy has developed a new Articulated Spar Leg (ASL) platform type known as the Excibuoy. Excipio’s floating offshore renewable energy system uses four spar-type legs, each attached by an articulated joint to a common deck. The deck can support the wind turbine. 6 FEB 2019

Page |6

Copyright © 2017 Market Research Future.


Global Non-Volatile Memory Market Research Report: Forecast to 2023

owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.

Page |7

Copyright Š 2017 Market Research Future.

Profile for marketresearchfuture18

Wave and Tidal Energy Market - Business Growth, Comprehensive Analysis 2024  

Market Research Future Published a Research Report on the Global Wave & Tidal Energy Market. The Global Wave & Tidal Energy Market is Expect...

Wave and Tidal Energy Market - Business Growth, Comprehensive Analysis 2024  

Market Research Future Published a Research Report on the Global Wave & Tidal Energy Market. The Global Wave & Tidal Energy Market is Expect...

Advertisement