Global Wave and Tidal Energy Market 2024-2028

The wave and tidal energy market is forecasted to grow by USD 1398.86 mn during 2023-2028, accelerating at a CAGR of 29.47% during the forecast period. The report on the wave and tidal energy market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in global energy demand, rising government support for adoption of renewable energy, and increase in investments in clean energy technologies.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	28.67%
CAGR	29.47%
Incremental Value	$1398.86mn

Technavio's wave and tidal energy market is segmented as below:

By Application

Power generation
Desalination

By Type

Wave Energy
Tidal Energy

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the rising popularity of clean energy technologies as one of the prime reasons driving the wave and tidal energy market growth during the next few years. Also, advancements in energy conversion technologies and growing focus on hybrid and multi-renewable energy systems will lead to sizable demand in the market.

The report on the wave and tidal energy market covers the following areas:

Wave and tidal energy market sizing
Wave and tidal energy market forecast
Wave and tidal energy market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wave and tidal energy market vendors that include Andritz AG, Aquagen Technologies Inc., BioPower Systems Pty Ltd., Blue Energy Canada Inc., Carnegie Clean Energy Ltd., CorPower Ocean, Eco Wave Power Global AB, Mocean Energy Ltd., Nova Innovation Ltd., Ocean Power Technologies Inc., Ocean Renewable Power Co. Inc., Orbital Marine Power, Simec Atlantis Energy Ltd., SINN Power GmbH, SSE Plc, Storage and Display Equipment Ltd., Tenax Energy Solutions, TOCARDO B.V., Verdant Power Inc., and Wello Oy. Also, the wave and tidal energy market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR76942

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global wave and tidal energy market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global wave and tidal energy market 2018 - 2022 ($ million)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Power generation - Market size and forecast 2023-2028
Exhibit 34: Chart on Power generation - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Power generation - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Power generation - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Power generation - Year-over-year growth 2023-2028 (%)
6.4 Desalination - Market size and forecast 2023-2028
Exhibit 38: Chart on Desalination - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Desalination - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Desalination - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Desalination - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ million)
Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 44: Chart on Type - Market share 2023-2028 (%)
Exhibit 45: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 46: Chart on Comparison by Type
Exhibit 47: Data Table on Comparison by Type
7.3 Wave Energy - Market size and forecast 2023-2028
Exhibit 48: Chart on Wave Energy - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Data Table on Wave Energy - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Chart on Wave Energy - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Wave Energy - Year-over-year growth 2023-2028 (%)
7.4 Tidal Energy - Market size and forecast 2023-2028
Exhibit 52: Chart on Tidal Energy - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Tidal Energy - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Tidal Energy - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Tidal Energy - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
Exhibit 56: Market opportunity by Type ($ million)
Exhibit 57: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 60: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 63: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 64: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 UK - Market size and forecast 2023-2028
Exhibit 87: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.10 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.11 France - Market size and forecast 2023-2028
Exhibit 95: Chart on France - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on France - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on France - Year-over-year growth 2023-2028 (%)
9.12 Canada - Market size and forecast 2023-2028
Exhibit 99: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 103: Market opportunity By Geographical Landscape ($ million)
Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Aquagen Technologies Inc.
Exhibit 111: Aquagen Technologies Inc. - Overview
Exhibit 112: Aquagen Technologies Inc. - Product / Service
Exhibit 113: Aquagen Technologies Inc. - Key offerings
12.4 Carnegie Clean Energy Ltd.
Exhibit 114: Carnegie Clean Energy Ltd. - Overview
Exhibit 115: Carnegie Clean Energy Ltd. - Product / Service
Exhibit 116: Carnegie Clean Energy Ltd. - Key offerings
12.5 CorPower Ocean
Exhibit 117: CorPower Ocean - Overview
Exhibit 118: CorPower Ocean - Product / Service
Exhibit 119: CorPower Ocean - Key offerings
12.6 Eco Wave Power Global AB
Exhibit 120: Eco Wave Power Global AB - Overview
Exhibit 121: Eco Wave Power Global AB - Product / Service
Exhibit 122: Eco Wave Power Global AB - Key offerings
12.7 Mocean Energy Ltd.
Exhibit 123: Mocean Energy Ltd. - Overview
Exhibit 124: Mocean Energy Ltd. - Product / Service
Exhibit 125: Mocean Energy Ltd. - Key offerings
12.8 Nova Innovation Ltd.
Exhibit 126: Nova Innovation Ltd. - Overview
Exhibit 127: Nova Innovation Ltd. - Product / Service
Exhibit 128: Nova Innovation Ltd. - Key offerings
12.9 Ocean Power Technologies Inc.
Exhibit 129: Ocean Power Technologies Inc. - Overview
Exhibit 130: Ocean Power Technologies Inc. - Product / Service
Exhibit 131: Ocean Power Technologies Inc. - Key offerings
12.10 Ocean Renewable Power Co. Inc.
Exhibit 132: Ocean Renewable Power Co. Inc. - Overview
Exhibit 133: Ocean Renewable Power Co. Inc. - Product / Service
Exhibit 134: Ocean Renewable Power Co. Inc. - Key offerings
12.11 Orbital Marine Power
Exhibit 135: Orbital Marine Power - Overview
Exhibit 136: Orbital Marine Power - Product / Service
Exhibit 137: Orbital Marine Power - Key offerings
12.12 Simec Atlantis Energy Ltd.
Exhibit 138: Simec Atlantis Energy Ltd. - Overview
Exhibit 139: Simec Atlantis Energy Ltd. - Product / Service
Exhibit 140: Simec Atlantis Energy Ltd. - Key offerings
12.13 SINN Power GmbH
Exhibit 141: SINN Power GmbH - Overview
Exhibit 142: SINN Power GmbH - Product / Service
Exhibit 143: SINN Power GmbH - Key offerings
12.14 Storage and Display Equipment Ltd.
Exhibit 144: Storage and Display Equipment Ltd. - Overview
Exhibit 145: Storage and Display Equipment Ltd. - Product / Service
Exhibit 146: Storage and Display Equipment Ltd. - Key offerings
12.15 Tenax Energy Solutions
Exhibit 147: Tenax Energy Solutions - Overview
Exhibit 148: Tenax Energy Solutions - Product / Service
Exhibit 149: Tenax Energy Solutions - Key offerings
12.16 Verdant Power Inc.
Exhibit 150: Verdant Power Inc. - Overview
Exhibit 151: Verdant Power Inc. - Product / Service
Exhibit 152: Verdant Power Inc. - Key offerings
12.17 Wello Oy
Exhibit 153: Wello Oy - Overview
Exhibit 154: Wello Oy - Product / Service
Exhibit 155: Wello Oy - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 156: Inclusions checklist
Exhibit 157: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 158: Currency conversion rates for US$
13.4 Research methodology
Exhibit 159: Research methodology
Exhibit 160: Validation techniques employed for market sizing
Exhibit 161: Information sources
13.5 List of abbreviations
Exhibit 162: List of abbreviations