Tidal Power Generation Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Turbines, which are located in the course of running water, are used to generate tidal power. The water's kinetic energy is converted into electrical energy via the turbines. Tidal power is significant since it is a renewable resource that emits no pollutants. The natural rise and fall of ocean tides or seawater levels is powered by the interaction of gravitational forces between the moon and the sun. The rise and fall of the tides can be used to generate electricity or for other purposes. Some technologies, such as tidal barrages and turbines, are submerged in the ocean and use kinetic energy generated by the rise and fall of the tides or by the difference in water levels to generate considerable amounts of power.
MARKET DYNAMICS
Tidal power facilities that use cutting-edge technology have been able to generate electricity at cheaper costs than other renewable energy sources like wind and solar. This feature is expected to boost their market share in industrial applications in emerging nations, which are also important manufacturing centres for these turbines. In addition, government policies that encourage large-scale foreign investment will help the business expand in the next years. For example, the Operationally Critical Infrastructure (OCC) Protection Program, a government project led by the U.S. Department of Homeland Security, protects critical infrastructure.
MARKET SCOPE
The "Global Tidal Power Generation Equipment Market Analysis to 2031" is a specialized and in-depth study of the tidal power generation equipment market with a special focus on the global market trend analysis. The report aims to provide an overview of the tidal power generation equipment market with detailed market segmentation by type, application, and geography. The global tidal power generation equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading tidal power generation equipment market players and offers key trends and opportunities in the tidal power generation equipment market.
MARKET SEGMENTATION
The global tidal power generation equipment market is segmented based on type and application. Based on type, tidal power generation equipment market is segmented into single-library unidirectional station, single-library bi-directional station and double-library bi-directional station. Based on application, tidal power generation equipment market is segmented into industrial and commercial application.
IMPACT OF COVID-19 ON TIDAL POWER GENERATION EQUIPMENT MARKET
The COVID-19 pandemic had an influence on the tidal power market, causing delays in project completion. For example, due to the pandemic, the United Kingdom and India's recent demonstrated tidal power study project in India's Sunderban region was halted. Due to the global energy transition toward renewables and the introduction of new technologies in many developed nations, the industry is expected to rise in the future. However, the market is heavily hindered due to the technology's excessive pricing and environmental concerns.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Tidal Power Generation Equipment Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Tidal Power Generation Equipment Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Tidal Power Generation Equipment Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the tidal power generation equipment market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Tidal Power Generation Equipment Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Tidal Power Generation Equipment Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Tidal Power Generation Equipment Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the tidal power generation equipment market in these regions.
MARKET PLAYERS
The reports cover key developments in the tidal power generation equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from tidal power generation equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for tidal power generation equipment market. Below mentioned is the list of few companies engaged in the tidal power generation equipment market.
The report also includes the profiles of key tidal power generation equipment market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Tidal Energy
- Atlantis Resources
- Ocean Power Technologies
- Tenax Energy
- AquaGen Technologies
- Ocean Renewable Power
- S.D.E. Energy
- Marine Current Turbines
- Aquamarine Power
- Alternative Energy
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Tidal Power Generation Equipment Market - By Type
1.3.2 Tidal Power Generation Equipment Market - By Application
1.3.3 Tidal Power Generation Equipment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TIDAL POWER GENERATION EQUIPMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. TIDAL POWER GENERATION EQUIPMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. TIDAL POWER GENERATION EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. TIDAL POWER GENERATION EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. TIDAL POWER GENERATION EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TIDAL POWER GENERATION EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SINGLE-LIBRARY UNIDIRECTIONAL STATION
7.3.1. Overview
7.3.2. Single-library Unidirectional Station Market Forecast and Analysis
7.4. SINGLE-LIBRARY BI-DIRECTIONAL STATION
7.4.1. Overview
7.4.2. Single-library Bi-directional Station Market Forecast and Analysis
7.5. DOUBLE-LIBRARY BI-DIRECTIONAL STATION
7.5.1. Overview
7.5.2. Double-library Bi-directional Station Market Forecast and Analysis
8. TIDAL POWER GENERATION EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. INDUSTRIAL APPLICATION
8.3.1. Overview
8.3.2. Industrial Application Market Forecast and Analysis
8.4. COMMERCIAL APPLICATION
8.4.1. Overview
8.4.2. Commercial Application Market Forecast and Analysis
9. TIDAL POWER GENERATION EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Tidal Power Generation Equipment Market Overview
9.1.2 North America Tidal Power Generation Equipment Market Forecasts and Analysis
9.1.3 North America Tidal Power Generation Equipment Market Forecasts and Analysis - By Type
9.1.4 North America Tidal Power Generation Equipment Market Forecasts and Analysis - By Application
9.1.5 North America Tidal Power Generation Equipment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Tidal Power Generation Equipment Market
9.1.5.1.1 United States Tidal Power Generation Equipment Market by Type
9.1.5.1.2 United States Tidal Power Generation Equipment Market by Application
9.1.5.2 Canada Tidal Power Generation Equipment Market
9.1.5.2.1 Canada Tidal Power Generation Equipment Market by Type
9.1.5.2.2 Canada Tidal Power Generation Equipment Market by Application
9.1.5.3 Mexico Tidal Power Generation Equipment Market
9.1.5.3.1 Mexico Tidal Power Generation Equipment Market by Type
9.1.5.3.2 Mexico Tidal Power Generation Equipment Market by Application
9.2. EUROPE
9.2.1 Europe Tidal Power Generation Equipment Market Overview
9.2.2 Europe Tidal Power Generation Equipment Market Forecasts and Analysis
9.2.3 Europe Tidal Power Generation Equipment Market Forecasts and Analysis - By Type
9.2.4 Europe Tidal Power Generation Equipment Market Forecasts and Analysis - By Application
9.2.5 Europe Tidal Power Generation Equipment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Tidal Power Generation Equipment Market
9.2.5.1.1 Germany Tidal Power Generation Equipment Market by Type
9.2.5.1.2 Germany Tidal Power Generation Equipment Market by Application
9.2.5.2 France Tidal Power Generation Equipment Market
9.2.5.2.1 France Tidal Power Generation Equipment Market by Type
9.2.5.2.2 France Tidal Power Generation Equipment Market by Application
9.2.5.3 Italy Tidal Power Generation Equipment Market
9.2.5.3.1 Italy Tidal Power Generation Equipment Market by Type
9.2.5.3.2 Italy Tidal Power Generation Equipment Market by Application
9.2.5.4 United Kingdom Tidal Power Generation Equipment Market
9.2.5.4.1 United Kingdom Tidal Power Generation Equipment Market by Type
9.2.5.4.2 United Kingdom Tidal Power Generation Equipment Market by Application
9.2.5.5 Russia Tidal Power Generation Equipment Market
9.2.5.5.1 Russia Tidal Power Generation Equipment Market by Type
9.2.5.5.2 Russia Tidal Power Generation Equipment Market by Application
9.2.5.6 Rest of Europe Tidal Power Generation Equipment Market
9.2.5.6.1 Rest of Europe Tidal Power Generation Equipment Market by Type
9.2.5.6.2 Rest of Europe Tidal Power Generation Equipment Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Tidal Power Generation Equipment Market Overview
9.3.2 Asia-Pacific Tidal Power Generation Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Tidal Power Generation Equipment Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Tidal Power Generation Equipment Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Tidal Power Generation Equipment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Tidal Power Generation Equipment Market
9.3.5.1.1 Australia Tidal Power Generation Equipment Market by Type
9.3.5.1.2 Australia Tidal Power Generation Equipment Market by Application
9.3.5.2 China Tidal Power Generation Equipment Market
9.3.5.2.1 China Tidal Power Generation Equipment Market by Type
9.3.5.2.2 China Tidal Power Generation Equipment Market by Application
9.3.5.3 India Tidal Power Generation Equipment Market
9.3.5.3.1 India Tidal Power Generation Equipment Market by Type
9.3.5.3.2 India Tidal Power Generation Equipment Market by Application
9.3.5.4 Japan Tidal Power Generation Equipment Market
9.3.5.4.1 Japan Tidal Power Generation Equipment Market by Type
9.3.5.4.2 Japan Tidal Power Generation Equipment Market by Application
9.3.5.5 South Korea Tidal Power Generation Equipment Market
9.3.5.5.1 South Korea Tidal Power Generation Equipment Market by Type
9.3.5.5.2 South Korea Tidal Power Generation Equipment Market by Application
9.3.5.6 Rest of Asia-Pacific Tidal Power Generation Equipment Market
9.3.5.6.1 Rest of Asia-Pacific Tidal Power Generation Equipment Market by Type
9.3.5.6.2 Rest of Asia-Pacific Tidal Power Generation Equipment Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Tidal Power Generation Equipment Market Overview
9.4.2 Middle East and Africa Tidal Power Generation Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Tidal Power Generation Equipment Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Tidal Power Generation Equipment Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Tidal Power Generation Equipment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Tidal Power Generation Equipment Market
9.4.5.1.1 South Africa Tidal Power Generation Equipment Market by Type
9.4.5.1.2 South Africa Tidal Power Generation Equipment Market by Application
9.4.5.2 Saudi Arabia Tidal Power Generation Equipment Market
9.4.5.2.1 Saudi Arabia Tidal Power Generation Equipment Market by Type
9.4.5.2.2 Saudi Arabia Tidal Power Generation Equipment Market by Application
9.4.5.3 U.A.E Tidal Power Generation Equipment Market
9.4.5.3.1 U.A.E Tidal Power Generation Equipment Market by Type
9.4.5.3.2 U.A.E Tidal Power Generation Equipment Market by Application
9.4.5.4 Rest of Middle East and Africa Tidal Power Generation Equipment Market
9.4.5.4.1 Rest of Middle East and Africa Tidal Power Generation Equipment Market by Type
9.4.5.4.2 Rest of Middle East and Africa Tidal Power Generation Equipment Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Tidal Power Generation Equipment Market Overview
9.5.2 South and Central America Tidal Power Generation Equipment Market Forecasts and Analysis
9.5.3 South and Central America Tidal Power Generation Equipment Market Forecasts and Analysis - By Type
9.5.4 South and Central America Tidal Power Generation Equipment Market Forecasts and Analysis - By Application
9.5.5 South and Central America Tidal Power Generation Equipment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Tidal Power Generation Equipment Market
9.5.5.1.1 Brazil Tidal Power Generation Equipment Market by Type
9.5.5.1.2 Brazil Tidal Power Generation Equipment Market by Application
9.5.5.2 Argentina Tidal Power Generation Equipment Market
9.5.5.2.1 Argentina Tidal Power Generation Equipment Market by Type
9.5.5.2.2 Argentina Tidal Power Generation Equipment Market by Application
9.5.5.3 Rest of South and Central America Tidal Power Generation Equipment Market
9.5.5.3.1 Rest of South and Central America Tidal Power Generation Equipment Market by Type
9.5.5.3.2 Rest of South and Central America Tidal Power Generation Equipment Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. TIDAL POWER GENERATION EQUIPMENT MARKET, KEY COMPANY PROFILES
11.1. TIDAL ENERGY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ATLANTIS RESOURCES
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. OCEAN POWER TECHNOLOGIES
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. TENAX ENERGY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. AQUAGEN TECHNOLOGIES
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. OCEAN RENEWABLE POWER
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. S.D.E. ENERGY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MARINE CURRENT TURBINES
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. AQUAMARINE POWER
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ALTERNATIVE ENERGY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List Of Companies
- Tidal Energy
- Atlantis Resources
- Ocean Power Technologies
- Tenax Energy
- AquaGen Technologies
- Ocean Renewable Power
- S.D.E. Energy
- Marine Current Turbines
- Aquamarine Power
- Alternative Energy
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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