Wave and Tidal Energy Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2014 - 2020
139 Page Report
Global Wave and Tidal Energy Market is expected to reach USD
10.10 billion in 2020
Transparency Market Research
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Global Wave and Tidal Energy
Transparency Market Research has released a new market report titled “Wave and Tidal Energy Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.” According to the report, the wave and tidal energy
market was valued at USD 25 million in 2013 and is anticipated to reach USD 10.1 billion in 2020, expanding at a CAGR
of 64.1% from 2014 to 2020.
Browse the full Wave and Tidal Energy Market report at
When harnessed effectively, ocean could prove to be one of the largest reserves of clean and sustainable energy. Wave
and tidal energy are the two major forms of harnessing ocean energy. These have significantly different market dynamics.
Tidal energy can be broadly segmented into tidal stream and tidal range energy. Tidal range power plants entail
construction of tidal barrages. This is a mature form of energy generation technology. Commissioned in 2011, the Sihwa
Lake Tidal Power Station with 254 MW capacity replaced France’s Rance Tidal Power Station as the largest tidal power
plant in the world. Tidal stream power plants are a relatively new technology with ample scope for development. Wave
energy is a relatively new concept; the installed capacity aggregated just 5.77 MW in 2013. Both the sectors are likely to
experience significant market growth in terms of installed capacity and...