Transparency Market Research has introduced an upcoming report on wave and tidal market in its offering.
The research report called ‘Wave & Tidal Energy Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast, 2013 – 2019′ analyzes this market depending on its market segments, major geographies, and current market trends. The report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Wave and Tidal Technology are one of the most exciting areas of untapped energy potential. The long-term potential of Wave Energy is high, with worldwide natural potential; however the technology is very challenging. The Tidal Energy have stronger short-term potential because the technology is more readily available, however the long-term growth may be more restricted because of geographical constraints and available natural potential.
The global demand for renewable energy driven by the reliability and predictability of the Wave and Tidal Energy is expected to boost the growth of Wave and Tidal Energy. The challenge with the Wave and Tidal Energy is to demonstrate that the technology can operate efficiently and reliably without unacceptable environmental impacts. There is also a need for cost reduction to make the technology more financially competitive. Apart from this, the lack of awareness on the potential of wave and tidal energy resources are stalling market momentum.
Presently Europe and North America, account for the highest demand of Wave and Tidal Energy. The demand is this regions is driven by highest level of financial support globally and a clear planning process.
Some of the key technology providers and developers in the Wave and Tidal Energy Market are Nova Scotia Power, Offshore Energy Research Association, Fundy Tidal Inc., Seabased AB, Wave Dragon, Lunar Energy, Voith Hydro, Aquamarine, Pelamis Wave, Ocean Renewable Power Corporation, Ocean Power Technologies, Verdant Power, Oceanlinx, and Greenwave Energy among others.
Geographies analyzed under this research report include:
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
Press release, April 23, 2014; Image: Verdant Power