The
global wave and tidal energy market was worth US$25 million in 2013.
It is expected to grow at a CAGR of 64.1% from 2014 to 2020,
eventually reaching a value of US$10.1 billion in 2020. A new
research report released by Transparency Market Research, titled
“Wave and Tidal Energy Market” makes this prediction for the
global wave and tidal energy market based on comprehensive primary
and secondary research.The report says that these oceanic forms of
energy generation could be holding the greatest potential for
generating sustainable and clean energy. The two largest forms of
electricity generation from oceanic sources are wave and tidal
energy. The report discusses the dynamics of each form separately and
tallies their usability.
Browse
Full Global Wave and Tidal Energy Market Report With Complete TOC @
http://www.transparencymarketresearch.com/wave-tidal-energy-market.html
The
report estimates the installed capacity of the global wave and tidal
energy market to reach 3712 MW by 2020, growing at a CAGR of 34.5%
from 2014 to 2020.The market’s regional leader is Europe, soon to
be competing against South Korea. South Korea is set to show the
fastest growth rate in the global wave and tidal energy market in the
forecast period. The nation’s potential for harnessing tidal energy
through the addition of large-scale tidal barrages will be the
leading cause of growth for the market. Australia will be a leader in
the Asia Pacific wave and tidal energy market, creating a capacity of
almost 25 MW before 2020.
The
report states that commercialization is of prime importance in the
global wave and tidal energy market, as it would help better the
scope for research and infrastructure creation, as well as reduce
labor costs and promote healthy competition.The report branches tidal
energy into tidal range and tidal stream energy. Tidal range energy,
which is relatively mature in terms of application in electricity
generation, requires the construction of tidal barrages. The report
also discusses an example of Sihwa Lake Tidal Power Station,
commissioned in 2011. The plant holds a 254 MW capacity and has
successfully become the largest tidal power plant in the world, ahead
of the previous titleholder, Rance Tidal Power Station in France.
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Inquiry About Report
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2000
Tidal
stream power generation is relatively new but has shown a highly
optimistic scope for growth.Wave energy, on the other hand, is an
entirely new concept. The aggregate installed capacity of wave energy
power plants was only 5.77 MW in 2013.The global wave and tidal
energy market as a whole is expected to grow at a fast pace owing to
the large investments received for research and development from
various sources.Over 200 companies are currently operating in the
global wave and tidal energy market and a majority of them use the
energy converter technology. The report also explains the high
potential that both wave energy and tidal energy hold due to the
scaling up of the global economy in recent years.Some of the key
players in the global wave and tidal energy market are Aquamarine
Power, Marine Current Turbines Ltd., Carnegie Wave Energy Ltd., and
Pelamis Wave Power Ltd.
Browse
Article Of Wave and Tidal Energy Market
http://www.transparencymarketresearch.com/article/wave-tidal-energy-market.htm
Key
segments of the Global Wave and Tidal Energy Market
Wave
and tidal power generation market: Type analysis
- Wave energy
- Tidal energy
Wave
and tidal power generation market: Geography analysis
North
America
- The U.S.
- Canada
Europe
- The U.K.
- Scotland
- France
- Others
Asia
Pacific
- South Korea
- Australia
- China
- Others
Browse
TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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