The
global wave and tidal energy market was worth an estimated US$25
million in 2013 and is anticipated to be worth US$10.1 billion in
2020, registering an impressive CAGR of 64.1% during the forecast
period. The wave and tidal energy market is also expected to reach a
global installed capacity of 3,712 MW by 2020, growing at a 34.5%
CAGR from 2014-2020.
In-depth
research report on Wave and Tidal Energy Market with
Full TOC at :
http://www.transparencymarketresearch.com/wave-tidal-energy-market.html
The
wave and tidal energy market has been segmented in the report on the
basis of type and geography. By type, the two key segments analyzed
in the market report are tidal energy and wave energy. By geography,
the wave and tidal energy market is categorized into North America
(Canada and the U.S.), Europe (Scotland, the U.K., France, and
others), and Asia-Pacific (Australia, South Korea, China, and
others). Europe is expected to witness considerable growth from 2014
to 2020 owing to major expansions in wave and tidal energy plants.
South Korea, on the other hand, will be fastest-growing regional
markets in terms of tidal barrage operations. Australia is projected
to experience immense growth with respect to wave energy development.
The
research report identifies, profiles, and analyzes key players within
the wave and tidal energy market, and also examines the various
factors governing their growth. Some of the leading participants
dealing in wave and tidal energy systems are Atlantis Resources Ltd.,
Tenax Energy PTY Limited, Marine Current Turbines Ltd, Ocean
Renewable Power Company, Aquamarine Power Ltd., Ocean Power
Technologies, Carnegie Wave Energy Limited, SDE Energy Ltd., AquaGen
Technologies, and Pelamis Wave Power.
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