Mar 7, 2018   SOURCE: PR NewsWire

Wave and Tidal Energy Market Size Worth $3.9 Billion by 2025: Grand View Research, Inc.

SAN FRANCISCO, March 7, 2018 /PRNewswire/ --

The global wave and tidal energy market [https://www.grandviewresearch.com/industry-analysis/wave-energy-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=PRN_Mar7_WaveTidalEnergyrd1&utm_content=Content ]  size is expected to reach USD 3.9 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 42.5% CAGR during the forecast period. Need to reduce dependency on fossil fuels, increasing investments, and supportive government regulations are likely to fuel market growth over the coming years.

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The renewable energy sector has witnessed significant expansion in terms of installations worldwide in 2016. The capacities in wind, marine, solar, waste-to-energy, small geothermal and hydro sources, and biomass combined added up to 138.5 GW in 2016, up from 127.5 GW in 2015. Investments in electricity generation through novel renewable sources was twice in comparison to fossil fuels.

Ocean energy is witnessing significant development in terms of new projects in various economies including U.K., Ireland, Sweden, Portugal, Thailand, India, Japan, China, Canada, and U.S., which is likely to fuel market growth over the coming years. However, high cost and socio-economic and environmental barriers are likely to restrain the development of the market over the forecast period.

Browse full research report with TOC on "Wave and Tidal Energy Market Size, Share & Trends Analysis Report By Energy Type (Wave, Tidal), By Region (North America, Europe, Asia Pacific), Competitive Landscape, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/wave-energy-market [https://www.grandviewresearch.com/industry-analysis/wave-energy-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=PRN_Mar7_WaveTidalEnergyrd2&utm_content=Content ]

Further Key Findings From the Report Suggest:  

        
        - The wave energy segment is likely to register significant growth in the coming
          years on account of extensive R&D and new project developments in numerous economies
          including Ireland, Sweden, Portugal, U.S., China, and New Zealand
        - The tidal segment dominated the market on account of high technological know-how.
          However, environmental concerns related to the technology are likely to restrain its
          growth
        - Asia Pacific is expected to be a lucrative market for the technology on account of
          supportive government initiatives
        - The number of companies in the global wave and tidal energy market has registered an
          increase in recent years. These companies are constantly making significant efforts to
          advance their technologies and deploy novel and improved equipment
        - R&D, new project developments, partnerships, and acquisitions are some of the major
          strategies being adopted by companies in the industry. In November 2016, BPS developed
          an ocean wave forecasting system for efficient operation of wave energy projects. This
          technology can also be used for fishing, aquaculture, diving, and oil and gas
          operations.

Browse related reports by Grand View Research:  

        
        - Air Electrode Battery Market
          [https://www.grandviewresearch.com/industry-analysis/air-electrode-battery-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=PRN_Mar7_WaveTidalEnergyrl1&utm_content=Content ]
          - The global air electrode battery market is expected to witness 
          lucrative growth over the forecast period. The key factors attributing to increase in
          market growth are the volatility in crude oil prices coupled with new favorable rules
          and regulations, increase in use of renewable sources of energy, and changes in
          weather conditions.
        - Dye Sensitized Solar Cell Market
          [https://www.grandviewresearch.com/industry-analysis/dye-sensitized-solar-cell-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=PRN_Mar7_WaveTidalEnergyrl2&utm_content=Content ]
          - Global dye sensitized solar cells (DSSC) market value was 
          estimated to be USD 49.6 million in 2014 and is estimated to grow at a CAGR of over
          12% from 2015 to 2022. 
        - Solar Cell Market
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          - Global solar cell market size was estimated at 182.4 GW in 2014. Rising 
          penetration of renewable energy sources owing to environmental benefits coupled with
          increasing electricity demand is expected to propel market growth.
        - Solar Pumps Market
          [https://www.grandviewresearch.com/industry-analysis/solar-pumps-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=PRN_Mar7_WaveTidalEnergyrl4&utm_content=Content ]
          - Global solar pumps market was 102,188 units in 2013. Increasing agricultural 
          activities coupled with water extraction for irrigation based on renewable energy is
          expected to drive the global solar pumps market over the forecast period. 

Grand View Research has segmented the global wave and tidal energy market on the basis of energy type and region:  

        
        - Wave and Tidal Energy Type Outlook (Installed Capacity, Megawatt; Revenue, USD
          Million, 2014 - 2025) 
        - Wave
        - Tidal
        - Wave and Tidal Energy Regional Outlook (Installed Capacity, Megawatt; Revenue, USD
          Million, 2014 - 2025) 
        - North America
             - Canada
        - Europe
             - U.K.
             - France
        - Asia Pacific
             - China
             - South Korea

Read Our Blog By Grand View Research: https://www.grandviewresearch.com/blogs/energy-and-power

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. 

        

        Contact: 
        Sherry James 
        Corporate Sales Specialist, USA 
        Grand View Research, Inc. 
        Phone: +1-415-349-0058 
        Toll Free: 1-888-202-9519 
        Email: sales@grandviewresearch.com

  Web: https://www.grandviewresearch.com 


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SOURCE Grand View Research, Inc.