Global Tidal Stream Turbine Supply, Demand and Key Producers, 2026-2032

September 2026 | 133 pages | ID: G9A8E20620F1EN
GlobalInfoResearch

US$ 4,480.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The global Tidal Stream Turbine market size is expected to reach $ 171 million by 2032, rising at a market growth of 13.9% CAGR during the forecast period (2026-2032).

A tidal stream turbine is marine renewable energy equipment that captures the kinetic energy of predictable tidal currents, converts it into mechanical rotation through underwater rotors and blades, and generates electricity through an integrated generator, power conversion and control system. The main product forms include seabed-mounted turbines, floating tidal turbines, tidal kite devices and multi-unit tidal arrays. Typical systems integrate rotors, hubs, shafts, bearings, subsea seals, generators, converters, monitoring equipment, foundations or floating platforms, mooring structures and subsea power interfaces. Rated power generally ranges from approximately 100 kW to 3 MW. Smaller units are primarily used for resource testing, research, island microgrids and offshore facilities, while megawatt-scale units are designed for grid-connected generation and commercial arrays in straits, tidal channels and high-energy coastal waters. The research scope focuses on complete tidal stream turbine units and directly integrated turbine systems supplied by manufacturers for grid-connected power generation, island and remote-area electricity supply, offshore infrastructure and demonstration projects.

Key Findings

  • In 2025, the global average price of complete tidal stream turbine units was approximately US$3 million to US$8 million per unit.
  • The industry average gross margin remained at approximately 25% to 40%.
  • Horizontal-axis turbines remained the mainstream product configuration.
  • Grid-connected power generation remained the largest downstream application.
  • Europe maintained its leading position in technology development and commercial deployment.

Market Trends

Product development is moving toward higher unit capacity, modular arrays, improved offshore accessibility and lower lifecycle maintenance requirements. Floating platforms allow major components to be raised or accessed near the surface, while seabed-mounted systems continue to emphasize structural simplicity, survivability and low visual impact. Tidal kite and cross-flow technologies are expanding the addressable resource base by targeting lower-flow or deeper-water sites. Digital condition monitoring, standardized powertrains, advanced composite blades and modular replacement strategies are becoming increasingly important as manufacturers prepare second- and third-generation machines for pre-commercial farms. Operational experience from multi-megawatt floating turbines, grid-connected tidal kites and long-running seabed arrays is shifting competition from basic technical feasibility toward availability, maintainability and repeatable energy yield.

Market Dynamics

The market is shaped by a strong interaction between public revenue support, grant funding, private capital and project execution capability. Long-term contracts and dedicated tidal allocations improve bankability and provide manufacturers with forward production visibility, but revenue recognition remains uneven because equipment engineering, procurement, assembly, marine installation and commissioning often extend across several years. The sector therefore experiences periods of rapid order growth followed by delivery delays caused by financing, consenting, vessel availability or grid connection schedules. Government support is gradually shifting from isolated prototypes toward pre-commercial arrays, industrial supply chains and cost reduction, which strengthens the medium-term market while maintaining high project-level volatility.

Drivers

Predictability is the principal structural advantage of tidal stream power. Tidal cycles can be forecast well in advance, allowing system operators to plan generation and complement variable wind and solar resources. Demand is also supported by the need for locally generated renewable electricity in islands, remote coastal communities and offshore facilities where imported fuels or long-distance grid connections are expensive. Policy support for energy security, decarbonization and marine industrial development is improving the investment environment, while accumulated operating data from existing projects is reducing technical uncertainty. The continued development of multi-unit arrays and hybrid microgrids creates additional demand for turbine equipment, storage, power conversion and control systems.

Restraints

High capital intensity remains the main restraint. The industry has not yet achieved sufficient production volume to benefit fully from standardized manufacturing, serial procurement and mature installation logistics. Each project requires detailed resource assessment, site-specific foundations or moorings, environmental evaluation, subsea cabling and specialized marine operations. Limited operating fleets also constrain the availability of long-term reliability data required by lenders, insurers and utilities. Compared with established renewable technologies, tidal stream projects face higher financing costs, longer development periods and greater sensitivity to vessel schedules, weather windows and component failure, slowing conversion of announced project pipelines into recognized equipment revenue.

Opportunities

The most immediate opportunity lies in converting supported demonstration capacity into repeatable pre-commercial farms. The European pipeline provides a platform for localized manufacturing, standardized turbine architectures and multi-year service businesses. Canada offers expansion potential through high-energy tidal sites and newly authorized array projects, while China’s 2025 marine energy policy calls for megawatt-scale technology development and phased construction of a 10 MW first-stage project within a planned large-scale development in Zhoushan. Additional opportunities exist in island microgrids, offshore observation systems, aquaculture, maritime electrification and hybrid systems combining tidal power with batteries, wind or solar generation.

Challenges

The central challenge is achieving bankable cost reduction without sacrificing reliability in harsh marine environments. Turbines must withstand reversing currents, turbulence, corrosion, biofouling, floating debris and extreme structural loads while maintaining acceptable retrieval and maintenance costs. Environmental permitting and ecological monitoring remain site-specific and can lengthen project schedules even when turbine technology is mature. Manufacturers must also manage limited supplier volumes, customized engineering, working-capital requirements and uncertainty over the timing of large orders. Industry standards, certification procedures and performance verification are improving, but broader adoption still depends on consistent long-term production data and successful operation of multi-unit farms.

Industry Chain Analysis

The upstream industry includes composite blades, corrosion-resistant metals, marine bearings, seals, gearboxes or direct-drive generators, power electronics, subsea cables, connectors, foundations and mooring components. The midstream covers hydrodynamic design, turbine and nacelle manufacturing, platform integration, control software, factory testing, marine installation and commissioning. Downstream customers include project developers, utilities, island energy operators, coastal communities, offshore infrastructure owners and public demonstration programs. The industry chain remains project-led rather than fully standardized, making cooperation between turbine developers, shipyards, component suppliers, marine contractors and grid operators essential to successful delivery.

Value Chain Analysis

The highest-value activities are concentrated in proprietary turbine design, hydrodynamic optimization, powertrain engineering, subsea reliability, system integration and the operating data required to validate performance. Manufacturing of structures and conventional components can be outsourced, but the turbine OEM typically retains control over product architecture, control algorithms, certification and commissioning. The report estimates an industry average gross margin of approximately 25% to 40% in 2025, although profitability varies significantly with project stage, production volume and the treatment of engineering and demonstration expenses. As the market develops, recurring monitoring, maintenance, component replacement and array optimization services are expected to account for a larger share of lifecycle value.

Segment Insights

By deployment configuration, seabed-mounted and floating turbines represent the principal commercial routes, while tidal kite systems form a differentiated segment for sites where device movement can increase the relative flow through the turbine. Horizontal-axis designs are the most widely adopted configuration, while vertical-axis and cross-flow systems serve specific site and platform requirements. By rated power, units below 500 kW are primarily used for testing, research, community power and offshore facilities; units from 500 kW to 1 MW support medium-scale demonstrations and localized grids; and units from 1 MW to 3 MW are increasingly targeted at commercial grid-connected arrays. Product selection is driven by resource velocity, water depth, installation access, maintenance strategy and grid requirements.

Downstream Market Opportunities

Grid-connected generation will remain the primary source of equipment demand because commercial arrays provide the scale required to reduce unit manufacturing and installation costs. Island and remote-area electricity supply offers a differentiated opportunity where predictable tidal generation can reduce dependence on diesel and strengthen microgrid stability. Offshore observation platforms, communications equipment, aquaculture facilities and other marine infrastructure create smaller but potentially repeatable demand for lower-power systems. The strongest downstream propositions are likely to combine tidal generation with energy storage and other renewable sources, allowing customers to use predictable tidal output to improve system balancing, fuel savings and energy resilience.

Regional Insights

Europe leads the market in technology development, operating experience, revenue support and pre-commercial project preparation. The United Kingdom is the most visible near-term market because of dedicated tidal capacity under its Contracts for Difference mechanism, while France, Spain, Sweden and the Netherlands maintain active technology and project pipelines. North America remains smaller but strategically important, with operational experience in the United States and expanding project opportunities in Canada. China is moving from long-term demonstration toward policy-supported scale-up; the LHD project in Zhoushan has operated successive generations of equipment, including a 1.6 MW unit, while national policy supports a phased 10 MW initial project. Japan and South Korea retain strong marine engineering capabilities, although strictly defined commercial tidal stream turbine manufacturing remains limited.

Competitive LandscapeThe global tidal stream turbine market is characterized by European leadership, specialized development in North America and accelerating progress in China. Europe hosts most active turbine manufacturers, with the United Kingdom leading in supplier concentration, project pipelines, operating experience and policy support. France, Spain, Sweden and the Netherlands maintain differentiated strengths in seabed-mounted, floating and tidal kite technologies. North American companies mainly focus on regional demonstrations, estuary and tidal channel projects, and small to medium-sized arrays, while their commercial deployment remains below the European level. China is moving from single-unit validation toward megawatt-scale turbines and multi-unit arrays, supported by its marine engineering manufacturing base and long-term demonstration experience. Japan and South Korea possess strong offshore engineering and component supply capabilities, but the number of active complete turbine manufacturers remains limited. Competition is increasingly determined by technology route, operating track record, project access, maintenance strategy, certification capability and supply-chain execution, while stable mass production has not yet been established.

Report Scope

This report studies the global Tidal Stream Turbine production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Tidal Stream Turbine and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Tidal Stream Turbine that contribute to its increasing demand across many markets.

Highlights and key features of the study

  • Global Tidal Stream Turbine total production and demand, 2021-2032, (Units)
  • Global Tidal Stream Turbine total production value, 2021-2032, (USD Million)
  • Global Tidal Stream Turbine production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Units), (based on production site)
  • Global Tidal Stream Turbine consumption by region & country, CAGR, 2021-2032 & (Units)
  • U.S. VS China: Tidal Stream Turbine domestic production, consumption, key domestic manufacturers and share
  • Global Tidal Stream Turbine production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Units)
  • Global Tidal Stream Turbine production by Type, production, value, CAGR, 2021-2032, (USD Million) & (Units)
  • Global Tidal Stream Turbine production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Units)
This report profiles key players in the global Tidal Stream Turbine market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Orbital Marine Power Ltd, Nova Innovation Ltd, Proteus Marine Renewables Limited, Minesto AB, HydroQuest SAS, Tocardo B.V., Magallanes Renovables S.L., Ocean Renewable Power Company Inc., Verdant Power Inc., Hangzhou Lindong New Energy Technology Inc., etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Tidal Stream Turbine market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Units) and average price (K US$/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.

Global Tidal Stream Turbine Market, By Region:

  • United States
  • China
  • Europe
  • Japan
  • South Korea
  • ASEAN
  • India
  • Rest of World

Market Segmentation

Global Tidal Stream Turbine Market, Segmentation by Type:

  • Horizontal Axis Tidal Turbine
  • Vertical Axis Tidal Turbine
  • Others

Global Tidal Stream Turbine Market, Segmentation by Deployment Configuration:

  • Seabed Mounted Tidal Turbine
  • Floating Tidal Turbine
  • Submerged Kite Tidal Turbine
  • Others

Global Tidal Stream Turbine Market, Segmentation by Power Rating:

  • Below 500 kW
  • 500 kW to 1 MW
  • 1 MW to 3 MW
  • Above 3 MW

Global Tidal Stream Turbine Market, Segmentation by Application:

  • Utility-scale Grid-connected Power Generation
  • Remote Area Power Supply
  • Marine Infrastructure Power Supply
  • Demonstration and Research Projects
  • Others

Companies Profiled:

  • Orbital Marine Power Ltd
  • Nova Innovation Ltd
  • Proteus Marine Renewables Limited
  • Minesto AB
  • HydroQuest SAS
  • Tocardo B.V.
  • Magallanes Renovables S.L.
  • Ocean Renewable Power Company Inc.
  • Verdant Power Inc.
  • Hangzhou Lindong New Energy Technology Inc.
  • IHI Corporation

Key Questions Answered:

1. How big is the global Tidal Stream Turbine market?
2. What is the demand of the global Tidal Stream Turbine market?
3. What is the year over year growth of the global Tidal Stream Turbine market?
4. What is the production and production value of the global Tidal Stream Turbine market?
5. Who are the key producers in the global Tidal Stream Turbine market?
6. What are the growth factors driving the market demand?
1 SUPPLY SUMMARY

1.1 Tidal Stream Turbine Introduction
1.2 World Tidal Stream Turbine Supply & Forecast
  1.2.1 World Tidal Stream Turbine Production Value (2021 & 2025 & 2032)
  1.2.2 World Tidal Stream Turbine Production (2021-2032)
  1.2.3 World Tidal Stream Turbine Pricing Trends (2021-2032)
1.3 World Tidal Stream Turbine Production by Region (Based on Production Site)
  1.3.1 World Tidal Stream Turbine Production Value by Region (2021-2032)
  1.3.2 World Tidal Stream Turbine Production by Region (2021-2032)
  1.3.3 World Tidal Stream Turbine Average Price by Region (2021-2032)
  1.3.4 North America Tidal Stream Turbine Production (2021-2032)
  1.3.5 Europe Tidal Stream Turbine Production (2021-2032)
  1.3.6 China Tidal Stream Turbine Production (2021-2032)
1.4 Market Drivers, Restraints and Trends
  1.4.1 Tidal Stream Turbine Market Drivers
  1.4.2 Factors Affecting Demand
  1.4.3 Tidal Stream Turbine Major Market Trends

2 DEMAND SUMMARY

2.1 World Tidal Stream Turbine Demand (2021-2032)
2.2 World Tidal Stream Turbine Consumption by Region
  2.2.1 World Tidal Stream Turbine Consumption by Region (2021-2026)
  2.2.2 World Tidal Stream Turbine Consumption Forecast by Region (2027-2032)
2.3 United States Tidal Stream Turbine Consumption (2021-2032)
2.4 China Tidal Stream Turbine Consumption (2021-2032)
2.5 Europe Tidal Stream Turbine Consumption (2021-2032)
2.6 Japan Tidal Stream Turbine Consumption (2021-2032)
2.7 South Korea Tidal Stream Turbine Consumption (2021-2032)
2.8 ASEAN Tidal Stream Turbine Consumption (2021-2032)
2.9 India Tidal Stream Turbine Consumption (2021-2032)

3 WORLD MANUFACTURERS COMPETITIVE ANALYSIS

3.1 World Tidal Stream Turbine Production Value by Manufacturer (2021-2026)
3.2 World Tidal Stream Turbine Production by Manufacturer (2021-2026)
3.3 World Tidal Stream Turbine Average Price by Manufacturer (2021-2026)
3.4 Tidal Stream Turbine Company Evaluation Quadrant
3.5 Industry Rank and Concentration Rate (CR)
  3.5.1 Global Tidal Stream Turbine Industry Rank of Major Manufacturers
  3.5.2 Global Concentration Ratios (CR4) for Tidal Stream Turbine in 2025
  3.5.3 Global Concentration Ratios (CR8) for Tidal Stream Turbine in 2025
3.6 Tidal Stream Turbine Market: Overall Company Footprint Analysis
  3.6.1 Tidal Stream Turbine Market: Region Footprint
  3.6.2 Tidal Stream Turbine Market: Company Product Type Footprint
  3.6.3 Tidal Stream Turbine Market: Company Product Application Footprint
3.7 Competitive Environment
  3.7.1 Historical Structure of the Industry
  3.7.2 Barriers of Market Entry
  3.7.3 Factors of Competition
3.8 New Entrant and Capacity Expansion Plans
3.9 Mergers, Acquisition, Agreements, and Collaborations

4 UNITED STATES VS CHINA VS REST OF THE WORLD

4.1 United States VS China: Tidal Stream Turbine Production Value Comparison
  4.1.1 United States VS China: Tidal Stream Turbine Production Value Comparison (2021 & 2025 & 2032)
  4.1.2 United States VS China: Tidal Stream Turbine Production Value Market Share Comparison (2021 & 2025 & 2032)
4.2 United States VS China: Tidal Stream Turbine Production Comparison
  4.2.1 United States VS China: Tidal Stream Turbine Production Comparison (2021 & 2025 & 2032)
  4.2.2 United States VS China: Tidal Stream Turbine Production Market Share Comparison (2021 & 2025 & 2032)
4.3 United States VS China: Tidal Stream Turbine Consumption Comparison
  4.3.1 United States VS China: Tidal Stream Turbine Consumption Comparison (2021 & 2025 & 2032)
  4.3.2 United States VS China: Tidal Stream Turbine Consumption Market Share Comparison (2021 & 2025 & 2032)
4.4 United States Based Tidal Stream Turbine Manufacturers and Market Share, 2021-2026
  4.4.1 United States Based Tidal Stream Turbine Manufacturers, Headquarters and Production Site (States, Country)
  4.4.2 United States Based Manufacturers Tidal Stream Turbine Production Value (2021-2026)
  4.4.3 United States Based Manufacturers Tidal Stream Turbine Production (2021-2026)
4.5 China Based Tidal Stream Turbine Manufacturers and Market Share
  4.5.1 China Based Tidal Stream Turbine Manufacturers, Headquarters and Production Site (Province, Country)
  4.5.2 China Based Manufacturers Tidal Stream Turbine Production Value (2021-2026)
  4.5.3 China Based Manufacturers Tidal Stream Turbine Production (2021-2026)
4.6 Rest of World Based Tidal Stream Turbine Manufacturers and Market Share, 2021-2026
  4.6.1 Rest of World Based Tidal Stream Turbine Manufacturers, Headquarters and Production Site (State, Country)
  4.6.2 Rest of World Based Manufacturers Tidal Stream Turbine Production Value (2021-2026)
  4.6.3 Rest of World Based Manufacturers Tidal Stream Turbine Production (2021-2026)

5 MARKET ANALYSIS BY TYPE

5.1 World Tidal Stream Turbine Market Size Overview by Type: 2021 VS 2025 VS 2032
5.2 Segment Introduction by Type
  5.2.1 Horizontal Axis Tidal Turbine
  5.2.2 Vertical Axis Tidal Turbine
  5.2.3 Others
5.3 Market Segment by Type
  5.3.1 World Tidal Stream Turbine Production by Type (2021-2032)
  5.3.2 World Tidal Stream Turbine Production Value by Type (2021-2032)
  5.3.3 World Tidal Stream Turbine Average Price by Type (2021-2032)

6 MARKET ANALYSIS BY DEPLOYMENT CONFIGURATION

6.1 World Tidal Stream Turbine Market Size Overview by Deployment Configuration: 2021 VS 2025 VS 2032
6.2 Segment Introduction by Deployment Configuration
  6.2.1 Seabed Mounted Tidal Turbine
  6.2.2 Floating Tidal Turbine
  6.2.3 Submerged Kite Tidal Turbine
  6.2.4 Others
6.3 Market Segment by Deployment Configuration
  6.3.1 World Tidal Stream Turbine Production by Deployment Configuration (2021-2032)
  6.3.2 World Tidal Stream Turbine Production Value by Deployment Configuration (2021-2032)
  6.3.3 World Tidal Stream Turbine Average Price by Deployment Configuration (2021-2032)

7 MARKET ANALYSIS BY POWER RATING

7.1 World Tidal Stream Turbine Market Size Overview by Power Rating: 2021 VS 2025 VS 2032
7.2 Segment Introduction by Power Rating
  7.2.1 Below 500 kW
  7.2.2 500 kW to 1 MW
  7.2.3 1 MW to 3 MW
  7.2.4 Above 3 MW
7.3 Market Segment by Power Rating
  7.3.1 World Tidal Stream Turbine Production by Power Rating (2021-2032)
  7.3.2 World Tidal Stream Turbine Production Value by Power Rating (2021-2032)
  7.3.3 World Tidal Stream Turbine Average Price by Power Rating (2021-2032)

8 MARKET ANALYSIS BY APPLICATION

8.1 World Tidal Stream Turbine Market Size Overview by Application: 2021 VS 2025 VS 2032
8.2 Segment Introduction by Application
  8.2.1 Utility-scale Grid-connected Power Generation
  8.2.2 Remote Area Power Supply
  8.2.3 Marine Infrastructure Power Supply
  8.2.4 Demonstration and Research Projects
  8.2.5 Others
8.3 Market Segment by Application
  8.3.1 World Tidal Stream Turbine Production by Application (2021-2032)
  8.3.2 World Tidal Stream Turbine Production Value by Application (2021-2032)
  8.3.3 World Tidal Stream Turbine Average Price by Application (2021-2032)

9 COMPANY PROFILES

9.1 Orbital Marine Power Ltd
  9.1.1 Orbital Marine Power Ltd Details
  9.1.2 Orbital Marine Power Ltd Major Business
  9.1.3 Orbital Marine Power Ltd Tidal Stream Turbine Product and Services
  9.1.4 Orbital Marine Power Ltd Tidal Stream Turbine Production, Price, Value, Gross Margin and Market Share (2021-2026)
  9.1.5 Orbital Marine Power Ltd Recent Developments/Updates
  9.1.6 Orbital Marine Power Ltd Competitive Strengths & Weaknesses
9.2 Nova Innovation Ltd
  9.2.1 Nova Innovation Ltd Details
  9.2.2 Nova Innovation Ltd Major Business
  9.2.3 Nova Innovation Ltd Tidal Stream Turbine Product and Services
  9.2.4 Nova Innovation Ltd Tidal Stream Turbine Production, Price, Value, Gross Margin and Market Share (2021-2026)
  9.2.5 Nova Innovation Ltd Recent Developments/Updates
  9.2.6 Nova Innovation Ltd Competitive Strengths & Weaknesses
9.3 Proteus Marine Renewables Limited
  9.3.1 Proteus Marine Renewables Limited Details
  9.3.2 Proteus Marine Renewables Limited Major Business
  9.3.3 Proteus Marine Renewables Limited Tidal Stream Turbine Product and Services
  9.3.4 Proteus Marine Renewables Limited Tidal Stream Turbine Production, Price, Value, Gross Margin and Market Share (2021-2026)
  9.3.5 Proteus Marine Renewables Limited Recent Developments/Updates
  9.3.6 Proteus Marine Renewables Limited Competitive Strengths & Weaknesses
9.4 Minesto AB
  9.4.1 Minesto AB Details
  9.4.2 Minesto AB Major Business
  9.4.3 Minesto AB Tidal Stream Turbine Product and Services
  9.4.4 Minesto AB Tidal Stream Turbine Production, Price, Value, Gross Margin and Market Share (2021-2026)
  9.4.5 Minesto AB Recent Developments/Updates
  9.4.6 Minesto AB Competitive Strengths & Weaknesses
9.5 HydroQuest SAS
  9.5.1 HydroQuest SAS Details
  9.5.2 HydroQuest SAS Major Business
  9.5.3 HydroQuest SAS Tidal Stream Turbine Product and Services
  9.5.4 HydroQuest SAS Tidal Stream Turbine Production, Price, Value, Gross Margin and Market Share (2021-2026)
  9.5.5 HydroQuest SAS Recent Developments/Updates
  9.5.6 HydroQuest SAS Competitive Strengths & Weaknesses
9.6 Tocardo B.V.
  9.6.1 Tocardo B.V. Details
  9.6.2 Tocardo B.V. Major Business
  9.6.3 Tocardo B.V. Tidal Stream Turbine Product and Services
  9.6.4 Tocardo B.V. Tidal Stream Turbine Production, Price, Value, Gross Margin and Market Share (2021-2026)
  9.6.5 Tocardo B.V. Recent Developments/Updates
  9.6.6 Tocardo B.V. Competitive Strengths & Weaknesses
9.7 Magallanes Renovables S.L.
  9.7.1 Magallanes Renovables S.L. Details
  9.7.2 Magallanes Renovables S.L. Major Business
  9.7.3 Magallanes Renovables S.L. Tidal Stream Turbine Product and Services
  9.7.4 Magallanes Renovables S.L. Tidal Stream Turbine Production, Price, Value, Gross Margin and Market Share (2021-2026)
  9.7.5 Magallanes Renovables S.L. Recent Developments/Updates
  9.7.6 Magallanes Renovables S.L. Competitive Strengths & Weaknesses
9.8 Ocean Renewable Power Company Inc.
  9.8.1 Ocean Renewable Power Company Inc. Details
  9.8.2 Ocean Renewable Power Company Inc. Major Business
  9.8.3 Ocean Renewable Power Company Inc. Tidal Stream Turbine Product and Services
  9.8.4 Ocean Renewable Power Company Inc. Tidal Stream Turbine Production, Price, Value, Gross Margin and Market Share (2021-2026)
  9.8.5 Ocean Renewable Power Company Inc. Recent Developments/Updates
  9.8.6 Ocean Renewable Power Company Inc. Competitive Strengths & Weaknesses
9.9 Verdant Power Inc.
  9.9.1 Verdant Power Inc. Details
  9.9.2 Verdant Power Inc. Major Business
  9.9.3 Verdant Power Inc. Tidal Stream Turbine Product and Services
  9.9.4 Verdant Power Inc. Tidal Stream Turbine Production, Price, Value, Gross Margin and Market Share (2021-2026)
  9.9.5 Verdant Power Inc. Recent Developments/Updates
  9.9.6 Verdant Power Inc. Competitive Strengths & Weaknesses
9.10 Hangzhou Lindong New Energy Technology Inc.
  9.10.1 Hangzhou Lindong New Energy Technology Inc. Details
  9.10.2 Hangzhou Lindong New Energy Technology Inc. Major Business
  9.10.3 Hangzhou Lindong New Energy Technology Inc. Tidal Stream Turbine Product and Services
  9.10.4 Hangzhou Lindong New Energy Technology Inc. Tidal Stream Turbine Production, Price, Value, Gross Margin and Market Share (2021-2026)
  9.10.5 Hangzhou Lindong New Energy Technology Inc. Recent Developments/Updates
  9.10.6 Hangzhou Lindong New Energy Technology Inc. Competitive Strengths & Weaknesses
9.11 IHI Corporation
  9.11.1 IHI Corporation Details
  9.11.2 IHI Corporation Major Business
  9.11.3 IHI Corporation Tidal Stream Turbine Product and Services
  9.11.4 IHI Corporation Tidal Stream Turbine Production, Price, Value, Gross Margin and Market Share (2021-2026)
  9.11.5 IHI Corporation Recent Developments/Updates
  9.11.6 IHI Corporation Competitive Strengths & Weaknesses

10 INDUSTRY CHAIN ANALYSIS

10.1 Tidal Stream Turbine Industry Chain
10.2 Tidal Stream Turbine Upstream Analysis
  10.2.1 Tidal Stream Turbine Core Raw Materials
  10.2.2 Main Manufacturers of Tidal Stream Turbine Core Raw Materials
10.3 Midstream Analysis
10.4 Downstream Analysis
10.5 Tidal Stream Turbine Production Mode
10.6 Tidal Stream Turbine Procurement Model
10.7 Tidal Stream Turbine Industry Sales Model and Sales Channels
  10.7.1 Tidal Stream Turbine Sales Model
  10.7.2 Tidal Stream Turbine Typical Distributors

11 RESEARCH FINDINGS AND CONCLUSION

12 APPENDIX

12.1 Methodology
12.2 Research Process and Data Source
12.3 Disclaimer
LIST OF TABLES

Table 1. World Tidal Stream Turbine Production Value by Region (2021, 2025 and 2032) & (USD Million)
Table 2. World Tidal Stream Turbine Production Value by Region (2021-2026) & (USD Million)
Table 3. World Tidal Stream Turbine Production Value by Region (2027-2032) & (USD Million)
Table 4. World Tidal Stream Turbine Production Value Market Share by Region (2021-2026)
Table 5. World Tidal Stream Turbine Production Value Market Share by Region (2027-2032)
Table 6. World Tidal Stream Turbine Production by Region (2021-2026) & (Units)
Table 7. World Tidal Stream Turbine Production by Region (2027-2032) & (Units)
Table 8. World Tidal Stream Turbine Production Market Share by Region (2021-2026)
Table 9. World Tidal Stream Turbine Production Market Share by Region (2027-2032)
Table 10. World Tidal Stream Turbine Average Price by Region (2021-2026) & (K US$/Unit)
Table 11. World Tidal Stream Turbine Average Price by Region (2027-2032) & (K US$/Unit)
Table 12. Tidal Stream Turbine Major Market Trends
Table 13. World Tidal Stream Turbine Consumption Growth Rate Forecast by Region (2021 & 2025 & 2032) & (Units)
Table 14. World Tidal Stream Turbine Consumption by Region (2021-2026) & (Units)
Table 15. World Tidal Stream Turbine Consumption Forecast by Region (2027-2032) & (Units)
Table 16. World Tidal Stream Turbine Production Value by Manufacturer (2021-2026) & (USD Million)
Table 17. Production Value Market Share of Key Tidal Stream Turbine Producers in 2025
Table 18. World Tidal Stream Turbine Production by Manufacturer (2021-2026) & (Units)
Table 19. Production Market Share of Key Tidal Stream Turbine Producers in 2025
Table 20. World Tidal Stream Turbine Average Price by Manufacturer (2021-2026) & (K US$/Unit)
Table 21. Global Tidal Stream Turbine Company Evaluation Quadrant
Table 22. World Tidal Stream Turbine Industry Rank of Major Manufacturers, Based on Production Value in 2025
Table 23. Head Office and Tidal Stream Turbine Production Site of Key Manufacturer
Table 24. Tidal Stream Turbine Market: Company Product Type Footprint
Table 25. Tidal Stream Turbine Market: Company Product Application Footprint
Table 26. Tidal Stream Turbine Competitive Factors
Table 27. Tidal Stream Turbine New Entrant and Capacity Expansion Plans
Table 28. Tidal Stream Turbine Mergers & Acquisitions Activity
Table 29. United States VS China Tidal Stream Turbine Production Value Comparison, (2021 & 2025 & 2032) & (USD Million)
Table 30. United States VS China Tidal Stream Turbine Production Comparison, (2021 & 2025 & 2032) & (Units)
Table 31. United States VS China Tidal Stream Turbine Consumption Comparison, (2021 & 2025 & 2032) & (Units)
Table 32. United States Based Tidal Stream Turbine Manufacturers, Headquarters and Production Site (States, Country)
Table 33. United States Based Manufacturers Tidal Stream Turbine Production Value, (2021-2026) & (USD Million)
Table 34. United States Based Manufacturers Tidal Stream Turbine Production Value Market Share (2021-2026)
Table 35. United States Based Manufacturers Tidal Stream Turbine Production (2021-2026) & (Units)
Table 36. United States Based Manufacturers Tidal Stream Turbine Production Market Share (2021-2026)
Table 37. China Based Tidal Stream Turbine Manufacturers, Headquarters and Production Site (Province, Country)
Table 38. China Based Manufacturers Tidal Stream Turbine Production Value, (2021-2026) & (USD Million)
Table 39. China Based Manufacturers Tidal Stream Turbine Production Value Market Share (2021-2026)
Table 40. China Based Manufacturers Tidal Stream Turbine Production, (2021-2026) & (Units)
Table 41. China Based Manufacturers Tidal Stream Turbine Production Market Share (2021-2026)
Table 42. Rest of World Based Tidal Stream Turbine Manufacturers, Headquarters and Production Site (State, Country)
Table 43. Rest of World Based Manufacturers Tidal Stream Turbine Production Value, (2021-2026) & (USD Million)
Table 44. Rest of World Based Manufacturers Tidal Stream Turbine Production Value Market Share (2021-2026)
Table 45. Rest of World Based Manufacturers Tidal Stream Turbine Production, (2021-2026) & (Units)
Table 46. Rest of World Based Manufacturers Tidal Stream Turbine Production Market Share (2021-2026)
Table 47. World Tidal Stream Turbine Production Value by Type, (USD Million), 2021 & 2025 & 2032
Table 48. World Tidal Stream Turbine Production by Type (2021-2026) & (Units)
Table 49. World Tidal Stream Turbine Production by Type (2027-2032) & (Units)
Table 50. World Tidal Stream Turbine Production Value by Type (2021-2026) & (USD Million)
Table 51. World Tidal Stream Turbine Production Value by Type (2027-2032) & (USD Million)
Table 52. World Tidal Stream Turbine Average Price by Type (2021-2026) & (K US$/Unit)
Table 53. World Tidal Stream Turbine Average Price by Type (2027-2032) & (K US$/Unit)
Table 54. World Tidal Stream Turbine Production Value by Deployment Configuration, (USD Million), 2021 & 2025 & 2032
Table 55. World Tidal Stream Turbine Production by Deployment Configuration (2021-2026) & (Units)
Table 56. World Tidal Stream Turbine Production by Deployment Configuration (2027-2032) & (Units)
Table 57. World Tidal Stream Turbine Production Value by Deployment Configuration (2021-2026) & (USD Million)
Table 58. World Tidal Stream Turbine Production Value by Deployment Configuration (2027-2032) & (USD Million)
Table 59. World Tidal Stream Turbine Average Price by Deployment Configuration (2021-2026) & (K US$/Unit)
Table 60. World Tidal Stream Turbine Average Price by Deployment Configuration (2027-2032) & (K US$/Unit)
Table 61. World Tidal Stream Turbine Production Value by Power Rating, (USD Million), 2021 & 2025 & 2032
Table 62. World Tidal Stream Turbine Production by Power Rating (2021-2026) & (Units)
Table 63. World Tidal Stream Turbine Production by Power Rating (2027-2032) & (Units)
Table 64. World Tidal Stream Turbine Production Value by Power Rating (2021-2026) & (USD Million)
Table 65. World Tidal Stream Turbine Production Value by Power Rating (2027-2032) & (USD Million)
Table 66. World Tidal Stream Turbine Average Price by Power Rating (2021-2026) & (K US$/Unit)
Table 67. World Tidal Stream Turbine Average Price by Power Rating (2027-2032) & (K US$/Unit)
Table 68. World Tidal Stream Turbine Production Value by Application, (USD Million), 2021 & 2025 & 2032
Table 69. World Tidal Stream Turbine Production by Application (2021-2026) & (Units)
Table 70. World Tidal Stream Turbine Production by Application (2027-2032) & (Units)
Table 71. World Tidal Stream Turbine Production Value by Application (2021-2026) & (USD Million)
Table 72. World Tidal Stream Turbine Production Value by Application (2027-2032) & (USD Million)
Table 73. World Tidal Stream Turbine Average Price by Application (2021-2026) & (K US$/Unit)
Table 74. World Tidal Stream Turbine Average Price by Application (2027-2032) & (K US$/Unit)
Table 75. Orbital Marine Power Ltd Basic Information, Manufacturing Base and Competitors
Table 76. Orbital Marine Power Ltd Major Business
Table 77. Orbital Marine Power Ltd Tidal Stream Turbine Product and Services
Table 78. Orbital Marine Power Ltd Tidal Stream Turbine Production (Units), Price (K US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2021-2026)
Table 79. Orbital Marine Power Ltd Recent Developments/Updates
Table 80. Orbital Marine Power Ltd Competitive Strengths & Weaknesses
Table 81. Nova Innovation Ltd Basic Information, Manufacturing Base and Competitors
Table 82. Nova Innovation Ltd Major Business
Table 83. Nova Innovation Ltd Tidal Stream Turbine Product and Services
Table 84. Nova Innovation Ltd Tidal Stream Turbine Production (Units), Price (K US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2021-2026)
Table 85. Nova Innovation Ltd Recent Developments/Updates
Table 86. Nova Innovation Ltd Competitive Strengths & Weaknesses
Table 87. Proteus Marine Renewables Limited Basic Information, Manufacturing Base and Competitors
Table 88. Proteus Marine Renewables Limited Major Business
Table 89. Proteus Marine Renewables Limited Tidal Stream Turbine Product and Services
Table 90. Proteus Marine Renewables Limited Tidal Stream Turbine Production (Units), Price (K US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2021-2026)
Table 91. Proteus Marine Renewables Limited Recent Developments/Updates
Table 92. Proteus Marine Renewables Limited Competitive Strengths & Weaknesses
Table 93. Minesto AB Basic Information, Manufacturing Base and Competitors
Table 94. Minesto AB Major Business
Table 95. Minesto AB Tidal Stream Turbine Product and Services
Table 96. Minesto AB Tidal Stream Turbine Production (Units), Price (K US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2021-2026)
Table 97. Minesto AB Recent Developments/Updates
Table 98. Minesto AB Competitive Strengths & Weaknesses
Table 99. HydroQuest SAS Basic Information, Manufacturing Base and Competitors
Table 100. HydroQuest SAS Major Business
Table 101. HydroQuest SAS Tidal Stream Turbine Product and Services
Table 102. HydroQuest SAS Tidal Stream Turbine Production (Units), Price (K US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2021-2026)
Table 103. HydroQuest SAS Recent Developments/Updates
Table 104. HydroQuest SAS Competitive Strengths & Weaknesses
Table 105. Tocardo B.V. Basic Information, Manufacturing Base and Competitors
Table 106. Tocardo B.V. Major Business
Table 107. Tocardo B.V. Tidal Stream Turbine Product and Services
Table 108. Tocardo B.V. Tidal Stream Turbine Production (Units), Price (K US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2021-2026)
Table 109. Tocardo B.V. Recent Developments/Updates
Table 110. Tocardo B.V. Competitive Strengths & Weaknesses
Table 111. Magallanes Renovables S.L. Basic Information, Manufacturing Base and Competitors
Table 112. Magallanes Renovables S.L. Major Business
Table 113. Magallanes Renovables S.L. Tidal Stream Turbine Product and Services
Table 114. Magallanes Renovables S.L. Tidal Stream Turbine Production (Units), Price (K US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2021-2026)
Table 115. Magallanes Renovables S.L. Recent Developments/Updates
Table 116. Magallanes Renovables S.L. Competitive Strengths & Weaknesses
Table 117. Ocean Renewable Power Company Inc. Basic Information, Manufacturing Base and Competitors
Table 118. Ocean Renewable Power Company Inc. Major Business
Table 119. Ocean Renewable Power Company Inc. Tidal Stream Turbine Product and Services
Table 120. Ocean Renewable Power Company Inc. Tidal Stream Turbine Production (Units), Price (K US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2021-2026)
Table 121. Ocean Renewable Power Company Inc. Recent Developments/Updates
Table 122. Ocean Renewable Power Company Inc. Competitive Strengths & Weaknesses
Table 123. Verdant Power Inc. Basic Information, Manufacturing Base and Competitors
Table 124. Verdant Power Inc. Major Business
Table 125. Verdant Power Inc. Tidal Stream Turbine Product and Services
Table 126. Verdant Power Inc. Tidal Stream Turbine Production (Units), Price (K US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2021-2026)
Table 127. Verdant Power Inc. Recent Developments/Updates
Table 128. Verdant Power Inc. Competitive Strengths & Weaknesses
Table 129. Hangzhou Lindong New Energy Technology Inc. Basic Information, Manufacturing Base and Competitors
Table 130. Hangzhou Lindong New Energy Technology Inc. Major Business
Table 131. Hangzhou Lindong New Energy Technology Inc. Tidal Stream Turbine Product and Services
Table 132. Hangzhou Lindong New Energy Technology Inc. Tidal Stream Turbine Production (Units), Price (K US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2021-2026)
Table 133. Hangzhou Lindong New Energy Technology Inc. Recent Developments/Updates
Table 134. Hangzhou Lindong New Energy Technology Inc. Competitive Strengths & Weaknesses
Table 135. IHI Corporation Basic Information, Manufacturing Base and Competitors
Table 136. IHI Corporation Major Business
Table 137. IHI Corporation Tidal Stream Turbine Product and Services
Table 138. IHI Corporation Tidal Stream Turbine Production (Units), Price (K US$/Unit), Production Value (USD Million), Gross Margin and Market Share (2021-2026)
Table 139. IHI Corporation Recent Developments/Updates
Table 140. IHI Corporation Competitive Strengths & Weaknesses
Table 141. Global Key Players of Tidal Stream Turbine Upstream (Raw Materials)
Table 142. Global Tidal Stream Turbine Typical Customers
Table 143. Tidal Stream Turbine Typical Distributors
LIST OF FIGURES

Figure 1. Tidal Stream Turbine Picture
Figure 2. World Tidal Stream Turbine Production Value: 2021 & 2025 & 2032, (USD Million)
Figure 3. World Tidal Stream Turbine Production Value and Forecast (2021-2032) & (USD Million)
Figure 4. World Tidal Stream Turbine Production (2021-2032) & (Units)
Figure 5. World Tidal Stream Turbine Average Price (2021-2032) & (K US$/Unit)
Figure 6. World Tidal Stream Turbine Production Value Market Share by Region (2021-2032)
Figure 7. World Tidal Stream Turbine Production Market Share by Region (2021-2032)
Figure 8. North America Tidal Stream Turbine Production (2021-2032) & (Units)
Figure 9. Europe Tidal Stream Turbine Production (2021-2032) & (Units)
Figure 10. China Tidal Stream Turbine Production (2021-2032) & (Units)
Figure 11. Tidal Stream Turbine Market Drivers
Figure 12. Factors Affecting Demand
Figure 13. World Tidal Stream Turbine Consumption (2021-2032) & (Units)
Figure 14. World Tidal Stream Turbine Consumption Market Share by Region (2021-2032)
Figure 15. United States Tidal Stream Turbine Consumption (2021-2032) & (Units)
Figure 16. China Tidal Stream Turbine Consumption (2021-2032) & (Units)
Figure 17. Europe Tidal Stream Turbine Consumption (2021-2032) & (Units)
Figure 18. Japan Tidal Stream Turbine Consumption (2021-2032) & (Units)
Figure 19. South Korea Tidal Stream Turbine Consumption (2021-2032) & (Units)
Figure 20. ASEAN Tidal Stream Turbine Consumption (2021-2032) & (Units)
Figure 21. India Tidal Stream Turbine Consumption (2021-2032) & (Units)
Figure 22. Producer Shipments of Tidal Stream Turbine by Manufacturer Revenue ($MM) and Market Share (%): 2025
Figure 23. Global Four-firm Concentration Ratios (CR4) for Tidal Stream Turbine Markets in 2025
Figure 24. Global Four-firm Concentration Ratios (CR8) for Tidal Stream Turbine Markets in 2025
Figure 25. United States VS China: Tidal Stream Turbine Production Value Market Share Comparison (2021 & 2025 & 2032)
Figure 26. United States VS China: Tidal Stream Turbine Production Market Share Comparison (2021 & 2025 & 2032)
Figure 27. United States VS China: Tidal Stream Turbine Consumption Market Share Comparison (2021 & 2025 & 2032)
Figure 28. United States Based Manufacturers Tidal Stream Turbine Production Market Share 2025
Figure 29. China Based Manufacturers Tidal Stream Turbine Production Market Share 2025
Figure 30. Rest of World Based Manufacturers Tidal Stream Turbine Production Market Share 2025
Figure 31. World Tidal Stream Turbine Production Value by Type, (USD Million), 2021 & 2025 & 2032
Figure 32. World Tidal Stream Turbine Production Value Market Share by Type in 2025
Figure 33. Horizontal Axis Tidal Turbine
Figure 34. Vertical Axis Tidal Turbine
Figure 35. Others
Figure 36. World Tidal Stream Turbine Production Market Share by Type (2021-2032)
Figure 37. World Tidal Stream Turbine Production Value Market Share by Type (2021-2032)
Figure 38. World Tidal Stream Turbine Average Price by Type (2021-2032) & (K US$/Unit)
Figure 39. World Tidal Stream Turbine Production Value by Deployment Configuration, (USD Million), 2021 & 2025 & 2032
Figure 40. World Tidal Stream Turbine Production Value Market Share by Deployment Configuration in 2025
Figure 41. Seabed Mounted Tidal Turbine
Figure 42. Floating Tidal Turbine
Figure 43. Submerged Kite Tidal Turbine
Figure 44. Others
Figure 45. World Tidal Stream Turbine Production Market Share by Deployment Configuration (2021-2032)
Figure 46. World Tidal Stream Turbine Production Value Market Share by Deployment Configuration (2021-2032)
Figure 47. World Tidal Stream Turbine Average Price by Deployment Configuration (2021-2032) & (K US$/Unit)
Figure 48. World Tidal Stream Turbine Production Value by Power Rating, (USD Million), 2021 & 2025 & 2032
Figure 49. World Tidal Stream Turbine Production Value Market Share by Power Rating in 2025
Figure 50. Below 500 kW
Figure 51. 500 kW to 1 MW
Figure 52. 1 MW to 3 MW
Figure 53. Above 3 MW
Figure 54. World Tidal Stream Turbine Production Market Share by Power Rating (2021-2032)
Figure 55. World Tidal Stream Turbine Production Value Market Share by Power Rating (2021-2032)
Figure 56. World Tidal Stream Turbine Average Price by Power Rating (2021-2032) & (K US$/Unit)
Figure 57. World Tidal Stream Turbine Production Value by Application, (USD Million), 2021 & 2025 & 2032
Figure 58. World Tidal Stream Turbine Production Value Market Share by Application in 2025
Figure 59. Utility-scale Grid-connected Power Generation
Figure 60. Remote Area Power Supply
Figure 61. Marine Infrastructure Power Supply
Figure 62. Demonstration and Research Projects
Figure 63. Others
Figure 64. World Tidal Stream Turbine Production Market Share by Application (2021-2032)
Figure 65. World Tidal Stream Turbine Production Value Market Share by Application (2021-2032)
Figure 66. World Tidal Stream Turbine Average Price by Application (2021-2032) & (K US$/Unit)
Figure 67. Tidal Stream Turbine Industry Chain
Figure 68. Tidal Stream Turbine Procurement Model
Figure 69. Tidal Stream Turbine Sales Model
Figure 70. Tidal Stream Turbine Sales Channels, Direct Sales, and Distribution
Figure 71. Methodology
Figure 72. Research Process and Data Source