Wave and Tidal Power Market, Global Outlook and Forecast 2022-2028

April 2022 | 60 pages | ID: W101A6853AC7EN
Market Monitor Global

Abstracts

Wave and tidal energy or marine power (also sometimes referred to as ocean energy, ocean power, or marine and hydrokinetic energy) refers to the energy carried by ocean waves, tides, salinity, and ocean temperature differences. The movement of water in the world’s oceans creates a vast store of kinetic energy, or energy in motion. This energy can be harnessed to generate electricity to power homes, transport and industries.

This report contains market size and forecasts of Wave and Tidal Power in Global, including the following market information:

Global Wave and Tidal Power Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Wave and Tidal Power market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Wave Power Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Wave and Tidal Power include Wello Oy, Eco Wave Power, Marine Current Turbines (Siemens), Ocean Renewable Power Company (ORPC), Naval Group, BioPower Systems(BPS), AWS Ocean Energy, Voith and Ocean Power Technologies, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Wave and Tidal Power companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Wave and Tidal Power Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Wave and Tidal Power Market Segment Percentages, by Type, 2021 (%)

• Wave Power
• Tidal Power

Global Wave and Tidal Power Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Wave and Tidal Power Market Segment Percentages, by Application, 2021 (%)

• Industrial
• Commercial
• Others

Global Wave and Tidal Power Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Wave and Tidal Power Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Wave and Tidal Power revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Wave and Tidal Power revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Wello Oy
• Eco Wave Power
• Marine Current Turbines (Siemens)
• Ocean Renewable Power Company (ORPC)
• Naval Group
• BioPower Systems(BPS)
• AWS Ocean Energy
• Voith
• Ocean Power Technologies
• Carnegie Clean Energy
• Verdant Power

Contents

1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 Wave and Tidal Power Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Application
1.3 Global Wave and Tidal Power Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
  1.5.1 Research Methodology
  1.5.2 Research Process
  1.5.3 Base Year
  1.5.4 Report Assumptions & Caveats

2 GLOBAL WAVE AND TIDAL POWER OVERALL MARKET SIZE

2.1 Global Wave and Tidal Power Market Size: 2021 VS 2028
2.2 Global Wave and Tidal Power Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
  2.3.1 Market Opportunities & Trends
  2.3.2 Market Drivers
  2.3.3 Market Restraints

3 COMPANY LANDSCAPE

3.1 Top Wave and Tidal Power Players in Global Market
3.2 Top Global Wave and Tidal Power Companies Ranked by Revenue
3.3 Global Wave and Tidal Power Revenue by Companies
3.4 Top 3 and Top 5 Wave and Tidal Power Companies in Global Market, by Revenue in 2021
3.5 Global Companies Wave and Tidal Power Product Type
3.6 Tier 1, Tier 2 and Tier 3 Wave and Tidal Power Players in Global Market
  3.6.1 List of Global Tier 1 Wave and Tidal Power Companies
  3.6.2 List of Global Tier 2 and Tier 3 Wave and Tidal Power Companies

4 MARKET SIGHTS BY PRODUCT

4.1 Overview
  4.1.1 by Type - Global Wave and Tidal Power Market Size Markets, 2021 & 2028
  4.1.2 Wave Power
  4.1.3 Tidal Power
4.2 By Type - Global Wave and Tidal Power Revenue & Forecasts
  4.2.1 By Type - Global Wave and Tidal Power Revenue, 2017-2022
  4.2.2 By Type - Global Wave and Tidal Power Revenue, 2023-2028
  4.2.3 By Type - Global Wave and Tidal Power Revenue Market Share, 2017-2028

5 SIGHTS BY APPLICATION

5.1 Overview
  5.1.1 By Application - Global Wave and Tidal Power Market Size, 2021 & 2028
  5.1.2 Industrial
  5.1.3 Commercial
  5.1.4 Others
5.2 By Application - Global Wave and Tidal Power Revenue & Forecasts
  5.2.1 By Application - Global Wave and Tidal Power Revenue, 2017-2022
  5.2.2 By Application - Global Wave and Tidal Power Revenue, 2023-2028
  5.2.3 By Application - Global Wave and Tidal Power Revenue Market Share, 2017-2028

6 SIGHTS BY REGION

6.1 By Region - Global Wave and Tidal Power Market Size, 2021 & 2028
6.2 By Region - Global Wave and Tidal Power Revenue & Forecasts
  6.2.1 By Region - Global Wave and Tidal Power Revenue, 2017-2022
  6.2.2 By Region - Global Wave and Tidal Power Revenue, 2023-2028
  6.2.3 By Region - Global Wave and Tidal Power Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America Wave and Tidal Power Revenue, 2017-2028
  6.3.2 US Wave and Tidal Power Market Size, 2017-2028
  6.3.3 Canada Wave and Tidal Power Market Size, 2017-2028
  6.3.4 Mexico Wave and Tidal Power Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe Wave and Tidal Power Revenue, 2017-2028
  6.4.2 Germany Wave and Tidal Power Market Size, 2017-2028
  6.4.3 France Wave and Tidal Power Market Size, 2017-2028
  6.4.4 U.K. Wave and Tidal Power Market Size, 2017-2028
  6.4.5 Italy Wave and Tidal Power Market Size, 2017-2028
  6.4.6 Russia Wave and Tidal Power Market Size, 2017-2028
  6.4.7 Nordic Countries Wave and Tidal Power Market Size, 2017-2028
  6.4.8 Benelux Wave and Tidal Power Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia Wave and Tidal Power Revenue, 2017-2028
  6.5.2 China Wave and Tidal Power Market Size, 2017-2028
  6.5.3 Japan Wave and Tidal Power Market Size, 2017-2028
  6.5.4 South Korea Wave and Tidal Power Market Size, 2017-2028
  6.5.5 Southeast Asia Wave and Tidal Power Market Size, 2017-2028
  6.5.6 India Wave and Tidal Power Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America Wave and Tidal Power Revenue, 2017-2028
  6.6.2 Brazil Wave and Tidal Power Market Size, 2017-2028
  6.6.3 Argentina Wave and Tidal Power Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa Wave and Tidal Power Revenue, 2017-2028
  6.7.2 Turkey Wave and Tidal Power Market Size, 2017-2028
  6.7.3 Israel Wave and Tidal Power Market Size, 2017-2028
  6.7.4 Saudi Arabia Wave and Tidal Power Market Size, 2017-2028
  6.7.5 UAE Wave and Tidal Power Market Size, 2017-2028

7 PLAYERS PROFILES

7.1 Wello Oy
  7.1.1 Wello Oy Corporate Summary
  7.1.2 Wello Oy Business Overview
  7.1.3 Wello Oy Wave and Tidal Power Major Product Offerings
  7.1.4 Wello Oy Wave and Tidal Power Revenue in Global Market (2017-2022)
  7.1.5 Wello Oy Key News
7.2 Eco Wave Power
  7.2.1 Eco Wave Power Corporate Summary
  7.2.2 Eco Wave Power Business Overview
  7.2.3 Eco Wave Power Wave and Tidal Power Major Product Offerings
  7.2.4 Eco Wave Power Wave and Tidal Power Revenue in Global Market (2017-2022)
  7.2.5 Eco Wave Power Key News
7.3 Marine Current Turbines (Siemens)
  7.3.1 Marine Current Turbines (Siemens) Corporate Summary
  7.3.2 Marine Current Turbines (Siemens) Business Overview
  7.3.3 Marine Current Turbines (Siemens) Wave and Tidal Power Major Product Offerings
  7.3.4 Marine Current Turbines (Siemens) Wave and Tidal Power Revenue in Global Market (2017-2022)
  7.3.5 Marine Current Turbines (Siemens) Key News
7.4 Ocean Renewable Power Company (ORPC)
  7.4.1 Ocean Renewable Power Company (ORPC) Corporate Summary
  7.4.2 Ocean Renewable Power Company (ORPC) Business Overview
  7.4.3 Ocean Renewable Power Company (ORPC) Wave and Tidal Power Major Product Offerings
  7.4.4 Ocean Renewable Power Company (ORPC) Wave and Tidal Power Revenue in Global Market (2017-2022)
  7.4.5 Ocean Renewable Power Company (ORPC) Key News
7.5 Naval Group
  7.5.1 Naval Group Corporate Summary
  7.5.2 Naval Group Business Overview
  7.5.3 Naval Group Wave and Tidal Power Major Product Offerings
  7.5.4 Naval Group Wave and Tidal Power Revenue in Global Market (2017-2022)
  7.5.5 Naval Group Key News
7.6 BioPower Systems(BPS)
  7.6.1 BioPower Systems(BPS) Corporate Summary
  7.6.2 BioPower Systems(BPS) Business Overview
  7.6.3 BioPower Systems(BPS) Wave and Tidal Power Major Product Offerings
  7.6.4 BioPower Systems(BPS) Wave and Tidal Power Revenue in Global Market (2017-2022)
  7.6.5 BioPower Systems(BPS) Key News
7.7 AWS Ocean Energy
  7.7.1 AWS Ocean Energy Corporate Summary
  7.7.2 AWS Ocean Energy Business Overview
  7.7.3 AWS Ocean Energy Wave and Tidal Power Major Product Offerings
  7.7.4 AWS Ocean Energy Wave and Tidal Power Revenue in Global Market (2017-2022)
  7.7.5 AWS Ocean Energy Key News
7.8 Voith
  7.8.1 Voith Corporate Summary
  7.8.2 Voith Business Overview
  7.8.3 Voith Wave and Tidal Power Major Product Offerings
  7.8.4 Voith Wave and Tidal Power Revenue in Global Market (2017-2022)
  7.8.5 Voith Key News
7.9 Ocean Power Technologies
  7.9.1 Ocean Power Technologies Corporate Summary
  7.9.2 Ocean Power Technologies Business Overview
  7.9.3 Ocean Power Technologies Wave and Tidal Power Major Product Offerings
  7.9.4 Ocean Power Technologies Wave and Tidal Power Revenue in Global Market (2017-2022)
  7.9.5 Ocean Power Technologies Key News
7.10 Carnegie Clean Energy
  7.10.1 Carnegie Clean Energy Corporate Summary
  7.10.2 Carnegie Clean Energy Business Overview
  7.10.3 Carnegie Clean Energy Wave and Tidal Power Major Product Offerings
  7.10.4 Carnegie Clean Energy Wave and Tidal Power Revenue in Global Market (2017-2022)
  7.10.5 Carnegie Clean Energy Key News
7.11 Verdant Power
  7.11.1 Verdant Power Corporate Summary
  7.11.2 Verdant Power Business Overview
  7.11.3 Verdant Power Wave and Tidal Power Major Product Offerings
  7.11.4 Verdant Power Wave and Tidal Power Revenue in Global Market (2017-2022)
  7.11.5 Verdant Power Key News

8 CONCLUSION

9 APPENDIX

9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List Of Tables

LIST OF TABLES

Table 1. Wave and Tidal Power Market Opportunities & Trends in Global Market
Table 2. Wave and Tidal Power Market Drivers in Global Market
Table 3. Wave and Tidal Power Market Restraints in Global Market
Table 4. Key Players of Wave and Tidal Power in Global Market
Table 5. Top Wave and Tidal Power Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Wave and Tidal Power Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Wave and Tidal Power Revenue Share by Companies, 2017-2022
Table 8. Global Companies Wave and Tidal Power Product Type
Table 9. List of Global Tier 1 Wave and Tidal Power Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Wave and Tidal Power Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Wave and Tidal Power Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Wave and Tidal Power Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Wave and Tidal Power Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Wave and Tidal Power Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Wave and Tidal Power Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Wave and Tidal Power Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Wave and Tidal Power Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Wave and Tidal Power Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Wave and Tidal Power Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Wave and Tidal Power Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Wave and Tidal Power Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Wave and Tidal Power Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Wave and Tidal Power Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Wave and Tidal Power Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Wave and Tidal Power Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Wave and Tidal Power Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Wave and Tidal Power Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Wave and Tidal Power Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Wave and Tidal Power Revenue, (US$, Mn), 2023-2028
Table 30. Wello Oy Corporate Summary
Table 31. Wello Oy Wave and Tidal Power Product Offerings
Table 32. Wello Oy Wave and Tidal Power Revenue (US$, Mn), (2017-2022)
Table 33. Eco Wave Power Corporate Summary
Table 34. Eco Wave Power Wave and Tidal Power Product Offerings
Table 35. Eco Wave Power Wave and Tidal Power Revenue (US$, Mn), (2017-2022)
Table 36. Marine Current Turbines (Siemens) Corporate Summary
Table 37. Marine Current Turbines (Siemens) Wave and Tidal Power Product Offerings
Table 38. Marine Current Turbines (Siemens) Wave and Tidal Power Revenue (US$, Mn), (2017-2022)
Table 39. Ocean Renewable Power Company (ORPC) Corporate Summary
Table 40. Ocean Renewable Power Company (ORPC) Wave and Tidal Power Product Offerings
Table 41. Ocean Renewable Power Company (ORPC) Wave and Tidal Power Revenue (US$, Mn), (2017-2022)
Table 42. Naval Group Corporate Summary
Table 43. Naval Group Wave and Tidal Power Product Offerings
Table 44. Naval Group Wave and Tidal Power Revenue (US$, Mn), (2017-2022)
Table 45. BioPower Systems(BPS) Corporate Summary
Table 46. BioPower Systems(BPS) Wave and Tidal Power Product Offerings
Table 47. BioPower Systems(BPS) Wave and Tidal Power Revenue (US$, Mn), (2017-2022)
Table 48. AWS Ocean Energy Corporate Summary
Table 49. AWS Ocean Energy Wave and Tidal Power Product Offerings
Table 50. AWS Ocean Energy Wave and Tidal Power Revenue (US$, Mn), (2017-2022)
Table 51. Voith Corporate Summary
Table 52. Voith Wave and Tidal Power Product Offerings
Table 53. Voith Wave and Tidal Power Revenue (US$, Mn), (2017-2022)
Table 54. Ocean Power Technologies Corporate Summary
Table 55. Ocean Power Technologies Wave and Tidal Power Product Offerings
Table 56. Ocean Power Technologies Wave and Tidal Power Revenue (US$, Mn), (2017-2022)
Table 57. Carnegie Clean Energy Corporate Summary
Table 58. Carnegie Clean Energy Wave and Tidal Power Product Offerings
Table 59. Carnegie Clean Energy Wave and Tidal Power Revenue (US$, Mn), (2017-2022)
Table 60. Verdant Power Corporate Summary
Table 61. Verdant Power Wave and Tidal Power Product Offerings
Table 62. Verdant Power Wave and Tidal Power Revenue (US$, Mn), (2017-2022)

List Of Figures

LIST OF FIGURES

Figure 1. Wave and Tidal Power Segment by Type in 2021
Figure 2. Wave and Tidal Power Segment by Application in 2021
Figure 3. Global Wave and Tidal Power Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global Wave and Tidal Power Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Wave and Tidal Power Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Wave and Tidal Power Revenue in 2021
Figure 8. By Type - Global Wave and Tidal Power Revenue Market Share, 2017-2028
Figure 9. By Application - Global Wave and Tidal Power Revenue Market Share, 2017-2028
Figure 10. By Region - Global Wave and Tidal Power Revenue Market Share, 2017-2028
Figure 11. By Country - North America Wave and Tidal Power Revenue Market Share, 2017-2028
Figure 12. US Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Wave and Tidal Power Revenue Market Share, 2017-2028
Figure 16. Germany Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 17. France Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Wave and Tidal Power Revenue Market Share, 2017-2028
Figure 24. China Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 28. India Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Wave and Tidal Power Revenue Market Share, 2017-2028
Figure 30. Brazil Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Wave and Tidal Power Revenue Market Share, 2017-2028
Figure 33. Turkey Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Wave and Tidal Power Revenue, (US$, Mn), 2017-2028
Figure 37. Wello Oy Wave and Tidal Power Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. Eco Wave Power Wave and Tidal Power Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. Marine Current Turbines (Siemens) Wave and Tidal Power Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. Ocean Renewable Power Company (ORPC) Wave and Tidal Power Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. Naval Group Wave and Tidal Power Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. BioPower Systems(BPS) Wave and Tidal Power Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. AWS Ocean Energy Wave and Tidal Power Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. Voith Wave and Tidal Power Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. Ocean Power Technologies Wave and Tidal Power Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. Carnegie Clean Energy Wave and Tidal Power Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 47. Verdant Power Wave and Tidal Power Revenue Year Over Year Growth (US$, Mn) & (2017-2022)