Wave And Tidal Energy Market
PUBLISHED: 2022 ID: SMRC19282
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Wave And Tidal Energy Market

Wave and Tidal Energy Market Forecasts to 2028 – Global Analysis By Type (Tidal Energy, Wave Energy), Technology (Barrage, Dynamic Tidal Power), End User (Marine, Industrial, Commercial) and By Geography

4.7 (28 reviews)
4.7 (28 reviews)
Published: 2022 ID: SMRC19282

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2021)

US $0.69 BN

Projected Year Value (2028)

US $4.41 BN

CAGR (2021 - 2028)

30.3%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe


According to Stratistics MRC, the Global Wave and Tidal Energy Market is accounted for $0.69 billion in 2021 and is expected to reach $4.41 billion by 2028 growing at a CAGR of 30.3% during the forecast period. Wave energy is the energy of the ocean surface waves, which is captured for electricity generation, desalination, and the pumping of water into reservoirs. Wave and tidal energy are considered to be the most promising green technologies as they generate the most concentrated source of renewable energy.



Market Dynamics:

Driver:

Power generation by renewable energy sources


The rapid growth of power consumption globally has enhanced the power generation capacity to meet the global demand. Power generation by renewable energy sources (RESs) is the best alternative solution due to its availability and environment-friendly. Among RESs, the energy conversion by ocean wave is considered one of the leading technologies to generate more than 1,000 – 10,000 GW of electrical power, which is anticipated to meet rising electricity demand, and propelling opportunities for producing electricity with wave power.

Restraint:

Lack of technological developments and environmental


Wave and tidal devices are used in capturing the power contained in ocean for the generated electricity. Power extraction from waves and tide is not a recent occurrence, as researchers have been studying different concepts or solutions since the 1970s. Currently, this technology is evolving to a phase where demonstration of wave projects is being deployed. However, the technology has not converged with any design technology and the exploration of this technology has added complexity in the sector.

Opportunity:

Rapid development in renewable energy sector


The transformation of energy across the globe is accelerating the renewable sector with technological progress, development priorities, and others due to the rapid exhaustion of fossil fuels, and rising environmental concerns. With the necessary infrastructure resources, the government looks beyond the total energy supply with economic and scalable solutions. However, to assess the viability of a new form of power, countries such as the U.K. have initiated strategies for the growth of clean energy, including cost reduction in technology, reduction in carbon emission, and development of leading technology. Several technologies such as wind, solar, wave and tidal, and others have stood out for their importance in reducing carbon emissions.

Threat:

Lack of industrial coherence


The lack of industrial coherence is bounded by supply chains for various planning and technological development components. In addition to the technical barrier, the higher cost associated with building and maintaining the structures is considerably higher than other forms of renewable sources as operating and maintaining any facility in the open sea has many challenges affecting the economics of scale, including the current and projected cost. However, as per IRENA wave energy technology brief, synergies with other industries such as oil and gas and wind are being pursued, reducing the cost of installations, operations, and maintenance, which accounts for 41% of project life costs.

The tidal energy segment is expected to have the highest CAGR during the forecast period

The tidal energy segment is growing at the highest CAGR in the market during the forecast period owing to the steady progression of development of converters and a significant step toward the commercialization of tidal technology.

Region with highest share:

Asia Pacific is projected to hold the largest share in the market due to the growing large-scale development of wave and tidal power generation projects in countries such as China, Japan, South Korea, and other APAC countries. The large-scale deployment of these projects is expected to boost the growth of the market during the forecast period.

Region with highest CAGR:

Europe is projected to have the highest CAGR in the market. The ongoing efforts by the governments in the region to cut down the carbon footprint, smaller region with surrounded by the coastline, and the rapid pace of technological advancements are expected to be the key contributors to the regional market’s growth in the near future.



Key players in the market:

Some of the key players profiled in the Wave and Tidal Energy Market include Aquagen Technologies, Aquamarine Power Ltd., Atlantis Resources, BioPower Systems, Carnegie Wave Energy, Kepler Energy Limited, Marine Current Turbines, Minesto, Nova Innovation, Ocean Power Technologies, Ocean Renewable Power Company, Pelamis Wave Power, Seabased AB, SIMEC Atlantis Energy Limited, Tenax Energy, Tidal Power Limited, Tocardo International BV, Trident Energy, Wave Dragon, and Wave Star Energy A/S.

Key developments:

In December 2019: Nova Innovation announced that the company was expanding its presence in North America region. The company had received a permit to develop a 1.5MW tidal array in Petit Passage, in the Bay of Fundy area of Nova Scotia. The company has planned to install a single turbine in 2020, and then installation of 15 tidal stream turbines in three phases of 0.5MW by 2023. The project is expected to create enough energy to power 600 homes in the region.

In October 2019: SIMEC Atlantis Energy Limited announced that the company has signed a contract with Kyuden Mirai Energy of Japan, to provide tidal generation equipment and offshore construction services for a demonstration project in Japan. The Atlantis Turbine and Engineering Services Division would provide and install an AR-Series turbine. The system was to be deployed in the Nagasaki Prefecture for demonstration and was expected to be operating at a reduced generation output of around 500 kW.

Types Covered:
• Tidal Energy      
• Wave Energy 

Technologies Covered:
• Barrage        
• Dynamic Tidal Power      
• Oscillating Water Columns     
• Oscillating Wave Surge Converter    
• Overtopping Device      
• Pendulor Device      
• Pitching Devices      
• Point Absorber/Buoy      
• Surface Attenuator      
• Tidal Fences      
• Tidal Steam Generator     
• Underwater Tidal Turbines     
• Other Technologies      

End Users Covered:
• Residential      
• Power       
• Marine       
• Industrial       
• Commercial      
• Automotive

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
        
2 Preface       

 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 Technology Analysis      
 3.7 End User Analysis      
 3.8 Emerging Markets      
 3.9 Impact of Covid-19      
        
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global Wave and Tidal Energy Market, By Type       

 5.1 Introduction      
 5.2 Tidal Energy             
  5.2.1 Tidal Stream Energy           
  5.2.2 Tidal Range           
 5.3 Wave Energy        
        
6 Global Wave and Tidal Energy Market, By Technology       
 6.1 Introduction      
 6.2 Barrage              
 6.3 Dynamic Tidal Power             
 6.4 Oscillating Water Columns            
 6.5 Oscillating Wave Surge Converter           
 6.6 Overtopping Device             
 6.7 Pendulor Device             
 6.8 Pitching Devices             
 6.9 Point Absorber/Buoy             
 6.10 Surface Attenuator             
 6.11 Tidal Fences             
 6.12 Tidal Steam Generator            
 6.13 Underwater Tidal Turbines            
 6.14 Other Technologies             
  6.14.1 Turbine            
  6.14.2 Lagoon     
        
7 Global Wave and Tidal Energy Market, By End User       
 7.1 Introduction      
 7.2 Residential             
 7.3 Power              
 7.4 Marine              
 7.5 Industrial              
 7.6 Commercial             
 7.7 Automotive      
        
8 Global Wave and Tidal Energy Market, By Geography       
 8.1 Introduction      
 8.2 North America      
  8.2.1 US     
  8.2.2 Canada     
  8.2.3 Mexico     
 8.3 Europe      
  8.3.1 Germany     
  8.3.2 UK     
  8.3.3 Italy     
  8.3.4 France     
  8.3.5 Spain     
  8.3.6 Rest of Europe     
 8.4 Asia Pacific      
  8.4.1 Japan     
  8.4.2 China     
  8.4.3 India     
  8.4.4 Australia     
  8.4.5 New Zealand     
  8.4.6 South Korea     
  8.4.7 Rest of Asia Pacific     
 8.5 South America      
  8.5.1 Argentina     
  8.5.2 Brazil     
  8.5.3 Chile     
  8.5.4 Rest of South America     
 8.6 Middle East & Africa      
  8.6.1 Saudi Arabia     
  8.6.2 UAE     
  8.6.3 Qatar     
  8.6.4 South Africa     
  8.6.5 Rest of Middle East & Africa     
        
9 Key Developments       
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 9.2 Acquisitions & Mergers      
 9.3 New Product Launch      
 9.4 Expansions      
 9.5 Other Key Strategies      
        
10 Company Profiling       
 10.1 Aquagen Technologies            
 10.2 Aquamarine Power Ltd.            
 10.3 Atlantis Resources               
 10.4 BioPower Systems             
 10.5 Carnegie Wave Energy            
 10.6 Kepler Energy Limited            
 10.7 Marine Current Turbines            
 10.8 Minesto              
 10.9 Nova Innovation      
 10.10 Ocean Power Technologies             
 10.11 Ocean Renewable Power Company           
 10.12 Pelamis Wave Power             
 10.13 Seabased AB             
 10.14 SIMEC Atlantis Energy Limited      
 10.15 Tenax Energy      
 10.16 Tidal Power Limited             
 10.17 Tocardo International BV            
 10.18 Trident Energy             
 10.19 Wave Dragon             
 10.20 Wave Star Energy A/S            


List of Tables        
1 Global Wave and Tidal Energy Market Outlook, By Region (2020-2028) ($MN)        
2 Global Wave and Tidal Energy Market Outlook, By Type (2020-2028) ($MN)       
3 Global Wave and Tidal Energy Market Outlook, By Tidal Energy (2020-2028) ($MN)       
4 Global Wave and Tidal Energy Market Outlook, By Tidal Stream Energy (2020-2028) ($MN)       
5 Global Wave and Tidal Energy Market Outlook, By Tidal Range (2020-2028) ($MN)       
6 Global Wave and Tidal Energy Market Outlook, By Wave Energy (2020-2028) ($MN)       
7 Global Wave and Tidal Energy Market Outlook, By Technology (2020-2028) ($MN)       
8 Global Wave and Tidal Energy Market Outlook, By Barrage  (2020-2028) ($MN)       
9 Global Wave and Tidal Energy Market Outlook, By Dynamic Tidal Power (2020-2028) ($MN)       
10 Global Wave and Tidal Energy Market Outlook, By Oscillating Water Columns (2020-2028) ($MN)       
11 Global Wave and Tidal Energy Market Outlook, By Oscillating Wave Surge Converter (2020-2028) ($MN)       
12 Global Wave and Tidal Energy Market Outlook, By Overtopping Device (2020-2028) ($MN)        
13 Global Wave and Tidal Energy Market Outlook, By Pendulor Device (2020-2028) ($MN)       
14 Global Wave and Tidal Energy Market Outlook, By Pitching Devices (2020-2028) ($MN)       
15 Global Wave and Tidal Energy Market Outlook, By Point Absorber/Buoy (2020-2028) ($MN)       
16 Global Wave and Tidal Energy Market Outlook, By Surface Attenuator (2020-2028) ($MN)       
17 Global Wave and Tidal Energy Market Outlook, By Tidal Fences (2020-2028) ($MN)       
18 Global Wave and Tidal Energy Market Outlook, By Tidal Steam Generator (2020-2028) ($MN)       
19 Global Wave and Tidal Energy Market Outlook, By Underwater Tidal Turbines (2020-2028) ($MN)       
20 Global Wave and Tidal Energy Market Outlook, By Other Technologies (2020-2028) ($MN)        
21 Global Wave and Tidal Energy Market Outlook, By Turbine (2020-2028) ($MN)       
22 Global Wave and Tidal Energy Market Outlook, By Lagoon (2020-2028) ($MN)       
23 Global Wave and Tidal Energy Market Outlook, By End User (2020-2028) ($MN)       
24 Global Wave and Tidal Energy Market Outlook, By Residential (2020-2028) ($MN)       
25 Global Wave and Tidal Energy Market Outlook, By Power  (2020-2028) ($MN)       
26 Global Wave and Tidal Energy Market Outlook, By Marine  (2020-2028) ($MN)        
27 Global Wave and Tidal Energy Market Outlook, By Industrial  (2020-2028) ($MN)       
28 Global Wave and Tidal Energy Market Outlook, By Commercial (2020-2028) ($MN)       
29 Global Wave and Tidal Energy Market Outlook, By Automotive (2020-2028) ($MN)       
30 North America Wave and Tidal Energy Market Outlook, By Country (2020-2028) ($MN)       
31 North America Wave and Tidal Energy Market Outlook, By Type (2020-2028) ($MN)       
32 North America Wave and Tidal Energy Market Outlook, By Tidal Energy (2020-2028) ($MN)       
33 North America Wave and Tidal Energy Market Outlook, By Tidal Stream Energy (2020-2028) ($MN)       
34 North America Wave and Tidal Energy Market Outlook, By Tidal Range (2020-2028) ($MN)       
35 North America Wave and Tidal Energy Market Outlook, By Wave Energy (2020-2028) ($MN)       
36 North America Wave and Tidal Energy Market Outlook, By Technology (2020-2028) ($MN)       
37 North America Wave and Tidal Energy Market Outlook, By Barrage  (2020-2028) ($MN)        
38 North America Wave and Tidal Energy Market Outlook, By Dynamic Tidal Power (2020-2028) ($MN)       
39 North America Wave and Tidal Energy Market Outlook, By Oscillating Water Columns (2020-2028) ($MN)       
40 North America Wave and Tidal Energy Market Outlook, By Oscillating Wave Surge Converter (2020-2028) ($MN)       
41 North America Wave and Tidal Energy Market Outlook, By Overtopping Device (2020-2028) ($MN)       
42 North America Wave and Tidal Energy Market Outlook, By Pendulor Device (2020-2028) ($MN)       
43 North America Wave and Tidal Energy Market Outlook, By Pitching Devices (2020-2028) ($MN)       
44 North America Wave and Tidal Energy Market Outlook, By Point Absorber/Buoy (2020-2028) ($MN)       
45 North America Wave and Tidal Energy Market Outlook, By Surface Attenuator (2020-2028) ($MN)       
46 North America Wave and Tidal Energy Market Outlook, By Tidal Fences (2020-2028) ($MN)       
47 North America Wave and Tidal Energy Market Outlook, By Tidal Steam Generator (2020-2028) ($MN)       
48 North America Wave and Tidal Energy Market Outlook, By Underwater Tidal Turbines (2020-2028) ($MN)       
49 North America Wave and Tidal Energy Market Outlook, By Other Technologies (2020-2028) ($MN)       
50 North America Wave and Tidal Energy Market Outlook, By Turbine (2020-2028) ($MN)       
51 North America Wave and Tidal Energy Market Outlook, By Lagoon (2020-2028) ($MN)       
52 North America Wave and Tidal Energy Market Outlook, By End User (2020-2028) ($MN)        
53 North America Wave and Tidal Energy Market Outlook, By Residential (2020-2028) ($MN)       
54 North America Wave and Tidal Energy Market Outlook, By Power  (2020-2028) ($MN)       
55 North America Wave and Tidal Energy Market Outlook, By Marine  (2020-2028) ($MN)       
56 North America Wave and Tidal Energy Market Outlook, By Industrial  (2020-2028) ($MN)       
57 North America Wave and Tidal Energy Market Outlook, By Commercial (2020-2028) ($MN)       
58 North America Wave and Tidal Energy Market Outlook, By Automotive (2020-2028) ($MN)       
59 Europe Wave and Tidal Energy Market Outlook, By Country (2020-2028) ($MN)       
60 Europe Wave and Tidal Energy Market Outlook, By Type (2020-2028) ($MN)       
61 Europe Wave and Tidal Energy Market Outlook, By Tidal Energy (2020-2028) ($MN)       
62 Europe Wave and Tidal Energy Market Outlook, By Tidal Stream Energy (2020-2028) ($MN)       
63 Europe Wave and Tidal Energy Market Outlook, By Tidal Range (2020-2028) ($MN)       
64 Europe Wave and Tidal Energy Market Outlook, By Wave Energy (2020-2028) ($MN)       
65 Europe Wave and Tidal Energy Market Outlook, By Technology (2020-2028) ($MN)       
66 Europe Wave and Tidal Energy Market Outlook, By Barrage  (2020-2028) ($MN)       
67 Europe Wave and Tidal Energy Market Outlook, By Dynamic Tidal Power (2020-2028) ($MN)       
68 Europe Wave and Tidal Energy Market Outlook, By Oscillating Water Columns (2020-2028) ($MN)       
69 Europe Wave and Tidal Energy Market Outlook, By Oscillating Wave Surge Converter (2020-2028) ($MN)       
70 Europe Wave and Tidal Energy Market Outlook, By Overtopping Device (2020-2028) ($MN)       
71 Europe Wave and Tidal Energy Market Outlook, By Pendulor Device (2020-2028) ($MN)       
72 Europe Wave and Tidal Energy Market Outlook, By Pitching Devices (2020-2028) ($MN)       
73 Europe Wave and Tidal Energy Market Outlook, By Point Absorber/Buoy (2020-2028) ($MN)       
74 Europe Wave and Tidal Energy Market Outlook, By Surface Attenuator (2020-2028) ($MN)       
75 Europe Wave and Tidal Energy Market Outlook, By Tidal Fences (2020-2028) ($MN)       
76 Europe Wave and Tidal Energy Market Outlook, By Tidal Steam Generator (2020-2028) ($MN)       
77 Europe Wave and Tidal Energy Market Outlook, By Underwater Tidal Turbines (2020-2028) ($MN)       
78 Europe Wave and Tidal Energy Market Outlook, By Other Technologies (2020-2028) ($MN)       
79 Europe Wave and Tidal Energy Market Outlook, By Turbine (2020-2028) ($MN)       
80 Europe Wave and Tidal Energy Market Outlook, By Lagoon (2020-2028) ($MN)       
81 Europe Wave and Tidal Energy Market Outlook, By End User (2020-2028) ($MN)       
82 Europe Wave and Tidal Energy Market Outlook, By Residential (2020-2028) ($MN)       
83 Europe Wave and Tidal Energy Market Outlook, By Power  (2020-2028) ($MN)       
84 Europe Wave and Tidal Energy Market Outlook, By Marine  (2020-2028) ($MN)       
85 Europe Wave and Tidal Energy Market Outlook, By Industrial  (2020-2028) ($MN)       
86 Europe Wave and Tidal Energy Market Outlook, By Commercial (2020-2028) ($MN)       
87 Europe Wave and Tidal Energy Market Outlook, By Automotive (2020-2028) ($MN)       
88 Asia Pacific Wave and Tidal Energy Market Outlook, By Country (2020-2028) ($MN)       
89 Asia Pacific Wave and Tidal Energy Market Outlook, By Type (2020-2028) ($MN)       
90 Asia Pacific Wave and Tidal Energy Market Outlook, By Tidal Energy (2020-2028) ($MN)       
91 Asia Pacific Wave and Tidal Energy Market Outlook, By Tidal Stream Energy (2020-2028) ($MN)       
92 Asia Pacific Wave and Tidal Energy Market Outlook, By Tidal Range (2020-2028) ($MN)       
93 Asia Pacific Wave and Tidal Energy Market Outlook, By Wave Energy (2020-2028) ($MN)       
94 Asia Pacific Wave and Tidal Energy Market Outlook, By Technology (2020-2028) ($MN)       
95 Asia Pacific Wave and Tidal Energy Market Outlook, By Barrage  (2020-2028) ($MN)       
96 Asia Pacific Wave and Tidal Energy Market Outlook, By Dynamic Tidal Power (2020-2028) ($MN)       
97 Asia Pacific Wave and Tidal Energy Market Outlook, By Oscillating Water Columns (2020-2028) ($MN)       
98 Asia Pacific Wave and Tidal Energy Market Outlook, By Oscillating Wave Surge Converter (2020-2028) ($MN)       
99 Asia Pacific Wave and Tidal Energy Market Outlook, By Overtopping Device (2020-2028) ($MN)       
100 Asia Pacific Wave and Tidal Energy Market Outlook, By Pendulor Device (2020-2028) ($MN)       
101 Asia Pacific Wave and Tidal Energy Market Outlook, By Pitching Devices (2020-2028) ($MN)        
102 Asia Pacific Wave and Tidal Energy Market Outlook, By Point Absorber/Buoy (2020-2028) ($MN)       
103 Asia Pacific Wave and Tidal Energy Market Outlook, By Surface Attenuator (2020-2028) ($MN)       
104 Asia Pacific Wave and Tidal Energy Market Outlook, By Tidal Fences (2020-2028) ($MN)       
105 Asia Pacific Wave and Tidal Energy Market Outlook, By Tidal Steam Generator (2020-2028) ($MN)       
106 Asia Pacific Wave and Tidal Energy Market Outlook, By Underwater Tidal Turbines (2020-2028) ($MN)       
107 Asia Pacific Wave and Tidal Energy Market Outlook, By Other Technologies (2020-2028) ($MN)       
108 Asia Pacific Wave and Tidal Energy Market Outlook, By Turbine (2020-2028) ($MN)       
109 Asia Pacific Wave and Tidal Energy Market Outlook, By Lagoon (2020-2028) ($MN)       
110 Asia Pacific Wave and Tidal Energy Market Outlook, By End User (2020-2028) ($MN)       
111 Asia Pacific Wave and Tidal Energy Market Outlook, By Residential (2020-2028) ($MN)       
112 Asia Pacific Wave and Tidal Energy Market Outlook, By Power  (2020-2028) ($MN)       
113 Asia Pacific Wave and Tidal Energy Market Outlook, By Marine  (2020-2028) ($MN)       
114 Asia Pacific Wave and Tidal Energy Market Outlook, By Industrial  (2020-2028) ($MN)       
115 Asia Pacific Wave and Tidal Energy Market Outlook, By Commercial (2020-2028) ($MN)       
116 Asia Pacific Wave and Tidal Energy Market Outlook, By Automotive (2020-2028) ($MN)       
117 South America Wave and Tidal Energy Market Outlook, By Country (2020-2028) ($MN)       
118 South America Wave and Tidal Energy Market Outlook, By Type (2020-2028) ($MN)       
119 South America Wave and Tidal Energy Market Outlook, By Tidal Energy (2020-2028) ($MN)       
120 South America Wave and Tidal Energy Market Outlook, By Tidal Stream Energy (2020-2028) ($MN)       
121 South America Wave and Tidal Energy Market Outlook, By Tidal Range (2020-2028) ($MN)       
122 South America Wave and Tidal Energy Market Outlook, By Wave Energy (2020-2028) ($MN)       
123 South America Wave and Tidal Energy Market Outlook, By Technology (2020-2028) ($MN)       
124 South America Wave and Tidal Energy Market Outlook, By Barrage  (2020-2028) ($MN)       
125 South America Wave and Tidal Energy Market Outlook, By Dynamic Tidal Power (2020-2028) ($MN)       
126 South America Wave and Tidal Energy Market Outlook, By Oscillating Water Columns (2020-2028) ($MN)       
127 South America Wave and Tidal Energy Market Outlook, By Oscillating Wave Surge Converter (2020-2028) ($MN)       
128 South America Wave and Tidal Energy Market Outlook, By Overtopping Device (2020-2028) ($MN)       
129 South America Wave and Tidal Energy Market Outlook, By Pendulor Device (2020-2028) ($MN)       
130 South America Wave and Tidal Energy Market Outlook, By Pitching Devices (2020-2028) ($MN)       
131 South America Wave and Tidal Energy Market Outlook, By Point Absorber/Buoy (2020-2028) ($MN)       
132 South America Wave and Tidal Energy Market Outlook, By Surface Attenuator (2020-2028) ($MN)       
133 South America Wave and Tidal Energy Market Outlook, By Tidal Fences (2020-2028) ($MN)       
134 South America Wave and Tidal Energy Market Outlook, By Tidal Steam Generator (2020-2028) ($MN)       
135 South America Wave and Tidal Energy Market Outlook, By Underwater Tidal Turbines (2020-2028) ($MN)       
136 South America Wave and Tidal Energy Market Outlook, By Other Technologies (2020-2028) ($MN)       
137 South America Wave and Tidal Energy Market Outlook, By Turbine (2020-2028) ($MN)       
138 South America Wave and Tidal Energy Market Outlook, By Lagoon (2020-2028) ($MN)       
139 South America Wave and Tidal Energy Market Outlook, By End User (2020-2028) ($MN)       
140 South America Wave and Tidal Energy Market Outlook, By Residential (2020-2028) ($MN)       
141 South America Wave and Tidal Energy Market Outlook, By Power  (2020-2028) ($MN)       
142 South America Wave and Tidal Energy Market Outlook, By Marine  (2020-2028) ($MN)       
143 South America Wave and Tidal Energy Market Outlook, By Industrial  (2020-2028) ($MN)       
144 South America Wave and Tidal Energy Market Outlook, By Commercial (2020-2028) ($MN)       
145 South America Wave and Tidal Energy Market Outlook, By Automotive (2020-2028) ($MN)        
146 Middle East & Africa Wave and Tidal Energy Market Outlook, By Country (2020-2028) ($MN)       
147 Middle East & Africa Wave and Tidal Energy Market Outlook, By Type (2020-2028) ($MN)       
148 Middle East & Africa Wave and Tidal Energy Market Outlook, By Tidal Energy (2020-2028) ($MN)       
149 Middle East & Africa Wave and Tidal Energy Market Outlook, By Tidal Stream Energy (2020-2028) ($MN)       
150 Middle East & Africa Wave and Tidal Energy Market Outlook, By Tidal Range (2020-2028) ($MN)       
151 Middle East & Africa Wave and Tidal Energy Market Outlook, By Wave Energy (2020-2028) ($MN)       
152 Middle East & Africa Wave and Tidal Energy Market Outlook, By Technology (2020-2028) ($MN)       
153 Middle East & Africa Wave and Tidal Energy Market Outlook, By Barrage  (2020-2028) ($MN)       
154 Middle East & Africa Wave and Tidal Energy Market Outlook, By Dynamic Tidal Power (2020-2028) ($MN)       
155 Middle East & Africa Wave and Tidal Energy Market Outlook, By Oscillating Water Columns (2020-2028) ($MN)       
156 Middle East & Africa Wave and Tidal Energy Market Outlook, By Oscillating Wave Surge Converter (2020-2028) ($MN)       
157 Middle East & Africa Wave and Tidal Energy Market Outlook, By Overtopping Device (2020-2028) ($MN)       
158 Middle East & Africa Wave and Tidal Energy Market Outlook, By Pendulor Device (2020-2028) ($MN)       
159 Middle East & Africa Wave and Tidal Energy Market Outlook, By Pitching Devices (2020-2028) ($MN)       
160 Middle East & Africa Wave and Tidal Energy Market Outlook, By Point Absorber/Buoy (2020-2028) ($MN)       
161 Middle East & Africa Wave and Tidal Energy Market Outlook, By Surface Attenuator (2020-2028) ($MN)       
162 Middle East & Africa Wave and Tidal Energy Market Outlook, By Tidal Fences (2020-2028) ($MN)       
163 Middle East & Africa Wave and Tidal Energy Market Outlook, By Tidal Steam Generator (2020-2028) ($MN)       
164 Middle East & Africa Wave and Tidal Energy Market Outlook, By Underwater Tidal Turbines (2020-2028) ($MN)       
165 Middle East & Africa Wave and Tidal Energy Market Outlook, By Other Technologies (2020-2028) ($MN)       
166 Middle East & Africa Wave and Tidal Energy Market Outlook, By Turbine (2020-2028) ($MN)       
167 Middle East & Africa Wave and Tidal Energy Market Outlook, By Lagoon (2020-2028) ($MN)       
168 Middle East & Africa Wave and Tidal Energy Market Outlook, By End User (2020-2028) ($MN)       
169 Middle East & Africa Wave and Tidal Energy Market Outlook, By Residential (2020-2028) ($MN)       
170 Middle East & Africa Wave and Tidal Energy Market Outlook, By Power  (2020-2028) ($MN)       
171 Middle East & Africa Wave and Tidal Energy Market Outlook, By Marine  (2020-2028) ($MN)       
172 Middle East & Africa Wave and Tidal Energy Market Outlook, By Industrial  (2020-2028) ($MN)       
173 Middle East & Africa Wave and Tidal Energy Market Outlook, By Commercial (2020-2028) ($MN)       
174 Middle East & Africa Wave and Tidal Energy Market Outlook, By Automotive (2020-2028) ($MN)        

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

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