Tidal Energy Market Research Report - Forecast To 2027

Tidal Energy Market Information by Foundation Type (Barrage, Gravity Base, Monopile, Semi-submersible and Others), Capacity (Up to 100 kW, 100 kW to 500 kW and Above), Depth of installation (Shallow  Water, Transitional Water and Deep Water )- and region- Forecast To 2027

ID: MRFR/E&P/4032-HCR | February, 2021 | Region : Global

Tidal Energy Market Synopsis:


Tidal Energy Market is predicted to develop at a 20% CAGR in the forecast period (2020- 2027).

The report for Global Tidal Energy Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.


The world is transitioning to a low carbon future in which clean, affordable, renewable electricity powers for daily lives. Already many countries source at more than 50% of their electricity from renewables. With the right technology, investment and policy in place, believe the majority of the world will be powered by renewable energy by 2050. The increasing population and change in life style, create a great demand for energy resources. This ever increasing demand puts great pressure on non-renewable conventions energy sources and makes it necessary to look for other alternative energy resources. Renewable energy sources such as the sun, wind and water cause no emission of poisonous gases and are available locally.


Increased focus towards development of cleaner power generation technologies, which have the least negative impact on the environment, have been driving the market towards growth. Moreover, global population growth, thriving industries in emerging economies, and a rise in infrastructure development activities lead to a massive rise in demand for electricity. This factor, along with the rise in stringent environment protection regulations across the globe, is encouraging the switching to cleaner and environment-friendly energy resources. This obligation is expected to drive the global tidal energy market in future. However, innovation in design and turbine technology for tidal power is expected to influence and increase the installed capacity of tidal plants. The greatest barrier to tidal range technology advances are the relatively high upfront costs of the plants. Moreover, limited availability of sites has remained a major constraint in the development of tidal power projects. Despite all these challenges, tidal energy provides the excellent long-term potential for economic growth, and policy makers at EU and Member State level are seeking innovative ways to accelerate commercialization.


The report segments the global tidal energy market By Foundation Type (Barrage, Gravity Base, Monopile, Semi-submersible and Others), Capacity (Up to 100 kW, 100 kW to 500 kW and Above), Depth of installation (Shallow  Water, Transitional Water and Deep Water and by geography (The Americas, Europe, Asia Pacific and RoW).


The key players of global tidal energy market includes Atlantis Resources Ltd., Envirotek Pte Ltd (Singapore ), Naval Energies (franc), Tidal Energy Ltd. (TEL) (U.K), Sabella , Green Power Solutions (India), Tidal Bridge B.V.( Netherlands), SBS Intl Ltd (U.K.).


Industry Updates 


Edinburg-headquartered Nova Innovation and Sabella, of Quimper in Britanny, North-West France has teamed up for tidal energy expansion. 


Tidal Energy Market-By Segment


 Tidal Energy Market


Regional Analysis


The global market can be segmented by geography into Asia Pacific, North America, Europe, and the Rest of the World. Europe is the global leader in the development of ocean energy technologies, hosting most of the global developers (52% of tidal stream and 60% of wave energy developers). South Korea is expected to lead with the tidal barrage technology and is expected to add more capacity.


The renewable industry in North America is quite developed. According to the World Energy Agency, the driving forces to contribute in the North America market are the location, incentives, and government policies.


Whereas, the Asia Pacific region is expected to grow in the forecast period due to factors such as increasing demand for energy, identified as the best replacement to other conventional fossil fuel energy and are used to reduce carbon emission by effectively meeting the electricity needs.


Tidal power is obtained due to alternating sea levels. It is the most reliable source of renewable energy since tidal currents are 100% predictable.The kinetic energy generated from the natural rise and fall of tides is harnessed and converted into electricity. The constant change in tidal movements that occur twice a day from the moon’s gravitational force make it reliable.  A very reliable estimation of the total output from a tidal energy project can easily be made. Many recent technological developments and improvements, both in design and turbine technology indicate that the total availability of tidal power is much higher than previously assumed. Dynamic tidal power, tidal lagoons, new axial turbines, and cross flow turbines, are a few such improvements.

Table of Content


1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL


3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 BARGAINING POWER OF SUPPLIERS

3.1.4 THREAT OF SUBSTITUTES

3.1.5 SEGMENT RIVALRY

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

5 GLOBAL TIDAL ENERGY MARKET BY FOUNDATION TYPE

5.1 INTRODUCTION

5.2 BARRAGE

5.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.3 GRAVITY BASE

5.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.4 MONOPILE

5.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.5 SEMI-SUBMERSIBLE

5.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.6 OTHERS

5.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.6.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6 GLOBAL TIDAL ENERGY MARKET, BY CAPACITY

6.1 INTRODUCTION

6.2 UP TO 100 KW

6.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6.3 100 KW TO 500 KW

6.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6.4 ABOVE

6.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

7 GLOBAL TIDAL ENERGY MARKET, BY DEPTH OF INSTALLATION

7.1 INTRODUCTION

7.2 SHALLOW WATER

7.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

7.3 TRANSITIONAL WATER

7.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

7.4 DEEP WATER

7.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

8 GLOBAL TIDAL ENERGY MARKET, BY REGION

8.1 INTRODUCTION

8.2 NORTH AMERICA

8.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

8.2.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2020-2027

8.2.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2020-2027

8.2.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2020-2027

8.2.5 THE U.S

8.2.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

8.2.5.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2020-2027

8.2.5.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2020-2027

8.2.5.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2020-2027

8.2.6 CANADA

8.2.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

8.2.6.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2020-2027

8.2.6.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2020-2027

8.2.6.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2020-2027

8.3 EUROPE

8.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

8.3.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2020-2027

8.3.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2020-2027

8.3.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2020-2027

8.3.5 U.K

8.3.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

8.3.5.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2020-2027

8.3.5.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2020-2027

8.3.5.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2020-2027

8.3.6 GERMANY

8.3.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

8.3.6.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2020-2027

8.3.6.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2020-2027

8.3.6.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2020-2027

8.3.7 FRANCE

8.3.7.1 MARKET ESTIMATES & FORECAST, 2020-2027

8.3.7.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2020-2027

8.3.7.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2020-2027

8.3.7.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2020-2027

8.3.8 ITALY

8.3.8.1 MARKET ESTIMATES & FORECAST, 2020-2027

8.3.8.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2020-2027

8.3.8.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2020-2027

8.3.8.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2020-2027

8.3.9 REST OF EUROPE

8.3.9.1 MARKET ESTIMATES & FORECAST, 2020-2027

8.3.9.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2020-2027

8.3.9.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2020-2027

8.3.9.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2020-2027

8.4 ASIA PACIFIC

8.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

8.4.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2020-2027

8.4.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2020-2027

8.4.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2020-2027

8.4.5 CHINA

8.4.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

8.4.5.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2020-2027

8.4.5.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2020-2027

8.4.5.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2020-2027

8.4.6 JAPAN

8.4.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

8.4.6.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2020-2027

8.4.6.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2020-2027

8.4.6.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2020-2027

8.4.7 INDIA

8.4.7.1 MARKET ESTIMATES & FORECAST, 2020-2027

8.4.7.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2020-2027

8.4.7.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2020-2027

8.4.7.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2020-2027

8.4.8 REST OF ASIA PACIFIC

8.4.8.1 MARKET ESTIMATES & FORECAST, 2020-2027

8.4.8.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2020-2027

8.4.8.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2020-2027

8.4.8.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2020-2027

8.5 REST OF THE WORLD

8.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

8.5.2 MARKET ESTIMATES & FORECAST BY FOUNDATION TYPE, 2020-2027

8.5.3 MARKET ESTIMATES & FORECAST BY CAPACITY, 2020-2027

8.5.4 MARKET ESTIMATES & FORECAST BY DEPTH OF INSTALLATION, 2020-2027

9 COMPETITIVE LANDSCAPE

10 COMPANY PROFILE

10.1 ATLANTIS RESOURCES LTD. (SINGAPORE)

10.1.1 COMPANY OVERVIEW

10.1.2 PRODUCTS/SERVICES OFFERING

10.1.3 FINANCIAL OVERVIEW

10.1.4 KEY DEVELOPMENTS

10.1.5 STRATEGY

10.1.6 SWOT ANALYSIS

10.2 ENVIROTEK PTE LTD (SINGAPORE)

10.2.1 COMPANY OVERVIEW

10.2.2 PRODUCTS/SERVICES OFFERING

10.2.3 FINANCIAL OVERVIEW

10.2.4 KEY DEVELOPMENTS

10.2.5 STRATEGY

10.2.6 SWOT ANALYSIS

10.3 NAVAL ENERGIES (FRANCE),

10.3.1 COMPANY OVERVIEW

10.3.2 PRODUCTS/SERVICES OFFERING

10.3.3 FINANCIAL OVERVIEW

10.3.4 KEY DEVELOPMENTS

10.3.5 STRATEGY

10.3.6 SWOT ANALYSIS

10.4 TIDAL ENERGY LTD. (TEL) (U.K)

10.4.1 COMPANY OVERVIEW

10.4.2 PRODUCTS/SERVICES OFFERING

10.4.3 FINANCIAL OVERVIEW

10.4.4 KEY DEVELOPMENTS

10.4.5 STRATEGY

10.4.6 SWOT ANALYSIS

10.5 SABELLA (FRANCE)

10.5.1 COMPANY OVERVIEW

10.5.2 PRODUCTS/SERVICES OFFERING

10.5.3 FINANCIAL OVERVIEW

10.5.4 KEY DEVELOPMENTS

10.5.5 STRATEGY

10.5.6 SWOT ANALYSIS

10.6 GREEN POWER SOLUTIONS (INDIA)

10.6.1 COMPANY OVERVIEW

10.6.2 PRODUCTS/SERVICES OFFERING

10.6.3 FINANCIAL OVERVIEW

10.6.4 KEY DEVELOPMENTS

10.6.5 STRATEGY

10.6.6 SWOT ANALYSIS

10.7 TIDAL BRIDGE B.V. (NETHERLANDS)

10.7.1 COMPANY OVERVIEW

10.7.2 PRODUCTS/SERVICES OFFERING

10.7.3 FINANCIAL OVERVIEW

10.7.4 KEY DEVELOPMENTS

10.7.5 STRATEGY

10.7.6 SWOT ANALYSIS

10.8 SBS INTL LTD (U.K)

10.8.1 COMPANY OVERVIEW

10.8.2 PRODUCTS/SERVICES OFFERING

10.8.3 FINANCIAL OVERVIEW

10.8.4 KEY DEVELOPMENTS

10.8.5 STRATEGY

10.8.6 SWOT ANALYSIS


LIST OF TABLES


TABLE 1 GLOBAL TIDAL ENERGY MARKET: BY REGION, 2020-2027

TABLE 2 NORTH AMERICA TIDAL ENERGY MARKET: BY COUNTRY, 2020-2027

TABLE 3 EUROPE TIDAL ENERGY MARKET: BY COUNTRY, 2020-2027

TABLE 4 ASIA PACIFIC TIDAL ENERGY MARKET: BY COUNTRY, 2020-2027

TABLE 5 ROW TIDAL ENERGY MARKET: BY COUNTRY, 2020-2027

TABLE 6 GLOBAL TIDAL ENERGY MARKET BY FOUNDATION TYPE, BY REGIONS, 2020-2027

TABLE 7 NORTH AMERICA TIDAL ENERGY MARKET BY FOUNDATION TYPE, BY COUNTRY, 2020-2027

TABLE 8 EUROPE TIDAL ENERGY MARKET, BY FOUNDATION TYPE, BY COUNTRY, 2020-2027

TABLE 9 ASIA PACIFIC TIDAL ENERGY MARKET BY FOUNDATION TYPE, BY COUNTRY, 2020-2027

TABLE 10 ROW TIDAL ENERGY MARKET BY FOUNDATION TYPE, BY COUNTRY, 2020-2027

TABLE 11 GLOBAL TIDAL ENERGY BY CAPACITY MARKET: BY REGIONS, 2020-2027

TABLE 12 NORTH AMERICA TIDAL ENERGY MARKET BY CAPACITY: BY COUNTRY, 2020-2027

TABLE 13 EUROPE TIDAL ENERGY MARKET BY CAPACITY: BY COUNTRY, 2020-2027

TABLE 14 ASIA PACIFIC TIDAL ENERGY MARKET BY CAPACITY: BY COUNTRY, 2020-2027

TABLE 15 ROW TIDAL ENERGY MARKET BY CAPACITY: BY COUNTRY, 2020-2027

TABLE 16 GLOBAL TIDAL ENERGY MARKET BY DEPTH OF INSTALLATION, BY REGIONS, 2020-2027

TABLE 17 NORTH AMERICA TIDAL ENERGY MARKET BY DEPTH OF INSTALLATION, BY COUNTRY, 2020-2027

TABLE 18 EUROPE TIDAL ENERGY MARKET BY DEPTH OF INSTALLATION, BY COUNTRY, 2020-2027

TABLE 19 ASIA PACIFIC TIDAL ENERGY MARKET BY DEPTH OF INSTALLATION, BY COUNTRY, 2020-2027

TABLE 20 ROW TIDAL ENERGY MARKET BY DEPTH OF INSTALLATION, BY COUNTRY, 2020-2027

TABLE 21 GLOBAL FOUNDATION TYPE MARKET: BY REGION, 2020-2027

TABLE 22 GLOBAL CAPACITY MARKET: BY REGION, 2020-2027

TABLE 23 GLOBAL DEPTH OF INSTALLATION MARKET: BY REGION, 2020-2027

TABLE 24 NORTH AMERICA TIDAL ENERGY MARKET BY COUNTRY

TABLE 25 NORTH AMERICA TIDAL ENERGY MARKET BY FOUNDATION TYPE

TABLE 26 NORTH AMERICA TIDAL ENERGY MARKET BY CAPACITY

TABLE 27 NORTH AMERICA TIDAL ENERGY MARKET BY DEPTH OF INSTALLATION

TABLE 28 EUROPE: TIDAL ENERGY MARKET BY COUNTRY

TABLE 29 EUROPE: TIDAL ENERGY MARKET BY FOUNDATION TYPE

TABLE 30 EUROPE: TIDAL ENERGY MARKET BY CAPACITY

TABLE 31 EUROPE: TIDAL ENERGY MARKET BY DEPTH OF INSTALLATION

TABLE 32 ASIA PACIFIC: TIDAL ENERGY MARKET BY COUNTRY

TABLE 33 ASIA PACIFIC: TIDAL ENERGY MARKET BY FOUNDATION TYPE

TABLE 34 ASIA PACIFIC: TIDAL ENERGY MARKET BY CAPACITY

TABLE 35 ASIA PACIFIC: TIDAL ENERGY MARKET BY DEPTH OF INSTALLATION

TABLE 36 ROW: TIDAL ENERGY MARKET BY REGION

TABLE 37 ROW TIDAL ENERGY MARKET BY FOUNDATION TYPE

TABLE 38 ROW TIDAL ENERGY MARKET BY CAPACITY

TABLE 39 ROW TIDAL ENERGY MARKET BY DEPTH OF INSTALLATION



LIST OF FIGURES


FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL TIDAL ENERGY MARKET SHARE, BY RAW MATERIAL, 2020 (%)

FIGURE 9 GLOBAL TIDAL ENERGY MARKET BY FOUNDATION TYPE, 2020-2027 (USD MILLION)

FIGURE 10 GLOBAL TIDAL ENERGY MARKET SHARE, BY APPLICATION, 2020 (%)

FIGURE 11 GLOBAL TIDAL ENERGY MARKET BY DEPTH OF INSTALLATION, 2020-2027 (USD MILLION)

FIGURE 12 GLOBAL TIDAL ENERGY MARKET SHARE (%), BY REGION, 2020

FIGURE 13 GLOBAL TIDAL ENERGY MARKET BY REGION, 2020-2027 (USD MILLION)

FIGURE 14 NORTH AMERICA TIDAL ENERGY MARKET SHARE (%), 2020

FIGURE 15 NORTH AMERICA TIDAL ENERGY MARKET BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 16 EUROPE TIDAL ENERGY MARKET SHARE (%), 2020

FIGURE 17 EUROPE TIDAL ENERGY MARKET BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 18 ASIA PACIFIC TIDAL ENERGY MARKET SHARE (%), 2020

FIGURE 19 ASIA PACIFIC TIDAL ENERGY MARKET BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 20 REST OF THE WORLD TIDAL ENERGY MARKET SHARE (%), 2020

FIGURE 21 REST OF THE WORLD TIDAL ENERGY MARKET BY COUNTRY, 2020-2027 (USD MILLION)

Tidal Energy Market