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1. MARKET OVERVIEW
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Ocean Energy (Tidal Stream and Wave) – Global Key Competitors Percentage Market Share in 2023 (E) |
Ocean Energy: Prelude |
Wave Energy |
EXHIBIT: Global Wave Energy Devices Breakdown (%) by Application: 2017 |
Major Resources |
Tidal Energy |
Tidal Streams |
Floating Offshore Wind Turbine (FOWT) |
Ocean Thermal Energy |
Salt Power |
Ocean: One of the Largest Renewable Energy Sources |
EXHIBIT: Worldwide Major Locations with Mean Tidal Range >5 Meters |
Sustained Rise in Electric Power Consumption Drives the Need for Alternative Energy Sources |
EXHIBIT: Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035 |
EXHIBIT: Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040 |
EXHIBIT: Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030 |
Shift to Renewable Sources of Energy: An Inevitable Reality |
EXHIBIT: Global Energy Mix: 1990 Vs 2030 |
EXHIBIT: Global Renewable Energy Breakdown by Type: 2010 Vs 2030 |
EXHIBIT: Global Energy Production by Energy Source (2030 & 2040): Breakdown of Electricity (Billion Kilowatt Hours) and Percentage Share for Petroleum, Nuclear, Natural Gas, Coal and Renewables |
Huge Untapped Kinetic Energy Potential of Oceans: A Fundamental Growth Driver |
Fast Facts |
Growth Drivers in a Nutshell |
Key Market Inhibitors |
Government Intervention Critical for Commercial Success of Ocean Energy |
EXHIBIT 8: Targets for Electricity Production from Renewable Energy Sources in Select Countries |
Global Market Outlook |
Europe Leads the Global Ocean Energy Market |
Asia-Pacific: Frontrunner in Tidal Barrage Power Plants |
2. FOCUS ON SELECT PLAYERS |
World Brands |
Competition |
Ocean Energy: A Highly Fragmented Market |
Recent Industry Activity |
Competitive Market Presence - Strong/Active/Niche/Trivial for 49 Players Worldwide in 2023 (E) |
3. MARKET TRENDS AND DRIVERS
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Growing Number of Wave Energy Projects Worldwide Drives Strong Market Growth |
EXHIBIT: Select Wave Power Stations Worldwide |
Tidal Energy Gains Momentum |
MeyGen: A Multi-Turbine Tidal Stream Project in Scotland |
Tidal Energy Projects Worldwide |
Select Tidal Projects (Existing & Proposed) Worldwide |
Tidal Stream Projects Lends Traction to Market Growth |
Ocean Thermal Energy Conversion (OTEC) – A Niche Segment |
OTEC Project on the South Pacific Ocean |
Select FOWT Projects Worldwide: Project Proponent, Technology, Location, Capacity (MW) and Scheduled Completion |
Select FOWT Projects Worldwide: Project Proponent, Technology, Location, Capacity (MW) and Scheduled Completion |
Rising Investments in Renewable Energy Sources Benefit Market Expansion |
Superior Attributes of Tidal Energy Attract New Developers, Benefits Market Adoption |
Horizontal Axis Turbines Grab Lion’s Share of Tidal Energy Devices |
Tidal Energy: Abundant Resources despite Technology Barriers |
Despite Dominance of Tidal Energy, Wave Energy Garner Growing Attention and Investments |
Small Islands Provide Big Push for Ocean Thermal Energy Conversion Plants |
Wave Energy Sector Sees a Wave of Innovations |
Technology Developments to Harness Salt Power |
Burgeoning Global Population Propels Demand for Electric Power |
EXHIBIT 22: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100 |
EXHIBIT 23: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050 |
Key Challenges Hampering Ocean Energy Development |
Financial Support and Markets |
Administrative and Environmental Issues |
Environmental Challenges |
Administrative Issues |
Social Acceptance Impediments |
Availability of Grid Close to Projects |
Grid Integration |
Technology Advancements |
4. GLOBAL MARKET PERSPECTIVE
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World Recent Past, Current & Future Analysis for Ocean Energy (Tidal Stream and Wave) by Geographic Region - USA, Canada, Japan, China, Europe and Rest of World Markets - Independent Analysis of Annual Capacity Additions in Kilowatts for Years 2023 through 2030 and % CAGR |
World Historic Review for Ocean Energy (Tidal Stream and Wave) by Geographic Region - USA, Canada, Japan, China, Europe and Rest of World Markets - Independent Analysis of Annual Capacity Additions in Kilowatts for Years 2017 through 2022 and % CAGR |
World 13-Year Perspective for Ocean Energy (Tidal Stream and Wave) by Geographic Region - Percentage Breakdown of Volume Capacity Additions for USA, Canada, Japan, China, Europe and Rest of World Markets for Years 2017, 2024 & 2030 |
World Ocean Energy (Tidal Stream and Wave) Market Analysis of Annual Sales in Kilowatts for Years 2017 through 2030 |
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UNITED STATES
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Ocean Energy (Tidal Stream and Wave) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E) |
Vast Shoreline and Favorable Regulations Drive Strong Market Growth |
Wave Power Projects in the US |
Federal Government Funding in Ocean Energy |
Early Stage Device Design Research Projects |
Open Sea Test Sites in the US |
Hawaii Powering the US Ocean Energy Market |
Wave Energy |
Ocean Thermal Energy |
USA Recent Past, Current & Future Analysis for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy - Independent Analysis of Annual Capacity Additions in Kilowatts for the Years 2023 through 2030 and % CAGR |
USA Historic Review for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy Markets - Independent Analysis of Annual Capacity Additions in Kilowatts for Years 2017 through 2022 and % CAGR |
CANADA
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Major Tidal Stream and Wave Energy Projects in Canada: Project Proponent, Technology, Location, Capacity (MW) and Launch Year |
Investments in Tidal Power Increase in Canada |
Challenges Faced |
Canadian Open Sea Test Sites |
Canada Recent Past, Current & Future Analysis for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy - Independent Analysis of Annual Capacity Additions in Kilowatts for the Years 2023 through 2030 and % CAGR |
Canada Historic Review for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy Markets - Independent Analysis of Annual Capacity Additions in Kilowatts for Years 2017 through 2022 and % CAGR |
JAPAN
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Ocean Energy (Tidal Stream and Wave) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E) |
Japan Offers Significant Opportunities in Marine Energy Generation |
Development of Ocean Energy Gains Traction in Japan Following the Natural Disaster |
Japan Recent Past, Current & Future Analysis for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy - Independent Analysis of Annual Capacity Additions in Kilowatts for the Years 2023 through 2030 and % CAGR |
Japan Historic Review for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy Markets - Independent Analysis of Annual Capacity Additions in Kilowatts for Years 2017 through 2022 and % CAGR |
CHINA
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Ocean Energy (Tidal Stream and Wave) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E) |
A New Wave Energy Turbine Commissioned on the Coast Close to Wuhan City in China |
Ocean Energy Projects in China |
Chinese Open Sea Test Sites |
Technology Advancements in Tidal Power Harnessing |
China Recent Past, Current & Future Analysis for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy - Independent Analysis of Annual Capacity Additions in Kilowatts for the Years 2023 through 2030 and % CAGR |
China Historic Review for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy Markets - Independent Analysis of Annual Capacity Additions in Kilowatts for Years 2017 through 2022 and % CAGR |
EUROPE
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Ocean Energy (Tidal Stream and Wave) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E) |
Myriad Benefits of Ocean Energy Promote Sustainable Energy Development |
Europe Moves Ahead to Tap Tidal and Wave Energy |
Mitigates Carbon Emissions and Climate Change |
Supports Grid Stability and Lowers Systems Cost |
Benefits Associated Sectors |
Reduces Dependence on Diesel Generation |
Europe Recent Past, Current & Future Analysis for Ocean Energy (Tidal Stream and Wave) by Geographic Region - France, UK, Portugal and Rest of Europe Markets - Independent Analysis of Annual Capacity Additions in Kilowatts for Years 2023 through 2030 and % CAGR |
Europe Historic Review for Ocean Energy (Tidal Stream and Wave) by Geographic Region - France, UK, Portugal and Rest of Europe Markets - Independent Analysis of Annual Capacity Additions in Kilowatts for Years 2017 through 2022 and % CAGR |
Europe 13-Year Perspective for Ocean Energy (Tidal Stream and Wave) by Geographic Region - Percentage Breakdown of Volume Capacity Additions for France, UK, Portugal and Rest of Europe Markets for Years 2017, 2024 & 2030 |
FRANCE
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Ocean Energy (Tidal Stream and Wave) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E) |
French Open Sea Test Sites |
France Recent Past, Current & Future Analysis for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy - Independent Analysis of Annual Capacity Additions in Kilowatts for the Years 2023 through 2030 and % CAGR |
France Historic Review for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy Markets - Independent Analysis of Annual Capacity Additions in Kilowatts for Years 2017 through 2022 and % CAGR |
UNITED KINGDOM
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Ocean Energy (Tidal Stream and Wave) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E) |
UK Open Sea Test Sites |
Major Challenges to Surmount for the UK Ocean Energy Market |
Commercialization |
Reduced Production Costs |
Stability and Continuity in Policies |
Contracts for Difference |
Select Projects |
UK Recent Past, Current & Future Analysis for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy - Independent Analysis of Annual Capacity Additions in Kilowatts for the Years 2023 through 2030 and % CAGR |
UK Historic Review for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy Markets - Independent Analysis of Annual Capacity Additions in Kilowatts for Years 2017 through 2022 and % CAGR |
PORTUGAL
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Portugal Recent Past, Current & Future Analysis for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy - Independent Analysis of Annual Capacity Additions in Kilowatts for the Years 2023 through 2030 and % CAGR |
Portugal Historic Review for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy Markets - Independent Analysis of Annual Capacity Additions in Kilowatts for Years 2017 through 2022 and % CAGR |
REST OF EUROPE
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Portugal |
Open Sea Sites |
Spain Open Sea Test Sites |
Ireland Open Sea Test Sites |
Sweden Open Sea Test Sites |
Denmark Open Sea Test Sites |
Belgium Open Sea Test Sites |
Rest of Europe Recent Past, Current & Future Analysis for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy - Independent Analysis of Annual Capacity Additions in Kilowatts for the Years 2023 through 2030 and % CAGR |
Rest of Europe Historic Review for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy Markets - Independent Analysis of Annual Capacity Additions in Kilowatts for Years 2017 through 2022 and % CAGR |
REST OF WORLD
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Rest of World Recent Past, Current & Future Analysis for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy - Independent Analysis of Annual Capacity Additions in Kilowatts for the Years 2023 through 2030 and % CAGR |
Rest of World Historic Review for Ocean Energy (Tidal Stream and Wave) by Segment - Ocean Energy Markets - Independent Analysis of Annual Capacity Additions in Kilowatts for Years 2017 through 2022 and % CAGR |
Asia-Pacific |
Australia |
India |
South Korea |
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