Tidal Energy Generation Systems Market Size 2024-2028
The tidal energy generation systems market size is forecast to increase by USD 476.71 th at a CAGR of 16.61% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for electricity derived from renewable sources. Tidal energy, specifically, holds immense potential as a sustainable power solution. Two primary types of tidal energy technologies are in use: tidal barrages and tidal stream generators, which include horizontal axis turbines and vertical axis turbines, as well as tidal kites. Tidal barrages utilize the rise and fall of tidal waters to generate electricity, while tidal stream generators harness the kinetic energy of moving water. A key trend in the market is the integration of advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) into tidal energy generation systems to optimize energy production and improve efficiency.
However, the high cost of manufacturing and maintaining these systems remains a significant challenge. Despite this, the market is expected to continue expanding as the world seeks innovative solutions to meet the growing demand for renewable electricity.
What will be the Size of the Market During the Forecast Period?
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ thousand)
- Data Table on Global - Market size and forecast 2023-2028 ($ thousand)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
- 5.1 Global Tidal Energy Generation Systems Market 2018 - 2022
- Historic Market Size - Data Table on Global Tidal Energy Generation Systems Market 2018 - 2022 ($ thousand)
- 5.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ thousand)
- 5.3 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ thousand)
- 5.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ thousand)
- 5.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ thousand)
6 Qualitative Analysis
- 6.1 Impact of AI on the Global Tidal Energy Generation Systems Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 7.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Type
- 8.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 8.3 Tidal stream systems - Market size and forecast 2023-2028
- Chart on Tidal stream systems - Market size and forecast 2023-2028 ($ thousand)
- Data Table on Tidal stream systems - Market size and forecast 2023-2028 ($ thousand)
- Chart on Tidal stream systems - Year-over-year growth 2023-2028 (%)
- Data Table on Tidal stream systems - Year-over-year growth 2023-2028 (%)
- 8.4 Tidal range devices - Market size and forecast 2023-2028
- Chart on Tidal range devices - Market size and forecast 2023-2028 ($ thousand)
- Data Table on Tidal range devices - Market size and forecast 2023-2028 ($ thousand)
- Chart on Tidal range devices - Year-over-year growth 2023-2028 (%)
- Data Table on Tidal range devices - Year-over-year growth 2023-2028 (%)
- 8.5 Dynamic tidal power - Market size and forecast 2023-2028
- Chart on Dynamic tidal power - Market size and forecast 2023-2028 ($ thousand)
- Data Table on Dynamic tidal power - Market size and forecast 2023-2028 ($ thousand)
- Chart on Dynamic tidal power - Year-over-year growth 2023-2028 (%)
- Data Table on Dynamic tidal power - Year-over-year growth 2023-2028 (%)
- 8.6 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ thousand)
- Data Table on Others - Market size and forecast 2023-2028 ($ thousand)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 8.7 Market opportunity by Type
- Market opportunity by Type ($ thousand)
- Data Table on Market opportunity by Type ($ thousand)
9 Market Segmentation by Application
- 9.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
- 9.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 9.3 Utility-scale projects - Market size and forecast 2023-2028
- Chart on Utility-scale projects - Market size and forecast 2023-2028 ($ thousand)
- Data Table on Utility-scale projects - Market size and forecast 2023-2028 ($ thousand)
- Chart on Utility-scale projects - Year-over-year growth 2023-2028 (%)
- Data Table on Utility-scale projects - Year-over-year growth 2023-2028 (%)
- 9.4 Microgrid systems - Market size and forecast 2023-2028
- Chart on Microgrid systems - Market size and forecast 2023-2028 ($ thousand)
- Data Table on Microgrid systems - Market size and forecast 2023-2028 ($ thousand)
- Chart on Microgrid systems - Year-over-year growth 2023-2028 (%)
- Data Table on Microgrid systems - Year-over-year growth 2023-2028 (%)
- 9.5 Off-grid systems - Market size and forecast 2023-2028
- Chart on Off-grid systems - Market size and forecast 2023-2028 ($ thousand)
- Data Table on Off-grid systems - Market size and forecast 2023-2028 ($ thousand)
- Chart on Off-grid systems - Year-over-year growth 2023-2028 (%)
- Data Table on Off-grid systems - Year-over-year growth 2023-2028 (%)
- 9.6 Market opportunity by Application
- Market opportunity by Application ($ thousand)
- Data Table on Market opportunity by Application ($ thousand)
10 Customer Landscape
- 10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
- 11.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 11.3 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ thousand)
- Data Table on Europe - Market size and forecast 2023-2028 ($ thousand)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 11.4 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ thousand)
- Data Table on APAC - Market size and forecast 2023-2028 ($ thousand)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 11.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ thousand)
- Data Table on North America - Market size and forecast 2023-2028 ($ thousand)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 11.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ thousand)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ thousand)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 11.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ thousand)
- Data Table on South America - Market size and forecast 2023-2028 ($ thousand)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 11.8 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ thousand)
- Data Table on UK - Market size and forecast 2023-2028 ($ thousand)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 11.9 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ thousand)
- Data Table on Canada - Market size and forecast 2023-2028 ($ thousand)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 11.10 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ thousand)
- Data Table on France - Market size and forecast 2023-2028 ($ thousand)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 11.11 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ thousand)
- Data Table on US - Market size and forecast 2023-2028 ($ thousand)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 11.12 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ thousand)
- Data Table on China - Market size and forecast 2023-2028 ($ thousand)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 11.13 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ thousand)
- Data Table on Germany - Market size and forecast 2023-2028 ($ thousand)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 11.14 South Korea - Market size and forecast 2023-2028
- Chart on South Korea - Market size and forecast 2023-2028 ($ thousand)
- Data Table on South Korea - Market size and forecast 2023-2028 ($ thousand)
- Chart on South Korea - Year-over-year growth 2023-2028 (%)
- Data Table on South Korea - Year-over-year growth 2023-2028 (%)
- 11.15 Ireland - Market size and forecast 2023-2028
- Chart on Ireland - Market size and forecast 2023-2028 ($ thousand)
- Data Table on Ireland - Market size and forecast 2023-2028 ($ thousand)
- Chart on Ireland - Year-over-year growth 2023-2028 (%)
- Data Table on Ireland - Year-over-year growth 2023-2028 (%)
- 11.16 Spain - Market size and forecast 2023-2028
- Chart on Spain - Market size and forecast 2023-2028 ($ thousand)
- Data Table on Spain - Market size and forecast 2023-2028 ($ thousand)
- Chart on Spain - Year-over-year growth 2023-2028 (%)
- Data Table on Spain - Year-over-year growth 2023-2028 (%)
- 11.17 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ thousand)
- Data Table on Japan - Market size and forecast 2023-2028 ($ thousand)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 11.18 Market opportunity by geography
- Market opportunity by geography ($ thousand)
- Data Tables on Market opportunity by geography ($ thousand)
12 Drivers, Challenges, and Opportunity/Restraints
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 12.4 Market opportunities/restraints
13 Competitive Landscape
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.2 Company ranking index
- 14.3 Market positioning of companies
- Matrix on companies position and classification
- 14.4 ABB Ltd.
- ABB Ltd. - Overview
- ABB Ltd. - Business segments
- ABB Ltd. - Key news
- ABB Ltd. - Key offerings
- ABB Ltd. - Segment focus
- SWOT
- 14.5 Andritz AG
- Andritz AG - Overview
- Andritz AG - Business segments
- Andritz AG - Key news
- Andritz AG - Key offerings
- Andritz AG - Segment focus
- SWOT
- 14.6 BioPower Systems Pty Ltd.
- BioPower Systems Pty Ltd. - Overview
- BioPower Systems Pty Ltd. - Product / Service
- BioPower Systems Pty Ltd. - Key offerings
- SWOT
- 14.7 Blue Energy Canada Inc.
- Blue Energy Canada Inc. - Overview
- Blue Energy Canada Inc. - Product / Service
- Blue Energy Canada Inc. - Key offerings
- SWOT
- 14.8 Bluewater Energy Services BV
- Bluewater Energy Services BV - Overview
- Bluewater Energy Services BV - Product / Service
- Bluewater Energy Services BV - Key offerings
- SWOT
- 14.9 DP Energy
- DP Energy - Overview
- DP Energy - Product / Service
- DP Energy - Key offerings
- SWOT
- 14.10 Instream Energy Systems Corp.
- Instream Energy Systems Corp. - Overview
- Instream Energy Systems Corp. - Product / Service
- Instream Energy Systems Corp. - Key offerings
- SWOT
- 14.11 Nova Innovation Ltd.
- Nova Innovation Ltd. - Overview
- Nova Innovation Ltd. - Product / Service
- Nova Innovation Ltd. - Key offerings
- SWOT
- 14.12 Ocean Renewable Power Co. Inc.
- Ocean Renewable Power Co. Inc. - Overview
- Ocean Renewable Power Co. Inc. - Product / Service
- Ocean Renewable Power Co. Inc. - Key offerings
- SWOT
- 14.13 Orbital Marine Power Ltd
- Orbital Marine Power Ltd - Overview
- Orbital Marine Power Ltd - Product / Service
- Orbital Marine Power Ltd - Key offerings
- SWOT
- 14.14 QED Naval Limited
- QED Naval Limited - Overview
- QED Naval Limited - Product / Service
- QED Naval Limited - Key offerings
- SWOT
- 14.15 SABELLA SA
- SABELLA SA - Overview
- SABELLA SA - Product / Service
- SABELLA SA - Key offerings
- SWOT
- 14.16 Simec Atlantis Energy Ltd.
- Simec Atlantis Energy Ltd. - Overview
- Simec Atlantis Energy Ltd. - Product / Service
- Simec Atlantis Energy Ltd. - Key offerings
- SWOT
- 14.17 SeaQurrent
- SeaQurrent - Overview
- SeaQurrent - Product / Service
- SeaQurrent - Key offerings
- SWOT
- 14.18 Verdant Power Inc.
- Verdant Power Inc. - Overview
- Verdant Power Inc. - Product / Service
- Verdant Power Inc. - Key offerings
- SWOT
15 Appendix
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations