Tidal Turbines Market Size 2024-2028
The tidal turbines market size is forecast to increase by USD 34 million at a CAGR of 4.45% between 2023 and 2028. The market is witnessing significant growth due to the increasing demand for renewable energy sources and advancements in tidal turbine technology. The global marine energy capacity from tidal streams is projected to reach net-zero emissions, making it an attractive option for countries aiming to reduce their carbon footprint. Tidal energy projects require substantial capital investments, which may pose a challenge for market growth. The Water Power Program, a collaborative initiative by various governments and organizations, is driving the adoption of tidal energy as a viable alternative to traditional power production methods. As electricity demand continues to rise, the potential for tidal turbines to contribute to a sustainable energy mix is becoming increasingly apparent.
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 Capacity
- 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 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- 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 Turbines Market 2018 - 2022
- Historic Market Size - Data Table on Global Tidal Turbines Market 2018 - 2022 ($ million)
- 5.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 5.3 Capacity segment analysis 2018 - 2022
- Historic Market Size - Capacity Segment 2018 - 2022 ($ million)
- 5.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 5.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on global tidal turbines 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 In-stream tidal turbines - Market size and forecast 2023-2028
- Chart on In-stream tidal turbines - Market size and forecast 2023-2028 ($ million)
- Data Table on In-stream tidal turbines - Market size and forecast 2023-2028 ($ million)
- Chart on In-stream tidal turbines - Year-over-year growth 2023-2028 (%)
- Data Table on In-stream tidal turbines - Year-over-year growth 2023-2028 (%)
- 8.4 Floating tidal turbines - Market size and forecast 2023-2028
- Chart on Floating tidal turbines - Market size and forecast 2023-2028 ($ million)
- Data Table on Floating tidal turbines - Market size and forecast 2023-2028 ($ million)
- Chart on Floating tidal turbines - Year-over-year growth 2023-2028 (%)
- Data Table on Floating tidal turbines - Year-over-year growth 2023-2028 (%)
- 8.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
9 Market Segmentation by Capacity
- 9.1 Market segments
- Chart on Capacity - Market share 2023-2028 (%)
- Data Table on Capacity - Market share 2023-2028 (%)
- 9.2 Comparison by Capacity
- Chart on Comparison by Capacity
- Data Table on Comparison by Capacity
- 9.3 Large scale - Market size and forecast 2023-2028
- Chart on Large scale - Market size and forecast 2023-2028 ($ million)
- Data Table on Large scale - Market size and forecast 2023-2028 ($ million)
- Chart on Large scale - Year-over-year growth 2023-2028 (%)
- Data Table on Large scale - Year-over-year growth 2023-2028 (%)
- 9.4 Medium scale - Market size and forecast 2023-2028
- Chart on Medium scale - Market size and forecast 2023-2028 ($ million)
- Data Table on Medium scale - Market size and forecast 2023-2028 ($ million)
- Chart on Medium scale - Year-over-year growth 2023-2028 (%)
- Data Table on Medium scale - Year-over-year growth 2023-2028 (%)
- 9.5 Small scale - Market size and forecast 2023-2028
- Chart on Small scale - Market size and forecast 2023-2028 ($ million)
- Data Table on Small scale - Market size and forecast 2023-2028 ($ million)
- Chart on Small scale - Year-over-year growth 2023-2028 (%)
- Data Table on Small scale - Year-over-year growth 2023-2028 (%)
- 9.6 Market opportunity by Capacity
- Market opportunity by Capacity ($ million)
- Data Table on Market opportunity by Capacity ($ million)
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 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- 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 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- 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 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- 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 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- 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 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- 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 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- 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 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- 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 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- 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 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- 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 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- 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 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- 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 ($ million)
- Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
- 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 ($ million)
- Data Table on Ireland - Market size and forecast 2023-2028 ($ million)
- 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 ($ million)
- Data Table on Spain - Market size and forecast 2023-2028 ($ million)
- 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 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- 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 ($ million)
- Data Tables on Market opportunity by geography ($ million)
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 Andritz AG
- Andritz AG - Overview
- Andritz AG - Business segments
- Andritz AG - Key news
- Andritz AG - Key offerings
- Andritz AG - Segment focus
- SWOT
- 14.5 Aquantis Inc
- Aquantis Inc - Overview
- Aquantis Inc - Product / Service
- Aquantis Inc - Key offerings
- SWOT
- 14.6 Guinard Energies Nouvelles
- Guinard Energies Nouvelles - Overview
- Guinard Energies Nouvelles - Product / Service
- Guinard Energies Nouvelles - Key offerings
- SWOT
- 14.7 Hyundai Heavy Industries Group
- Hyundai Heavy Industries Group - Overview
- Hyundai Heavy Industries Group - Product / Service
- Hyundai Heavy Industries Group - Key offerings
- SWOT
- 14.8 Instream Energy Systems Corp.
- Instream Energy Systems Corp. - Overview
- Instream Energy Systems Corp. - Product / Service
- Instream Energy Systems Corp. - Key offerings
- SWOT
- 14.9 Jupiter Hydro Inc
- Jupiter Hydro Inc - Overview
- Jupiter Hydro Inc - Product / Service
- Jupiter Hydro Inc - Key offerings
- SWOT
- 14.10 Lockheed Martin Corp.
- Lockheed Martin Corp. - Overview
- Lockheed Martin Corp. - Business segments
- Lockheed Martin Corp. - Key news
- Lockheed Martin Corp. - Key offerings
- Lockheed Martin Corp. - Segment focus
- SWOT
- 14.11 MAKO Tidal Turbines Pty Ltd.
- MAKO Tidal Turbines Pty Ltd. - Overview
- MAKO Tidal Turbines Pty Ltd. - Product / Service
- MAKO Tidal Turbines Pty Ltd. - Key offerings
- SWOT
- 14.12 Oceana Energy Co.
- Oceana Energy Co. - Overview
- Oceana Energy Co. - Product / Service
- Oceana Energy Co. - Key offerings
- SWOT
- 14.13 OpenHydro Group Ltd
- OpenHydro Group Ltd - Overview
- OpenHydro Group Ltd - Product / Service
- OpenHydro Group Ltd - Key offerings
- SWOT
- 14.14 SABELLA SA
- SABELLA SA - Overview
- SABELLA SA - Product / Service
- SABELLA SA - Key offerings
- SWOT
- 14.15 SAS HYDROQUEST
- SAS HYDROQUEST - Overview
- SAS HYDROQUEST - Product / Service
- SAS HYDROQUEST - 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 TOCARDO BV
- TOCARDO BV - Overview
- TOCARDO BV - Product / Service
- TOCARDO BV - Key offerings
- SWOT
- 14.18 TPGen24
- TPGen24 - Overview
- TPGen24 - Product / Service
- TPGen24 - 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
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