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Wave and Tidal Energy Market to Reach $1.3 Bn, Globally, by 2030 at 9.4% CAGR: Allied Market ResearchOcean energy generation is an important source of renewable energy for the future. This factor drives the growth of the global wave and tidal energy market. PORTLAND, Ore., May 23, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Wave and Tidal Energy Market by Type (Wave Energy, Tidal Energy), by Technology (Tidal stream generator, Oscillating Water Columns, Tidal turbines, Tidal barrages, Tidal fences), by Application (Power generation, Desalination): Global Opportunity Analysis and Industry Forecast, 2020-2030". According to the report, the global wave and tidal energy industry generated $0.5 billion in 2020, and is anticipated to generate $1.3 billion by 2030, witnessing a CAGR of 9.4% from 2021 to 2030.  Prime determinants of growth Abundance of ocean surface and energy generation capacity in several nations has promoted governments to pursue ocean energy generation as an important source of renewable energy in future. This factor drives the growth of the global wave and tidal energy market. Moreover, rise in governments' sustainable projects with respect to power generation presents new opportunities in the coming years. Download Sample PDF (239 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/2193 Covid-19 Scenario
The wave energy segment to maintain its leadership status throughout the forecast period Based on type, the wave energy segment held the highest market share in 2020, accounting for nearly three-fifths of the global wave and tidal energy market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 9.5% from 2021 to 2030, owing to the fact that it is renewable form of energy, it has high energy potential, and most importantly, it has low dependency on fossil fuel. The report also analyzes the tidal energy segment. Get detailed COVID-19 impact analysis on the Wave and Tidal Energy Market: https://www.alliedmarketresearch.com/request-for-customization/2193?reqfor=covid The power generation segment to maintain its lead position during the forecast period Based on application, the power generation segment accounted for the largest share in 2020, contributing to more than four-fifths of the global wave and tidal energy market, and is projected to maintain its lead position during the forecast period. Moreover, the same segment is expected to portray the largest CAGR of 9.5% from 2021 to 2030, owing to its wide usage to produce electricity. The research also analyzes the desalination segment. Europe to maintain its dominance by 2030 Based on region, Europe held the highest market share in terms of revenue 2020, accounting for more than half of the global wave and tidal energy market. Almost half of hydropower plants are in the Balkans and Eastern Mediterranean, where many plants are financed by the EU. This shows the high opportunity for the wave and tidal energy infrastructure in the region. However, the LAMEA region is expected to witness the fastest CAGR of 10.0% during the forecast period, owing to rise in desalination dependency on electricity. Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/2193 Leading Market Players
Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/wave-and-tidal-energy-market/purchase-options Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements. Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial Similar Reports We Have: Solar Energy Market is projected to reach $223.3 billion by 2026, growing at a CAGR of 20.5% from 2019 to 2026. Wind Energy Market is projected to reach $127.2 billion by 2027, growing at a CAGR of 9.3% from 2020 to 2027. Bioenergy Market is expected to reach $217.8 billion by 2030, registering a CAGR of 7.6% from 2021 to 2030. Renewable energy market is projected to reach $1,977.6 billion by 2030, growing at a CAGR of 8.4% from 2021 to 2030. Geothermal Power Market was valued at $4.6 billion in 2018, and is projected to reach $6.8 billion by 2026, growing at a CAGR of 5.0% from 2019 to 2026. Wave Energy Market is projected to reach $141.1 million by 2027, growing at a CAGR of 17.8% from 2020 to 2027. Green Hydrogen Market is projected to reach $9.8 billion by 2028, growing at a CAGR of 54.7% from 2021 to 2028. Thermoelectric Generator Market is forecasted to reach $1443.3 million by 2030, growing at a CAGR of 11.8% from 2021 to 2030. Green Power Market is projected to reach $103.5 billion by 2027, growing at a CAGR of 12.3% from 2020 to 2027. Pre-Book Now with 10% Discount: Nuclear Energy Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Solar Generator Market: Global Opportunity Analysis and Industry Forecast, 2021-2030 Thermal Power Market: Global Opportunity Analysis and Industry Forecast 2021–2030 Hydroelectricity Market : Global Opportunity Analysis and Industry Forecast, 2021–2030 Green Energy Market - Global Opportunity Analysis and Forecasts, 2014 - 2022 Power Generation Market: Global Opportunity Analysis and Industry Forecast, 2020- 2027 Ocean Power Market: Global Opportunity Analysis and Industry Forecast, 202–2027 Wind Electric Power Generation Market: Global Analysis and Industry Forecast, 2020–202 Power Generation Technologies Market: Global Opportunity Analysis and Industry Forecast 2022-2029 Alternate Marine Power Market: Global Opportunity Analysis and Industry Forecast, 2022–2029 Marine Wind Turbine Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 About us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact us: David Correa
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