Wave and Tidal Energy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Wave and tidal energy are methods of harnessing energy of oceans for power generation. Countries across the world are increasingly looking to utilize these forms of renewable energy as these provide a constant and steady source of clean energy. Abundance of ocean surface and significant potential of energy generation in several nations has induced governments to pursue ocean energy generation as an important part of their future renewable energy mix. Venture capital funding and government grant schemes are the vital aspects of this sector. Currently, technology development and commercial deployment of projects are in a nascent stage.
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This research is designed to estimate, analyze, and forecast the market volume and revenue for the wind and tidal power generation market. It provides an in-depth analysis of the market size of wave and tidal power in terms of volume (installed capacity) and revenue (investments in the sector for adding capacity). The report analyzes the wave and tidal energy sector in detail along with deep dive research spanning three regions and eight countries. It provides detailed analysis, historical data, and statistically refined forecast for wave and tidal energy plants regionally. Country wise markets for wave, tidal, or both forms of energy have been provided individually, depending upon the investment sentiment in the respective economies. The company market share in the sector for both wave and tidal energy plants has been provided separately for 2014.
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Table of Content
Chapter 1Preface
1.1 REPORT DESCRIPTION
1.2 RESEARCH SCOPE
1.3 MARKET SEGMENTATION
1.4 RESEARCH METHODOLOGY
Chapter 2Executive Summary
Chapter 3Market Overview
3.1 INTRODUCTION
3.2 VALUE CHAIN ANALYSIS
3.3 MARKET DRIVERS
3.3.1 PREDICTABLE AND CONSTANT SOURCE OF RENEWABLE ENERGY
3.3.2 SCALABILITY WITHIN A SMALL AREA ALLOWING LARGE PROJECT DEVELOPMENT IN PHASES
3.3.3 GENERATION OF POWER FOR REMOTE LOCATIONS WHERE DRAWING GRID CONNECTIONS ARE NOT COST EFFECTIVE OR FEASIBLE
3.3.4 STRONG GOVERNMENT POLICY FRAMEWORK AND INCENTIVE SCHEMES
3.4 MARKET RESTRAINTS
3.4.1 HIGH CAPITAL INVESTMENTS AND LACK OF FUNDING CHANNELS
3.4.2 LACK OF COMMERCIAL DEPLOYMENT OF PROJECTS DUE TO LOW TECHNOLOGY MATURITY
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