Wave and Tidal Energy Market Trend, Industry Size, Growth, Analysis and ForecastPosted by Neha Bora on October 9th, 2019 San Francisco, 9 October 2019: The Report Wave and Tidal Energy Market Size, Share & Trends Analysis Report By Energy Type (Wave, Tidal), By Region (North America, Europe, Asia Pacific), Competitive Landscape, And Segment Forecasts, 2018 – 2025 The global wave and tidal energy market size is expected to reach USD 3.9 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 42.5% CAGR during the forecast period. Need to reduce dependency on fossil fuels, increasing investments, and supportive government regulations are likely to fuel market growth over the coming years. The renewable energy sector has witnessed significant expansion in terms of installations worldwide in 2016. The capacities in wind, marine, solar, waste-to-energy, small geothermal and hydro sources, and biomass combined added up to 138.5 GW in 2016, up from 127.5 GW in 2015. Investments in electricity generation through novel renewable sources was twice in comparison to fossil fuels. Ocean energy is witnessing significant development in terms of new projects in various economies including U.K., Ireland, Sweden, Portugal, Thailand, India, Japan, China, Canada, and U.S., which is likely to fuel market growth over the coming years. However, high cost and socio-economic and environmental barriers are likely to restrain the development of the market over the forecast period. Access Research Report of Wave and Tidal Energy Market @ www.grandviewresearch.com/industry-analysis/wave-energy-market Further key findings from the report suggest:
Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/renewable-energy Grand View Research has segmented the global wave and tidal energy market on the basis of energy type and region: Wave and Tidal Energy Type Outlook (Installed Capacity, Megawatt; Revenue, USD Million, 2014 - 2025)
Wave and Tidal Energy Regional Outlook (Installed Capacity, Megawatt; Revenue, USD Million, 2014 - 2025)
Access Press Release of Wave and Tidal Energy Market @ www.grandviewresearch.com/press-release/global-wave-tidal-energy-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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