Marine energy or marine power (also sometimes referred to as ocean energy, ocean power, or marine and hydrokinetic energy) refers to the energy carried by ocean waves, tides, salinity, and ocean temperature differences. The movement of water in the world’s oceans creates a vast store of kinetic energy, or energy in motion. This energy can be harnessed to generate electricity to power homes, transport and industries.
The year 2015 represented a significant milestone for the sector from a policy standpoint, with the publication of the Blue Energy Communication, the establishment of the Ocean Energy Forum and the European Technology and Innovation Platform for Ocean Energy (TIP). The announcement of the awards for the second NER 300 call has seen the number of ocean energy arrays expected to be deployed in European waters by 2018 or earlier rising to five. On the other hand, forecasts of expected ocean energy capacity by 2020 have been further reduced, due to the slow technological progress of the sector and difficulties in attracting funds and financing. The slow growth of the sector and delays in the formation of the market have forced key developers and OEMs to either downsize or withdraw their interest in developing ocean energy technology.
The ocean energy market is still in its infancy, and whilst foundations for its growth have been put in place, the sector seeks to further prove the reliability of its technology moving towards demonstration of pre-commercial arrays. A number of key developments have been seen in 2014 to ensure the establishment of ocean energy marke ...
Table of Contents
2019-2024 Global Marine Power (Wave and Tidal) Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Marine Power (Wave and Tidal) Consumption 2014-2024
2.1.2 Marine Power (Wave and Tidal) Consumption CAGR by Region
2.2 Marine Power (Wave and Tidal) Segment by Type
2.2.1 Wave Power
2.2.2 Tidal Power
2.3 Marine Power (Wave and Tidal) Consumption by Type
2.3.1 Global Marine Power (Wave and Tidal) Consumption Market Share by Type (2014-2019)
2.3.2 Global Marine Power (Wave and Tidal) Revenue and Market Share by Type (2014-2019)
2.3.3 Global Marine Power (Wave and Tidal) Sale Price by Type (2014-2019)
2.4 Marine Power (Wave and Tidal) Segment by Application
2.4.1 Indus ...