Wave power is the capture of energy of wind waves to do useful work – for example, electricity generation , water desalination , or pumping water. Tidal power, also called tidal energy, is a form of hydropower that converts the energy obtained from tides into useful forms of power, mainly electricity.
The focus on developing new renewable energy resources has increased so as to reduce carbon emissions and to provide constant power to the ever growing power demand.

Market Analysis and Insights: Global Wave and Tidal Energy Market
The research report studies the Wave and Tidal Energy market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global Wave and Tidal Energy market size is projected to reach US$ 13690 million by 2027, from US$ 6760.9 million in 2020, at a CAGR of 10.1% during 2021-2027.

Global Wave and Tidal Energy Scope and Segment
The global Wave and Tidal Energy market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Wave and Tidal Energy market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

Segment by Type
Wave Energy
Tidal Energy

Segment by Application
Commercial
Residential
Others

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
Atlantis Resources Corp
AW-Energy
AWS Ocean Energy
Andritz Hydro Hammerfest
BioPower Systems
Kepler Energy Limited
Minesto
Ocean Power Technologies
Pelamis Wave Power Limited
Seabased AB
Trident Energy
Wave Dragon
Wave Star Energy A/S
Wello Oy
Ocean Renewable Power Company
Carnegie Clean Energy Limited
CorPower Ocean AB
Nautricity Limited
Openhydro
Seatricity Limited
ScottishPower Renewables Limited
Tocardo International BV
Voith Hydro
Aquamarine Power Limited
Mako Tidal Turbines
Nova Innovation Limited