"Tidal and wave energy projects are subject to permitting by the Department of Environmental Protection (DEP) under the Maine Waterway Development and Conservation Act (MWDCA), the State's one-stop hydropower permitting law. The MWDCA requires an evaluation of the full range of potential economic and environmental impacts of a project, including impacts on public safety, wetlands, water quality, fish and wildlife resources, historic and archaeological sites, public access, and energy generation. DEP has permitting jurisdiction over all tidal and wave energy projects located in State waters (those waters within 3 miles of the mainland and an island that is part of Maine)."
The article cited AMA's "Global Tidal Stream Generators Market Study" explored substantial growth of %. According to the report, Increasing Usage of Axial Generators (Horizontal) as Tidal Stream Generators is one of the primary growth factors for the market. Growing Demand for the Renewable Energy
is also expected to contribute significantly to the Tidal Stream Generators market. Overall, Industrial
applications of Tidal Stream Generators, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Tidal Energy, such as Wave Power Plants, is boosting the Tidal Stream Generators market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Tidal Stream Generators market identified that the demand is rising in many different parts of the world as "Growing Government Investment and Research & Development in Tidal Energy Generation and Conversion will boost the Tidal Stream Generator Market".
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Tidal Stream Generators market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Tidal Stream Generators market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Tidal Stream Generators market size is calculated using market estimation process, the Tidal Stream Generators market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Tidal Stream Generators market size has been validated using both top-down and bottom-up approaches.