What is Tidal Stream Generators Market Scope?
Tidal stream generators are the converting devices that use the kinetic energy of wave or moving water to rotate turbines to generate power, the power available for tidal power generation in a standard ara can be greater than wind turbines because of its higher density of water. There are several types of generators used for tidal stream using wave power plants and tidal power plants which includes axial generators, crossflow turbines generator, oscillating generators, and others. These types of tidal stream generators are cheap and environment-friendly for the production of any type of tidal power.
The Tidal Stream Generators market study is being classified by Type (Axial Generators, Crossflow Turbines Generators, Oscillating Generators and Others), by Application (Industrial and Commercial) and major geographies with country level break-up.
Siemens AG (Germany), Nova Innovation (United Kingdom), Schottel Group (Germany), Tocardo B.V. (Netherlands), SIMEC Atlantis Energy (United Kingdom), Aquantis (United States), Andritz Hydro Hammerfest (United Kingdom), BioPower Systems Pty. Ltd. (Australia), Guinard Energies Nouvelles (France) and Hales Water Turbines Ltd (United Kingdom) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Tidal Stream Generators market by Type, Application and Region.
On the basis of geography, the market of Tidal Stream Generators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 12th October 2022, Tocardo has come to an agreement on the acquisition of the 1.25MW Oosterschelde Tidal Power Plant, the largest tidal array in the world installed on the Dutch icon Oosterscheldekering. The acquisition follows the successful technical due diligence phase during September 2020. The project is an important step for the global tidal energy sector and for our clean energy future.
"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)."
Influencing Market Trend
- Increasing Usage of Axial Generators (Horizontal) as Tidal Stream Generators
Market Drivers
- Growing Demand for the Renewable Energy
- Surging Requirement of Power Generation to be used in Industrial, Communication Applications
Opportunities
- Growing Government Investment and Research & Development in Tidal Energy Generation and Conversion will boost the Tidal Stream Generator Market
Restraints
- Potential Adverse Impact of Tidal Stream Generators/Components on the Environment
Challenges
- High-Cost Production Related Problems with Tidal Stream Generator Market
Key Target Audience
Tidal Stream Generators Manufacturers, Tidal Stream Generators Distributors & Suppliers, Tidal Energy Industry Associations, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Customization available in this Study:
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