The global tidal energy market is segmented based on depth of installation, capacity, and foundation.
By foundation type, the tidal energy market is segmented into semi-submersible, monopile, gravity base, and barrage.
By capacity, the tidal energy market is segmented into 100kW to 500kW, up to 100kW, and others.
By depth of installation, the tidal energy market is segmented into deep water, transitional water, and shallow water.
Regional Analysis
Europe to Lead Tidal Energy Market
Europe will lead the market over the forecast period. The region being the worldwide leader in the expansion of ocean energy technologies, the region being the home to most of the worldwide developers, substantial efforts being made by the governments in various economies for supporting transition to low-carbon economy, vast strides being taken by the energy sector, ongoing efforts by the government in the region for cutting down the carbon footprint, rapid pace of technological advances, revolutionary steps taken by France, Scotland, and the UK, the successful project MeyGen in Scotland that generated 24.7 GWh of electricity to the grid by end of 2019, the presence of numerous leading energy leaders in the region, and the European Commission having introduced offshore energy strategy are adding to the global tidal energy market growth in the region.