Industry Research Reports: Energy Alternative Sources

Description

Marine Power (Wave and Tidal) Installed Capacity, Levelized Cost of Energy (LCOE), Profiles of Technology Developers and Key Country Analysis to 2030

Marine Power (Wave and Tidal) Installed Capacity, Levelized Cost of Energy (LCOE), Profiles of Technology Developers and Key Country Analysis to 2030 is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the marine energy industry. The report provides clear understanding of the global marine power market. The report provides an overview of various marine energy technologies such as wave energy, tidal energy, ocean thermal energy and energy from salinity gradient. The report covers information on requirements for development of a marine energy project and information on distribution of marine projects (wave and tidal) across various major countries. Further, the report covers cost break-up for wave and tidal projects, profiles of major technology providers and installed capacity forecasts to 2030. Countries covered in the report include the US, Canada, the UK, Portugal, Republic of Korea and Australia. Information such as technology potential, power projects in demonstration and development stage and policy support for the industry is covered in detail. Companies covered in the report include Ocean Renewable Power Company, Aquamarine Power, AWS Ocean Energy, Carnegie Wave Energy Limited, Marine Current Turbines Limited, Ocean Power Technologies, Oceanlinx Limited, OpenHydro Group Limited, Pelamis Wave Power, Pulse Tidal, Verdant Power, Voith Hydro Wavegen Limited, BioPower Systems Pty, Tidal Generation Limited, Wavebob and Wello OY.

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The report is built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GlobalDatas Team of industry experts.

Scope

The report analyzes the global marine energy market and its scope includes

Data on the installed capacity, split by key countries, cost analysis with LCOE comparison with other renewable sources, drivers and restraints impacting the global marine energy market.
The report provides market insights on the major markets such as the US, Canada, the UK, Portugal, Australia and Republic of Korea (South Korea).
Wave and tidal energy potential, project list of marine power and policy support for marine energy in major countries.
Company profiles of major technology developers such as Ocean Renewable Power Company, Aquamarine Power, AWS Ocean Energy, Carnegie Wave Energy Limited, Marine Current Turbines Limited, Ocean Power Technologies, Oceanlinx Limited, OpenHydro Group Limited, Pelamis Wave Power, Pulse Tidal, Verdant Power, Voith Hydro Wavegen Limited, BioPower Systems Pty, Tidal Generation Limited, Wavebob and Wello OY are covered in detail.

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The global marine energy industry is at an exciting and critical stage in its development. After a period of intense development, the leading technologies are now moving rapidly to deploy full scale demonstration and early commercial projects. The industry must now focus on the challenge of commercialization.

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The ocean energy industry has a number of technologies and concepts. The diversity in the industry is having an unintended impact on the development of the supply chain which could play a significant role in the development of the ocean energy sector and also help in reduction of costs and the commercialization of various concepts.

Hydro power is the maximum power generator followed by wind power, biomass and geothermal power. The trend is expected to continue and solar power will also become one of the major power generators in future. Ocean energy is a source which doesn’t depend on the uncertainties associated with the fossil fuels (availability and volatility). Therefore ocean energy is an important source of energy. The ocean energy industry is in a nascent stage and can only provide small contributions to the energy portfolio. The real potential of the ocean energy is yet to be realized and will take time to develop.

Marine current power is a form of power based on harnessing the kinetic energy of marine currents. It includes both tidal power and energy derived from ocean currents. Although not widely used at present, marine current power has important potential in the future of electricity generation. The industry must prove that the technology works at a commercial scale in a challenging environment. It must also prove that the technology can be cost competitive with other forms of energy generation.

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