Global Marine Power (Wave and Tidal) Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032

Market Overview

According to DIResearch"s in-depth investigation and research, the global Marine Power (Wave and Tidal) market size will reach 1,363.04 Million USD in 2025 and is projected to reach 1,897.57 Million USD by 2032, with a CAGR of 4.84% (2025-2032). Notably, the China Marine Power (Wave and Tidal) market has changed rapidly in the past few years. By 2025, China"s market size is expected to be Million USD, representing approximately % of the global market share.

Research Summary

Marine power, specifically wave and tidal power, refers to the harnessing of energy from the ocean’s waves and tides to generate electricity. Wave power involves converting the kinetic energy from ocean waves into electrical energy using various technologies such as wave energy converters, buoys, or oscillating water columns. Tidal power, on the other hand, utilizes the gravitational forces of the moon and the sun to generate electricity by capturing the kinetic energy of the rising and falling tides. Tidal power systems can be categorized as either barrage systems, which use tidal dams to create a difference in water levels, or tidal stream systems, which extract energy from the flow of tidal currents. Both wave and tidal power have the advantage of being renewable and predictable sources of energy, as the tides and waves are influenced by the gravitational pull of celestial bodies. Although wave and tidal power technologies are still in the developmental stages, they have the potential to generate clean, sustainable energy and contribute to reducing reliance on fossil fuels, thereby mitigating climate change and promoting a greener future.

The major global  manufacturers of Marine Power (Wave and Tidal) include Simec Atlantis Energy, Ocean Renewable Power Company, Orbital Marine Power, Nova Innovations, Ocean Power Technologies, Verdant Power, Carnegie Wave Energy, AWS Ocean Energy, Tocardo, Oceanlinx, Eco Wave Power, CorPower Ocean, Oscilla Power, Wave Swell Energy, Wello Oy, AW-Energy, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.

This report studies the market size, price trends and future development prospects of Marine Power (Wave and Tidal). Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Marine Power (Wave and Tidal) market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.

The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Marine Power (Wave and Tidal) market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Marine Power (Wave and Tidal) industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.    

The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.

Global Key Manufacturers of Marine Power (Wave and Tidal) Include:

Simec Atlantis Energy

Ocean Renewable Power Company

Orbital Marine Power

Nova Innovations

Ocean Power Technologies

Verdant Power

Carnegie Wave Energy

AWS Ocean Energy

Tocardo

Oceanlinx

Eco Wave Power

CorPower Ocean

Oscilla Power

Wave Swell Energy

Wello Oy

AW-Energy

Marine Power (Wave and Tidal) Product Segment Include:

Wave Energy

Tidal Energy

Marine Power (Wave and Tidal) Product Application Include:

Industrial

Commercial

Residential

Others

Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend

Chapter 2: Global Marine Power (Wave and Tidal) Capacity and Production Analysis

Chapter 3: Global Marine Power (Wave and Tidal) Industry PESTEL Analysis

Chapter 4: Global Marine Power (Wave and Tidal) Industry Porter's Five Forces Analysis

Chapter 5: Global Marine Power (Wave and Tidal) Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis

Chapter 6: Global Marine Power (Wave and Tidal) Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)

Chapter 7: Global Marine Power (Wave and Tidal) Sales, Revenue, Price and Forecast by Product Type

Chapter 8: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)

Chapter 9: Industrial Chain Analysis, Marine Power (Wave and Tidal) Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis

Chapter 10: Research Findings and Conclusion

Chapter 11: Methodology and Data Sources Show more