Global Tidal Power Generation Technology Market Growth (Status and Outlook) 2026-2032

The global Tidal Power Generation Technology market size is predicted to grow from US$ 540 million in 2025 to US$ 930 million in 2032; it is expected to grow at a CAGR of 8.2% from 2026 to 2032.

Tidal Power Generation Technology is a renewable energy generation technology that utilizes tidal energy (including potential energy from water level differences and kinetic energy from tidal currents) generated by the rise and fall of ocean tides, converting it into electricity through specific devices. This technology is mainly divided into two categories: potential energy type and kinetic energy type. The former relies on dikes to dam bays or estuaries to form reservoirs, using the tidal level difference to drive turbines to generate electricity; the latter does not require dam construction, directly utilizing tidal currents to drive underwater turbines to generate electricity. It has advantages such as being clean and pollution-free, renewable, and providing stable power generation. It can be further subdivided according to its layout and utilization methods. Although it is greatly limited by geographical conditions, it has good development potential and application value in coastal areas.

The Tidal Power Generation Technology market is at a critical stage of technological iteration and large-scale deployment. Technologically, breakthroughs in high-efficiency turbines, corrosion-resistant composite materials, and intelligent operation and maintenance systems are driving improvements in power generation efficiency and cost reductions, with modular and floating devices becoming research hotspots. Regionally, Europe leads the market with its accumulated technology, while the Asia-Pacific and North America regions are accelerating the deployment of demonstration projects, forming a multi-regional collaborative development pattern. On the policy front, many countries have incorporated it into their renewable energy plans, promoting project implementation through policy support and subsidies. Currently, the market still faces challenges such as high initial investment, compatibility with marine environments, and grid integration, but driven by the global energy transition demand, its commercial application potential is gradually being released as the technology matures and the industrial chain improves.

LPI (LP Information)' newest research report, the “Tidal Power Generation Technology Industry Forecast” looks at past sales and reviews total world Tidal Power Generation Technology sales in 2025, providing a comprehensive analysis by region and market sector of projected Tidal Power Generation Technology sales for 2026 through 2032. With Tidal Power Generation Technology sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tidal Power Generation Technology industry.

This Insight Report provides a comprehensive analysis of the global Tidal Power Generation Technology landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Tidal Power Generation Technology portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Tidal Power Generation Technology market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tidal Power Generation Technology and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tidal Power Generation Technology.

This report presents a comprehensive overview, market shares, and growth opportunities of Tidal Power Generation Technology market by product type, application, key players and key regions and countries.

Segmentation by Type:

Single Warehouse One-Way Power Station

Single Warehouse Two-Way Power Station

Double Warehouse Two-Way Power Station

Segmentation by Deployment:

Breakwater Type

Offshore Type

Segmentation by Technology:

Potential Energy Tidal Power Generation

Kinetic Energy Tidal Power Generation

Segmentation by Application:

Power Supply

Ocean Development

Energy Storage and Grid Peak Shaving

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Orbital Marine Power

Tocardo

Verdant Power

ANDRITZ Hydro Hammerfest

Minesto

Nova Innovation

Kepler Energy

VerdErg

GreenSpur Wind

Kawasaki Heavy Industries

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