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Global wave and tidal energy market was valued US$ 540.23 Mn in 2017 and is expected to reach US$ 12234 Mn by 2026 , at a CAGR of 47.86% during a forecast period.
The global wave and tidal energy market based on type, technology, end-user, and region. In terms of type, the global wave and tidal energy market are classified into wave power plants and tidal power plants. Based on technology , the global wave, and tidal energy market is segregated into the tidal steam generator, pendulor device, oscillating water columns, barrage and others. On the basis of end-user , the global wave and tidal energy market are categorized into residential, commercial and industrial. Region wise into North America, Europe, Asia Pacific, Middle East & Africa , and Latin America.
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The global wave and tidal energy market witnesses highest demand owing to rise in an expansion of the projects across countries, which results in massive electricity cost reduction. Moreover, an increase in investments and new policies by local governments promotes the technology developers for rapid commercialization of their energy converter devices. The technology development is still in the development phase for both energy forms. Together with the increase in stringent environmental protection regulations across the globe, is compelling the power generation industry to switch to cleaner and environment-friendly energy resources. This is anticipated to emerge as the key driver of the global wave and tidal energy market in future.
In terms of type, tidal energy is anticipated to lead the market through 2026. The assortment of technologies brought by companies to leverage the potential of this type of energy will account for the attractive growth. The most important step toward the commercialization of tidal technology is represented by the MeyGen project , which has been operational since 2017.
The Asia Pacific is one of the key and most attractive markets for wave and tidal energy market. The substantial growth of the economy, awareness amongst the population, availability of resources, and developments in open test sites are anticipated to increase market growth over the forecast period. The North America market has witnessed several developments in recent years.
Some of the key players in the global wave and tidal energy market are Aquamarine Power Ltd., Marine Current Turbines Ltd. , Atlantis Resources Ltd., AquaGen Technologies, Tenax Energy, Ocean Renewable Power Company LLC, Ocean Power Technologies , Inc., Carnegie Wave Energy, and Pelamis Wave Power.
Scope of the Global Wave and Tidal Energy Market
Global Wave and Tidal Energy Market by Type
鈥?Wave Power Plants
鈥?Tidal Power Plants
Global Wave and Tidal Energy Market by Technology
鈥?Tidal Steam Generator
鈥?Pendulor Device
鈥?Oscillating Water Columns
鈥?Barrage
鈥?Others
Global Wave and Tidal Energy Market by End-User
鈥?Residential
鈥?Commercial
鈥?Industrial
Global Wave and Tidal Energy Market by Geography
鈥?North America
鈥?Europe
鈥?Asia-Pacific
鈥?Middle East & Africa
鈥?Latin America
Key Players operating in the Global Wave and Tidal Energy Market
鈥?Aquamarine Power Ltd.
鈥?Marine Current Turbines Ltd.
鈥?Atlantis Resources Ltd.
鈥?AquaGen Technologies
鈥?Tenax Energy
Report Published by: Maximize Market Research
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We have a long history with domesticated animals and even the nay Sayers can't deny their roll in society past and present.
There is evidence that as long as 10,000 years ago the Native Americans had domesticated dogs as depicted in early rock paintings. Apparently, the dogs in the painting look remarkably like the Carolina dogs of today.
It has been well documented that dogs and horses of past have been bred to assist us in various ways whether it be pack dog , work horse, hunter or herder. There is no doubt that they have value and have contributed to society in many ways.
The cat however is a very interesting animal indeed. I have yet to see a cat that can herd, or help with the hunt or carry supplies on their backs for us. The cat is strictly a companion to us, that is if they decide to allow you to be graced with their presence. Most cats still have that strong hunting urge as evidenced by your cats offering of that bird he just caught or mouse he brings to you. Most cats get attached to an area that they claim as their own. Some cats get very attached to the people who love them but as a general rule I think the cat feels he is the one who rules and he is allowing you to care for him. Still, we love them.
Horses are a special breed and have a tremendous ability to assist us in ways as only the horse can. Horses have been our mode of transportation much longer than our current ways of getting around. They are to me of such beauty , grace, and power and I always think of them in that way much more than an animal that works for us. They are spectacular.
Dogs however are by far the most domesticated of all animals. They not only help us but they are so genuinely attached to people and their antics are a constant source of pleasure to us. Just look at children or elderly people in an old folks home. If a child finds a stray dog they will surely beg you to allow them to keep the dog. If you take a dog into an old folks home you can see the dog respond happily around them and the smiles on peoples faces are a joy to see.
I had a Springer Spaniel when I was younger and he was the funniest, most easy- going dog around. He was unusual in that he had a very special relationship with our guinea pig. We had the best time watching these two at play. It was the same every day. The guinea pig would wait at. |
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