NewEnergyNews: The Emerging Global Forces In Wave And Tidal Energies

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    Friday, April 06, 2018

    The Emerging Global Forces In Wave And Tidal Energies

    The global wave and tidal energy market size is expected to reach USD 3.9 billion by 2025; Wave and Tidal Energy Market Size, Share & Trends Analysis Report By Energy Type (Wave, Tidal), By Region (North America, Europe, Asia Pacific), Competitive Landscape, And Segment Forecasts, 2018 – 2025

    April 3, 2018 (PRNewswire)

    “The global wave and tidal energy market size is expected to reach USD 3.9 billion by 2025…[from] a 42.5% CAGR…[The global need] to reduce dependency on fossil fuels, increasing investments, and supportive government regulations are likely to fuel market growth…The capacities in wind, marine, solar, waste-to-energy, small geothermal and hydro sources, and biomass combined added up to 138.5 GW in 2016, up from 127.5 GW in 2015…[Ocean energy is witnessing significant development in] U.K., Ireland, Sweden, Portugal, Thailand, India, Japan, China, Canada, and U.S…[though] high cost and socio-economic and environmental barriers are likely to restrain the development… of the market over the forecast period…[Wave energy will likely grow most in] Ireland, Sweden, Portugal, U.S., China, and New Zealand…Asia Pacific is expected to be a lucrative market for the technology on account of supportive government initiatives…” click here for more

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