Thursday 8 March 2018

The global wave and tidal energy market size was valued at USD 212.7 million in 2016, growing at a CAGR of 42.5% over the forecast period. Urgent need to replace current energy sources i.e. fossil fuels such as gas, oil, and coal is a major market driver. The market is also backed by growing funding from public and private sectors mainly for taking control over energy security, employment generation, economic positioning, and addressing changing climatic conditions.

The full report by Grand View Research, Inc. can be found here.