세계의 파력 및 조력 에너지 시장 : 유형별, 기술별, 용도별, 지역별 - 시장 규모, 산업 동향, 기회 분석 및 예측(2025-2033년)

The global wave and tidal energy market is experiencing rapid expansion, reflecting growing recognition of the ocean's vast and largely untapped renewable energy potential. Valued at approximately US$ 7.1 billion in 2024, this sector is poised for remarkable growth, with projections indicating that it will generate revenues of around US$ 17.7 billion by 2033. This growth corresponds to an impressive compound annual growth rate (CAGR) of 43.0% over the forecast period from 2025 to 2033, underscoring the increasing momentum behind marine energy technologies.

Central to this growth is the ability of wave and tidal energy to harness the ocean's predictable and consistent power. The moon and sun's gravitational forces produce highly regular and predictable tidal cycles, unlike some other renewable sources that are susceptible to weather variability. This predictability offers a significant advantage for grid integration and energy planning, making tidal energy an attractive option for utilities and policymakers seeking dependable renewable power.

Noteworthy Market Developments

The wave and tidal energy market is characterized by intense competition, with key players aggressively focusing on technological innovation, cost reduction, and strategic partnerships as critical strategies to capture and expand their market share. Companies operating within this sector are continually striving to develop more efficient, reliable, and cost-effective marine energy technologies to meet the growing demand for clean and sustainable power. Among the leaders in this competitive landscape are Aquanet Power, Carnegie Clean Energy, and Ocean Power Technologies, each bringing unique expertise and innovative solutions to the market.

A notable example of government support occurred in October 2025 when The Marine Renewable Energy Collaborative (MRECo), a non-profit organization committed to the sustainable development of ocean renewable energy, received nearly $1.9 million from the Massachusetts Clean Energy Center (MassCEC). This funding is earmarked for upgrading and expanding MRECo's tidal and wave energy test sites, enabling more advanced testing and validation of emerging technologies.

This mix of players fosters rapid technological advancements and accelerates the commercialization of wave and tidal energy technologies. Startups often bring fresh ideas and agility, while larger companies leverage their resources and market reach to scale innovations effectively. Government-backed initiatives play a crucial role in supporting research, development, and demonstration projects, helping to bridge the gap between experimental technology and full-scale deployment.

Core Growth Drivers

A pressing need for energy independence in remote and island communities is driving the emergence of a distinct demand segment within the wave and tidal energy market. These communities often face significant challenges in securing reliable and affordable electricity, as they frequently depend on costly and environmentally harmful diesel imports to meet their power needs. The reliance on diesel not only results in high operational expenses but also contributes to pollution and greenhouse gas emissions, making sustainable alternatives a critical priority. In light of these challenges, governments and organizations worldwide are launching targeted initiatives aimed at promoting renewable marine energy solutions tailored to the specific needs of isolated and off-grid locations.

Emerging Opportunity Trends

A significant opportunity is arising from the strategic co-location of wave and tidal energy projects alongside offshore wind farms and aquaculture sites. This hybrid approach leverages shared infrastructure, which can substantially reduce both capital expenditure and ongoing operational costs. By combining these renewable energy sources within a single geographic footprint, developers can optimize the use of existing platforms, transmission lines, and maintenance facilities, thereby improving overall project economics and feasibility. This shared infrastructure not only cuts down on the financial burden of establishing separate installations but also streamlines logistics and resource management across the different energy and aquaculture sectors.

Barriers to Optimization

The complexities associated with underwater cabling and grid connection for offshore wave and tidal energy projects present a significant challenge that could potentially hamper market growth. Establishing reliable electrical connections between offshore energy installations and onshore grids is a highly intricate process due to the harsh marine environment and the technical demands involved. Laying underwater cables requires specialized vessels, careful route planning to avoid environmentally sensitive areas or existing infrastructure, and the use of robust materials capable of withstanding extreme pressures, corrosion, and mechanical stresses. These factors contribute to high installation costs and extended project timelines, which can deter investment and slow the pace of development.

Detailed Market Segmentation

By Type, the tidal energy segment is poised to maintain its dominant position within the wave and tidal energy market, currently holding more than 87% of the market share. This commanding lead is largely attributed to the inherent predictability of tidal movements, which are governed by the gravitational forces exerted by the moon and the sun. Unlike other renewable energy sources such as wind and solar power, which can be highly variable and subject to sudden changes due to weather conditions, tidal energy benefits from the consistent and cyclical nature of tides. These tidal patterns follow well-established astronomical cycles, allowing for highly accurate forecasts that can predict tidal behavior years into the future.

By Technology, tidal energy technology is expected to maintain its dominant position, commanding a share that exceeds 87%. This overwhelming preference for tidal energy over other marine energy technologies is largely due to its reliability and predictability, which are crucial factors in integrating renewable sources into existing power grids. Among the various tidal energy technologies, tidal barrages and tidal stream generators stand out as the most prominent and widely adopted solutions.

By Application, power generation stands as the dominant application within the wave and tidal energy market, commanding a commanding 81.50% share of the overall market. This leadership is rooted in the primary objective of wave and tidal energy technologies: to harness the immense power of marine environments and convert it into electricity that can be supplied to the grid. The ability to generate clean, renewable energy from ocean tides and waves presents a compelling alternative to traditional fossil fuel sources, addressing the global demand for sustainable power solutions while reducing carbon emissions.

Segment Breakdown

By Type:

• Wave Energy
• Tidal Energy

By Technology:

• Wave Energy
• Floats or Pitching Devices
• Oscillating Water Columns
• Tapered Channel
• Point Absorber
• Attenuators
• Terminator Device
• Tidal Energy
• Barrages or Dams
• Tidal Fences
• Tidal Turbines

By Application:

• Power Generation
• Desalination

By Region:

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• Saudi Arabia
• South Africa
• UAE
• Rest of MEA
• South America
• Argentina
• Brazil
• Rest of South America

Geography Breakdown

• Europe holds a commanding position in the global wave and tidal energy market, capturing a substantial 46.20% share. This leadership is fueled by the region's advanced project pipeline and well-established testing infrastructure, which collectively create a strong foundation for ongoing innovation and deployment. A key contributor to this success is the European Marine Energy Centre (EMEC) in Scotland, which played a pivotal role throughout 2024 by facilitating testing activities for 12 marine energy clients.
• France is also making significant strides in expanding its wave and tidal energy capacity. One of the flagship projects is the FloWatt tidal initiative located in Normandy, which is scheduled to begin installing seven turbines in 2025. Each turbine will have a capacity of 2.5 megawatts, representing a notable boost to France's renewable energy infrastructure and signaling the country's commitment to harnessing tidal power as a sustainable energy source. Meanwhile, in the Netherlands, the Oosterschelde Tidal Power Plant is operational with five turbines that collectively aim to generate 3.2 gigawatt-hours of electricity in 2024.

Leading Market Participants

• Applied Technologies Company, Ltd.
• Aquagen Technologies
• BioPower Systems Pty. Ltd.
• Blue Energy Canada Inc.
• Carnegie Clean Energy Ltd.
• Corpower Ocean AB
• Eco Wave Power AB
• Nova Innovation Ltd.
• Ocean Power Technologies Inc.
• Ocean Renewable Power Company, LLC
• Orbital Marine Power
• Pelamis Wave Power
• SIMEC Atlantis Energy Ltd
• Tidal Lagoon Plc
• Verdant Power, Inc.
• Other Prominent Players

Table of Content

Chapter 1. Research Framework

• 1.1. Research Objective
• 1.2. Product Overview
• 1.3. Market Segmentation

Chapter 2. Research Methodology

• 2.1. Qualitative Research
  • 2.1.1. Primary & Secondary Sources
• 2.2. Quantitative Research
  • 2.2.1. Primary & Secondary Sources
• 2.3. Breakdown of Primary Research Respondents, By Region
• 2.4. Assumption for the Study
• 2.5. Market Size Estimation
• 2.6. Data Triangulation

Chapter 3. Executive Summary: Global Wave and Tidal Energy Market

Chapter 4. Global Wave and Tidal Energy Market Overview

• 4.1. Industry Value Chain Analysis
  • 4.1.1. Developer
  • 4.1.2. Technology Integrator
  • 4.1.3. Service Provider
  • 4.1.4. End User
• 4.2. Industry Outlook
  • 4.2.1. Wave and Tidal Energy Market (Overview of Technologies)
• 4.3. PESTLE Analysis
• 4.4. Porter's Five Forces Analysis
  • 4.4.1. Bargaining Power of Suppliers
  • 4.4.2. Bargaining Power of Buyers
  • 4.4.3. Threat of Substitutes
  • 4.4.4. Threat of New Entrants
  • 4.4.5. Degree of Competition
• 4.5. Market Dynamics and Trends
  • 4.5.1. Growth Drivers
  • 4.5.2. Restraints
  • 4.5.3. Opportunities
  • 4.5.4. Key Trends
• 4.6. Covid-19 Impact Assessment on Market Growth Trend
• 4.7. Market Growth and Outlook
  • 4.7.1. Market Revenue Estimates and Forecast (US$ Bn), 2020 - 2033
  • 4.7.2. Market Capacity Estimates and Forecast (MW), 2020 - 2033
  • 4.7.3. Pricing Analysis
• 4.8. Competition Dashboard
  • 4.8.1. Market Concentration Rate
  • 4.8.2. Company Market Share Analysis (Value %), 2024
  • 4.8.3. Competitor Mapping

Chapter 5. Global Wave and Tidal Energy Market, By Type

• 5.1. Key Insights
• 5.2. Market Size and Forecast, 2020 - 2033 (US$ Bn & MW)
  • 5.2.1. Wave Energy
  • 5.2.2. Tidal Energy

Chapter 6. Global Wave and Tidal Energy Market, By Technology

• 6.1. Key Insights
• 6.2. Market Size and Forecast, 2020 - 2033 (US$ Bn & MW)
  • 6.2.1. Wave Energy
    • 6.2.1.1. Floats or Pitching Devices
    • 6.2.1.2. Oscillating Water Columns
    • 6.2.1.3. Tapered Channel
    • 6.2.1.4. Point Absorber
    • 6.2.1.5. Attenuators
    • 6.2.1.6. Terminator Device
  • 6.2.2. Tidal Energy
    • 6.2.2.1. Barrages or Dams
    • 6.2.2.2. Tidal Fences
    • 6.2.2.3. Tidal Turbines

Chapter 7. Global Wave and Tidal Energy Market, By Application

• 7.1. Key Insights
• 7.2. Market Size and Forecast, 2020 - 2033 (US$ Bn & MW)
  • 7.2.1. Power Generation
  • 7.2.2. Desalination

Chapter 8. Global Wave and Tidal Energy Market Analysis, By Region

• 8.1. Key Insights
• 8.2. Market Size and Forecast, 2020 - 2033 (US$ Bn & MW)
  • 8.2.1. North America
    • 8.2.1.1. The U.S.
    • 8.2.1.2. Canada
    • 8.2.1.3. Mexico
  • 8.2.2. Europe
    • 8.2.2.1. Western Europe
      • 8.2.2.1.1. The UK
      • 8.2.2.1.2. Germany
      • 8.2.2.1.3. France
      • 8.2.2.1.4. Italy
      • 8.2.2.1.5. Spain
      • 8.2.2.1.6. Rest of Western Europe
    • 8.2.2.2. Eastern Europe
      • 8.2.2.2.1. Poland
      • 8.2.2.2.2. Russia
      • 8.2.2.2.3. Rest of Eastern Europe
  • 8.2.3. Asia Pacific
    • 8.2.3.1. China
    • 8.2.3.2. India
    • 8.2.3.3. Japan
    • 8.2.3.4. South Korea
    • 8.2.3.5. Australia & New Zealand
    • 8.2.3.6. ASEAN
    • 8.2.3.7. Rest of Asia Pacific
  • 8.2.4. Middle East & Africa (MEA)
    • 8.2.4.1. UAE
    • 8.2.4.2. Saudi Arabia
    • 8.2.4.3. South Africa
    • 8.2.4.4. Rest of MEA
  • 8.2.5. South America
    • 8.2.5.1. Brazil
    • 8.2.5.2. Argentina
    • 8.2.5.3. Rest of South America

Chapter 9. North America Wave and Tidal Energy Market Analysis

• 9.1. Key Insights
• 9.2. Market Size and Forecast, 2020 - 2033 (US$ Bn & MW)
  • 9.2.1. By Type
  • 9.2.2. By Technology
  • 9.2.3. By Application
  • 9.2.4. By Country

Chapter 10. Europe Wave and Tidal Energy Market Analysis

• 10.1. Key Insights
• 10.2. Market Size and Forecast, 2020 - 2033 (US$ Bn & MW)
  • 10.2.1. By Type
  • 10.2.2. By Technology
  • 10.2.3. By Application
  • 10.2.4. By Country

Chapter 11. Asia Pacific Wave and Tidal Energy Market Analysis

• 11.1. Key Insights
• 11.2. Market Size and Forecast, 2020 - 2033 (US$ Bn & MW)
  • 11.2.1. By Type
  • 11.2.2. By Technology
  • 11.2.3. By Application
  • 11.2.4. By Country

Chapter 12. Middle East & Africa Wave and Tidal Energy Market Analysis

• 12.3. Key Insights
• 12.4. Market Size and Forecast, 2020 - 2033 (US$ Bn & MW)
  • 12.4.1. By Type
  • 12.4.2. By Technology
  • 12.4.3. By Application
  • 12.4.4. By Country

Chapter 13. South America Wave and Tidal Energy Market Analysis

• 13.1. Key Insights
• 13.2. Market Size and Forecast, 2020 - 2033 (US$ Bn & MW)
  • 13.2.1. By Type
  • 13.2.2. By Technology
  • 13.2.3. By Application
  • 13.2.4. By Country

Chapter 14. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, Measurement Methods and Business Strategy Outlook)

• 14.1. Applied Technologies Company, Ltd.
• 14.2. Aquagen Technologies
• 14.3. BioPower Systems Pty. Ltd.
• 14.4. Blue Energy Canada Inc.
• 14.5. Carnegie Clean Energy Ltd.
• 14.6. Corpower Ocean AB
• 14.7. Eco Wave Power AB
• 14.8. Nova Innovation Ltd.
• 14.9. Ocean Power Technologies Inc.
• 14.10. Ocean Renewable Power Company, LLC
• 14.11. Orbital Marine Power
• 14.12. Pelamis Wave Power
• 14.13. SIMEC Atlantis Energy Ltd
• 14.14. Tidal Lagoon Plc
• 14.15. Verdant Power, Inc.
• 14.16. Other Prominent Players