Tidal Power Market Size, Share, and Growth Analysis

Global Tidal Power Market

Tidal Power Market By Method (Tidal Stream, Tidal Barrage), By Capacity (Up To 100 kW, 100 kW to 500 kW Above), By Depth of Installation, By Application, By Region - Industry Forecast 2025-2032


Report ID: SQMIG55E2084 | Region: Global | Published Date: May, 2025
Pages: 194 |Tables: 116 |Figures: 69

Format - word format excel data power point presentation

Tidal Power Market Insights

Global Tidal Power Market size was valued at USD 2.1 billion in 2023 and is poised to grow from USD 2.57 billion in 2024 to USD 12.76 billion by 2032, growing at a CAGR of 22.2% during the forecast period (2025-2032).

The burgeoning demand for renewable energy sources is emerging as a potent driver behind the rapid expansion of the global tidal power market.

As the world grapples with the pressing issues of climate change and the need to reduce greenhouse gas emissions, there is a growing appetite for clean and sustainable energy solutions, and tidal power is primed to play a pivotal role. One of the primary factors driving the tidal power market is the global shift towards renewable energy.

The escalating awareness of the environmental consequences of fossil fuel dependency, coupled with international commitments to reduce carbon emissions under agreements like the Paris Agreement, has led to a heightened emphasis on clean energy alternatives.

How is AI Transforming Tidal Power Efficiency and Maintenance in 2024?

Artificial intelligence (AI) plays an important role in changing the tidal power market. One of the most influential contributions is in forecast analysis, where AI algorithms are used to accurately predict tidal patterns, ocean currents and energy production. This allows operators to adapt to the performance of tidal turbines by adjusting them in real time depending on the behavior of the ocean, which reduces the cost of increasing efficiency and maintenance. AI also streamlines operation and maintenance by enabling monitoring the condition of underwater equipment.

In 2024, the ELEMENT project in Europe is pioneering the integration of AI-based adaptive control systems into tidal turbines. Additionally, AI-driven predictive maintenance solutions like Siemens’ new generative AI in their Senseye platform are helping reduce unplanned downtime by forecasting equipment failures more accurately, making tidal energy systems more reliable and cost-effective.

Market snapshot - 2025-2032

Global Market Size

USD 2.1 billion

Largest Segment

Shallow Water

Fastest Growth

Transitional Water

Growth Rate

22.2% CAGR

Global Tidal Power Market ($ Bn)
Country Share for North America Region (%)

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Tidal Power Market Segments Analysis

Global Tidal Power Market is segmented by Method, Capacity, Depth of Installation, Application and region. Based on Method, the market is segmented into Tidal Stream, Tidal Barrage, Tidal Turbine and Other Methods. Based on Capacity, the market is segmented into Up To 100 kW and 100 kW to 500 kW Above. Based on Depth of Installation, the market is segmented into Shallow Water, Transitional Water and Deep Water. Based on Application, the market is segmented into Power Generation and Desalination. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Why Is Tidal Stream Technology Gaining Preference?

Tidal stream is currently the dominant segment with a large market share. This is because tidal stream technology harnesses the kinetic energy of moving water currents without requiring large-scale infrastructure like dams. It is less environmentally disruptive compared to tidal barrages, easier to deploy in diverse locations, and benefits from ongoing technological improvements that increase efficiency and reduce costs.

As per the global tidal power market analysis, tidal turbine segment is experiencing the fastest growth. Tidal turbines, which are often a key component of tidal stream projects, are evolving with advanced designs such as floating and bottom-mounted turbines that enable better energy capture and scalability. The modularity and adaptability of tidal turbines make them attractive for expanding tidal power capacity globally.

What Makes Shallow Water Ideal for Tidal Energy Projects?

As per the global tidal power market forecast, shallow water remains the dominant segment in the market. These areas (typically less than 30 meters deep) are preferred due to their proximity to the shore, ease of installation, lower construction costs, and simpler grid connectivity. Shallow water locations are ideal for fixed-bottom turbine foundations, which are cheaper and easier to maintain compared to floating or suspended systems. Countries like the UK, France, and Canada have successfully deployed multiple shallow-water tidal stream projects. Moreover, shallow waters have fewer environmental risks compared to more complex offshore sites, which accelerates the permitting process.

As per global tidal power market outlook, transitional water is currently the fastest-growing segment. As near-shore shallow water locations become limited or saturated, developers are shifting to transitional zones that offer stronger and more consistent tidal currents, leading to higher energy yield. These areas allow for the deployment of semi-submersible and floating tidal turbines, which are being actively developed by companies like Orbital Marine Power.

Global Tidal Power Market By Depth of Installation (%)

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Tidal Power Market Regional Insights

How is North America Contributing to Market Growth?

As per regional forecast, North America is emerging as a strong player in the global tidal power market, driven by a growing focus on renewable energy policies and coastal energy development. The region's vast tidal range and government-backed pilot projects provide fertile ground for innovation and investment. The market here benefits from a combination of academic R&D, public-private partnerships, and technological advancements in underwater energy systems.

Tidal Power Market in United States

The United States has been actively involved in developing tidal energy through research institutions, government initiatives, and pilot testing projects, especially in coastal states like Alaska, Maine, and Washington. The U.S. Department of Energy has supported various marine energy programs aimed at commercializing tidal technologies, with ongoing efforts to reduce costs and scale deployment.

Tidal Power Market in Canada

As per industry analysis, Canada, particularly the Bay of Fundy in Nova Scotia, is home to some of the world’s highest tidal ranges and has been a global leader in tidal stream energy. The country has deployed multiple pilot and commercial-scale turbines and continues to attract investment in marine renewable energy infrastructure. Government-backed innovation funds and streamlined regulatory support further boost Canada's leadership in the market.

What Factors Are Fueling Asia Pacific’s Surge in Tidal Power Adoption?

As per regional outlook, Asia Pacific is witnessing rapid expansion in the tidal power market, driven by rising energy demand, coastal infrastructure investments, and growing commitments to sustainable energy. The region also benefits from strong government policies, advanced marine engineering capabilities, and a favorable geographic layout that includes numerous tidal basins and estuaries.

Tidal Power Market in Japan

Japan has been proactive in exploring tidal and ocean current energy to diversify its post-Fukushima renewable energy mix. Its long coastline and island geography offer ideal locations for pilot deployments. Japanese firms and universities are engaged in R&D collaborations, and demonstration projects are underway to test various tidal turbine technologies in real marine conditions.

Tidal Power Market in South Korea

South Korea stands out in Asia for implementing one of the world’s largest tidal barrage power plants the Sihwa Lake Tidal Power Station. The government’s ambitious green energy goals continue to support tidal research and promote infrastructure upgrades. South Korea's engineering expertise and coastal energy planning put it at the forefront of tidal barrage-based electricity generation.

How is Europe Maintaining Its Leadership in Tidal Power Development?

Europe remains the most advanced region in tidal power, backed by ambitious climate targets, early-stage investments, and robust marine research ecosystems. The region leads in both pilot and commercial deployments of tidal stream and barrage technologies, supported by the European Union’s Horizon funding and cross-border collaborations.

Tidal Power Market in United Kingdom

The UK, particularly Scotland and Wales, is a global hub for tidal Stream Energy. Projects like the MeyGen array in Scotland highlight its leadership in commercial-scale deployments. The UK benefits from strong political support, dedicated funding, and marine energy clusters that drive innovation and job creation in coastal communities.

Tidal Power Market in Germany

Germany, although more focused on wind and solar, is exploring tidal energy as part of its wider energy transition strategy. The country supports R&D initiatives in ocean energy technologies and collaborates on EU-wide projects aimed at developing efficient tidal energy conversion systems.

Tidal Power Market in Italy

Italy is exploring tidal energy potential along its coastal zones, especially in the Strait of Messina and the Adriatic Sea. While still in early stages, Italian companies and research institutions are participating in EU demonstration projects aimed at evaluating the technical and commercial viability of tidal stream and hybrid marine systems.

Global Tidal Power Market By Geography
  • Largest
  • Fastest

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Tidal Power Market Dynamics

Tidal Power Market Drivers

Increasing Demand for Clean and Renewable Energy

  • As global awareness of climate change intensifies, countries worldwide are committing to reducing their carbon footprints. Tidal power, with its predictable and emission-free energy generation, fits well into national renewable energy targets. Governments are introducing supportive policies, subsidies, and incentives to promote tidal projects. This growing demand for sustainable energy solutions drives investments from both public and private sectors, enabling the development of large-scale tidal energy farms and increasing market growth.

Technological Advancements Enhancing Efficiency

  • Recent innovations in turbine design, materials, and digital control systems have significantly improved the efficiency and reliability of tidal energy installations. The integration of AI and machine learning enables real-time monitoring and adaptive control of turbines, allowing them to adjust to changing tidal conditions and optimize energy output. Additionally, improvements in corrosion-resistant materials and underwater construction techniques are reducing maintenance costs and increasing the lifespan of equipment. These advancements make tidal energy more economically viable and attractive to investors.

Tidal Power Market Restraints

High Initial Capital and Infrastructure Costs

  • Tidal power projects require significant upfront investment due to the complexity of underwater installations, specialized equipment, and grid connectivity in remote coastal areas. The capital-intensive nature of these projects often leads to long payback periods, which can discourage investors from seeking quicker returns. Moreover, the lack of economies of scale compared to more mature renewable sectors like wind and solar further amplifies costs, making financing more challenging.

Environmental and Regulatory Concerns

  • Tidal power installations can impact marine ecosystems, affecting fish migration, seabed habitats, and water quality. These environmental risks trigger rigorous assessments and lengthy permitting processes, often involving multiple regulatory bodies. In some cases, community opposition or ecological preservation efforts have delayed or halted projects. Navigating these complex regulatory landscapes adds uncertainty and expense to tidal power development.

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Tidal Power Market Competitive Landscape

The global tidal power industry in 2024 remains highly competitive, with a mix of established energy giants and innovative startups driving technological advancements and project developments. Key players like Siemens Energy, Orbital Marine Power, and Atlantis Resources continue to expand their portfolios by investing in more efficient turbine designs and larger-scale tidal farms.

As per market strategies, in early 2024, Siemens Energy announced a strategic partnership with a leading AI firm to integrate advanced AI-driven predictive maintenance systems into their tidal turbines, aiming to reduce downtime and operational costs significantly.

These companies focus on developing innovative tidal power technologies that aim to make renewable energy more scalable and cost-effective. By leveraging modular designs and advanced turbine systems, they address challenges related to installation and efficiency in coastal and marine environments. Their mission centers on expanding the accessibility of tidal energy while minimizing environmental impact, positioning them as emerging leaders in the marine renewable energy sector.

  • Blue Energy: Founded in 2019, Blue Energy focuses on developing innovative tidal turbine technology designed for lower-cost installation and higher efficiency in a variety of tidal conditions. Their patented modular turbines aim to simplify maintenance and scalability, making tidal power more accessible for smaller coastal communities and emerging markets.
  • OceanFlow Energy: Established in 2020, OceanFlow Energy specializes in deploying underwater tidal kite systems that harness tidal currents with minimal environmental impact. Their technology allows turbines to capture energy from slower tidal flows, expanding the potential locations for tidal energy projects beyond traditional high-flow areas.

Top Player’s Company Profiles

  • SIMEC Atlantis Energy 
  • Proteus Marine Renewables (PMR) 
  • HydroWing 
  • Orbital Marine Power 
  • Marine Current Turbines (MCT) 
  • Andritz Hydro Hammerfest 
  • Tidal Lagoon Power 
  • Nova Innovation 
  • Verdant Power 
  • Schottel Group 
  • Blue Energy Canada 
  • Jiangsu Longyuan Power Group

Recent Developments in Tidal Power Market

  • In February 2024, SIMEC Atlantis Energy was awarded significant funding from the UK government’s Marine Energy Programme to support the development of its MeyGen Phase 2 project, the world’s largest tidal stream array. This funding accelerates project timelines and underscores government support for tidal energy as a key contributor to net-zero targets.
  • In June 2024, HydroWing, part of Inyanga Marine Energy Group, and Verdant Isles, a joint venture between Verdant Power and Duggan Energy, announced a collaboration for their projects at the Morlais tidal energy demonstration zone in Wales. This partnership aims to unlock economies of scale and potentially reduce costs by combining their expertise and resources in deploying tidal energy technologies. The collaboration is part of the broader effort to develop and commercialize tidal energy solutions in the UK.
  • In November 2024, Proteus Marine Renewables (PMR) signed a Memorandum of Understanding (MoU) with SKF Marine and GE Vernova’s Power Conversion business. This strategic alliance aims to supply tidal turbine generation systems (TTGS) for commercial, multi-megawatt tidal stream projects, focusing initially on delivering a minimum of 59 MW to the MeyGen tidal site in Scotland, the largest tidal stream facility in the world.

Tidal Power Key Market Trends

Tidal Power Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, key drivers of market growth include rising demand for renewable energy. The rising demand for renewable energy is expected to boost the tidal power market. Renewable energy resources, replenished on a human timescale, offer sustainable power generation without depleting Earth's resources. The rising demand for renewable energy is expected to boost the tidal power market. The tidal power market recently witnessed increased floating power production system deployments. In the system, the turbines are aligned in a particular way and attached to a standard moving beam. They produce more energy as compared to fixed structures. High initial capital costs and complex permitting processes pose significant challenges to the widespread adoption of tidal power projects. The tidal power market consists of revenues earned by entities by providing services such as site assessment, feasibility studies, design and engineering, and monitoring and optimization.

Report Metric Details
Market size value in 2023 USD 2.1 billion
Market size value in 2032 USD 12.76 billion
Growth Rate 22.2%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Method
    • Tidal Stream
    • Tidal Barrage
    • Tidal Turbine
    • Other Methods
  • Capacity
    • Up To 100 kW
    • 100 kW to 500 kW Above
  • Depth of Installation
    • Shallow Water
    • Transitional Water
    • Deep Water
  • Application
    • Power Generation
    • Desalination
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • SIMEC Atlantis Energy 
  • Proteus Marine Renewables (PMR) 
  • HydroWing 
  • Orbital Marine Power 
  • Marine Current Turbines (MCT) 
  • Andritz Hydro Hammerfest 
  • Tidal Lagoon Power 
  • Nova Innovation 
  • Verdant Power 
  • Schottel Group 
  • Blue Energy Canada 
  • Jiangsu Longyuan Power Group
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Tidal Power Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Tidal Power Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Tidal Power Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Tidal Power Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Tidal Power Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Tidal Power Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Tidal Power Market size was valued at USD 1.2 Billion in 2023 and is poised to grow from USD 1.46 Billion in 2024 to USD 7.13 Billion by 2032, growing at a CAGR of 21.9% in the forecast period (2025-2032).

The global tidal power industry in 2024 remains highly competitive, with a mix of established energy giants and innovative startups driving technological advancements and project developments. Key players like Siemens Energy, Orbital Marine Power, and Atlantis Resources continue to expand their portfolios by investing in more efficient turbine designs and larger-scale tidal farms. 'SIMEC Atlantis Energy', 'Proteus Marine Renewables (PMR)', 'HydroWing', 'Orbital Marine Power', 'Marine Current Turbines (MCT)', 'Andritz Hydro Hammerfest', 'Tidal Lagoon Power', 'Nova Innovation', 'Verdant Power', 'Schottel Group', 'Blue Energy Canada', 'Jiangsu Longyuan Power Group'

As global awareness of climate change intensifies, countries worldwide are committing to reducing their carbon footprints. Tidal power, with its predictable and emission-free energy generation, fits well into national renewable energy targets. Governments are introducing supportive policies, subsidies, and incentives to promote tidal projects. This growing demand for sustainable energy solutions drives investments from both public and private sectors, enabling the development of large-scale tidal energy farms and increasing market growth.

Integration of Artificial Intelligence for Optimization and Maintenance: AI technologies are revolutionizing how tidal energy systems operate. Projects like the 2024 ELEMENT initiative in Europe employ AI-driven adaptive controls to continuously optimize turbine performance based on tidal flow patterns, reducing energy costs. Similarly, AI-powered predictive maintenance solutions forecast equipment wear and potential failures before they happen, minimizing downtime and repair expenses. This tidal power market trend toward digitalization not only improves operational efficiency but also attracts tech-driven investments.

How is North America Contributing to Market Growth?

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