Japan Tidal Current Turbine Market was valued at USD 0.10 Billion in 2022 and is projected to reach USD 0.35 Billion by 2030, growing at a CAGR of 15.8% from 2024 to 2030.
The Japan tidal current turbine market is experiencing significant growth due to the increasing emphasis on renewable energy sources. Tidal current turbines are an effective means of harnessing the energy from ocean tides, providing a reliable and consistent power source. These turbines are deployed in various applications including grid-connected systems, off-grid applications, and hybrid systems. Grid-connected systems are particularly notable for their ability to supply a stable and continuous flow of electricity to the national grid, thereby supporting Japan's energy transition goals and contributing to a reduction in carbon emissions. This segment is driven by the need for sustainable energy solutions that can complement the existing power infrastructure.
Off-grid applications represent another vital segment of the tidal current turbine market. These applications are ideal for remote locations or islands where connecting to the central power grid is not feasible or economically viable. Tidal current turbines installed in off-grid settings can provide local communities with a stable and autonomous source of energy, which is crucial for areas that lack reliable electricity access. This market segment is expanding as technological advancements make it increasingly cost-effective to deploy and maintain tidal current turbines in isolated regions.
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ANDRITZ
Orbital Marine Power
SIMEC Atlantis Energy
Tocardo
Siemens（Marine Current Turbines）
Verdant Power
Ocean Renewable Power Company(ORPC)
Minesto
Nova Innovation
EEL Energy
Atlantisstrom
Tidal Energy Pty Ltd
Ocean Flow Energy Ltd
EMEC Ltd
Renewable Devices Marine Ltd
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Tidal Current Turbine Market
Energy Industry
Marine Industry
Others
Based on Types the Market is categorized into Below types that held the largest Tidal Current Turbine market share In 2023.
Horizontal Axis Turbines
Vertical Axis Turbines
Others
Japan (United States, Japan and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Japan Tidal Current Turbine Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Tidal Current Turbine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Tidal Current Turbine Market, By Type
6. Japan Tidal Current Turbine Market, By Application
7. Japan Tidal Current Turbine Market, By Geography
Japan
Europe
Asia Pacific
Rest of the World
8. Japan Tidal Current Turbine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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