Tidal Turbines Market to grow by USD 34 Million from 2024-2028, driven by rising demand for renewable energy and AI's role in market transformation - Technavio

Barchart · 10/25 16:33

NEW YORK, Oct. 25, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The Global Tidal Turbines Market size is estimated to grow by USD 34 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.45% during the forecast period.Increasing demand for renewable energy sources is driving market growth, with a trend towards technological advancements in tidal turbinee. However, requirement of high capital investments in tidal energy projects poses a challenge.Key market players include Andritz AG, Aquantis Inc, Guinard Energies Nouvelles, Hyundai Heavy Industries Group, Instream Energy Systems Corp., Jupiter Hydro Inc, Lockheed Martin Corp., MAKO Tidal Turbines Pty Ltd., Oceana Energy Co., OpenHydro Group Ltd, Orbital Marine Power Ltd, SABELLA SA, SAS HYDROQUEST, Simec Atlantis Energy Ltd., TOCARDO BV, and TPGen24.

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