Tidal Power - Global Strategic Business Report

The global market for Tidal Power was estimated at US$681.4 Million in 2024 and is projected to reach US$1.1 Billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Tidal Power market.

Global Tidal Power Market - Key Trends & Drivers Summarized

Is Tidal Power the Most Underutilized Renewable Energy Source With Massive Potential?

Tidal power, a form of hydropower that harnesses the energy of oceanic tides to generate electricity, is gaining renewed attention in the global transition toward clean energy. Unlike solar or wind, tidal power offers inherent predictability-since tides are governed by lunar cycles-and a consistent energy yield over time. It has historically lagged behind other renewables due to high capital costs and environmental concerns, but advances in turbine design, underwater infrastructure, and coastal grid integration are now making it a more viable part of national energy strategies.

There are three main types of tidal energy generation: tidal stream systems, tidal barrages, and tidal lagoons. Among them, tidal stream technology-resembling underwater wind turbines placed in fast-flowing tidal currents-is currently the most scalable and environmentally friendly. Countries with long coastlines and strong tidal ranges, such as the UK, Canada, South Korea, and France, are at the forefront of commercialization. As governments seek diversified energy mixes that are resilient and low-carbon, tidal power is increasingly viewed as a complementary source of baseload electricity in coastal grids.

How Are Technology Advancements Enhancing Efficiency and Environmental Compatibility?

Breakthroughs in turbine engineering are significantly improving the efficiency and cost-effectiveness of tidal energy systems. Modern horizontal-axis and vertical-axis turbines are designed to withstand harsh marine environments and reduce drag, making them more durable and productive. Subsea foundations, often gravity-based or anchored with monopiles, are now modular and easier to install, reducing construction time and ecosystem disruption. Blade materials have evolved to include composites and corrosion-resistant alloys, ensuring long operational lifespans with minimal maintenance.

Simultaneously, data-driven approaches-such as real-time ocean current monitoring, machine learning for predictive maintenance, and digital twin modeling-are increasing energy output and reducing operational risks. Acoustic and hydrodynamic modeling tools are being used to assess marine biodiversity impact, guiding environmentally conscious deployment. Acoustic deterrents, rotor shielding, and low-RPM blade designs are being implemented to mitigate harm to marine fauna. These technological innovations are addressing both the efficiency limitations and ecological concerns that historically hindered tidal power expansion.

Can Grid Integration, Policy Incentives, and Coastal Urbanization Fuel Growth?

The growing focus on coastal resilience and marine infrastructure is creating new synergies for tidal power deployment. Many coastal cities are investing in seawalls, breakwaters, and flood barriers to combat sea level rise and extreme weather. Tidal power installations-particularly tidal lagoons and hybrid flood-defense systems-are being co-developed with these civil works to provide dual-purpose infrastructure. This not only optimizes space but also reduces project cost per function, making the economics of tidal energy more favorable.

Additionally, grid integration strategies are evolving to accommodate the cyclical nature of tidal power. Paired with battery storage, pumped hydro, or hydrogen generation, tidal systems can provide reliable energy supply for remote coastal regions and island nations that face fuel import dependency. Government incentives, feed-in tariffs, and blue energy funding programs are being launched to de-risk investments and accelerate deployment. Moreover, national decarbonization targets are encouraging energy developers to diversify into marine renewables, with tidal energy increasingly included in long-term clean power procurement policies.

What Is Driving the Global Growth of the Tidal Power Market?

The growth in the tidal power market is driven by several interrelated factors linked to renewable diversification, technological maturation, and coastal infrastructure development. First, the increasing demand for predictable and resilient renewable energy sources is positioning tidal power as a valuable complement to intermittent sources like wind and solar. Second, advances in subsea turbine design, corrosion-resistant materials, and modular installation platforms are reducing both capital and operational expenditures.

Third, the integration of tidal systems with coastal protection and urban marine planning is making multi-use infrastructure projects more viable and economically attractive. Fourth, national and regional policy frameworks-especially in countries with long tidal coastlines-are providing financial and regulatory support for pilot and commercial-scale projects. Fifth, innovations in hybrid energy systems, such as coupling tidal with energy storage or hydrogen electrolysis, are enhancing dispatchability and grid stability. Lastly, the rise of marine spatial planning and environmental impact modeling is enabling more responsible, ecologically balanced project deployment. Together, these drivers are reshaping tidal power from an experimental concept into a dependable player in the global renewable energy transition.

Scope Of Study:

The report analyzes the Tidal Power market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments: Power Generation Method (Tidal Barrage, Floating Tidal Power Platform, Tidal Stream Generation, Dynamic Tidal Power); Tidal Energy Converter (Horizontal Axis Turbine, Vertical Axis Turbine, Other Tidal Energy Converters)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Tidal Barrage segment, which is expected to reach US$519.7 Million by 2030 with a CAGR of a 9.9%. The Floating Tidal Power Platform segment is also set to grow at 5.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $185.7 Million in 2024, and China, forecasted to grow at an impressive 12.5% CAGR to reach $232.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Tidal Power Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Tidal Power Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Tidal Power Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Atlantis Resources Ltd., Bluewater Energy Services, DCNS (Naval Group), DP Energy, Eco Wave Power and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 32 companies featured in this Tidal Power market report include:

• Atlantis Resources Ltd.
• Bluewater Energy Services
• DCNS (Naval Group)
• DP Energy
• Eco Wave Power
• EDP Renewables
• EEL Energy
• Grays Harbor Energy LLC
• Hammerfest Strom AS
• IFREMER
• Landyachtz Energy
• Lunar Energy
• Marine Current Turbines (MCT)
• Marine Power Systems
• Minesto AB
• OpenHydro (now part of SDIC)
• Orbital Marine Power
• Simec Atlantis Energy
• Tocardo Tidal Power
• Verdant Power

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.