Industry: Energy & Power
Published Date: 2025-08-14
Pages: 84 Pages
Report ld: 4926305
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Tidal Stream Energy Device Market Size(US$)

CAGR 2025-2031
18.2%
Market Size,2031
USD 1,656
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Tidal Stream Energy Device was valued at US$ 515 million in the year 2024 and is projected to reach a revised size of US$ 1656 million by 2031, growing at a CAGR of 18.2% during the forecast period.
A Tidal Stream Energy Device is a type of renewable energy technology that harnesses the kinetic energy of fast-moving tidal currents to generate electricity. These devices are typically installed on the seabed in areas with strong tidal flows and function similarly to underwater wind turbines, with rotor blades driven by the natural movement of water. Unlike tidal barrages, they do not require large dams or barriers and are considered less invasive to marine environments. Tidal stream devices offer predictable and consistent energy output due to the regularity of tidal patterns, making them a promising source of clean, sustainable electricity.
North American market for Tidal Stream Energy Device is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Tidal Stream Energy Device is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The global market for Tidal Stream Energy Device in Small Pilot Scale Units is estimated to increase from $ million in 2024 to $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global companies of Tidal Stream Energy Device include Orbital Marine Power, HydroQuest, Magallanes Renovables, Andritz, Nova Innovation, Minesto, SAE Renewables, Tocardo, ORPC, Inyanga Marine Energy, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Tidal Stream Energy Device, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tidal Stream Energy Device.
The Tidal Stream Energy Device market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Tidal Stream Energy Device market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Tidal Stream Energy Device companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Tidal Stream Energy Device company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Tidal Stream Energy Device Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Horizontal Axis Turbines
1.2.3 Vertical Axis Turbines
1.2.4 Oscillating Hydrofoils
1.2.5 Venturi Devices
1.2.6 Archimedes Screws
1.2.7 Tidal Kites
1.3 Market by Application
1.3.1 Global Tidal Stream Energy Device Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Small Pilot Scale Units
1.3.3 Medium Industrial Scale Units
1.3.4 Large Industrial Scale Units
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Tidal Stream Energy Device Market Perspective (2020-2031)
2.2 Global Tidal Stream Energy Device Growth Trends by Region
2.2.1 Global Tidal Stream Energy Device Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Tidal Stream Energy Device Historic Market Size by Region (2020-2025)
2.2.3 Tidal Stream Energy Device Forecasted Market Size by Region (2026-2031)
2.3 Tidal Stream Energy Device Market Dynamics
2.3.1 Tidal Stream Energy Device Industry Trends
2.3.2 Tidal Stream Energy Device Market Drivers
2.3.3 Tidal Stream Energy Device Market Challenges
2.3.4 Tidal Stream Energy Device Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Tidal Stream Energy Device Players by Revenue
3.1.1 Global Top Tidal Stream Energy Device Players by Revenue (2020-2025)
3.1.2 Global Tidal Stream Energy Device Revenue Market Share by Players (2020-2025)
3.2 Global Top Tidal Stream Energy Device Players by Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Tidal Stream Energy Device Revenue
3.4 Global Tidal Stream Energy Device Market Concentration Ratio
3.4.1 Global Tidal Stream Energy Device Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Tidal Stream Energy Device Revenue in 2024
3.5 Global Key Players of Tidal Stream Energy Device Head office and Area Served
3.6 Global Key Players of Tidal Stream Energy Device, Product and Application
3.7 Global Key Players of Tidal Stream Energy Device, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Tidal Stream Energy Device Breakdown Data by Type
4.1 Global Tidal Stream Energy Device Historic Market Size by Type (2020-2025)
4.2 Global Tidal Stream Energy Device Forecasted Market Size by Type (2026-2031)
5 Tidal Stream Energy Device Breakdown Data by Application
5.1 Global Tidal Stream Energy Device Historic Market Size by Application (2020-2025)
5.2 Global Tidal Stream Energy Device Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Tidal Stream Energy Device Market Size (2020-2031)
6.2 North America Tidal Stream Energy Device Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Tidal Stream Energy Device Market Size by Country (2020-2025)
6.4 North America Tidal Stream Energy Device Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Tidal Stream Energy Device Market Size (2020-2031)
7.2 Europe Tidal Stream Energy Device Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Tidal Stream Energy Device Market Size by Country (2020-2025)
7.4 Europe Tidal Stream Energy Device Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Ireland
8 Asia-Pacific
8.1 Asia-Pacific Tidal Stream Energy Device Market Size (2020-2031)
8.2 Asia-Pacific Tidal Stream Energy Device Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Tidal Stream Energy Device Market Size by Region (2020-2025)
8.4 Asia-Pacific Tidal Stream Energy Device Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia & New Zealand
9 Latin America
9.1 Latin America Tidal Stream Energy Device Market Size (2020-2031)
9.2 Latin America Tidal Stream Energy Device Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Tidal Stream Energy Device Market Size by Country (2020-2025)
9.4 Latin America Tidal Stream Energy Device Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Tidal Stream Energy Device Market Size (2020-2031)
10.2 Middle East & Africa Tidal Stream Energy Device Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Tidal Stream Energy Device Market Size by Country (2020-2025)
10.4 Middle East & Africa Tidal Stream Energy Device Market Size by Country (2026-2031)
10.5 Israel
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Orbital Marine Power
11.1.1 Orbital Marine Power Company Details
11.1.2 Orbital Marine Power Business Overview
11.1.3 Orbital Marine Power Tidal Stream Energy Device Introduction
11.1.4 Orbital Marine Power Revenue in Tidal Stream Energy Device Business (2020-2025)
11.1.5 Orbital Marine Power Recent Development
11.2 HydroQuest
11.2.1 HydroQuest Company Details
11.2.2 HydroQuest Business Overview
11.2.3 HydroQuest Tidal Stream Energy Device Introduction
11.2.4 HydroQuest Revenue in Tidal Stream Energy Device Business (2020-2025)
11.2.5 HydroQuest Recent Development
11.3 Magallanes Renovables
11.3.1 Magallanes Renovables Company Details
11.3.2 Magallanes Renovables Business Overview
11.3.3 Magallanes Renovables Tidal Stream Energy Device Introduction
11.3.4 Magallanes Renovables Revenue in Tidal Stream Energy Device Business (2020-2025)
11.3.5 Magallanes Renovables Recent Development
11.4 Andritz
11.4.1 Andritz Company Details
11.4.2 Andritz Business Overview
11.4.3 Andritz Tidal Stream Energy Device Introduction
11.4.4 Andritz Revenue in Tidal Stream Energy Device Business (2020-2025)
11.4.5 Andritz Recent Development
11.5 Nova Innovation
11.5.1 Nova Innovation Company Details
11.5.2 Nova Innovation Business Overview
11.5.3 Nova Innovation Tidal Stream Energy Device Introduction
11.5.4 Nova Innovation Revenue in Tidal Stream Energy Device Business (2020-2025)
11.5.5 Nova Innovation Recent Development
11.6 Minesto
11.6.1 Minesto Company Details
11.6.2 Minesto Business Overview
11.6.3 Minesto Tidal Stream Energy Device Introduction
11.6.4 Minesto Revenue in Tidal Stream Energy Device Business (2020-2025)
11.6.5 Minesto Recent Development
11.7 SAE Renewables
11.7.1 SAE Renewables Company Details
11.7.2 SAE Renewables Business Overview
11.7.3 SAE Renewables Tidal Stream Energy Device Introduction
11.7.4 SAE Renewables Revenue in Tidal Stream Energy Device Business (2020-2025)
11.7.5 SAE Renewables Recent Development
11.8 Tocardo
11.8.1 Tocardo Company Details
11.8.2 Tocardo Business Overview
11.8.3 Tocardo Tidal Stream Energy Device Introduction
11.8.4 Tocardo Revenue in Tidal Stream Energy Device Business (2020-2025)
11.8.5 Tocardo Recent Development
11.9 ORPC
11.9.1 ORPC Company Details
11.9.2 ORPC Business Overview
11.9.3 ORPC Tidal Stream Energy Device Introduction
11.9.4 ORPC Revenue in Tidal Stream Energy Device Business (2020-2025)
11.9.5 ORPC Recent Development
11.10 Inyanga Marine Energy
11.10.1 Inyanga Marine Energy Company Details
11.10.2 Inyanga Marine Energy Business Overview
11.10.3 Inyanga Marine Energy Tidal Stream Energy Device Introduction
11.10.4 Inyanga Marine Energy Revenue in Tidal Stream Energy Device Business (2020-2025)
11.10.5 Inyanga Marine Energy Recent Development
11.11 Verdant Power
11.11.1 Verdant Power Company Details
11.11.2 Verdant Power Business Overview
11.11.3 Verdant Power Tidal Stream Energy Device Introduction
11.11.4 Verdant Power Revenue in Tidal Stream Energy Device Business (2020-2025)
11.11.5 Verdant Power Recent Development
11.12 EEL Energy
11.12.1 EEL Energy Company Details
11.12.2 EEL Energy Business Overview
11.12.3 EEL Energy Tidal Stream Energy Device Introduction
11.12.4 EEL Energy Revenue in Tidal Stream Energy Device Business (2020-2025)
11.12.5 EEL Energy Recent Development
11.13 MAKO Energy
11.13.1 MAKO Energy Company Details
11.13.2 MAKO Energy Business Overview
11.13.3 MAKO Energy Tidal Stream Energy Device Introduction
11.13.4 MAKO Energy Revenue in Tidal Stream Energy Device Business (2020-2025)
11.13.5 MAKO Energy Recent Development
11.14 LHD New Energy
11.14.1 LHD New Energy Company Details
11.14.2 LHD New Energy Business Overview
11.14.3 LHD New Energy Tidal Stream Energy Device Introduction
11.14.4 LHD New Energy Revenue in Tidal Stream Energy Device Business (2020-2025)
11.14.5 LHD New Energy Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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The global Tidal Stream Energy Device market size was US$ 609 million in 2025 and is forecast to reach a readjusted size of US$ 1927 million by 2032 with a CAGR of 18.2% during the forecast period 2026-2032.
Published: 2026-03-12
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The global Tidal Stream Energy Device market was valued at US$ 609 million in 2025 and is anticipated to reach US$ 1927 million by 2032, at a CAGR of 18.2% from 2026 to 2032.
Published: 2026-03-12
Pages: 120
The global market for Tidal Stream Energy Device was estimated to be worth US$ 609 million in 2025 and is projected to reach US$ 1927 million, growing at a CAGR of 18.2% from 2026 to 2032.
Published: 2026-03-09
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The global Tidal Stream Energy Device market is projected to grow from US$ 515 million in 2024 to US$ 1656 million by 2031, at a CAGR of 18.2% (2025-2031), driven by critical product segments and diverse end‑use applications.
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The global Tidal Stream Energy Device market size was US$ 515 million in 2024 and is forecast to a readjusted size of US$ 1656 million by 2031 with a CAGR of 18.2% during the forecast period 2025-2031.
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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