Industry: Energy & Power
Published Date: 2026-03-12
Pages: 139 Pages
Report ld: 6254886
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Tidal Stream Energy Device Market Size(US$)

CAGR 2026-2032
18.2%
Market Size,2032
USD 1,927
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Tidal Stream Energy Device market is projected to grow from US$ 609 million in 2025 to US$ 1927 million by 2032, at a CAGR of 18.2% (2026-2032), driven by critical product segments and diverse end‑use applications.
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.
From a downstream perspective, Small Pilot Scale Units accounted for % of 2025 revenue, surging to US$ million by 2032 (CAGR: % from 2026–2032).
Tidal Stream Energy Device leading players (including Orbital Marine Power, HydroQuest, Magallanes Renovables, Andritz, Nova Innovation, Minesto, SAE Renewables, Tocardo, ORPC, Inyanga Marine Energy, etc.), dominate supply; the top five capture approximately % of global revenue, with Orbital Marine Power leading 2025 sales at US$ million.
Regional Outlook:
North America rose from US$ million in 2025 to a forecast US$ million by 2032 (CAGR %).
Asia‑Pacific will expand from US$ million to US$ million (CAGR %), led by China (US$ million in 2025, % share rising to % by 2032), Japan (CAGR %), South Korea (CAGR %), and Southeast Asia (CAGR %).
Europe is set to grow from US$ million to US$ million (CAGR %), with Germany projected to hit US$ million by 2032 (CAGR %).
Report Includes:
This definitive report equips business leaders, decision-makers, and stakeholders with a 360° view of the global Tidal Stream Energy Device market across value chain. It analyzes historical revenue data (2021–2025) and delivers forecasts through 2032, illuminating demand trends and growth drivers.
By segmenting the market by Type and by Application, the study quantifies market size, growth rates, niche opportunities, and substitution risks, and analyzes downstream customer distribution pattern.
Granular regional insights cover five major markets (North America, Europe, APAC, South America, and MEA) with in‑depth analysis of 20+ countries, detailing dominant products, competitive landscape, and downstream demand trends.
Critical competitive intelligence profiles players (revenue, margins, pricing strategies, and major customers) and dissects the top-player positioning across product lines, applications, and regions to reveal strategic strengths.
A concise Industry‑chain overview maps upstream, middle stream, and downstream distribution dynamics to identify strategic gaps and unmet demand.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Defines the Tidal Stream Energy Device study scope, segments the market by Type and by Application, etc, highlights segment size and growth potential
Chapter 2: Offers current market state, projects global revenue and sales to 2032, pinpointing high consumption regions and emerging market catalysts
Chapter 3: Dissects the player landscape: ranks by revenue and profitability, details Player performance by product type and evaluates concentration alongside M&A moves
Chapter 4: Unlocks high margin product segments: compares revenue, ASP, and technology differentiators, highlighting growth niches and substitution risks
Chapter 5: Targets downstream market opportunities: evaluates market size by Application, identifies emerging use cases, and profiles leading customers by region and by Application
Chapter 6: North America: breaks down market size by Application and country, profiles key players and assesses growth drivers and barriers
Chapter 7: Europe: analyses regional market by Application and players, flagging drivers and barriers
Chapter 8: Asia Pacific: quantifies market size by Application, and region/country, profiles top players, and uncovers high potential expansion areas
Chapter 9: Central & South America: measures market size by Application, and country, profiles top players, and identifies investment opportunities and challenges
Chapter 10: Middle East and Africa: evaluates market size by Application, and country, profiles key players, and outlines investment prospects and market hurdles
Chapter 11: Profiles players in depth: details product specs, revenue, margins; top-tier players 2025 sales breakdowns by product type, by Application, by region SWOT analysis, and recent strategic developments
Chapter 12: Value chain and ecosystem: analyses upstream, midstream, plus downstream channels
Chapter 13: Market dynamics: explores drivers, restraints, regulatory impacts, and risk mitigation strategies
Chapter 14: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Allocate capital strategically to high growth regions (Chapters 6-10) and margin rich segments (Chapter 5).
Negotiate from strength with suppliers (Chapter 12) and customers (Chapter 5) using cost and demand intelligence.
Outmaneuver competitors with granular insights into their operations, margins, and strategies (Chapters 3 and 11).
Capitalize on the projected billion‑dollar opportunity with data‑driven regional and segment tactics (Chapter 12-14).
Leverage this 360° intelligence to turn market complexity into actionable competitive advantage.
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 Study Coverage
1.1 Introduction to Tidal Stream Energy Device: Definition, Properties, and Key Attributes
1.2 Market Segmentation by Type
1.2.1 Global Tidal Stream Energy Device Market Size by Type, 2021 vs 2025 vs 2032
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 Segmentation by Application
1.3.1 Global Tidal Stream Energy Device Market Size by Application, 2021 vs 2025 vs 2032
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 Executive Summary
2.1 Global Tidal Stream Energy Device Revenue Estimates and Forecasts (2021-2032)
2.2 Global Tidal Stream Energy Device Revenue by Region
2.2.1 Revenue Comparison: 2021 vs 2025 vs 2032
2.2.2 Historical and Forecasted Revenue by Region (2021-2032)
2.2.3 Global Revenue-Based Market Share by Region (2021-2032)
2.2.4 Emerging Market Focus: Growth Drivers & Investment Trends
3 Competitive Landscape
3.1 Global Tidal Stream Energy Device Players’ Revenue Rankings and Profitability
3.1.1 Global Revenue (Value) by Players (2021-2026)
3.1.2 Global Key Players’ Revenue Ranking (2024 vs 2025)
3.1.3 Revenue-Based Tier Segmentation (Tier 1, Tier 2, and Tier 3)
3.1.4 Gross Margin by Top Players (2021 vs 2025)
3.2 Global Tidal Stream Energy Device Companies Headquarters and Service Footprint
3.3 Key Player Market Share by Product Type
3.3.1 Horizontal Axis Turbines: Market Share by Key Players
3.3.2 Vertical Axis Turbines: Market Share by Key Players
3.3.3 Oscillating Hydrofoils: Market Share by Key Players
3.3.4 Venturi Devices: Market Share by Key Players
3.3.5 Archimedes Screws: Market Share by Key Players
3.3.6 Tidal Kites: Market Share by Key Players
3.4 Global Tidal Stream Energy Device Market Concentration and Dynamics
3.4.1 Global Market Concentration
3.4.2 Market Entry and Exit Analysis
3.4.3 Strategic Moves: M&A, Expansion, R&D Investment
4 Product Segmentation
4.1 Global Tidal Stream Energy Device Market by Type
4.1.1 Global Revenue by Type (2021-2032)
4.1.2 Global Revenue-Based Market Share by Type (2021-2032)
4.2 Key Product Attributes and Differentiation
4.3 Subtype Dynamics: Growth Leaders, Profitability and Risk
4.3.1 High-Growth Niches and Adoption Drivers
4.3.2 Profitability Hotspots and Cost Drivers
4.3.3 Substitution Threats
5 Downstream Applications and Customers
5.1 Global Tidal Stream Energy Device Revenue by Application
5.1.1 Global Historical and Forecasted Revenue by Application (2021-2032)
5.1.2 Revenue-Based Market Share by Application (2021-2032)
5.1.3 High-Growth Application Identification
5.1.4 Emerging Application Case Studies
5.2 Downstream Customer Analysis
5.2.1 Top Customers by Region
5.2.2 Top Customers by Application
6 North America
6.1 North America Market Size (2021-2032)
6.2 North America Key Players’ Revenue in 2025
6.3 North America Tidal Stream Energy Device Market Size by Application (2021-2032)
6.4 North America Growth Accelerators and Market Barriers
6.5 North America Tidal Stream Energy Device Market Size by Country
6.5.1 North America Revenue Trends by Country
6.5.2 US
6.5.3 Canada
6.5.4 Mexico
7 Europe
7.1 Europe Market Size (2021-2032)
7.2 Europe Key Players’ Revenue in 2025
7.3 Europe Tidal Stream Energy Device Market Size by Application (2021-2032)
7.4 Europe Growth Accelerators and Market Barriers
7.5 Europe Tidal Stream Energy Device Market Size by Country
7.5.1 Europe Revenue Trends by Country
7.5.2 Germany
7.5.3 France
7.5.4 U.K.
7.5.5 Italy
7.5.6 Russia
8 Asia-Pacific
8.1 Asia-Pacific Market Size (2021-2032)
8.2 Asia-Pacific Key Players’ Revenue in 2025
8.3 Asia-Pacific Tidal Stream Energy Device Market Size by Application (2021-2032)
8.4 Asia-Pacific Growth Accelerators and Market Barriers
8.5 Asia-Pacific Tidal Stream Energy Device Market Size by Region
8.5.1 Asia-Pacific Revenue Trends by Region
8.6 China
8.7 Japan
8.8 South Korea
8.9 Australia
8.10 India
8.11 Southeast Asia
8.11.1 Indonesia
8.11.2 Vietnam
8.11.3 Malaysia
8.11.4 Philippines
8.11.5 Singapore
9 Central and South America
9.1 Central and South America Market Size (2021-2032)
9.2 Central and South America Key Players’ Revenue in 2025
9.3 Central and South America Tidal Stream Energy Device Market Size by Application (2021-2032)
9.4 Central and South America Investment Opportunities and Key Challenges
9.5 Central and South America Tidal Stream Energy Device Market Size by Country
9.5.1 Central and South America Revenue Trends by Country (2021 vs 2025 vs 2032)
9.5.2 Brazil
9.5.3 Argentina
10 Middle East and Africa
10.1 Middle East and Africa Market Size (2021-2032)
10.2 Middle East and Africa Key Players’ Revenue in 2025
10.3 Middle East and Africa Tidal Stream Energy Device Market Size by Application (2021-2032)
10.4 Middle East and Africa Investment Opportunities and Key Challenges
10.5 Middle East and Africa Tidal Stream Energy Device Market Size by Country
10.5.1 Middle East and Africa Revenue Trends by Country (2021 vs 2025 vs 2032)
10.5.2 GCC Countries
10.5.3 Israel
10.5.4 Egypt
10.5.5 South Africa
11 Corporate Profile
11.1 Orbital Marine Power
11.1.1 Orbital Marine Power Corporation Information
11.1.2 Orbital Marine Power Business Overview
11.1.3 Orbital Marine Power Tidal Stream Energy Device Product Features and Attributes
11.1.4 Orbital Marine Power Tidal Stream Energy Device Revenue and Gross Margin (2021-2026)
11.1.5 Orbital Marine Power Tidal Stream Energy Device Revenue by Product in 2025
11.1.6 Orbital Marine Power Tidal Stream Energy Device Revenue by Application in 2025
11.1.7 Orbital Marine Power Tidal Stream Energy Device Revenue by Geographic Area in 2025
11.1.8 Orbital Marine Power Tidal Stream Energy Device SWOT Analysis
11.1.9 Orbital Marine Power Recent Developments
11.2 HydroQuest
11.2.1 HydroQuest Corporation Information
11.2.2 HydroQuest Business Overview
11.2.3 HydroQuest Tidal Stream Energy Device Product Features and Attributes
11.2.4 HydroQuest Tidal Stream Energy Device Revenue and Gross Margin (2021-2026)
11.2.5 HydroQuest Tidal Stream Energy Device Revenue by Product in 2025
11.2.6 HydroQuest Tidal Stream Energy Device Revenue by Application in 2025
11.2.7 HydroQuest Tidal Stream Energy Device Revenue by Geographic Area in 2025
11.2.8 HydroQuest Tidal Stream Energy Device SWOT Analysis
11.2.9 HydroQuest Recent Developments
11.3 Magallanes Renovables
11.3.1 Magallanes Renovables Corporation Information
11.3.2 Magallanes Renovables Business Overview
11.3.3 Magallanes Renovables Tidal Stream Energy Device Product Features and Attributes
11.3.4 Magallanes Renovables Tidal Stream Energy Device Revenue and Gross Margin (2021-2026)
11.3.5 Magallanes Renovables Tidal Stream Energy Device Revenue by Product in 2025
11.3.6 Magallanes Renovables Tidal Stream Energy Device Revenue by Application in 2025
11.3.7 Magallanes Renovables Tidal Stream Energy Device Revenue by Geographic Area in 2025
11.3.8 Magallanes Renovables Tidal Stream Energy Device SWOT Analysis
11.3.9 Magallanes Renovables Recent Developments
11.4 Andritz
11.4.1 Andritz Corporation Information
11.4.2 Andritz Business Overview
11.4.3 Andritz Tidal Stream Energy Device Product Features and Attributes
11.4.4 Andritz Tidal Stream Energy Device Revenue and Gross Margin (2021-2026)
11.4.5 Andritz Tidal Stream Energy Device Revenue by Product in 2025
11.4.6 Andritz Tidal Stream Energy Device Revenue by Application in 2025
11.4.7 Andritz Tidal Stream Energy Device Revenue by Geographic Area in 2025
11.4.8 Andritz Tidal Stream Energy Device SWOT Analysis
11.4.9 Andritz Recent Developments
11.5 Nova Innovation
11.5.1 Nova Innovation Corporation Information
11.5.2 Nova Innovation Business Overview
11.5.3 Nova Innovation Tidal Stream Energy Device Product Features and Attributes
11.5.4 Nova Innovation Tidal Stream Energy Device Revenue and Gross Margin (2021-2026)
11.5.5 Nova Innovation Tidal Stream Energy Device Revenue by Product in 2025
11.5.6 Nova Innovation Tidal Stream Energy Device Revenue by Application in 2025
11.5.7 Nova Innovation Tidal Stream Energy Device Revenue by Geographic Area in 2025
11.5.8 Nova Innovation Tidal Stream Energy Device SWOT Analysis
11.5.9 Nova Innovation Recent Developments
11.6 Minesto
11.6.1 Minesto Corporation Information
11.6.2 Minesto Business Overview
11.6.3 Minesto Tidal Stream Energy Device Product Features and Attributes
11.6.4 Minesto Tidal Stream Energy Device Revenue and Gross Margin (2021-2026)
11.6.5 Minesto Recent Developments
11.7 SAE Renewables
11.7.1 SAE Renewables Corporation Information
11.7.2 SAE Renewables Business Overview
11.7.3 SAE Renewables Tidal Stream Energy Device Product Features and Attributes
11.7.4 SAE Renewables Tidal Stream Energy Device Revenue and Gross Margin (2021-2026)
11.7.5 SAE Renewables Recent Developments
11.8 Tocardo
11.8.1 Tocardo Corporation Information
11.8.2 Tocardo Business Overview
11.8.3 Tocardo Tidal Stream Energy Device Product Features and Attributes
11.8.4 Tocardo Tidal Stream Energy Device Revenue and Gross Margin (2021-2026)
11.8.5 Tocardo Recent Developments
11.9 ORPC
11.9.1 ORPC Corporation Information
11.9.2 ORPC Business Overview
11.9.3 ORPC Tidal Stream Energy Device Product Features and Attributes
11.9.4 ORPC Tidal Stream Energy Device Revenue and Gross Margin (2021-2026)
11.9.5 ORPC Recent Developments
11.10 Inyanga Marine Energy
11.10.1 Inyanga Marine Energy Corporation Information
11.10.2 Inyanga Marine Energy Business Overview
11.10.3 Inyanga Marine Energy Tidal Stream Energy Device Product Features and Attributes
11.10.4 Inyanga Marine Energy Tidal Stream Energy Device Revenue and Gross Margin (2021-2026)
11.10.5 Company Ten Recent Developments
11.11 Verdant Power
11.11.1 Verdant Power Corporation Information
11.11.2 Verdant Power Business Overview
11.11.3 Verdant Power Tidal Stream Energy Device Product Features and Attributes
11.11.4 Verdant Power Tidal Stream Energy Device Revenue and Gross Margin (2021-2026)
11.11.5 Verdant Power Recent Developments
11.12 EEL Energy
11.12.1 EEL Energy Corporation Information
11.12.2 EEL Energy Business Overview
11.12.3 EEL Energy Tidal Stream Energy Device Product Features and Attributes
11.12.4 EEL Energy Tidal Stream Energy Device Revenue and Gross Margin (2021-2026)
11.12.5 EEL Energy Recent Developments
11.13 MAKO Energy
11.13.1 MAKO Energy Corporation Information
11.13.2 MAKO Energy Business Overview
11.13.3 MAKO Energy Tidal Stream Energy Device Product Features and Attributes
11.13.4 MAKO Energy Tidal Stream Energy Device Revenue and Gross Margin (2021-2026)
11.13.5 MAKO Energy Recent Developments
11.14 LHD New Energy
11.14.1 LHD New Energy Corporation Information
11.14.2 LHD New Energy Business Overview
11.14.3 LHD New Energy Tidal Stream Energy Device Product Features and Attributes
11.14.4 LHD New Energy Tidal Stream Energy Device Revenue and Gross Margin (2021-2026)
11.14.5 LHD New Energy Recent Developments
12 Tidal Stream Energy Device Value Chain and Ecosystem Analysis
12.1 Tidal Stream Energy Device Value Chain (Ecosystem Structure)
12.2 Upstream Analysis
12.2.1 Key Technologies, Platforms and Infrastructure
12.3 Midstream Analysis
12.4 Downstream Sales Model and Distribution Networks
12.4.1 Sales Channels
12.4.2 Distributors
13 Tidal Stream Energy Device Market Dynamics
13.1 Industry Trends and Evolution
13.2 Market Growth Drivers and Emerging Opportunities
13.3 Market Challenges, Risks, and Restraints
14 Key Findings in the Global Tidal Stream Energy Device Study
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.1.1 Research Programs/Design
15.1.1.2 Market Size Estimation
15.1.1.3 Market Breakdown and Data Triangulation
15.1.2 Data Source
15.1.2.1 Secondary Sources
15.1.2.2 Primary Sources
15.2 Author Details
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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Published: 2026-03-12
Pages: 99
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
Pages: 118
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.
Published: 2025-08-14
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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.
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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.
Published: 2025-08-14
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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