Tidal Power Market Primed to Lead with Floating Tidal Power Platforms
Low Environmental Impact and Government Support and Incentives are major factor attributable to the growth of the market . According to TechSci Research report, “ Global Tidal Power Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028” . The Global Tidal Power is anticipated to project robust growth in the forecast period with a CAGR of 9.02% through 2028, The market is likely to grow in the future due to the global energy transition toward renewables and the rollout of new technologies in many developed countries. Based on Power Generation Method, Floating Tidal Power Platform segment is expected to dominate the market during the forecast period. Tidal energy uses tidal currents consistent in volume and direction throughout the year, making it an incredibly efficient renewable energy source with a high power output. The tidal power market recently witnessed increased floating power production system deployments. In the system, the turb...