Focus on renewable sources of energy to curb pollution is giving rise to the market for wave and tidal energy. Market Research Future (MRFR) has published a research report about the global wave and tidal energy market that observes growth for this market at 17.84% CAGR during the forecast period that would end in 2023. By value, the market has been figured to be worth the US $ 15,291.2 mn by the end of the forecast period.
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Market report on global wave & tidal energy market by MRFR outlines that the market is set to portray its potential earnings worth USD 15,291.2 Million, having an expansion of its size at a CAGR of 17.84%. This growth graph is anticipated to go upwards by the year 2023. Carbon emission level has reached an alarming point globally, and with this concern, it has evolved with the development of many renewable energy sources, one of which is a wave and tidal energy.
Carbon emission level has reached an alarming point globally, and with this concern, it has evolved with the development of many renewable energy sources, one of which is a wave and tidal energy. The global wave & tidal energy market is currently fragmented at large portions, observes Market Research Future.