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France Tidal Power Market Size (2024 - 2029)

The France Tidal Power Market is anticipated to experience growth over the forecast period, driven by increased investments and upcoming projects in the tidal energy sector. However, the expansion of the market is challenged by the rising adoption of alternative clean power sources. Despite these challenges, advancements in technology and research related to floating tidal power platforms present significant opportunities for the market's development.

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Market Size of France Tidal Power Industry

France Tidal Power Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 4.54 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

France Tidal Power Market Analysis

The France Tidal Power Market size is expected to grow from 242.56 megawatt in 2023 to 302.85 meawatt by 2028, at a CAGR of 4.54% during the forecast period (2023-2028).

  • Over the long term, factors such as increasing investments in the tidal energy sector and upcoming projects are expected to drive the market in the forecast period.
  • Conversely, the increasing adoption of alternative clean power sources hinders the country's Tidal Power Market growth.
  • Nevertheless, growing technological advancements and research capabilities across the country related to floating tidal power platform is expected to be a significant opportunity for the France tidal power market in the forecast period.

France Tidal Power Industry Segmentation

Tidal energy is a form of power produced by the rise and fall of tides caused by the gravitational interaction between the Earth, the sun, and the moon. Tidal currents with sufficient energy for harvesting occur when water passes through a constriction, causing the water to move faster. The France Tidal Power Market is segmented by Power Generation Method and Tidal Energy Convertors. By Power Generation Method, the market is segmented by floating Tidal Power Platform, Tidal Stream Generation, and Dynamic Tidal Power. Tidal Energy converters segment the market into Horizontal Axis turbines, Vertical Axis turbines, and Other Tidal Energy Convertors. The report also covers the market size and forecasts for the France Tidal Power Market. The market sizing and forecasts for each segment are mentioned based on installed capacity (MW).

Power Generation Method
Tidal Barrage
Floating Tidal Power Platform
Tidal Stream Generation
Dynamic Tidal Power
Tidal Energy Converters
Horizontal Axis Turbine
Vertical Axis Turbine
Other Tidal Energy Converters
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France Tidal Power Market Size Summary

The France Tidal Power Market is poised for growth, driven by increasing investments and the development of new projects in the tidal energy sector. Despite the challenges posed by the adoption of alternative clean energy sources, technological advancements in floating tidal power platforms present significant opportunities for market expansion. The horizontal axis tidal turbines, known for their cost-effectiveness and reliability, are expected to dominate the market. Recent developments, such as Sabella's certification and deployment of tidal turbines, underscore the country's commitment to advancing its tidal power capabilities. France's strategic geographical location, particularly areas like Raz Blanchard, offers substantial potential for tidal energy deployment, further bolstered by favorable government policies and financial incentives.

The market landscape in France is moderately fragmented, with key players like Sabella SAS, SIMEC Atlantis Energy Ltd, and Hydroquest SAS actively contributing to the sector's growth. The country's marine energy capacity has been steadily increasing, supported by initiatives like the TIGER project and the installation of tidal turbine demonstrators. France's Multiannual Energy Plan aims to significantly enhance tidal stream energy capacity by 2030, with a long-term target set for 2050. These efforts, combined with the country's robust test sites and strategic investments, are expected to position France as a leading player in the tidal power industry, fostering job creation and industrial competitiveness in the region.

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France Tidal Power Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Tidal Power Installed Capacity and Forecast in MW, till 2028

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

        1. 1.5.1.1 Increasing Investments in the Tidal Energy Sector and Upcoming Projects

      2. 1.5.2 Restraints

        1. 1.5.2.1 Increasing Adoption of Alternative Clean Power Source

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Power Generation Method

      1. 2.1.1 Tidal Barrage

      2. 2.1.2 Floating Tidal Power Platform

      3. 2.1.3 Tidal Stream Generation

      4. 2.1.4 Dynamic Tidal Power

    2. 2.2 Tidal Energy Converters

      1. 2.2.1 Horizontal Axis Turbine

      2. 2.2.2 Vertical Axis Turbine

      3. 2.2.3 Other Tidal Energy Converters

France Tidal Power Market Size FAQs

The France Tidal Power Market is projected to register a CAGR of 4.54% during the forecast period (2024-2029)

Sabella SAS, SIMEC Atlantis Energy Ltd, Hydroquest SAS, Guinard Energies Nouvelles and EEL Energy are the major companies operating in the France Tidal Power Market.

France Tidal Power Market Report Snapshots

France Tidal Power Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)