France Wave and Tidal Energy Market Size, Share, And COVID-19 Impact Analysis, By Type (Wave Energy and Tidal Energy), By Technology (Tidal Stream Generator, and Oscillating Water Columns), and France Wave and Tidal Energy Market Insights, Industry Trend, Forecasts To 2035

France Wave and Tidal Energy Market Insights Forecasts to 2035

• The France Wave and Tidal Energy Market Size is Expected to Grow at a CAGR of around 27.8% from 2025 to 2035
• The France Wave and Tidal Energy Market Size is Expected to Hold a Significant Share by 2035

According to a research report published by Spherical Insights & Consulting, The France Wave and Tidal Energy Market Size is anticipated to hold a significant share by 2035, growing at a CAGR of 27.8% from 2025 to 2035. The France wave and tidal energy market is driven by increasing demand for renewable energy sources, growing environmental concerns, and advancements in technology.

Market Overview:

Wave energy is the method of harnessing and transferring ocean surface wave energy and harnessing it for power generation, desalination, shore protection, and other such applications. The technology employed to harness wave energy converters, which are specially designed to harness power from on-shore, near-shore, or deep-water off-shore sites. Tidal power is an outcome of the interaction between the moon's gravitational pull from the sun and the tides, or the natural rising and falling of sea water. The tides' rise and fall are used to generate electricity and for other purposes. The growing penetration of renewable energy sources and the viable possibility of wave & tidal energy as a source of power are driving it towards commercialization through the process of introducing small arrays, which is driving the growth of the wave and tidal energy market. 

Report Coverage:

This research report categorizes the France wave and tidal energy market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France wave and tidal energy market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France wave and tidal energy market.

Driving Factor

As wave and tidal energy systems become more integrated into conventional electricity grids, the two are more consistent and predictable. Future grid integration technologies can more effectively smooth out the integration of intermittent energy sources like waves and tides into the grid to prevent the problem of intermittency and maintain a consistent supply of power. Storage systems like batteries and pumped hydro enable energy produced by floating and tidal systems during times of high production to be stored. Such stored energy can be supplied during times of low demand or production, and thus, efficiency and reliability for wave and tidal energy systems are boosted.

Restraining Factor

The absence of industrial synergy is bound by supply chains for different planning and technology development factors, and the technical barrier. Apart from the technical barrier, the increased cost of establishing and sustaining the buildings is much more expensive than other sources of renewables, as it takes a lot of effort to run and sustain any facility in the open sea with much constraint over the economics of scale in terms of the current and future cost.

Market Segmentation

The France wave and tidal energy market share is classified into type and technology.

• The wave segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period

The France wave and tidal energy market is segmented by type into wave energy and tidal energy. Among these, the wave segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental expansion can be attributed to the availability of the necessary resources, with coastlines providing consistent and regular wave patterns, making them an ideal choice for energy generation. The wave energy technologies have also proven to be more efficient in terms of generating energy than tidal energy, leading to more electricity produced per unit of installed capacity.

• The tidal stream generator segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period

The France wave and tidal energy market is segmented by technology into tidal stream generators and oscillating water columns. Among these, the tidal stream generator segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental expansion can be attributed to its technological maturity, efficiency, and flexibility across different tidal regimes. TSGs harness the kinetic energy of ocean tides with submerged turbines and possess greater capacity factors and dependability compared to other tidal energy technologies. Tidal stream generators' capacity to harness both the flood tides and ebb tides at different water depths has rendered them an investment option for developers of large-scale projects and investors.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France wave and tidal energy market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Ocean Power Technologies, Inc.
• Carnegie Clean Energy
• ANDRITZ
• Orbital Marine Power
• SIMEC Atlantis Energy Ltd.
• TOCARDO B.V.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the France, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the France wave and tidal energy market based on the below-mentioned segments:

France Wave and Tidal Energy Market, By Type

• Wave Energy
• Tidal Energy

France Wave and Tidal Energy Market, By Technology

• Tidal Stream Generator
• Oscillating Water Columns