Superconducting Magnetic Energy Storage (SMES) Systems Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Category : Energy and Power | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC818

Introduction

Superconducting Magnetic Energy Storage (SMES) systems stock energy in magnetic field generated by the stream of direct current in superconducting coil that has cryogenically cooled to particular temperature beneath its superconducting critical temperature. A typical SMES system includes three parts such as cryogenically cooled refrigerator, power conditioning system and superconducting coil. Once the superconducting coil is charged, the current will not fall off and magnetic energy can be stowed.

Market Dynamics

Growing demand for eco-friendly and green storage solutions owing to increasing concerns about climatic changes is driving the demand for SMES systems. However, key participants in the market are endangered by the existence of substitutes such as compressed air energy storage. Also, the high cost of SMES systems is also hindering their pervasive adoption. For energy generation, consumption of renewable sources is at high rate combined with exhausting fossil fuels is anticipated to provide favorable growth opportunities for the market growth.

Market Classification

The market can be bifurcated on the basis of product type, application and geography. By product type, superconducting magnetic energy storage systems market can be segmented into low temperature SMES and high temperature SMES. By application, superconducting magnetic energy storage systems market can be segmented into power system, industrial use, research institution and others. On the basis of geography, the superconducting magnetic energy storage systems market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market

Superconducting Magnetic Energy Storage (SMES) Systems Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Product Type, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis,

Competitive Analysis, Player Profiling, Value Chain Analysis

 

Market Participants

Some of the major players involved in superconducting magnetic energy storage systems market include Hyper Tech Research, Sumitomo Electric Industries, Ltd., Southwire Company, ASG Superconductors SpA, SuNam Co., Ltd., General Cable Superconductors Ltd., Superconductor Technologies Inc. and Nexans SA among others.

Market Segmentation

Market By Product Type

  • Low Temperature SMES
  • High Temperature SMES

Market By Application

  • Power System
  • Industrial Use
  • Research Institution
  • Others

Market By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of LATAM
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

 


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