Superconducting Magnetic Energy Storage (SMES) systems store energy in the magnetic field created by the flow of direct current in a superconducting coil which has been cryogenically cooled to a temperature below its superconducting critical temperature.
The rising concerns regarding climate change are creating a burgeoning demand for green and eco-friendly storage solutions, which in turn is fuelling the demand for SMES systems. In addition, the increasing consumption of renewable sources for energy generation coupled with the depleting fossil fuels is working in favor of the growth of the market. The growing adoption of distributed energy solutions is also providing a fillip to the market.
Moreover, the burgeoning demand for advanced and cost-effective energy storage technologies for on-grid and off-grid applications and in the utility industry is augmenting
The report offers detailed coverage of Superconducting Magnetic Energy Storage (SMES) industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Superconducting Magnetic Energy Storage (SMES) by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Superconducting Magnetic Energy Storage (SMES) market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2020-2025.
First, this report covers the present status and the future prospects of the global Superconducting Magnetic Energy Storage (SMES) market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Super Power
Hyper Tech Research
Southwire Company
Luvata
Superconductor Technologies
By the product type, the market is primarily split into
Low Temperature SMES
High Temperature SMES
By the end users/application, this report covers the following segments
Power System
Industrial Use
Research Institution
Others
At the same time, we classify Superconducting Magnetic Energy Storage (SMES) according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Superconducting Magnetic Energy Storage (SMES) market for the forecast period 2020 - 2025?
• What are the driving forces in the Superconducting Magnetic Energy Storage (SMES) market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Superconducting Magnetic Energy Storage (SMES) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?