The universal Superconducting Magnetic Energy Storage (SMES) Systems market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
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. A typical SMES system includes three parts: superconducting coil, power conditioning system and cryogenically cooled refrigerator. Once the superconducting coil is charged, the current will not decay and the magnetic energy can be stored indefinitely
In the global Superconducting Magnetic Energy Storage (SMES) Systems market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
In market segmentation by manufacturers, the report covers the following companies-
American Superconductor Corporation
Super Power Inc
Bruker Energy & Supercon Technologies
Fujikura
Hyper Tech Research
Southwire Company
Sumitomo Electric Industries, Ltd
General Cable Superconductors Ltd.
Nexans SA
ASG Superconductors SpA
Luvata U.K.
SuNam Co., Ltd.
Superconductor Technologies Inc
In market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In market segmentation by types :
Low Temperature SMES
High Temperature SMES
In market segmentation by applications :
Power System
Industrial Use
Research Institution
Others
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) Systems market for the forecast period 2020 - 2025?
• What are the driving forces in the Superconducting Magnetic Energy Storage (SMES) Systems 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) Systems 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?