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.
This report aims to provide a comprehensive presentation of the global market for Superconducting Magnetic Energy Storage (SMES), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Superconducting Magnetic Energy Storage (SMES). This report contains market size and forecasts of Superconducting Magnetic Energy Storage (SMES) in global, including the following market information:
- Global Superconducting Magnetic Energy Storage (SMES) Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Superconducting Magnetic Energy Storage (SMES) Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Superconducting Magnetic Energy Storage (SMES) companies in 2022 (%)
The global Superconducting Magnetic Energy Storage (SMES) market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Superconducting Magnetic Energy Storage (SMES) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Superconducting Magnetic Energy Storage (SMES) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Superconducting Magnetic Energy Storage (SMES) Market Segment Percentages, by Type, 2022 (%)
- Low Temperature SMES
- High Temperature SMES
Global Superconducting Magnetic Energy Storage (SMES) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Superconducting Magnetic Energy Storage (SMES) Market Segment Percentages, by Application, 2022 (%)
- Power System
- Industrial Use
- Research Institution
- Others
Global Superconducting Magnetic Energy Storage (SMES) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Superconducting Magnetic Energy Storage (SMES) Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Superconducting Magnetic Energy Storage (SMES) revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Superconducting Magnetic Energy Storage (SMES) revenues share in global market, 2022 (%)
- Key companies Superconducting Magnetic Energy Storage (SMES) sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Superconducting Magnetic Energy Storage (SMES) sales share in global market, 2022 (%)
key players include:
- Super Power
- Hyper Tech Research
- Southwire Company
- Luvata
- Superconductor Technologies
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Superconducting Magnetic Energy Storage (SMES), market overview.
- Chapter 2: Global Superconducting Magnetic Energy Storage (SMES) market size in revenue and volume.
- Chapter 3: Detailed analysis of Superconducting Magnetic Energy Storage (SMES) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Superconducting Magnetic Energy Storage (SMES) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Superconducting Magnetic Energy Storage (SMES) capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
