Superconducting Magnetic Energy Storage (SMES) Systems

Global Market Trajectory & Analytics

MCP-7857

EXECUTIVE ENGAGEMENTS

OUTREACH

412
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

82
Interactions with Platform & by Email

PARTICIPANTS

16
Unique # Participated

VALIDATIONS

7
Responses Validated*

COMPETITORS

22
Responses Validated*
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DATE

APR 2021

TABLES

66

PAGES

118

EDITION

20

PRICE

USD $5450


  

HIGHLIGHTS

Amid the COVID-19 crisis, the global market for Superconducting Magnetic Energy Storage (SMES) Systems estimated at US$44.6 Billion in the year 2020, is projected to reach a revised size of US$81.3 Billion by 2027, growing at a CAGR of 9% over the period 2020-2027.
The Superconducting Magnetic Energy Storage (SMES) Systems market in the U.S. is estimated at US$12.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$17 Billion by the year 2027 trailing a CAGR of 11.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 7.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7% CAGR.

SELECT PLAYERS

ABB Inc.; American Superconductor Corporation; ASG Superconductors SpA; Babcock Noell GmbH; Beijing Innopower Superconductor Cable Co. Ltd; Bruker Energy & Supercon Technologies; Fujikura Ltd.; Hyper Tech Research Inc.; Luvata U.K. Ltd; Nexans SA; Southwire Company LLC; Sumitomo Electric Industries Ltd; SuNam Co. Ltd.; Superconductor Technologies Inc.; SuperPower Inc.

SEGMENTS

» Segment (Superconducting Magnetic Energy Storage (SMES) Systems)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Why Energy Storage?
Recent Market Activity
SMES: A Promising Energy Storage Technology
Asia-Pacific Spearheads Growth in the Global SMES Systems Market
How Significant is SMES for Power Utilities?
Effect of Energy Storage System Integration in Power Grid at Different Levels
Focus on Green Energy Storage Bodes Well for SMES Systems
Development of Superconducting Materials: Essential for Market's Progress
R&D Efforts Focused on Addressing Cost Issues & Storage Capacity in SMES Systems
Rapid Charging & Discharging and Minimal Energy Losses: Major Advantages
Growing Need to Develop SMES Systems with Larger Power Storage Capacities
Growing Deployment of Smart Grids - An Opportunity for SMES Systems Market
High Cost: A Major Obstacle to Adoption in Large-Scale Applications
Challenges Faced in Deployment of SMES Systems
Competitive Landscape
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
ABB, Inc. (USA)
American Superconductor Corporation (USA)
ASG Superconductors SpA (Italy)
Columbus Superconductors SpA (Italy)
Babcock Noell GmbH (Germany)
Beijing Innopower Superconductor Cable Co., Ltd (China)
Bruker Energy & Supercon Technologies (USA)
Fujikura Ltd. (Japan)
Hyper Tech Research, Inc. (USA)
Luvata U.K. Ltd (UK)
Nexans SA (France)
Southwire Company, LLC (USA)
Sumitomo Electric Industries, Ltd (Japan)
Superconductor Technologies, Inc. (USA)
SuperPower, Inc. (USA)
SuNam Co., Ltd. (South Korea)
3. MARKET TRENDS & DRIVERS
Focus on Sustainable Power Sourcing Enhances Significance of Energy Storage
Why Energy Storage Can Be a Game Changer for Renewable Energy?
Focus on Energy Efficiency to Drive Prospects for Energy Storage
Rising Renewable Energy Consumption to Drive Energy Storage Market
Assessing the Significance of Storage Technologies in Distributed Generation
The Business Case for Installing Energy Storage Systems in DERs
Microgrids - Driving Energy Storage in the Future
New Projects & Government Mandates to Stimulate Energy Storage Market
Incentives & Standards: Key to Promoting Energy Storage Technologies
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2020 & 2027
UNITED STATES
USA Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
CANADA
Canada Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
JAPAN
Japan Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
CHINA
China Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
EUROPE
Europe Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Europe Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2020 & 2027
FRANCE
France Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
GERMANY
Germany Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
ITALY
Italy Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
UNITED KINGDOM
UK Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
SPAIN
Spain Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Spain Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
RUSSIA
Russia Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Russia Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
REST OF EUROPE
Rest of Europe Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
ASIA-PACIFIC
Asia-Pacific Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Asia-Pacific Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Asia-Pacific 15-Year Perspective for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2012, 2020 & 2027
AUSTRALIA
Australia Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Australia Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
INDIA
India Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
India Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
SOUTH KOREA
South Korea Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
South Korea Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
REST OF ASIA-PACIFIC
Rest of Asia-Pacific Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Asia-Pacific Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
LATIN AMERICA
Latin America Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Latin America Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Latin America 15-Year Perspective for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2012, 2020 & 2027
ARGENTINA
Argentina Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Argentina Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
BRAZIL
Brazil Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Brazil Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
MEXICO
Mexico Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Mexico Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
REST OF LATIN AMERICA
Rest of Latin America Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Latin America Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
MIDDLE EAST
Middle East Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Middle East Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Middle East 15-Year Perspective for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2012, 2020 & 2027
IRAN
Iran Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Iran Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
ISRAEL
Israel Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Israel Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
SAUDI ARABIA
Saudi Arabia Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Saudi Arabia Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
UNITED ARAB EMIRATES
UAE Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UAE Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
REST OF MIDDLE EAST
Rest of Middle East Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Middle East Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
AFRICA
Africa Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Africa Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Segment - Superconducting Magnetic Energy Storage (SMES) Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Total Companies Profiled: 22

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