
The superconducting magnetic energy storage system is an advanced technology that provides a special method of storing electrical energy. The systems utilize magnetism rather than the chemical processes of ordinary batteries. They work by passing a direct current stream through specially designed coils made of superconductors, a substance that exhibits zero resistance when cooled to extremely low temperatures. This makes it possible to store and retrieve energy almost perfectly while minimizing energy loss. Applications requiring fast response, such as balancing sudden fluctuations in the power system, are the highlight of SMES. They can inject or absorb energy instantaneously, stabilizing the system and avoiding blackouts. Even though these systems are still in the early stages of research, they have the potential to revolutionize the way we store and handle our growing energy needs.
The global Power System Superconducting Magnetic Energy Storage market size is projected to grow from US$ 49.7 million in 2024 to US$ 103 million in 2030; it is expected to grow at a CAGR of 12.9% from 2024 to 2030.
The 鈥淧ower System Superconducting Magnetic Energy Storage Industry Forecast鈥 looks at past sales and reviews total world Power System Superconducting Magnetic Energy Storage sales in 2022, providing a comprehensive analysis by region and market sector of projected Power System Superconducting Magnetic Energy Storage sales for 2023 through 2029. With Power System Superconducting Magnetic Energy Storage sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Power System Superconducting Magnetic Energy Storage industry.
This Insight Report provides a comprehensive analysis of the global Power System Superconducting Magnetic Energy Storage landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Power System Superconducting Magnetic Energy Storage portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥 unique position in an accelerating global Power System Superconducting Magnetic Energy Storage market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power System Superconducting Magnetic Energy Storage and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Power System Superconducting Magnetic Energy Storage.
Here are some key trends and developments in the SMES market:
Technological Advancements: Ongoing research and development efforts are focused on improving the efficiency, scaleability, and cost-effectiveness of SMES systems. This includes the development of higher temperature superconductors that can be cooled more easily and less expensively than conventional superconductors, which require cryogenic temperatures.
Grid Modernization: As the global energy grid becomes more complex and interconnected, the need for efficient and flexible energy storage solutions increases. SMES systems can help balance supply and demand, improve power quality, and provide support for renewable energy integration.
Integration with Renewables: SMES systems can be particularly beneficial for integrating renewable energy sources such as wind and solar, which are variable and intermittent by nature. The ability to store and dispatch energy when it's most needed can help smooth out the energy supply from these sources.
Expansion of Applications: Originally developed for large-scale grid applications, SMES systems are now being explored for use in transportation, such as in maglev trains and electric vehicles, where the high power density and rapid charge/discharge capabilities are advantageous.
Asia, particularly countries like Japan and China, has been at the forefront of SMES technology development and deployment due to their advanced infrastructure and commitment to renewable energy integration. Europe and North America are also active in this space, with a growing number of projects and demonstrations of SMES technology.
This report presents a comprehensive overview, market shares, and growth opportunities of Power System Superconducting Magnetic Energy Storage market by product type, application, key players and key regions and countries.
Segmentation by Type:
Small-scale Superconducting Magnetic Energy Storage (SMES)
Medium-large Superconducting Magnetic Energy Storage (SMES)
Segmentation by Application:
Power System
Industrial
Research Institution
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Segmentation by Type:
Small-scale Superconducting Magnetic Energy Storage (SMES)
Medium-large Superconducting Magnetic Energy Storage (SMES)
Segmentation by Application:
Power System
Industrial
Research Institution
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Sumitomo Electric Industries.
Superconductor Technologies Inc
ABB
American Superconductor Corporation (AMSC)
ASG Superconductors S.p.A.
Bruker Energy & Supercon Technologies
Columbus Superconductors
Fujikura Ltd.
Nexans
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 麻豆原创 Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 麻豆原创 Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 麻豆原创 Estimation Caveats
2 Executive Summary
2.1 World 麻豆原创 Overview
2.1.1 Global Power System Superconducting Magnetic Energy Storage 麻豆原创 Size 2019-2030
2.1.2 Power System Superconducting Magnetic Energy Storage 麻豆原创 Size CAGR by Region (2019 VS 2023 VS 2030)
2.1.3 World Current & Future Analysis for Power System Superconducting Magnetic Energy Storage by Country/Region, 2019, 2023 & 2030
2.2 Power System Superconducting Magnetic Energy Storage Segment by Type
2.2.1 Small-scale Superconducting Magnetic Energy Storage (SMES)
2.2.2 Medium-large Superconducting Magnetic Energy Storage (SMES)
2.3 Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Type
2.3.1 Power System Superconducting Magnetic Energy Storage 麻豆原创 Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Power System Superconducting Magnetic Energy Storage 麻豆原创 Size 麻豆原创 Share by Type (2019-2024)
2.4 Power System Superconducting Magnetic Energy Storage Segment by Application
2.4.1 Power System
2.4.2 Industrial
2.4.3 Research Institution
2.4.4 Others
2.5 Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Application
2.5.1 Power System Superconducting Magnetic Energy Storage 麻豆原创 Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Power System Superconducting Magnetic Energy Storage 麻豆原创 Size 麻豆原创 Share by Application (2019-2024)
3 Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Player
3.1 Power System Superconducting Magnetic Energy Storage 麻豆原创 Size 麻豆原创 Share by Player
3.1.1 Global Power System Superconducting Magnetic Energy Storage Revenue by Player (2019-2024)
3.1.2 Global Power System Superconducting Magnetic Energy Storage Revenue 麻豆原创 Share by Player (2019-2024)
3.2 Global Power System Superconducting Magnetic Energy Storage Key Players Head office and Products Offered
3.3 麻豆原创 Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Power System Superconducting Magnetic Energy Storage by Region
4.1 Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Region (2019-2024)
4.2 Global Power System Superconducting Magnetic Energy Storage Annual Revenue by Country/Region (2019-2024)
4.3 Americas Power System Superconducting Magnetic Energy Storage 麻豆原创 Size Growth (2019-2024)
4.4 APAC Power System Superconducting Magnetic Energy Storage 麻豆原创 Size Growth (2019-2024)
4.5 Europe Power System Superconducting Magnetic Energy Storage 麻豆原创 Size Growth (2019-2024)
4.6 Middle East & Africa Power System Superconducting Magnetic Energy Storage 麻豆原创 Size Growth (2019-2024)
5 Americas
5.1 Americas Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Country (2019-2024)
5.2 Americas Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Type (2019-2024)
5.3 Americas Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Region (2019-2024)
6.2 APAC Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Type (2019-2024)
6.3 APAC Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Country (2019-2024)
7.2 Europe Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Type (2019-2024)
7.3 Europe Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Power System Superconducting Magnetic Energy Storage by Region (2019-2024)
8.2 Middle East & Africa Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Type (2019-2024)
8.3 Middle East & Africa Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 麻豆原创 Drivers, Challenges and Trends
9.1 麻豆原创 Drivers & Growth Opportunities
9.2 麻豆原创 Challenges & Risks
9.3 Industry Trends
10 Global Power System Superconducting Magnetic Energy Storage 麻豆原创 Forecast
10.1 Global Power System Superconducting Magnetic Energy Storage Forecast by Region (2025-2030)
10.1.1 Global Power System Superconducting Magnetic Energy Storage Forecast by Region (2025-2030)
10.1.2 Americas Power System Superconducting Magnetic Energy Storage Forecast
10.1.3 APAC Power System Superconducting Magnetic Energy Storage Forecast
10.1.4 Europe Power System Superconducting Magnetic Energy Storage Forecast
10.1.5 Middle East & Africa Power System Superconducting Magnetic Energy Storage Forecast
10.2 Americas Power System Superconducting Magnetic Energy Storage Forecast by Country (2025-2030)
10.2.1 United States 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.2.2 Canada 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.2.3 Mexico 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.2.4 Brazil 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.3 APAC Power System Superconducting Magnetic Energy Storage Forecast by Region (2025-2030)
10.3.1 China Power System Superconducting Magnetic Energy Storage 麻豆原创 Forecast
10.3.2 Japan 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.3.3 Korea 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.3.4 Southeast Asia 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.3.5 India 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.3.6 Australia 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.4 Europe Power System Superconducting Magnetic Energy Storage Forecast by Country (2025-2030)
10.4.1 Germany 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.4.2 France 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.4.3 UK 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.4.4 Italy 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.4.5 Russia 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.5 Middle East & Africa Power System Superconducting Magnetic Energy Storage Forecast by Region (2025-2030)
10.5.1 Egypt 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.5.2 South Africa 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.5.3 Israel 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.5.4 Turkey 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
10.6 Global Power System Superconducting Magnetic Energy Storage Forecast by Type (2025-2030)
10.7 Global Power System Superconducting Magnetic Energy Storage Forecast by Application (2025-2030)
10.7.1 GCC Countries 麻豆原创 Power System Superconducting Magnetic Energy Storage Forecast
11 Key Players Analysis
11.1 Sumitomo Electric Industries.
11.1.1 Sumitomo Electric Industries. Company Information
11.1.2 Sumitomo Electric Industries. Power System Superconducting Magnetic Energy Storage Product Offered
11.1.3 Sumitomo Electric Industries. Power System Superconducting Magnetic Energy Storage Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.1.4 Sumitomo Electric Industries. Main Business Overview
11.1.5 Sumitomo Electric Industries. Latest Developments
11.2 Superconductor Technologies Inc
11.2.1 Superconductor Technologies Inc Company Information
11.2.2 Superconductor Technologies Inc Power System Superconducting Magnetic Energy Storage Product Offered
11.2.3 Superconductor Technologies Inc Power System Superconducting Magnetic Energy Storage Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.2.4 Superconductor Technologies Inc Main Business Overview
11.2.5 Superconductor Technologies Inc Latest Developments
11.3 ABB
11.3.1 ABB Company Information
11.3.2 ABB Power System Superconducting Magnetic Energy Storage Product Offered
11.3.3 ABB Power System Superconducting Magnetic Energy Storage Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.3.4 ABB Main Business Overview
11.3.5 ABB Latest Developments
11.4 American Superconductor Corporation (AMSC)
11.4.1 American Superconductor Corporation (AMSC) Company Information
11.4.2 American Superconductor Corporation (AMSC) Power System Superconducting Magnetic Energy Storage Product Offered
11.4.3 American Superconductor Corporation (AMSC) Power System Superconducting Magnetic Energy Storage Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.4.4 American Superconductor Corporation (AMSC) Main Business Overview
11.4.5 American Superconductor Corporation (AMSC) Latest Developments
11.5 ASG Superconductors S.p.A.
11.5.1 ASG Superconductors S.p.A. Company Information
11.5.2 ASG Superconductors S.p.A. Power System Superconducting Magnetic Energy Storage Product Offered
11.5.3 ASG Superconductors S.p.A. Power System Superconducting Magnetic Energy Storage Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.5.4 ASG Superconductors S.p.A. Main Business Overview
11.5.5 ASG Superconductors S.p.A. Latest Developments
11.6 Bruker Energy & Supercon Technologies
11.6.1 Bruker Energy & Supercon Technologies Company Information
11.6.2 Bruker Energy & Supercon Technologies Power System Superconducting Magnetic Energy Storage Product Offered
11.6.3 Bruker Energy & Supercon Technologies Power System Superconducting Magnetic Energy Storage Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.6.4 Bruker Energy & Supercon Technologies Main Business Overview
11.6.5 Bruker Energy & Supercon Technologies Latest Developments
11.7 Columbus Superconductors
11.7.1 Columbus Superconductors Company Information
11.7.2 Columbus Superconductors Power System Superconducting Magnetic Energy Storage Product Offered
11.7.3 Columbus Superconductors Power System Superconducting Magnetic Energy Storage Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.7.4 Columbus Superconductors Main Business Overview
11.7.5 Columbus Superconductors Latest Developments
11.8 Fujikura Ltd.
11.8.1 Fujikura Ltd. Company Information
11.8.2 Fujikura Ltd. Power System Superconducting Magnetic Energy Storage Product Offered
11.8.3 Fujikura Ltd. Power System Superconducting Magnetic Energy Storage Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.8.4 Fujikura Ltd. Main Business Overview
11.8.5 Fujikura Ltd. Latest Developments
11.9 Nexans
11.9.1 Nexans Company Information
11.9.2 Nexans Power System Superconducting Magnetic Energy Storage Product Offered
11.9.3 Nexans Power System Superconducting Magnetic Energy Storage Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.9.4 Nexans Main Business Overview
11.9.5 Nexans Latest Developments
12 Research Findings and Conclusion
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*If Applicable.
