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 was valued at US$ 45.3 million in 2023 and is anticipated to reach US$ 102 million by 2030, witnessing a CAGR of 12.4% during the forecast period 2024-2030.
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 aims to provide a comprehensive presentation of the global market for Power System Superconducting Magnetic Energy Storage, 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 Power System Superconducting Magnetic Energy Storage.
The Power System Superconducting Magnetic Energy Storage market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Power System Superconducting Magnetic Energy Storage market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Power System Superconducting Magnetic Energy Storage companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
麻豆原创 Segmentation
By Company
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
Segment by Type
Small-scale Superconducting Magnetic Energy Storage (SMES)
Medium-large Superconducting Magnetic Energy Storage (SMES)
Segment by Application
Power System
Industrial
Research Institution
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Power System Superconducting Magnetic Energy Storage company competitive landscape, 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 麻豆原创 Analysis by Type
1.2.1 Global Power System Superconducting Magnetic Energy Storage 麻豆原创 Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Small-scale Superconducting Magnetic Energy Storage (SMES)
1.2.3 Medium-large Superconducting Magnetic Energy Storage (SMES)
1.3 麻豆原创 by Application
1.3.1 Global Power System Superconducting Magnetic Energy Storage 麻豆原创 Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Power System
1.3.3 Industrial
1.3.4 Research Institution
1.3.5 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Power System Superconducting Magnetic Energy Storage 麻豆原创 Perspective (2019-2030)
2.2 Global Power System Superconducting Magnetic Energy Storage Growth Trends by Region
2.2.1 Global Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Region: 2019 VS 2023 VS 2030
2.2.2 Power System Superconducting Magnetic Energy Storage Historic 麻豆原创 Size by Region (2019-2024)
2.2.3 Power System Superconducting Magnetic Energy Storage Forecasted 麻豆原创 Size by Region (2025-2030)
2.3 Power System Superconducting Magnetic Energy Storage 麻豆原创 Dynamics
2.3.1 Power System Superconducting Magnetic Energy Storage Industry Trends
2.3.2 Power System Superconducting Magnetic Energy Storage 麻豆原创 Drivers
2.3.3 Power System Superconducting Magnetic Energy Storage 麻豆原创 Challenges
2.3.4 Power System Superconducting Magnetic Energy Storage 麻豆原创 Restraints
3 Competition Landscape by Key Players
3.1 Global Top Power System Superconducting Magnetic Energy Storage Players by Revenue
3.1.1 Global Top Power System Superconducting Magnetic Energy Storage Players by Revenue (2019-2024)
3.1.2 Global Power System Superconducting Magnetic Energy Storage Revenue 麻豆原创 Share by Players (2019-2024)
3.2 Global Power System Superconducting Magnetic Energy Storage 麻豆原创 Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Power System Superconducting Magnetic Energy Storage Revenue
3.4 Global Power System Superconducting Magnetic Energy Storage 麻豆原创 Concentration Ratio
3.4.1 Global Power System Superconducting Magnetic Energy Storage 麻豆原创 Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Power System Superconducting Magnetic Energy Storage Revenue in 2023
3.5 Global Key Players of Power System Superconducting Magnetic Energy Storage Head office and Area Served
3.6 Global Key Players of Power System Superconducting Magnetic Energy Storage, Product and Application
3.7 Global Key Players of Power System Superconducting Magnetic Energy Storage, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Power System Superconducting Magnetic Energy Storage Breakdown Data by Type
4.1 Global Power System Superconducting Magnetic Energy Storage Historic 麻豆原创 Size by Type (2019-2024)
4.2 Global Power System Superconducting Magnetic Energy Storage Forecasted 麻豆原创 Size by Type (2025-2030)
5 Power System Superconducting Magnetic Energy Storage Breakdown Data by Application
5.1 Global Power System Superconducting Magnetic Energy Storage Historic 麻豆原创 Size by Application (2019-2024)
5.2 Global Power System Superconducting Magnetic Energy Storage Forecasted 麻豆原创 Size by Application (2025-2030)
6 North America
6.1 North America Power System Superconducting Magnetic Energy Storage 麻豆原创 Size (2019-2030)
6.2 North America Power System Superconducting Magnetic Energy Storage 麻豆原创 Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Country (2019-2024)
6.4 North America Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Power System Superconducting Magnetic Energy Storage 麻豆原创 Size (2019-2030)
7.2 Europe Power System Superconducting Magnetic Energy Storage 麻豆原创 Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Country (2019-2024)
7.4 Europe Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Power System Superconducting Magnetic Energy Storage 麻豆原创 Size (2019-2030)
8.2 Asia-Pacific Power System Superconducting Magnetic Energy Storage 麻豆原创 Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Region (2019-2024)
8.4 Asia-Pacific Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Power System Superconducting Magnetic Energy Storage 麻豆原创 Size (2019-2030)
9.2 Latin America Power System Superconducting Magnetic Energy Storage 麻豆原创 Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Country (2019-2024)
9.4 Latin America Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Power System Superconducting Magnetic Energy Storage 麻豆原创 Size (2019-2030)
10.2 Middle East & Africa Power System Superconducting Magnetic Energy Storage 麻豆原创 Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Country (2019-2024)
10.4 Middle East & Africa Power System Superconducting Magnetic Energy Storage 麻豆原创 Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Sumitomo Electric Industries.
11.1.1 Sumitomo Electric Industries. Company Details
11.1.2 Sumitomo Electric Industries. Business Overview
11.1.3 Sumitomo Electric Industries. Power System Superconducting Magnetic Energy Storage Introduction
11.1.4 Sumitomo Electric Industries. Revenue in Power System Superconducting Magnetic Energy Storage Business (2019-2024)
11.1.5 Sumitomo Electric Industries. Recent Development
11.2 Superconductor Technologies Inc
11.2.1 Superconductor Technologies Inc Company Details
11.2.2 Superconductor Technologies Inc Business Overview
11.2.3 Superconductor Technologies Inc Power System Superconducting Magnetic Energy Storage Introduction
11.2.4 Superconductor Technologies Inc Revenue in Power System Superconducting Magnetic Energy Storage Business (2019-2024)
11.2.5 Superconductor Technologies Inc Recent Development
11.3 ABB
11.3.1 ABB Company Details
11.3.2 ABB Business Overview
11.3.3 ABB Power System Superconducting Magnetic Energy Storage Introduction
11.3.4 ABB Revenue in Power System Superconducting Magnetic Energy Storage Business (2019-2024)
11.3.5 ABB Recent Development
11.4 American Superconductor Corporation (AMSC)
11.4.1 American Superconductor Corporation (AMSC) Company Details
11.4.2 American Superconductor Corporation (AMSC) Business Overview
11.4.3 American Superconductor Corporation (AMSC) Power System Superconducting Magnetic Energy Storage Introduction
11.4.4 American Superconductor Corporation (AMSC) Revenue in Power System Superconducting Magnetic Energy Storage Business (2019-2024)
11.4.5 American Superconductor Corporation (AMSC) Recent Development
11.5 ASG Superconductors S.p.A.
11.5.1 ASG Superconductors S.p.A. Company Details
11.5.2 ASG Superconductors S.p.A. Business Overview
11.5.3 ASG Superconductors S.p.A. Power System Superconducting Magnetic Energy Storage Introduction
11.5.4 ASG Superconductors S.p.A. Revenue in Power System Superconducting Magnetic Energy Storage Business (2019-2024)
11.5.5 ASG Superconductors S.p.A. Recent Development
11.6 Bruker Energy & Supercon Technologies
11.6.1 Bruker Energy & Supercon Technologies Company Details
11.6.2 Bruker Energy & Supercon Technologies Business Overview
11.6.3 Bruker Energy & Supercon Technologies Power System Superconducting Magnetic Energy Storage Introduction
11.6.4 Bruker Energy & Supercon Technologies Revenue in Power System Superconducting Magnetic Energy Storage Business (2019-2024)
11.6.5 Bruker Energy & Supercon Technologies Recent Development
11.7 Columbus Superconductors
11.7.1 Columbus Superconductors Company Details
11.7.2 Columbus Superconductors Business Overview
11.7.3 Columbus Superconductors Power System Superconducting Magnetic Energy Storage Introduction
11.7.4 Columbus Superconductors Revenue in Power System Superconducting Magnetic Energy Storage Business (2019-2024)
11.7.5 Columbus Superconductors Recent Development
11.8 Fujikura Ltd.
11.8.1 Fujikura Ltd. Company Details
11.8.2 Fujikura Ltd. Business Overview
11.8.3 Fujikura Ltd. Power System Superconducting Magnetic Energy Storage Introduction
11.8.4 Fujikura Ltd. Revenue in Power System Superconducting Magnetic Energy Storage Business (2019-2024)
11.8.5 Fujikura Ltd. Recent Development
11.9 Nexans
11.9.1 Nexans Company Details
11.9.2 Nexans Business Overview
11.9.3 Nexans Power System Superconducting Magnetic Energy Storage Introduction
11.9.4 Nexans Revenue in Power System Superconducting Magnetic Energy Storage Business (2019-2024)
11.9.5 Nexans Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 麻豆原创 Size Estimation
13.1.1.3 麻豆原创 Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
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
听
听
*If Applicable.