Global Superconducting Magnetic Energy Storage (SMES) Systems Market Research Report 2022

Market Analysis and Insights: Global Superconducting Magnetic Energy Storage (SMES) Systems Market

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

Note: In the report, production Revenue (value)is based on the production statistics of Superconducting Magnetic Energy Storage (SMES) systems manufacturers. And consumption value is based on the downstream customer's consumption statistics of Superconducting Magnetic Energy Storage (SMES) systems.

The global Superconducting Magnetic Energy Storage (SMES) Systems market size is projected to reach US$ 125.5 million by 2028, from US$ 70 million in 2021, at a CAGR of 8.6% during 2022-2028.

Currently, there are many producing companies in the world Superconducting Magnetic Energy Storage (SMES) Systems industry, especially in North America, Europe and Japan. The main market players are American Superconductor Corporation, Super Power Inc, Bruker Energy & Supercon Technologies, Fujikura, Hyper Tech Research, Southwire Company US and Sumitomo Electric Industries, Ltd, etc, with about 64% market shares.

North America is the largest consumption of Superconducting Magnetic Energy Storage (SMES) Systems, with a sales revenue market share nearly 35%. The second place is Europe, following North America with the sales revenue market share over 25%. Japan is another important consumption market of Superconducting Magnetic Energy Storage (SMES) Systems.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Superconducting Magnetic Energy Storage (SMES) Systems market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Superconducting Magnetic Energy Storage (SMES) Systems market in terms of revenue.

Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Superconducting Magnetic Energy Storage (SMES) Systems market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Superconducting Magnetic Energy Storage (SMES) Systems market.

Global Superconducting Magnetic Energy Storage (SMES) Systems Scope and Market Size

Superconducting Magnetic Energy Storage (SMES) Systems market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Superconducting Magnetic Energy Storage (SMES) Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.


Segment by Type


Low Temperature SMES

High Temperature SMES


Segment by Application


Power System

Industrial Use

Research Institution

Others

By Region

North America

United States

Canada

Europe

Germany

France

UK

Italy

Russia

Nordic Countries

Rest of Europe

Asia-Pacific

China

Japan

South Korea

Southeast Asia

India

Australia

Rest of Asia

Latin America

Mexico

Brazil

Rest of Latin America

Middle East & Africa

Turkey

Saudi Arabia

UAE

Rest of MEA


By Company


American Superconductor Corporation

Super Power Inc

Bruker Energy & Supercon Technologies

Fujikura

Hyper Tech Research

Southwire Company US

Sumitomo Electric Industries, Ltd

General Cable Superconductors Ltd.

Nexans SA

ASG Superconductors SpA

Luvata U.K.

SuNam Co., Ltd.

Superconductor Technologies Inc

Frequently Asked Questions