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
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, Sumitomo Electric Industries, Ltd , General Cable Superconductors Ltd., Nexans SA, ASG Superconductors SpA, Luvata U.K., SuNam Co., Ltd. and Superconductor Technologies Inc etc. The revenue of Superconducting Magnetic Energy Storage (SMES) Systems is about 39420 K USD in 2015.

Market Analysis and Insights: Global Superconducting Magnetic Energy Storage (SMES) Systems Market
The global Superconducting Magnetic Energy Storage (SMES) Systems market was valued at US$ 68230 in 2020 and will reach US$ 120880 million by the end of 2027, growing at a CAGR of 10.0% during 2022-2027.

Global Superconducting Magnetic Energy Storage (SMES) Systems Scope and Market Size
The global Superconducting Magnetic Energy Storage (SMES) Systems market is segmented by company, 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 sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

Segment by Type
Low Temperature SMES
High Temperature SMES

Segment by Application
Power System
Industrial
Research Institution
Others

The Superconducting Magnetic Energy Storage (SMES) Systems market is analysed and market size information is provided by regions (countries). Segment by Application, the Superconducting Magnetic Energy Storage (SMES) Systems market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.

By Company
American Superconductor Corporation
Super Power Inc
Bruker Energy & Supercon Technologies
Fujikura
Hyper Tech Research
Southwire Company
Sumitomo Electric Industries, Ltd
General Cable Superconductors Ltd.
Nexans SA
ASG Superconductors SpA
Luvata U.K.
SuNam Co., Ltd.
Superconductor Technologies Inc