Global Superconducting Magnetic Energy Storage (SMES) Systems Market Growth 2019-2024

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.
North America is the largest consumption of Superconducting Magnetic Energy Storage (SMES) Systems, with a sales revenue market share nearly 35.33% in 2015.
The second place is Europe; following North America with the sales revenue market share over 25.37% in 2015. Japan is another important consumption market of Superconducting Magnetic Energy Storage (SMES) Systems.

According to this study, over the next five years the Superconducting Magnetic Energy Storage (SMES) Systems market will register a 10.4% CAGR in terms of revenue, the global market size will reach US$ 83000 million by 2024, from US$ 45800 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Superconducting Magnetic Energy Storage (SMES) Systems business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Superconducting Magnetic Energy Storage (SMES) Systems market by product type, application, key manufacturers and key regions and countries.

This study considers the Superconducting Magnetic Energy Storage (SMES) Systems value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Low Temperature SMES
High Temperature SMES
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Power System
Industrial Use
Research Institution
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Superconducting Magnetic Energy Storage (SMES) Systems consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Superconducting Magnetic Energy Storage (SMES) Systems market by identifying its various subsegments.
Focuses on the key global Superconducting Magnetic Energy Storage (SMES) Systems manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Superconducting Magnetic Energy Storage (SMES) Systems with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Superconducting Magnetic Energy Storage (SMES) Systems submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.