+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Superconducting Magnetic Energy Storage (SMES) Systems - Global Market Trajectory & Analytics

  • ID: 2692233
  • Report
  • September 2020
  • Region: Global
  • 118 Pages
  • Global Industry Analysts, Inc
1 of 2
Global Superconducting Magnetic Energy Storage (SMES) Systems Market to Reach $81.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Superconducting Magnetic Energy Storage (SMES) Systems estimated at US$44.6 Billion in the year 2020, is projected to reach a revised size of US$81.3 Billion by 2027, growing at a CAGR of 9% over the period 2020-2027.

The U. S. Market is Estimated at $12.1 Billion, While China is Forecast to Grow at 11.9% CAGR

The Superconducting Magnetic Energy Storage (SMES) Systems market in the U. S. is estimated at US$12.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$17 Billion by the year 2027 trailing a CAGR of 11.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 7.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7% CAGR. We bring years of research experience to this 20th edition of our report. The 118-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • ABB Inc.
  • American Superconductor Corporation
  • ASG Superconductors SpA
  • Babcock Noell GmbH
  • Beijing Innopower Superconductor Cable Co. Ltd
  • Bruker Energy & Supercon Technologies
  • Fujikura Ltd.
  • Hyper Tech Research Inc.
  • Luvata U. K. Ltd
  • Nexans SA
  • Southwire Company LLC
  • Sumitomo Electric Industries Ltd
  • SuNam Co. Ltd.
  • Superconductor Technologies Inc.
  • SuperPower Inc.
Note: Product cover images may vary from those shown
2 of 2
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Why Energy Storage?
  • Recent Market Activity
  • SMES: A Promising Energy Storage Technology
  • Asia-Pacific Spearheads Growth in the Global SMES Systems Market
  • How Significant is SMES for Power Utilities?
  • Effect of Energy Storage System Integration in Power Grid at Different Levels
  • Focus on Green Energy Storage Bodes Well for SMES Systems
  • Development of Superconducting Materials: Essential for Market's Progress
  • R&D Efforts Focused on Addressing Cost Issues & Storage Capacity in SMES Systems
  • Rapid Charging & Discharging and Minimal Energy Losses: Major Advantages
  • Growing Need to Develop SMES Systems with Larger Power Storage Capacities
  • Growing Deployment of Smart Grids - An Opportunity for SMES Systems Market
  • High Cost: A Major Obstacle to Adoption in Large-Scale Applications
  • Challenges Faced in Deployment of SMES Systems
  • Competitive Landscape
  • Global Competitor Market Shares
  • Superconducting Magnetic Energy Storage (SMES) Systems Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • ABB, Inc. (USA)
  • American Superconductor Corporation (USA)
  • ASG Superconductors SpA (Italy)
  • Columbus Superconductors SpA (Italy)
  • Babcock Noell GmbH (Germany)
  • Beijing Innopower Superconductor Cable Co., Ltd (China)
  • Bruker Energy & Supercon Technologies (USA)
  • Fujikura Ltd. (Japan)
  • Hyper Tech Research, Inc. (USA)
  • Luvata U.K. Ltd (UK)
  • Nexans SA (France)
  • Southwire Company, LLC (USA)
  • Sumitomo Electric Industries, Ltd (Japan)
  • Superconductor Technologies, Inc. (USA)
  • SuperPower, Inc. (USA)
  • SuNam Co., Ltd. (South Korea)
3. MARKET TRENDS & DRIVERS
  • Focus on Sustainable Power Sourcing Enhances Significance of Energy Storage
  • Why Energy Storage Can Be a Game Changer for Renewable Energy?
  • Focus on Energy Efficiency to Drive Prospects for Energy Storage
  • Rising Renewable Energy Consumption to Drive Energy Storage Market
  • Assessing the Significance of Storage Technologies in Distributed Generation
  • The Business Case for Installing Energy Storage Systems in DERs
  • Microgrids - Driving Energy Storage in the Future
  • New Projects & Government Mandates to Stimulate Energy Storage Market
  • Incentives & Standards: Key to Promoting Energy Storage Technologies
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: Superconducting Magnetic Energy Storage (SMES) Systems Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 2: Superconducting Magnetic Energy Storage (SMES) Systems Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
  • TABLE 3: Superconducting Magnetic Energy Storage (SMES) Systems Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • Market Analytics
  • TABLE 4: United States Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Projections in US$ Million: 2020 to 2027
  • TABLE 5: Superconducting Magnetic Energy Storage (SMES) Systems Market in the United States: A Historic Review in US$ Million for 2012-2019
CANADA
  • TABLE 6: Canadian Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Forecasts in US$ Million: 2020 to 2027
  • TABLE 7: Canadian Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Review in US$ Million: 2012-2019
JAPAN
  • TABLE 8: Japanese Market for Superconducting Magnetic Energy Storage (SMES) Systems: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
  • TABLE 9: Superconducting Magnetic Energy Storage (SMES) Systems Market in Japan: Historic Sales Analysis in US$ Million for the Period 2012-2019
CHINA
  • TABLE 10: Chinese Superconducting Magnetic Energy Storage (SMES) Systems Market Growth Prospects in US$ Million for the Period 2020-2027
  • TABLE 11: Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in China in US$ Million: 2012-2019
EUROPE
  • Market Facts & Figures
  • Market Analytics
  • TABLE 12: European Superconducting Magnetic Energy Storage (SMES) Systems Market Demand Scenario in US$ Million by Region/Country: 2020-2027
  • TABLE 13: Superconducting Magnetic Energy Storage (SMES) Systems Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
  • TABLE 14: European Superconducting Magnetic Energy Storage (SMES) Systems Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
FRANCE
  • TABLE 15: Superconducting Magnetic Energy Storage (SMES) Systems Market in France: Estimates and Projections in US$ Million for the Period 2020-2027
  • TABLE 16: French Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Scenario in US$ Million: 2012-2019
GERMANY
  • TABLE 17: Superconducting Magnetic Energy Storage (SMES) Systems Market in Germany: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
  • TABLE 18: German Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in US$ Million: 2012-2019
ITALY
  • TABLE 19: Italian Superconducting Magnetic Energy Storage (SMES) Systems Market Growth Prospects in US$ Million for the Period 2020-2027
  • TABLE 20: Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in Italy in US$ Million: 2012-2019
UNITED KINGDOM
  • TABLE 21: United Kingdom Market for Superconducting Magnetic Energy Storage (SMES) Systems: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
  • TABLE 22: Superconducting Magnetic Energy Storage (SMES) Systems Market in the United Kingdom: Historic Sales Analysis in US$ Million for the Period 2012-2019
SPAIN
  • TABLE 23: Spanish Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Forecasts in US$ Million: 2020 to 2027
  • TABLE 24: Spanish Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Review in US$ Million: 2012-2019
RUSSIA
  • TABLE 25: Russian Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Projections in US$ Million: 2020 to 2027
  • TABLE 26: Superconducting Magnetic Energy Storage (SMES) Systems Market in Russia:A Historic Review in US$ Million for 2012-2019
REST OF EUROPE
  • TABLE 27: Rest of Europe Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Forecasts in US$ Million: 2020-2027
  • TABLE 28: Superconducting Magnetic Energy Storage (SMES) Systems Market in Rest of Europe in US$ Million: A Historic Review for the Period 2012-2019
ASIA-PACIFIC
  • TABLE 29: Asia-Pacific Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 30: Superconducting Magnetic Energy Storage (SMES) Systems Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
  • TABLE 31: Asia-Pacific Superconducting Magnetic Energy Storage (SMES) Systems Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
AUSTRALIA
  • TABLE 32: Superconducting Magnetic Energy Storage (SMES) Systems Market in Australia: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
  • TABLE 33: Australian Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in US$ Million: 2012-2019
INDIA
  • TABLE 34: Indian Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Forecasts in US$ Million: 2020 to 2027
  • TABLE 35: Indian Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Review in US$ Million: 2012-2019
SOUTH KOREA
  • TABLE 36: Superconducting Magnetic Energy Storage (SMES) Systems Market in South Korea: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
  • TABLE 37: South Korean Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in US$ Million: 2012-2019
REST OF ASIA-PACIFIC
  • TABLE 38: Rest of Asia-Pacific Market for Superconducting Magnetic Energy Storage (SMES) Systems: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
  • TABLE 39: Superconducting Magnetic Energy Storage (SMES) Systems Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million for the Period 2012-2019
LATIN AMERICA
  • TABLE 40: Latin American Superconducting Magnetic Energy Storage (SMES) Systems Market Trends by Region/Country in US$ Million: 2020-2027
  • TABLE 41: Superconducting Magnetic Energy Storage (SMES) Systems Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
  • TABLE 42: Latin American Superconducting Magnetic Energy Storage (SMES) Systems Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
ARGENTINA
  • TABLE 43: Argentinean Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Forecasts in US$ Million: 2020-2027
  • TABLE 44: Superconducting Magnetic Energy Storage (SMES) Systems Market in Argentina in US$ Million: A Historic Review for the Period 2012-2019
BRAZIL
  • TABLE 45: Superconducting Magnetic Energy Storage (SMES) Systems Market in Brazil: Estimates and Projections in US$ Million for the Period 2020-2027
  • TABLE 46: Brazilian Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Scenario in US$ Million: 2012-2019
MEXICO
  • TABLE 47: Superconducting Magnetic Energy Storage (SMES) Systems Market in Mexico: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
  • TABLE 48: Mexican Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in US$ Million: 2012-2019
REST OF LATIN AMERICA
  • TABLE 49: Rest of Latin America Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Projections in US$ Million: 2020 to 2027
  • TABLE 50: Superconducting Magnetic Energy Storage (SMES) Systems Market in Rest of Latin America: A Historic Review in US$ Million for 2012-2019
MIDDLE EAST
  • TABLE 51: The Middle East Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 52: Superconducting Magnetic Energy Storage (SMES) Systems Market in the Middle East by Region/Country in US$ Million: 2012-2019
  • TABLE 53: The Middle East Superconducting Magnetic Energy Storage (SMES) Systems Market Share Breakdown by Region/Country: 2012, 2020, and 2027
IRAN
  • TABLE 54: Iranian Market for Superconducting Magnetic Energy Storage (SMES) Systems: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
  • TABLE 55: Superconducting Magnetic Energy Storage (SMES) Systems Market in Iran: Historic Sales Analysis in US$ Million for the Period 2012-2019
ISRAEL
  • TABLE 56: Israeli Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Forecasts in US$ Million: 2020-2027
  • TABLE 57: Superconducting Magnetic Energy Storage (SMES) Systems Market in Israel in US$ Million: A Historic Review for the Period 2012-2019
SAUDI ARABIA
  • TABLE 58: Saudi Arabian Superconducting Magnetic Energy Storage (SMES) Systems Market Growth Prospects in US$ Million for the Period 2020-2027
  • TABLE 59: Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in Saudi Arabia in US$ Million: 2012-2019
UNITED ARAB EMIRATES
  • TABLE 60: Superconducting Magnetic Energy Storage (SMES) Systems Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
  • TABLE 61: United Arab Emirates Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in US$ Million: 2012-2019
REST OF MIDDLE EAST
  • TABLE 62: Superconducting Magnetic Energy Storage (SMES) Systems Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
  • TABLE 63: Rest of Middle East Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in US$ Million: 2012-2019
AFRICA
  • TABLE 64: African Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Projections in US$ Million: 2020 to 2027
  • TABLE 65: Superconducting Magnetic Energy Storage (SMES) Systems Market in Africa: A Historic Review in US$ Million for 2012-2019
IV. COMPETITION
  • Total Companies Profiled: 22
Note: Product cover images may vary from those shown
Adroll
adroll