Global Superconducting Magnetic Energy Storage Market 2017-2021

  • ID: 4268136
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • AMERICAN SUPERCONDUCTOR
  • ASG Superconductors
  • Bruker
  • Fujikura
  • Luvata
  • MORE
About Superconducting Magnetic Energy Storage

Superconducting magnetic energy storage is a technique of energy storage, in which current will continue to flow in a superconductor even after the voltage from it has been removed. Superconductor coil has a negligible resistance when it is cooled below its critical temperature. Hence, current will continue to flow even after a voltage or power source is disconnected.

The analysts forecast the global superconducting magnetic energy storage market to grow at a CAGR of 6.37% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global superconducting magnetic energy storage market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Superconducting Magnetic Energy Storage Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- AMERICAN SUPERCONDUCTOR
- Bruker
- Southwire
- Sumitomo Electric Industries
- SuperPower

Other prominent vendors
- ABB
- ASG Superconductors
- Fujikura
- General Cable Technologies
- Luvata
- Nexans
- Superconductor Technologies

Market drivers
- Rise in use of renewable resources
- For a full, detailed list, view the full report

Market challenges
- High cost associated with implementation
- For a full, detailed list, view the full report

Market trends
- Increasing grid modernization
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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FEATURED COMPANIES

  • ABB
  • AMERICAN SUPERCONDUCTOR
  • ASG Superconductors
  • Bruker
  • Fujikura
  • Luvata
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
  • Energy storage system overview
  • Superconducting magnetic energy storage systems overview
PART 05: Market landscape
  • Market overview
  • Global superconducting magnetic energy storage market
  • Five forces analysis
PART 06: Market segmentation by geography
  • Global superconducting magnetic energy storage market by geography
  • Superconducting magnetic energy storage market in APAC
  • Superconducting magnetic energy storage market in Americas
  • Superconducting magnetic energy storage market in EMEA
PART 07: Decision framework

PART 08: Drivers and challenges
  • Market drivers
  • Market challenges
PART 09: Market trends
  • Increasing grid modernization
  • Changes in grid structure driving demand for energy storage
  • Pollution caused by lead-acid recycling
PART 10: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
PART 11: Key vendor analysis
  • AMERICAN SUPERCONDUCTOR
  • Bruker
  • Southwire
  • Sumitomo Electric Industries
  • SuperPower
PART 12: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Different energy storage systems
Exhibit 02: Superconducting magnetic energy storage system illustration
Exhibit 03: Magnetic energy storage in closed circuited superconducting coil
Exhibit 04: Superconducting magnetic energy storage system integrated with smart grid
Exhibit 05: Superconducting magnetic energy storage with power plant T&D
Exhibit 06: Global superconducting magnetic energy storage market segmentation
Exhibit 07: Global superconducting magnetic energy storage market 2016-2021 ($ millions)
Exhibit 08: Superconducting magnetic energy storage system block diagram
Exhibit 09: Five forces analysis
Exhibit 10: Global superconducting magnetic energy storage market by geography 2016 and 2021 (%)
Exhibit 11: Global superconducting magnetic energy storage market by geography 2016-2021 ($ millions)
Exhibit 12: Superconducting magnetic energy storage market in APAC 2016-2021 ($ millions)
Exhibit 13: Superconducting magnetic energy storage market in Americas 2016-2021 ($ millions)
Exhibit 14: Superconducting magnetic energy storage market in EMEA 2016-2021 ($ millions)
Exhibit 15: Services provided by energy storage
Exhibit 16: Two-way distributed energy system with energy storage
Exhibit 17: Most commonly used DER
Exhibit 18: Global CO2 emissions from fuel combustion by sectors 2014 (%)
Exhibit 19: Global cumulative T&D infrastructure investments 2014-2035 ($ trillion)
Exhibit 20: Advantages of smart grids
Exhibit 21: Traditional power grid
Exhibit 22: Transformed grid
Exhibit 23: Other prominent vendors (Indicative list)
Exhibit 24: AMERICAN SUPERCONDUCTOR: Key products
Exhibit 25: Bruker: Key products
Exhibit 26: Southwire: Key products
Exhibit 27: Sumitomo Electric Industries: Key products
Exhibit 28: SuperPower: Key products
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FEATURED COMPANIES

  • ABB
  • AMERICAN SUPERCONDUCTOR
  • ASG Superconductors
  • Bruker
  • Fujikura
  • Luvata
  • MORE
New Report Released: – Global Superconducting Magnetic Energy Storage Market 2017-2021

The author of the report recognizes the following companies as the key players in the global superconducting magnetic energy storage market: AMERICAN SUPERCONDUCTOR, Bruker, Southwire, Sumitomo Electric Industries and SuperPower.

Other Prominent Vendors in the market are: ABB, ASG Superconductors, Fujikura, General Cable Technologies, Luvata, Nexans, Superconductor Technologies.

Commenting on the report, an analyst from the research team said: “One trend in the market is increasing grid modernization. The aging power infrastructure, need for mitigation of cybersecurity risks, and the addition of new resources to the grid have compelled the electricity industry to look for ways to make the grid reliable, protect it against cybersecurity, and increase flexibility to make rapid changes according to supply and demand conditions.”

According to the report, one driver in the market is rise in use of renewable resources. Energy insecurities have led governments worldwide to focus on alternate sources of power for the future. The rising concerns over carbon emissions from power plants have made it necessary to switch to gas-powered plants and renewable sources for electricity generation. A significant amount has been invested in the renewable sources for cleaner power generation, which has increased the year-over-year renewable installed capacity.

Further, the report states that one challenge in the market is high cost associated with implementation. The cost of upgrading smart grid systems includes additional costs, such as the cost of distribution systems, replacement of transmission lines, substation digitization, power delivering systems, and digital controls. Consequently, power utilities and independent power producers (IPPs) face the prospect of huge initial capital investment.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. F
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  • AMERICAN SUPERCONDUCTOR
  • Bruker
  • Southwire
  • Sumitomo Electric Industries
  • SuperPower
  • ABB
  • ASG Superconductors
  • Fujikura
  • General Cable Technologies
  • Luvata
  • Nexans
  • Superconductor Technologies
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