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Superconducting Magnetic Energy Storage (SMES) Systems - Market Analysis, Trends, and Forecasts

  • ID: 2692233
  • Report
  • February 2020
  • Region: Global
  • 116 Pages
  • Global Industry Analysts, Inc
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Superconducting Magnetic Energy Storage (SMES) Systems market worldwide is projected to grow by US$38.8 Billion, driven by a compounded growth of 10.1%. Superconducting Magnetic Energy Storage (SMES) Systems, one of the segments analyzed and sized in this study, displays the potential to grow at over 10.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$79 Billion by the year 2025, Superconducting Magnetic Energy Storage (SMES) Systems will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 8.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.6 Billion to the region's size and clout in the next 5 to 6 years. Over US$1.3 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Superconducting Magnetic Energy Storage (SMES) Systems will reach a market size of US$4.5 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 13.1% over the next couple of years and add approximately US$9.2 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

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
  • Superconductor Technologies Inc.
  • SuperPower Inc.
  • SuNam Co. Ltd.
Note: Product cover images may vary from those shown
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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

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: 2018-2025

TABLE 2: Superconducting Magnetic Energy Storage (SMES) Systems Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017

TABLE 3: Superconducting Magnetic Energy Storage (SMES) Systems Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

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: 2018 to 2025

TABLE 5: Superconducting Magnetic Energy Storage (SMES) Systems Market in the United States: A Historic Review in US$ Million for 2009-2017

CANADA

TABLE 6: Canadian Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Forecasts in US$ Million: 2018 to 2025

TABLE 7: Canadian Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Review in US$ Million: 2009-2017

JAPAN

TABLE 8: Japanese Market for Superconducting Magnetic Energy Storage (SMES) Systems: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 9: Superconducting Magnetic Energy Storage (SMES) Systems Market in Japan: Historic Sales Analysis in US$ Million for the Period 2009-2017

CHINA

TABLE 10: Chinese Superconducting Magnetic Energy Storage (SMES) Systems Market Growth Prospects in US$ Million for the Period 2018-2025

TABLE 11: Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in China in US$ Million: 2009-2017

EUROPE

Market Facts & Figures

Market Analytics

TABLE 12: European Superconducting Magnetic Energy Storage (SMES) Systems Market Demand Scenario in US$ Million by Region/Country: 2018-2025

TABLE 13: Superconducting Magnetic Energy Storage (SMES) Systems Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017

TABLE 14: European Superconducting Magnetic Energy Storage (SMES) Systems Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

FRANCE

TABLE 15: Superconducting Magnetic Energy Storage (SMES) Systems Market in France: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 16: French Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Scenario in US$ Million: 2009-2017

GERMANY

TABLE 17: Superconducting Magnetic Energy Storage (SMES) Systems Market in Germany: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 18: German Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in US$ Million: 2009-2017

ITALY

TABLE 19: Italian Superconducting Magnetic Energy Storage (SMES) Systems Market Growth Prospects in US$ Million for the Period 2018-2025

TABLE 20: Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in Italy in US$ Million: 2009-2017

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 2018-2025

TABLE 22: Superconducting Magnetic Energy Storage (SMES) Systems Market in the United Kingdom: Historic Sales Analysis in US$ Million for the Period 2009-2017

SPAIN

TABLE 23: Spanish Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Forecasts in US$ Million: 2018 to 2025

TABLE 24: Spanish Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Review in US$ Million: 2009-2017

RUSSIA

TABLE 25: Russian Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Projections in US$ Million: 2018 to 2025

TABLE 26: Superconducting Magnetic Energy Storage (SMES) Systems Market in Russia: A Historic Review in US$ Million for 2009-2017

REST OF EUROPE

TABLE 27: Rest of Europe Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Forecasts in US$ Million: 2018-2025

TABLE 28: Superconducting Magnetic Energy Storage (SMES) Systems Market in Rest of Europe in US$ Million: A Historic Review for the Period 2009-2017

ASIA-PACIFIC

TABLE 29: Asia-Pacific Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 30: Superconducting Magnetic Energy Storage (SMES) Systems Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2009-2017

TABLE 31: Asia-Pacific Superconducting Magnetic Energy Storage (SMES) Systems Market Share Analysis by Region/Country: 2009 VS 2019 VS 2025

AUSTRALIA

TABLE 32: Superconducting Magnetic Energy Storage (SMES) Systems Market in Australia: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 33: Australian Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in US$ Million: 2009-2017

INDIA

TABLE 34: Indian Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Forecasts in US$ Million: 2018 to 2025

TABLE 35: Indian Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Review in US$ Million: 2009-2017

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 2018-2025

TABLE 37: South Korean Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in US$ Million: 2009-2017

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 2018-2025

TABLE 39: Superconducting Magnetic Energy Storage (SMES) Systems Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million for the Period 2009-2017

LATIN AMERICA

TABLE 40: Latin American Superconducting Magnetic Energy Storage (SMES) Systems Market Trends by Region/Country in US$ Million: 2018-2025

TABLE 41: Superconducting Magnetic Energy Storage (SMES) Systems Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2009-2017

TABLE 42: Latin American Superconducting Magnetic Energy Storage (SMES) Systems Market Percentage Breakdown of Sales by Region/Country: 2009, 2019, and 2025

ARGENTINA

TABLE 43: Argentinean Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Forecasts in US$ Million: 2018-2025

TABLE 44: Superconducting Magnetic Energy Storage (SMES) Systems Market in Argentina in US$ Million: A Historic Review for the Period 2009-2017

BRAZIL

TABLE 45: Superconducting Magnetic Energy Storage (SMES) Systems Market in Brazil: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 46: Brazilian Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Scenario in US$ Million: 2009-2017

MEXICO

TABLE 47: Superconducting Magnetic Energy Storage (SMES) Systems Market in Mexico: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 48: Mexican Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in US$ Million: 2009-2017

REST OF LATIN AMERICA

TABLE 49: Rest of Latin America Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Projections in US$ Million: 2018 to 2025

TABLE 50: Superconducting Magnetic Energy Storage (SMES) Systems Market in Rest of Latin America: A Historic Review in US$ Million for 2009-2017

MIDDLE EAST

TABLE 51: The Middle East Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 52: Superconducting Magnetic Energy Storage (SMES) Systems Market in the Middle East by Region/Country in US$ Million: 2009-2017

TABLE 53: The Middle East Superconducting Magnetic Energy Storage (SMES) Systems Market Share Breakdown by Region/Country: 2009, 2019, and 2025

IRAN

TABLE 54: Iranian Market for Superconducting Magnetic Energy Storage (SMES) Systems: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 55: Superconducting Magnetic Energy Storage (SMES) Systems Market in Iran: Historic Sales Analysis in US$ Million for the Period 2009-2017

ISRAEL

TABLE 56: Israeli Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Forecasts in US$ Million: 2018-2025

TABLE 57: Superconducting Magnetic Energy Storage (SMES) Systems Market in Israel in US$ Million: A Historic Review for the Period 2009-2017

SAUDI ARABIA

TABLE 58: Saudi Arabian Superconducting Magnetic Energy Storage (SMES) Systems Market Growth Prospects in US$ Million for the Period 2018-2025

TABLE 59: Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in Saudi Arabia in US$ Million: 2009-2017

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 2018-2025

TABLE 61: United Arab Emirates Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in US$ Million: 2009-2017

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 2018-2025

TABLE 63: Rest of Middle East Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Analysis in US$ Million: 2009-2017

AFRICA

TABLE 64: African Superconducting Magnetic Energy Storage (SMES) Systems Market Estimates and Projections in US$ Million: 2018 to 2025

TABLE 65: Superconducting Magnetic Energy Storage (SMES) Systems Market in Africa: A Historic Review in US$ Million for 2009-2017

IV. COMPETITION

Total Companies Profiled: 22

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