Superconducting Magnetic Energy Storage Systems Market

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

Note: In the report, production Revenue (value)is based on the production statistics of Superconducting Magnetic Energy Storage (SMES) systems manufacturers. And consumption value is based on the downstream customer's consumption statistics of Superconducting Magnetic Energy Storage (SMES) systems.

Superconducting Magnetic Energy Storage Systems Market contains market size and forecasts of Superconducting Magnetic Energy Storage (SMES) Systems in Global, including the following market information:

Global Superconducting Magnetic Energy Storage (SMES) Systems Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Superconducting Magnetic Energy Storage (SMES) Systems market was valued at 72 million in 2021 and is projected to reach US$ 125.3 million by 2028, at a CAGR of 8.2% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Low Temperature SMES Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Superconducting Magnetic Energy Storage (SMES) Systems include 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. and Nexans SA, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Superconducting Magnetic Energy Storage (SMES) Systems companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Superconducting Magnetic Energy Storage (SMES) Systems Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Superconducting Magnetic Energy Storage (SMES) Systems Market Segment Percentages, by Type, 2021 (%)

Low Temperature SMES

High Temperature SMES

Global Superconducting Magnetic Energy Storage (SMES) Systems Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Superconducting Magnetic Energy Storage (SMES) Systems Market Segment Percentages, by Application, 2021 (%)

Power System

Industrial Use

Research Institution

Others

Global Superconducting Magnetic Energy Storage (SMES) Systems Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Superconducting Magnetic Energy Storage (SMES) Systems Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Superconducting Magnetic Energy Storage (SMES) Systems revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Superconducting Magnetic Energy Storage (SMES) Systems revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

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.

Superconductor Technologies Inc