The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Global Superconducting Magnetic Energy Storage (SMES) Systems Market Research Report 2024
Synopsis
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.
The global Superconducting Magnetic Energy Storage (SMES) Systems market was valued at US$ 70 million in 2023 and is anticipated to reach US$ 125.5 million by 2030, witnessing a CAGR of 8.6% during the forecast period 2024-2030.
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 and Sumitomo Electric Industries, Ltd, etc, with about 64% market shares.
North America is the largest consumption of Superconducting Magnetic Energy Storage (SMES) Systems, with a sales revenue market share nearly 35%. The second place is Europe, following North America with the sales revenue market share over 25%. Japan is another important consumption market of Superconducting Magnetic Energy Storage (SMES) Systems.
This report aims to provide a comprehensive presentation of the global market for Superconducting Magnetic Energy Storage (SMES) Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Superconducting Magnetic Energy Storage (SMES) Systems.
Report Scope
The Superconducting Magnetic Energy Storage (SMES) Systems market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Superconducting Magnetic Energy Storage (SMES) Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Superconducting Magnetic Energy Storage (SMES) Systems companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Low Temperature SMES
High Temperature SMES
Segment by Application
Power System
Industrial Use
Research Institution
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Superconducting Magnetic Energy Storage (SMES) Systems companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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.
The global Superconducting Magnetic Energy Storage (SMES) Systems market was valued at US$ 70 million in 2023 and is anticipated to reach US$ 125.5 million by 2030, witnessing a CAGR of 8.6% during the forecast period 2024-2030.
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 and Sumitomo Electric Industries, Ltd, etc, with about 64% market shares.
North America is the largest consumption of Superconducting Magnetic Energy Storage (SMES) Systems, with a sales revenue market share nearly 35%. The second place is Europe, following North America with the sales revenue market share over 25%. Japan is another important consumption market of Superconducting Magnetic Energy Storage (SMES) Systems.
This report aims to provide a comprehensive presentation of the global market for Superconducting Magnetic Energy Storage (SMES) Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Superconducting Magnetic Energy Storage (SMES) Systems.
Report Scope
The Superconducting Magnetic Energy Storage (SMES) Systems market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Superconducting Magnetic Energy Storage (SMES) Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Superconducting Magnetic Energy Storage (SMES) Systems companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Low Temperature SMES
High Temperature SMES
Segment by Application
Power System
Industrial Use
Research Institution
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Superconducting Magnetic Energy Storage (SMES) Systems companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Superconducting Magnetic Energy Storage (SMES) Systems Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Low Temperature SMES
1.2.3 High Temperature SMES
1.3 Market by Application
1.3.1 Global Superconducting Magnetic Energy Storage (SMES) Systems Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Power System
1.3.3 Industrial Use
1.3.4 Research Institution
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Superconducting Magnetic Energy Storage (SMES) Systems Market Perspective (2019-2030)
2.2 Superconducting Magnetic Energy Storage (SMES) Systems Growth Trends by Region
2.2.1 Global Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Size by Region (2019-2024)
2.2.3 Superconducting Magnetic Energy Storage (SMES) Systems Forecasted Market Size by Region (2025-2030)
2.3 Superconducting Magnetic Energy Storage (SMES) Systems Market Dynamics
2.3.1 Superconducting Magnetic Energy Storage (SMES) Systems Industry Trends
2.3.2 Superconducting Magnetic Energy Storage (SMES) Systems Market Drivers
2.3.3 Superconducting Magnetic Energy Storage (SMES) Systems Market Challenges
2.3.4 Superconducting Magnetic Energy Storage (SMES) Systems Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Superconducting Magnetic Energy Storage (SMES) Systems Players by Revenue
3.1.1 Global Top Superconducting Magnetic Energy Storage (SMES) Systems Players by Revenue (2019-2024)
3.1.2 Global Superconducting Magnetic Energy Storage (SMES) Systems Revenue Market Share by Players (2019-2024)
3.2 Global Superconducting Magnetic Energy Storage (SMES) Systems Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Superconducting Magnetic Energy Storage (SMES) Systems Revenue
3.4 Global Superconducting Magnetic Energy Storage (SMES) Systems Market Concentration Ratio
3.4.1 Global Superconducting Magnetic Energy Storage (SMES) Systems Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Superconducting Magnetic Energy Storage (SMES) Systems Revenue in 2023
3.5 Superconducting Magnetic Energy Storage (SMES) Systems Key Players Head office and Area Served
3.6 Key Players Superconducting Magnetic Energy Storage (SMES) Systems Product Solution and Service
3.7 Date of Enter into Superconducting Magnetic Energy Storage (SMES) Systems Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Superconducting Magnetic Energy Storage (SMES) Systems Breakdown Data by Type
4.1 Global Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Size by Type (2019-2024)
4.2 Global Superconducting Magnetic Energy Storage (SMES) Systems Forecasted Market Size by Type (2025-2030)
5 Superconducting Magnetic Energy Storage (SMES) Systems Breakdown Data by Application
5.1 Global Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Size by Application (2019-2024)
5.2 Global Superconducting Magnetic Energy Storage (SMES) Systems Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Superconducting Magnetic Energy Storage (SMES) Systems Market Size (2019-2030)
6.2 North America Superconducting Magnetic Energy Storage (SMES) Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Country (2019-2024)
6.4 North America Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Superconducting Magnetic Energy Storage (SMES) Systems Market Size (2019-2030)
7.2 Europe Superconducting Magnetic Energy Storage (SMES) Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Country (2019-2024)
7.4 Europe Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Superconducting Magnetic Energy Storage (SMES) Systems Market Size (2019-2030)
8.2 Asia-Pacific Superconducting Magnetic Energy Storage (SMES) Systems Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Region (2019-2024)
8.4 Asia-Pacific Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Superconducting Magnetic Energy Storage (SMES) Systems Market Size (2019-2030)
9.2 Latin America Superconducting Magnetic Energy Storage (SMES) Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Country (2019-2024)
9.4 Latin America Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Superconducting Magnetic Energy Storage (SMES) Systems Market Size (2019-2030)
10.2 Middle East & Africa Superconducting Magnetic Energy Storage (SMES) Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Country (2019-2024)
10.4 Middle East & Africa Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 American Superconductor Corporation
11.1.1 American Superconductor Corporation Company Detail
11.1.2 American Superconductor Corporation Business Overview
11.1.3 American Superconductor Corporation Superconducting Magnetic Energy Storage (SMES) Systems Introduction
11.1.4 American Superconductor Corporation Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
11.1.5 American Superconductor Corporation Recent Development
11.2 Super Power Inc
11.2.1 Super Power Inc Company Detail
11.2.2 Super Power Inc Business Overview
11.2.3 Super Power Inc Superconducting Magnetic Energy Storage (SMES) Systems Introduction
11.2.4 Super Power Inc Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
11.2.5 Super Power Inc Recent Development
11.3 Bruker Energy & Supercon Technologies
11.3.1 Bruker Energy & Supercon Technologies Company Detail
11.3.2 Bruker Energy & Supercon Technologies Business Overview
11.3.3 Bruker Energy & Supercon Technologies Superconducting Magnetic Energy Storage (SMES) Systems Introduction
11.3.4 Bruker Energy & Supercon Technologies Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
11.3.5 Bruker Energy & Supercon Technologies Recent Development
11.4 Fujikura
11.4.1 Fujikura Company Detail
11.4.2 Fujikura Business Overview
11.4.3 Fujikura Superconducting Magnetic Energy Storage (SMES) Systems Introduction
11.4.4 Fujikura Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
11.4.5 Fujikura Recent Development
11.5 Hyper Tech Research
11.5.1 Hyper Tech Research Company Detail
11.5.2 Hyper Tech Research Business Overview
11.5.3 Hyper Tech Research Superconducting Magnetic Energy Storage (SMES) Systems Introduction
11.5.4 Hyper Tech Research Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
11.5.5 Hyper Tech Research Recent Development
11.6 Southwire Company US
11.6.1 Southwire Company US Company Detail
11.6.2 Southwire Company US Business Overview
11.6.3 Southwire Company US Superconducting Magnetic Energy Storage (SMES) Systems Introduction
11.6.4 Southwire Company US Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
11.6.5 Southwire Company US Recent Development
11.7 Sumitomo Electric Industries, Ltd
11.7.1 Sumitomo Electric Industries, Ltd Company Detail
11.7.2 Sumitomo Electric Industries, Ltd Business Overview
11.7.3 Sumitomo Electric Industries, Ltd Superconducting Magnetic Energy Storage (SMES) Systems Introduction
11.7.4 Sumitomo Electric Industries, Ltd Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
11.7.5 Sumitomo Electric Industries, Ltd Recent Development
11.8 General Cable Superconductors Ltd.
11.8.1 General Cable Superconductors Ltd. Company Detail
11.8.2 General Cable Superconductors Ltd. Business Overview
11.8.3 General Cable Superconductors Ltd. Superconducting Magnetic Energy Storage (SMES) Systems Introduction
11.8.4 General Cable Superconductors Ltd. Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
11.8.5 General Cable Superconductors Ltd. Recent Development
11.9 Nexans SA
11.9.1 Nexans SA Company Detail
11.9.2 Nexans SA Business Overview
11.9.3 Nexans SA Superconducting Magnetic Energy Storage (SMES) Systems Introduction
11.9.4 Nexans SA Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
11.9.5 Nexans SA Recent Development
11.10 ASG Superconductors SpA
11.10.1 ASG Superconductors SpA Company Detail
11.10.2 ASG Superconductors SpA Business Overview
11.10.3 ASG Superconductors SpA Superconducting Magnetic Energy Storage (SMES) Systems Introduction
11.10.4 ASG Superconductors SpA Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
11.10.5 ASG Superconductors SpA Recent Development
11.11 Luvata U.K.
11.11.1 Luvata U.K. Company Detail
11.11.2 Luvata U.K. Business Overview
11.11.3 Luvata U.K. Superconducting Magnetic Energy Storage (SMES) Systems Introduction
11.11.4 Luvata U.K. Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
11.11.5 Luvata U.K. Recent Development
11.12 SuNam Co., Ltd.
11.12.1 SuNam Co., Ltd. Company Detail
11.12.2 SuNam Co., Ltd. Business Overview
11.12.3 SuNam Co., Ltd. Superconducting Magnetic Energy Storage (SMES) Systems Introduction
11.12.4 SuNam Co., Ltd. Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
11.12.5 SuNam Co., Ltd. Recent Development
11.13 Superconductor Technologies Inc
11.13.1 Superconductor Technologies Inc Company Detail
11.13.2 Superconductor Technologies Inc Business Overview
11.13.3 Superconductor Technologies Inc Superconducting Magnetic Energy Storage (SMES) Systems Introduction
11.13.4 Superconductor Technologies Inc Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
11.13.5 Superconductor Technologies Inc Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest Energy & Power Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
