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Global Superconducting Magnetic Energy Storage (SMES) Technology Market Research Report 2024
Synopsis
Superconducting Magnetic Energy Storage (SMES) is a technology used for the efficient storage and release of electrical energy. It relies on the phenomenon of superconductivity, where certain materials, when cooled to extremely low temperatures, exhibit zero electrical resistance.
SMES systems offer several advantages. They have high power density, meaning they can deliver a large amount of power in a short time. They also have a fast response time, making them suitable for applications that require quick energy release. Additionally, SMES systems have a long cycle life, meaning they can go through many charge-discharge cycles without significant degradation.
Global Superconducting Magnetic Energy Storage (SMES) Technology market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Superconducting Magnetic Energy Storage (SMES) Technology market research.
In response to the challenge of global climate change, about 130 countries and regions have proposed carbon neutrality goals, and green, low-carbon and sustainable development have become an international consensus. Among them, the construction of a new power system based on renewable energy is an important path to achieve carbon neutrality.
The development of energy storage technology is a necessary condition for promoting the transformation of energy structure, because renewable energy has the characteristics of intermittent, fluctuating and uncertain, which makes it difficult to guarantee the balance between power supply and demand. Energy storage technology can increase the proportion of renewable energy consumption, reduce the impact on the power grid, and improve the flexibility, economy and security of the power system.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Superconducting Magnetic Energy Storage (SMES) Technology market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
ABB
American Superconductor Corporation (AMSC)
ASG Superconductors
Southwire
Hyper Tech Research
Nexans
Korea Electrotechnology Research Institute (KERI)
Luvata
Bruker Energy & Supercon Technologies
Fujikura
Sumitomo Electric Industries
Segment by Type
High Temperature SMES
Low Temperature SMES
Segment by Application
Power Grid Stabilization
Renewable Energy Integration
Electric Vehicle Charging
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Superconducting Magnetic Energy Storage (SMES) Technology report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Superconducting Magnetic Energy Storage (SMES) is a technology used for the efficient storage and release of electrical energy. It relies on the phenomenon of superconductivity, where certain materials, when cooled to extremely low temperatures, exhibit zero electrical resistance.
SMES systems offer several advantages. They have high power density, meaning they can deliver a large amount of power in a short time. They also have a fast response time, making them suitable for applications that require quick energy release. Additionally, SMES systems have a long cycle life, meaning they can go through many charge-discharge cycles without significant degradation.
Global Superconducting Magnetic Energy Storage (SMES) Technology market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Superconducting Magnetic Energy Storage (SMES) Technology market research.
In response to the challenge of global climate change, about 130 countries and regions have proposed carbon neutrality goals, and green, low-carbon and sustainable development have become an international consensus. Among them, the construction of a new power system based on renewable energy is an important path to achieve carbon neutrality.
The development of energy storage technology is a necessary condition for promoting the transformation of energy structure, because renewable energy has the characteristics of intermittent, fluctuating and uncertain, which makes it difficult to guarantee the balance between power supply and demand. Energy storage technology can increase the proportion of renewable energy consumption, reduce the impact on the power grid, and improve the flexibility, economy and security of the power system.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Superconducting Magnetic Energy Storage (SMES) Technology market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
ABB
American Superconductor Corporation (AMSC)
ASG Superconductors
Southwire
Hyper Tech Research
Nexans
Korea Electrotechnology Research Institute (KERI)
Luvata
Bruker Energy & Supercon Technologies
Fujikura
Sumitomo Electric Industries
Segment by Type
High Temperature SMES
Low Temperature SMES
Segment by Application
Power Grid Stabilization
Renewable Energy Integration
Electric Vehicle Charging
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Superconducting Magnetic Energy Storage (SMES) Technology report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Index1 Superconducting Magnetic Energy Storage (SMES) Technology Market Overview
1.1 Product Definition
1.2 Superconducting Magnetic Energy Storage (SMES) Technology Segment by Type
1.2.1 Global Superconducting Magnetic Energy Storage (SMES) Technology Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 High Temperature SMES
1.2.3 Low Temperature SMES
1.3 Superconducting Magnetic Energy Storage (SMES) Technology Segment by Application
1.3.1 Global Superconducting Magnetic Energy Storage (SMES) Technology Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Power Grid Stabilization
1.3.3 Renewable Energy Integration
1.3.4 Electric Vehicle Charging
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Estimates and Forecasts (2018-2029)
1.4.4 Global Superconducting Magnetic Energy Storage (SMES) Technology Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Market Share by Manufacturers (2018-2023)
2.2 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Superconducting Magnetic Energy Storage (SMES) Technology, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Superconducting Magnetic Energy Storage (SMES) Technology Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Superconducting Magnetic Energy Storage (SMES) Technology Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Superconducting Magnetic Energy Storage (SMES) Technology, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Superconducting Magnetic Energy Storage (SMES) Technology, Product Offered and Application
2.8 Global Key Manufacturers of Superconducting Magnetic Energy Storage (SMES) Technology, Date of Enter into This Industry
2.9 Superconducting Magnetic Energy Storage (SMES) Technology Market Competitive Situation and Trends
2.9.1 Superconducting Magnetic Energy Storage (SMES) Technology Market Concentration Rate
2.9.2 Global 5 and 10 Largest Superconducting Magnetic Energy Storage (SMES) Technology Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Superconducting Magnetic Energy Storage (SMES) Technology Production by Region
3.1 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Value by Region (2018-2029)
3.2.1 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Superconducting Magnetic Energy Storage (SMES) Technology by Region (2024-2029)
3.3 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Superconducting Magnetic Energy Storage (SMES) Technology Production by Region (2018-2029)
3.4.1 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Superconducting Magnetic Energy Storage (SMES) Technology by Region (2024-2029)
3.5 Global Superconducting Magnetic Energy Storage (SMES) Technology Market Price Analysis by Region (2018-2023)
3.6 Global Superconducting Magnetic Energy Storage (SMES) Technology Production and Value, Year-over-Year Growth
3.6.1 North America Superconducting Magnetic Energy Storage (SMES) Technology Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Superconducting Magnetic Energy Storage (SMES) Technology Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Superconducting Magnetic Energy Storage (SMES) Technology Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Superconducting Magnetic Energy Storage (SMES) Technology Production Value Estimates and Forecasts (2018-2029)
4 Superconducting Magnetic Energy Storage (SMES) Technology Consumption by Region
4.1 Global Superconducting Magnetic Energy Storage (SMES) Technology Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Superconducting Magnetic Energy Storage (SMES) Technology Consumption by Region (2018-2029)
4.2.1 Global Superconducting Magnetic Energy Storage (SMES) Technology Consumption by Region (2018-2023)
4.2.2 Global Superconducting Magnetic Energy Storage (SMES) Technology Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Superconducting Magnetic Energy Storage (SMES) Technology Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Superconducting Magnetic Energy Storage (SMES) Technology Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Superconducting Magnetic Energy Storage (SMES) Technology Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Superconducting Magnetic Energy Storage (SMES) Technology Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Superconducting Magnetic Energy Storage (SMES) Technology Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Superconducting Magnetic Energy Storage (SMES) Technology Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Superconducting Magnetic Energy Storage (SMES) Technology Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Superconducting Magnetic Energy Storage (SMES) Technology Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Superconducting Magnetic Energy Storage (SMES) Technology Production by Type (2018-2029)
5.1.1 Global Superconducting Magnetic Energy Storage (SMES) Technology Production by Type (2018-2023)
5.1.2 Global Superconducting Magnetic Energy Storage (SMES) Technology Production by Type (2024-2029)
5.1.3 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Market Share by Type (2018-2029)
5.2 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Value by Type (2018-2029)
5.2.1 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Value by Type (2018-2023)
5.2.2 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Value by Type (2024-2029)
5.2.3 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Value Market Share by Type (2018-2029)
5.3 Global Superconducting Magnetic Energy Storage (SMES) Technology Price by Type (2018-2029)
6 Segment by Application
6.1 Global Superconducting Magnetic Energy Storage (SMES) Technology Production by Application (2018-2029)
6.1.1 Global Superconducting Magnetic Energy Storage (SMES) Technology Production by Application (2018-2023)
6.1.2 Global Superconducting Magnetic Energy Storage (SMES) Technology Production by Application (2024-2029)
6.1.3 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Market Share by Application (2018-2029)
6.2 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Value by Application (2018-2029)
6.2.1 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Value by Application (2018-2023)
6.2.2 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Value by Application (2024-2029)
6.2.3 Global Superconducting Magnetic Energy Storage (SMES) Technology Production Value Market Share by Application (2018-2029)
6.3 Global Superconducting Magnetic Energy Storage (SMES) Technology Price by Application (2018-2029)
7 Key Companies Profiled
7.1 ABB
7.1.1 ABB Superconducting Magnetic Energy Storage (SMES) Technology Corporation Information
7.1.2 ABB Superconducting Magnetic Energy Storage (SMES) Technology Product Portfolio
7.1.3 ABB Superconducting Magnetic Energy Storage (SMES) Technology Production, Value, Price and Gross Margin (2018-2023)
7.1.4 ABB Main Business and Markets Served
7.1.5 ABB Recent Developments/Updates
7.2 American Superconductor Corporation (AMSC)
7.2.1 American Superconductor Corporation (AMSC) Superconducting Magnetic Energy Storage (SMES) Technology Corporation Information
7.2.2 American Superconductor Corporation (AMSC) Superconducting Magnetic Energy Storage (SMES) Technology Product Portfolio
7.2.3 American Superconductor Corporation (AMSC) Superconducting Magnetic Energy Storage (SMES) Technology Production, Value, Price and Gross Margin (2018-2023)
7.2.4 American Superconductor Corporation (AMSC) Main Business and Markets Served
7.2.5 American Superconductor Corporation (AMSC) Recent Developments/Updates
7.3 ASG Superconductors
7.3.1 ASG Superconductors Superconducting Magnetic Energy Storage (SMES) Technology Corporation Information
7.3.2 ASG Superconductors Superconducting Magnetic Energy Storage (SMES) Technology Product Portfolio
7.3.3 ASG Superconductors Superconducting Magnetic Energy Storage (SMES) Technology Production, Value, Price and Gross Margin (2018-2023)
7.3.4 ASG Superconductors Main Business and Markets Served
7.3.5 ASG Superconductors Recent Developments/Updates
7.4 Southwire
7.4.1 Southwire Superconducting Magnetic Energy Storage (SMES) Technology Corporation Information
7.4.2 Southwire Superconducting Magnetic Energy Storage (SMES) Technology Product Portfolio
7.4.3 Southwire Superconducting Magnetic Energy Storage (SMES) Technology Production, Value, Price and Gross Margin (2018-2023)
7.4.4 Southwire Main Business and Markets Served
7.4.5 Southwire Recent Developments/Updates
7.5 Hyper Tech Research
7.5.1 Hyper Tech Research Superconducting Magnetic Energy Storage (SMES) Technology Corporation Information
7.5.2 Hyper Tech Research Superconducting Magnetic Energy Storage (SMES) Technology Product Portfolio
7.5.3 Hyper Tech Research Superconducting Magnetic Energy Storage (SMES) Technology Production, Value, Price and Gross Margin (2018-2023)
7.5.4 Hyper Tech Research Main Business and Markets Served
7.5.5 Hyper Tech Research Recent Developments/Updates
7.6 Nexans
7.6.1 Nexans Superconducting Magnetic Energy Storage (SMES) Technology Corporation Information
7.6.2 Nexans Superconducting Magnetic Energy Storage (SMES) Technology Product Portfolio
7.6.3 Nexans Superconducting Magnetic Energy Storage (SMES) Technology Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Nexans Main Business and Markets Served
7.6.5 Nexans Recent Developments/Updates
7.7 Korea Electrotechnology Research Institute (KERI)
7.7.1 Korea Electrotechnology Research Institute (KERI) Superconducting Magnetic Energy Storage (SMES) Technology Corporation Information
7.7.2 Korea Electrotechnology Research Institute (KERI) Superconducting Magnetic Energy Storage (SMES) Technology Product Portfolio
7.7.3 Korea Electrotechnology Research Institute (KERI) Superconducting Magnetic Energy Storage (SMES) Technology Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Korea Electrotechnology Research Institute (KERI) Main Business and Markets Served
7.7.5 Korea Electrotechnology Research Institute (KERI) Recent Developments/Updates
7.8 Luvata
7.8.1 Luvata Superconducting Magnetic Energy Storage (SMES) Technology Corporation Information
7.8.2 Luvata Superconducting Magnetic Energy Storage (SMES) Technology Product Portfolio
7.8.3 Luvata Superconducting Magnetic Energy Storage (SMES) Technology Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Luvata Main Business and Markets Served
7.7.5 Luvata Recent Developments/Updates
7.9 Bruker Energy & Supercon Technologies
7.9.1 Bruker Energy & Supercon Technologies Superconducting Magnetic Energy Storage (SMES) Technology Corporation Information
7.9.2 Bruker Energy & Supercon Technologies Superconducting Magnetic Energy Storage (SMES) Technology Product Portfolio
7.9.3 Bruker Energy & Supercon Technologies Superconducting Magnetic Energy Storage (SMES) Technology Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Bruker Energy & Supercon Technologies Main Business and Markets Served
7.9.5 Bruker Energy & Supercon Technologies Recent Developments/Updates
7.10 Fujikura
7.10.1 Fujikura Superconducting Magnetic Energy Storage (SMES) Technology Corporation Information
7.10.2 Fujikura Superconducting Magnetic Energy Storage (SMES) Technology Product Portfolio
7.10.3 Fujikura Superconducting Magnetic Energy Storage (SMES) Technology Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Fujikura Main Business and Markets Served
7.10.5 Fujikura Recent Developments/Updates
7.11 Sumitomo Electric Industries
7.11.1 Sumitomo Electric Industries Superconducting Magnetic Energy Storage (SMES) Technology Corporation Information
7.11.2 Sumitomo Electric Industries Superconducting Magnetic Energy Storage (SMES) Technology Product Portfolio
7.11.3 Sumitomo Electric Industries Superconducting Magnetic Energy Storage (SMES) Technology Production, Value, Price and Gross Margin (2018-2023)
7.11.4 Sumitomo Electric Industries Main Business and Markets Served
7.11.5 Sumitomo Electric Industries Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Superconducting Magnetic Energy Storage (SMES) Technology Industry Chain Analysis
8.2 Superconducting Magnetic Energy Storage (SMES) Technology Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Superconducting Magnetic Energy Storage (SMES) Technology Production Mode & Process
8.4 Superconducting Magnetic Energy Storage (SMES) Technology Sales and Marketing
8.4.1 Superconducting Magnetic Energy Storage (SMES) Technology Sales Channels
8.4.2 Superconducting Magnetic Energy Storage (SMES) Technology Distributors
8.5 Superconducting Magnetic Energy Storage (SMES) Technology Customers
9 Superconducting Magnetic Energy Storage (SMES) Technology Market Dynamics
9.1 Superconducting Magnetic Energy Storage (SMES) Technology Industry Trends
9.2 Superconducting Magnetic Energy Storage (SMES) Technology Market Drivers
9.3 Superconducting Magnetic Energy Storage (SMES) Technology Market Challenges
9.4 Superconducting Magnetic Energy Storage (SMES) Technology Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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