The global superconducting magnetic energy storage market is expected to grow at a CAGR of around 8.5% during the forecast period, from 2021 to 2030. The growth of this market is mainly driven by the increasing demand for renewable energy sources and the need for efficient power transmission and distribution systems. The increasing demand for electric vehicles is also driving the growth of this market.
The global superconducting magnetic energy storage market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into low-temperature superconductors and high-temperature superconductors; on the basis of application, it can be divided into power system, industrial use, research institution; on the basis of region it can be divided into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) and Middle East & Africa (MEA).
Some Of The Growth Factors Of This Market:
- The increasing demand for renewable energy sources is one of the major factors driving the growth of this market.
- Increasing investments in research and development activities by key players in this market are also driving its growth.
- The increasing need for power grid stability and reliability is another factor that will drive the growth of this market during the forecast period, as it helps to reduce power outages and blackouts, which can be caused due to sudden fluctuations in supply or demand for electricity from utilities or other sources such as solar panels or wind turbines, respectively.
- Increasing awareness about environmental issues such as climate change and air pollution are also driving the growth of this market.
Industry Growth Insights published a new data on “Superconducting Magnetic Energy Storage Market”. The research report is titled “Superconducting Magnetic Energy Storage Market research by Types (Low-Temperature Superconductors, High-Temperature Superconductors), By Applications (Power System, Industrial Use, Research Institution, Others), By Players/Companies Fujikura, Hyper Tech Research, Southwire, Sumitomo Electric Industries, General Cable Superconductors, Nexans SA, ASG Superconductors SpA, Luvata U.K., SuNam, Superconductor Technologies, American Superconductor Corporation, Super Power Inc, Bruker Energy & Supercon Technologies”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Superconducting Magnetic Energy Storage Market Research Report
By Type
Low-Temperature Superconductors, High-Temperature Superconductors
By Application
Power System, Industrial Use, Research Institution, Others
By Companies
Fujikura, Hyper Tech Research, Southwire, Sumitomo Electric Industries, General Cable Superconductors, Nexans SA, ASG Superconductors SpA, Luvata U.K., SuNam, Superconductor Technologies, American Superconductor Corporation, Super Power Inc, Bruker Energy & Supercon Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Superconducting Magnetic Energy Storage Market Report Segments:
The global Superconducting Magnetic Energy Storage market is segmented on the basis of:
Types
Low-Temperature Superconductors, High-Temperature Superconductors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power System, Industrial Use, Research Institution, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fujikura
- Hyper Tech Research
- Southwire
- Sumitomo Electric Industries
- General Cable Superconductors
- Nexans SA
- ASG Superconductors SpA
- Luvata U.K.
- SuNam
- Superconductor Technologies
- American Superconductor Corporation
- Super Power Inc
- Bruker Energy & Supercon Technologies
Highlights of The Superconducting Magnetic Energy Storage Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low-Temperature Superconductors
- High-Temperature Superconductors
- By Application:
- Power System
- Industrial Use
- Research Institution
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Superconducting Magnetic Energy Storage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Superconducting Magnetic Energy Storage (SMES) is a technology that uses superconducting magnets to store energy. When the power is needed, the magnets can release the stored energy quickly and efficiently. SMES could be used in places where there is no grid or an unreliable grid, such as in remote areas or during natural disasters.
Some of the major players in the superconducting magnetic energy storage market are Fujikura, Hyper Tech Research, Southwire, Sumitomo Electric Industries, General Cable Superconductors, Nexans SA, ASG Superconductors SpA, Luvata U.K., SuNam, Superconductor Technologies, American Superconductor Corporation, Super Power Inc, Bruker Energy & Supercon Technologies.
The superconducting magnetic energy storage market is expected to register a CAGR of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Superconducting Magnetic Energy Storage Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Superconducting Magnetic Energy Storage Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Superconducting Magnetic Energy Storage Market - Supply Chain
4.5. Global Superconducting Magnetic Energy Storage Market Forecast
4.5.1. Superconducting Magnetic Energy Storage Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Superconducting Magnetic Energy Storage Market Size (000 Units) and Y-o-Y Growth
4.5.3. Superconducting Magnetic Energy Storage Market Absolute $ Opportunity
5. Global Superconducting Magnetic Energy Storage Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Type
5.3.1. Low-Temperature Superconductors
5.3.2. High-Temperature Superconductors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Superconducting Magnetic Energy Storage Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Application
6.3.1. Power System
6.3.2. Industrial Use
6.3.3. Research Institution
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Superconducting Magnetic Energy Storage Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Superconducting Magnetic Energy Storage Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Superconducting Magnetic Energy Storage Demand Share Forecast, 2019-2026
9. North America Superconducting Magnetic Energy Storage Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Application
9.4.1. Power System
9.4.2. Industrial Use
9.4.3. Research Institution
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Type
9.7.1. Low-Temperature Superconductors
9.7.2. High-Temperature Superconductors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Superconducting Magnetic Energy Storage Demand Share Forecast, 2019-2026
10. Latin America Superconducting Magnetic Energy Storage Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Application
10.4.1. Power System
10.4.2. Industrial Use
10.4.3. Research Institution
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Type
10.7.1. Low-Temperature Superconductors
10.7.2. High-Temperature Superconductors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Superconducting Magnetic Energy Storage Demand Share Forecast, 2019-2026
11. Europe Superconducting Magnetic Energy Storage Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Application
11.4.1. Power System
11.4.2. Industrial Use
11.4.3. Research Institution
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Type
11.7.1. Low-Temperature uperconductors
11.7.2. High-Temperature Superconductors
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Superconducting Magnetic Energy Storage Demand Share, 2019-2026
12. Asia Pacific Superconducting Magnetic Energy Storage Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Application
12.4.1. Power System
12.4.2. Industrial Use
12.4.3. Research Institution
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Type
12.7.1. Low-Temperature Superconductors
12.7.2. High-Temperature Superconductors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Superconducting Magnetic Energy Storage Demand Share, 2019-2026
13. Middle East & Africa Superconducting Magnetic Energy Storage Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Application
13.4.1. Power System
13.4.2. Industrial Use
13.4.3. Research Institution
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Superconducting Magnetic Energy Storage Market Size and Volume Forecast by Type
13.7.1. Low-Temperature Superconductors
13.7.2. High-Temperature Superconductors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Superconducting Magnetic Energy Storage Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Superconducting Magnetic Energy Storage Market: Market Share Analysis
14.2. Superconducting Magnetic Energy Storage Distributors and Customers
14.3. Superconducting Magnetic Energy Storage Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Fujikura
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hyper Tech Research
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Southwire
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sumitomo Electric Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. General Cable Superconductors
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nexans SA
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ASG Superconductors SpA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Luvata U.K.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SuNam
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Superconductor Technologies
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. American Superconductor Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Super Power Inc
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Bruker Energy & Supercon Technologies
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
