Global Superconducting Magnetic Energy Storage (SMES) Systems Market Research Report 2024

Global Superconducting Magnetic Energy Storage (SMES) Systems Market Research Report 2024

The global Superconducting Magnetic Energy Storage (SMES) Systems market was valued at US$ 70.24 million in 2023 and is anticipated to reach US$ 141.94 million by 2030, witnessing a CAGR of 10.44% during the forecast period 2024-2030.

North American market for Superconducting Magnetic Energy Storage (SMES) Systems is estimated to increase from $ 29.56 million in 2023 to reach $ 57.42 million by 2030, at a CAGR of 9.89% during the forecast period of 2024 through 2030.

Asia-Pacific market for Superconducting Magnetic Energy Storage (SMES) Systems is estimated to increase from $ 21.18 million in 2023 to reach $ 47.25 million by 2030, at a CAGR of 11.87% during the forecast period of 2024 through 2030.

The major global companies of Superconducting Magnetic Energy Storage (SMES) Systems include American Superconductor Corporation, SuperPower, Bruker, Fujikura, Hyper Tech Research, Southwire Company, Sumitomo Electric Industries, Nexans, and ASG Superconductors, etc. In 2023, the world's top three vendors accounted for approximately 33.53 % of the revenue.

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.

The Superconducting Magnetic Energy Storage (SMES) Systems market size, estimations, and forecasts are provided in terms of and 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 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

Bruker

SuperPower

Fujikura

Hyper Tech Research

Southwire Company

Sumitomo Electric Industries

ASG Superconductors

Nexans

Luvata

SuNam

Segment by Type

Low Temperature SMES

High Temperature SMES

Segment by Application

Industrial Energy Storage

Renewable Energy Storage

Other

By Region

North America

United States

Canada

Asia-Pacific

China

Japan

South Korea

Southeast Asia

India

Rest of Asia- Pacific

Europe

Germany

France

U.K.

Italy

Rest of Europe

Rest of World

Brazil

Others

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 company 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 North America, Europe, Asia Pacific, Rest of World 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 10: 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, etc.

Chapter 11: The main points and conclusions of the report.