Jun, 2019 Others
Global Superconducting Magnetic Energy Storage (SMES) Market Insights, Forecast to 2025
Category by- Others , No. of Pages - 111, Published By - Global QYResearch
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.
The rising concerns regarding climate change are creating a burgeoning demand for green and eco-friendly storage solutions, which in turn is fuelling the demand for SMES systems. In addition, the increasing consumption of renewable sources for energy generation coupled with the depleting fossil fuels is working in favor of the growth of the market. The growing adoption of distributed energy solutions is also providing a fillip to the market.
Moreover, the burgeoning demand for advanced and cost-effective energy storage technologies for on-grid and off-grid applications and in the utility industry is augmenting the global SMES market. Furthermore, the advancements in superconducting materials are influencing the market positively. On the other hand, the participants in the market are threatened by the presence of substitutes such as compressed air energy storage. This is hampering the growth of the market. The high cost of these systems is also limiting their widespread adoption.
The Superconducting Magnetic Energy Storage (SMES) market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Superconducting Magnetic Energy Storage (SMES).
This report presents the worldwide Superconducting Magnetic Energy Storage (SMES) market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Super Power
Hyper Tech Research
Southwire Company
Luvata
Superconductor Technologies
Superconducting Magnetic Energy Storage (SMES) Breakdown Data by Type
Low Temperature SMES
High Temperature SMES
Superconducting Magnetic Energy Storage (SMES) Breakdown Data by Application
Power System
Industrial Use
Research Institution
Others
Superconducting Magnetic Energy Storage (SMES) Production by Region
United States
Europe
China
Japan
Other Regions
Superconducting Magnetic Energy Storage (SMES) Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Superconducting Magnetic Energy Storage (SMES) status and future forecast?involving, production, revenue, consumption, historical and forecast.
To present the key Superconducting Magnetic Energy Storage (SMES) manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Superconducting Magnetic Energy Storage (SMES) :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Superconducting Magnetic Energy Storage (SMES) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
The rising concerns regarding climate change are creating a burgeoning demand for green and eco-friendly storage solutions, which in turn is fuelling the demand for SMES systems. In addition, the increasing consumption of renewable sources for energy generation coupled with the depleting fossil fuels is working in favor of the growth of the market. The growing adoption of distributed energy solutions is also providing a fillip to the market.
Moreover, the burgeoning demand for advanced and cost-effective energy storage technologies for on-grid and off-grid applications and in the utility industry is augmenting the global SMES market. Furthermore, the advancements in superconducting materials are influencing the market positively. On the other hand, the participants in the market are threatened by the presence of substitutes such as compressed air energy storage. This is hampering the growth of the market. The high cost of these systems is also limiting their widespread adoption.
The Superconducting Magnetic Energy Storage (SMES) market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Superconducting Magnetic Energy Storage (SMES).
This report presents the worldwide Superconducting Magnetic Energy Storage (SMES) market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Super Power
Hyper Tech Research
Southwire Company
Luvata
Superconductor Technologies
Superconducting Magnetic Energy Storage (SMES) Breakdown Data by Type
Low Temperature SMES
High Temperature SMES
Superconducting Magnetic Energy Storage (SMES) Breakdown Data by Application
Power System
Industrial Use
Research Institution
Others
Superconducting Magnetic Energy Storage (SMES) Production by Region
United States
Europe
China
Japan
Other Regions
Superconducting Magnetic Energy Storage (SMES) Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Superconducting Magnetic Energy Storage (SMES) status and future forecast?involving, production, revenue, consumption, historical and forecast.
To present the key Superconducting Magnetic Energy Storage (SMES) manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Superconducting Magnetic Energy Storage (SMES) :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Superconducting Magnetic Energy Storage (SMES) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.