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World Superconducting Magnetic Energy Storage (SMES) Systems Industry

  • February 2015
  • -
  • Global Industry Analysts
  • -
  • 140 pages

This report analyzes the worldwide markets for Superconducting Magnetic Energy Storage (SMES) Systems in US$ Thousands. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2014 through 2020. Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 23 companies including many key and niche players such as -

ABB, Inc.
American Superconductor Corporation
ASG Superconductors SpA
Beijing Innopower Superconductor Cable Co., Ltd.
Bruker Energy & Supercon Technologies

Table Of Contents

World Superconducting Magnetic Energy Storage (SMES) Systems Industry



I. INTRODUCTION, METHODOLOGY and PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation and Reporting Level I-2
Quantitative Techniques and Analytics I-3
Product Definition and Scope of Study I-3


II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW II-1
Why Energy Storage? II-1
SMES: A Promising Energy Storage Technology II-3
How Significant is SMES for Power Utilities? II-4
Effect of Energy Storage System Integration in Power Grid at
Different Levels II-5
Focus on Green Energy Storage Bodes Well for SMES Systems II-5
Development of Superconducting Materials: Essential for
Market's Progress II-6
RandD Efforts Focused on Addressing Cost Issues and Storage
Capacity in SMES Systems II-6
Rapid Charging and Discharging and Minimizing Energy Losses:
Major Advantages II-7
Growing Need to Develop SMES Systems with Larger Power Storage
Capacities II-7
High Cost: A Major Obstacle to Adoption in Large-Scale
Applications II-8
Challenges Faced in Deployment of SMES Systems II-9
Competitive Landscape II-9
Focus on Sustainable Power Sourcing Enhances Significance of
Energy Storage II-10
Table 1: Targets for Electricity Production from Renewable
Energy Sources in Select Countries II-11
Table 2: % of Renewable Sources in Electricity Production for
Select Countries (includes corresponding Graph/Chart) II-13
Why Energy Storage Can Be a Game Changer for Renewable Energy? II-14
Focus on Energy Efficiency to Drive Prospects for Energy Storage II-14
Rising Renewable Energy Consumption to Drive Energy Storage
Market II-15
Table 3: World Installed Capacity of Wind Power (in MW) by
Geographic Region (2014 and 2020) (includes corresponding
Graph/Chart) II-16
Assessing the Significance of Storage Technologies in
Distributed Generation II-17
The Business Case for Installing Energy Storage Systems in DERs II-17
Microgrids - Driving Energy Storage in the Future II-18
Table 4: A Glance at Largest Power Blackouts/ Outages
Worldwide II-19
New Projects and Government Mandates to Stimulate Energy
Storage Market II-19
Incentives and Standards: Key to Promoting Energy Storage
Technologies II-20

2. ENERGY STORAGE SYSTEMS - AN OVERVIEW II-21
Power Grid: From Generation to Distribution II-21
World Electricity Generation and Demand: A Review II-21
Table 5: Worldwide Net Electricity Generation (2010, 2020,
2030 and 2040): Breakdown by Fuel Source (in Trillion kWh and
%Share) (includes corresponding Graph/Chart) II-22

Table 6: Top Electricity Consumers Worldwide - Ranked by
Electricity Consumed in Million MWh (includes corresponding
Graph/Chart) II-23

Table 7: Leading Power Consuming Countries Worldwide: Ranked
by Per Capita Electricity Consumption in ‘000 kWh (includes
corresponding Graph/Chart) II-24
Introduction to Grid Energy Storage II-25
Types of Energy Storage Systems II-26
A Comparative Review of Energy Storage Devices II-27
Table 8: Comparison of Power Investment Costs and Energy
Investments Costs for Advanced Energy Storage Technologies II-27
Characteristics of Energy Storage Technologies II-28
Applications of Various Energy Storage Technologies II-28
Super Capacitor Energy Storage (SCES) II-29
Compressed Air Energy Storage System (CAES) II-30
Flywheel Energy Storage System (FESS) II-30
Pumped Hydro Energy Storage Systems (PHESS) II-30
Battery Energy Storage Systems (BESS) II-31
Major Functions of Energy Storage Technologies II-31
The Current State of Energy Storage II-32
Table 9: Installed Grid-Connected Storage Capacity Worldwide
by Technology (MW) II-32

3. PRODUCT OVERVIEW II-33
Superconducting Magnetic Energy Storage (SMES) System: An
Introduction II-33
Components of SMES System II-33
Block Diagram of SMES System II-34
Representation of a Superconducting Magnetic Energy Storage
(SMES) System II-34
Superconducting Coil II-34
High-Temperature Vs Low-Temperature Superconductors II-35
Why HTSC System Costs More? II-35
Cryogenic Refrigerator II-36
Power Conversion System II-36
Control System II-36
Operation of SMES II-36
Performance Capabilities of SMES II-37
Solenoid Vs Toroid II-37
A Glance at Major Applications of SMES Systems II-37
Power System Applications of SMES Technology II-38
Cost Components of SMES System II-39
Advantages of SMES Vs Other Systems for Energy Storage II-40
System Stability II-40
Power Quality II-41
Load leveling II-41
Drawbacks of SMES II-41
Economic Viability of SMES Systems II-42
Current Efforts in SMES Space II-42
U.S. Department of Energy (DOE)'s ARPA-E Program II-42
Use of SMES Technology in Defense and Space Applications II-42

4. RECENT INDUSTRY ACTIVITY II-44
SuperPower Establishes Testing Systems for 2G High Temperature
Supeconductors II-44
Superconductor Technologies Develops Conductus®
Superconducting Wire II-44
Grid Logic Receives Grant from NextEnergy to Develop
Superconductor Applications II-44
Bruker Launches Ascendâ„¢ Aeon 600 MHz and Ascendâ„¢ Aeon 700 MHz
Superconducting Magnet Systems II-44
SuperPower Unveils Range of HTS Products II-44
SuperPower in Collaboration with Program Partners Make Headway
in SMES Projects II-44
Fujikura Develops Largest Yttrium-based 5T HTS Magnet II-45
Furukawa Electric Takes Over SuperPower from Philips Group II-45
Chubu Electric Power to Develop SMES System II-45
Fujikura Introduces New Yttrium-based Superconducting Magnet II-45

5. FOCUS ON SELECT PLAYERS II-46
ABB, Inc. (US) II-46
American Superconductor Corporation (US) II-46
ASG Superconductors SpA (Italy) II-47
Columbus Superconductors SpA (Italy) II-47
Beijing Innopower Superconductor Cable Co., Ltd (China) II-47
Bruker Energy and Supercon Technologies (US) II-48
Fujikura Ltd. (Japan) II-48
General Cable Superconductors Ltd. (New Zealand) II-49
Hyper Tech Research, Inc. (US) II-49
Luvata U.K. Ltd (UK) II-49
Nexans SA (France) II-50
Southwire Company (US) II-50
Sumitomo Electric Industries, Ltd (Japan) II-51
Superconductor Technologies, Inc. (US) II-51
SuperPower, Inc. (US) II-52
SuNam Co., Ltd. (South Korea) II-53

6. GLOBAL MARKET PERSPECTIVE II-54
Table 10: World Recent Past, Current and Future Analysis for
Superconducting Magnetic Energy Storage Systems by Geographic
Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan) and Rest of World Markets Independently Analyzed with
Annual Sales Figures in US$ Thousand for Years 2014 through
2020 (includes corresponding Graph/Chart) II-54

Table 11: World Historic Review for Superconducting Magnetic
Energy Storage Systems by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan) and Rest of
World Markets Independently Analyzed with Annual Sales Figures
in US$ Thousand for Years 2009 through 2013 (includes
corresponding Graph/Chart) II-55

Table 12: World 12-Year Perspective for Superconducting
Magnetic Energy Storage Systems by Geographic Region -
Percentage Breakdown of Dollar Sales for US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan) and Rest of World
Markets for Years 2009, 2015 and 2020 (includes corresponding
Graph/Chart) II-56


III. MARKET

1. THE UNITED STATES III-1
A.Market Analysis III-1
Outlook III-1
Power Grid Woes Turn Focus onto Storage Technologies III-1
Limitations of Power Grid Necessitate Use of Energy Storage
Devices III-2
Table 13: Power Grid Energy Storage in the US (2014):
Percentage Share Breakdown of Capacity by Type of
Technology (includes corresponding Graph/Chart) III-2

Table 14: Energy Storage Technologies Deployed in the US III-3
Legislations Encourage Energy Storage Market III-3
US States Establish Energy Storage Mandates III-4
Rising Investments in Energy Storage Solutions III-4
Strategic Corporate Developments III-5
Key Players III-6
B.Market Analytics III-10
Table 15: US Recent Past, Current and Future Analysis for
Superconducting Magnetic Energy Storage Systems Market
Analyzed with Annual Sales Figures in US$ Thousand for Years
2014 through 2020 (includes corresponding Graph/Chart) III-10

Table 16: US Historic Review for Superconducting Magnetic
Energy Storage Systems Market Analyzed with Annual Sales
Figures in US$ Thousand for Years 2009 through 2013
(includes corresponding Graph/Chart) III-11

2. CANADA III-12
Market Analysis III-12
Table 17: Canadian Recent Past, Current and Future Analysis
for Superconducting Magnetic Energy Storage Systems Market
Analyzed with Annual Sales Figures in US$ Thousand for Years
2014 through 2020 (includes corresponding Graph/Chart) III-12

Table 18: Canadian Historic Review for Superconducting
Magnetic Energy Storage Systems Market Analyzed with Annual
Sales Figures in US$ Thousand for Years 2009 through 2013
(includes corresponding Graph/Chart) III-13

3. JAPAN III-14
A.Market Analysis III-14
Outlook III-14
Strategic Corporate Developments III-14
Key Players III-15
B.Market Analytics III-16
Table 19: Japanese Recent Past, Current and Future Analysis
for Superconducting Magnetic Energy Storage Systems Market
Analyzed with Annual Sales Figures in US$ Thousand for Years
2014 through 2020 (includes corresponding Graph/Chart) III-16

Table 20: Japanese Historic Review for Superconducting
Magnetic Energy Storage Systems Market Analyzed with Annual
Sales Figures in US$ Thousand for Years 2009 through 2013
(includes corresponding Graph/Chart) III-17

4. EUROPE III-18
A.Market Analysis III-18
Outlook III-18
Energy Storage in the EU III-18
Energy Associations Draw Up Roadmap for Developing Energy
Storage Technologies III-18
B.Market Analytics III-19
Table 21: European Recent Past, Current and Future Analysis
for Superconducting Magnetic Energy Storage Systems by
Geographic Region - France, Germany, Italy, UK and Rest of
Europe Markets Independently Analyzed with Annual Sales
Figures in US$ Thousand for Years 2014 through 2020
(includes corresponding Graph/Chart) III-19

Table 22: European Historic Review for Superconducting
Magnetic Energy Storage Systems by Geographic Region -
France, Germany, Italy, UK and Rest of Europe Markets
Independently Analyzed with Annual Sales Figures in US$
Thousand for Years 2009 through 2013 (includes corresponding
Graph/Chart) III-20

Table 23: European 12-Year Perspective for Superconducting
Magnetic Energy Storage Systems by Geographic Region -
Percentage Breakdown of Dollar Sales for France, Germany,
Italy, UK and Rest of Europe Markets for Years 2009, 2015 and
2020 (includes corresponding Graph/Chart) III-21

4a. FRANCE III-22
A.Market Analysis III-22
Outlook III-22
Nexans SA - A Major Player III-22
B.Market Analytics III-23
Table 24: French Recent Past, Current and Future Analysis for
Superconducting Magnetic Energy Storage Systems Market
Analyzed with Annual Sales Figures in US$ Thousand for Years
2014 through 2020 (includes corresponding Graph/Chart) III-23

Table 25: French Historic Review for Superconducting
Magnetic Energy Storage Systems Market Analyzed with Annual
Sales Figures in US$ Thousand for Years 2009 through 2013
(includes corresponding Graph/Chart) III-24

4b. GERMANY III-25
A.Market Analysis III-25
Outlook III-25
Table 26: Power Supply Mix in Germany (2013): Percentage
Share Breakdown of Capacity by Supply Source (includes
corresponding Graph/Chart) III-25
Strategic Corporate Development III-25
B.Market Analytics III-26
Table 27: German Recent Past, Current and Future Analysis for
Superconducting Magnetic Energy Storage Systems Market
Analyzed with Annual Sales Figures in US$ Thousand for Years
2014 through 2020 (includes corresponding Graph/Chart) III-26

Table 28: German Historic Review for Superconducting
Magnetic Energy Storage Systems Market Analyzed with Annual
Sales Figures in US$ Thousand for Years 2009 through 2013
(includes corresponding Graph/Chart) III-27

4c. ITALY III-28
A.Market Analysis III-28
Outlook III-28
Key Players III-28
B.Market Analytics III-29
Table 29: Italian Recent Past, Current and Future Analysis for
Superconducting Magnetic Energy Storage Systems Market
Analyzed with Annual Sales Figures in US$ Thousand for Years
2014 through 2020 (includes corresponding Graph/Chart) III-29

Table 30: Italian Historic Review for Superconducting
Magnetic Energy Storage Systems Market Analyzed with Annual
Sales Figures in US$ Thousand for Years 2009 through 2013
(includes corresponding Graph/Chart) III-30

4d. THE UNITED KINGDOM III-31
A.Market Analysis III-31
Outlook III-31
Luvata U.K. Ltd - A Key Player III-31
B.Market Analytics III-32
Table 31: UK Recent Past, Current and Future Analysis for
Superconducting Magnetic Energy Storage Systems Market
Analyzed with Annual Sales Figures in US$ Thousand for Years
2014 through 2020 (includes corresponding Graph/Chart) III-32

Table 32: UK Historic Review for Superconducting Magnetic
Energy Storage Systems Market Analyzed with Annual Sales
Figures in US$ Thousand for Years 2009 through 2013
(includes corresponding Graph/Chart) III-33

4e. REST OF EUROPE III-34
Market Analysis III-34
Table 33: Rest of Europe Recent Past, Current and Future
Analysis for Superconducting Magnetic Energy Storage Systems
Market Analyzed with Annual Sales Figures in US$ Thousand
for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-34

Table 34: Rest of Europe Historic Review for Superconducting
Magnetic Energy Storage Systems Market Analyzed with Annual
Sales Figures in US$ Thousand for Years 2009 through 2013
(includes corresponding Graph/Chart) III-35

5. ASIA-PACIFIC III-36
A.Market Analysis III-36
Outlook III-36
Asia: Active Proponent of Energy Storage Technologies III-36
Table 35: Grid-Scale Energy Storage Systems Market in Asia
(2014E): Percentage Share Breakdown of Revenues by Country
- China, South Korea, India, and Others (includes
corresponding Graph/Chart) III-37
Growth Drivers of Energy Storage Technologies in Asia III-37
China: Government Support Driving Growth in the Field of
Superconductivity III-38
South Korea III-39
Korea Looks to Renewables to Meet Rising Power Demands III-39
Government Promotes Energy Storage Technologies III-39
Key Players III-40
B.Market Analytics III-41
Table 36: Asia-Pacific Recent Past, Current and Future
Analysis for Superconducting Magnetic Energy Storage Systems
Market Analyzed with Annual Sales Figures in US$ Thousand
for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-41

Table 37: Asia-Pacific Historic Review for Superconducting
Magnetic Energy Storage Systems Market Analyzed with Annual
Sales Figures in US$ Thousand for Years 2009 through 2013
(includes corresponding Graph/Chart) III-42

6. REST OF WORLD III-43
Market Analysis III-43
Table 38: Rest of World Recent Past, Current and Future
Analysis for Superconducting Magnetic Energy Storage Systems
Market Analyzed with Annual Sales Figures in US$ Thousand
for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-43

Table 39: Rest of World Historic Review for Superconducting
Magnetic Energy Storage Systems Market Analyzed with Annual
Sales Figures in US$ Thousand for Years 2009 through 2013
(includes corresponding Graph/Chart) III-44


IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 23 (including Divisions/Subsidiaries - 25)

The United States (10)
Japan (5)
Europe (6)
- France (1)
- Germany (1)
- The United Kingdom (2)
- Italy (2)
Asia-Pacific (Excluding Japan) (4)

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