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Global Superconducting Magnetic Energy Storage (SMES) Systems Industry

Global Superconducting Magnetic Energy Storage (SMES) Systems Industry

  • February 2020
  • 116 pages
  • ID: 1861849
  • Format: PDF
  • By Global Industry Analysts

Summary

Table of Contents

Superconducting Magnetic Energy Storage (SMES) Systems market worldwide is projected to grow by US$38.8 Billion, driven by a compounded growth of 10.1%. Superconducting Magnetic Energy Storage (SMES) Systems, one of the segments analyzed and sized in this study, displays the potential to grow at over 10.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$79 Billion by the year 2025, Superconducting Magnetic Energy Storage (SMES) Systems will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 8.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.6 Billion to the region’s size and clout in the next 5 to 6 years. Over US$1.3 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Superconducting Magnetic Energy Storage (SMES) Systems will reach a market size of US$4.5 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 13.1% over the next couple of years and add approximately US$9.2 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others,

  • ABB Inc.
  • American Superconductor Corporation
  • ASG Superconductors SpA
  • Babcock Noell GmbH
  • Beijing Innopower Superconductor Cable Co. Ltd
  • Bruker Energy & Supercon Technologies
  • Fujikura Ltd.
  • Hyper Tech Research Inc.
  • Luvata U.K. Ltd
  • Nexans SA
  • Southwire Company LLC
  • Sumitomo Electric Industries Ltd
  • Superconductor Technologies Inc.
  • SuperPower Inc.
  • SuNam Co. Ltd.

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