Press release
Superconducting Magnetic Energy Storage (SMES) Market Key Regions Market Potential and Advantage, Opportunity and Challenge, Restraints
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2013 to 2018.
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.
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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.
In 2018, the market size of Superconducting Magnetic Energy Storage (SMES) is xx million US$ and it will reach xx million US in 2025, growing at a CAGR of xx% from 2018; while in China, the market size is valued at xx million US$ and will increase to xx million US in 2025, with a CAGR of xx% during forecast period.
Get more Information about this Report: https://www.qyresearch.com/index/detail/835763/global-united-states-european-union-and-china-superconducting-magnetic-energy-storage-smes-market
In this report, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Superconducting Magnetic Energy Storage (SMES).
In United States, European Union and China market, the following companies are covered:
Super Power
Hyper Tech Research
Southwire Company
Luvata
Superconductor Technologies
...
Market Segment by Product Type
Low Temperature SMES
High Temperature SMES
Market Segment by Application
Power System
Industrial Use
Research Institution
Others
Key Regions split in this report:
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
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The study objectives are:
To analyze and research the Superconducting Magnetic Energy Storage (SMES) status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Superconducting Magnetic Energy Storage (SMES) manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies 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
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