Superconducting Magnetic Energy Storage (SMES) Systems Market Size to surge at 10.4% CAGR and Hit USD 83000 million by 2024 - by Top Key Players: American Superconductor Corporation, Super Power Inc, Bruker Energy & Supercon Technologies, Fujikura, Hyper

Market Study Report, LLC, has compiled a detailed study on the Superconducting Magnetic Energy Storage (SMES) Systems Market which provides a brief summary of the growth trends influencing the market. The report also includes significant insights pertaining to the profitability graph, market share, regional proliferation and SWOT analysis of this business vertical. The report further illustrates the status of key players in the competitive setting of the Superconducting Magnetic Energy Storage (SMES) Systems Market, while expanding on their corporate strategies and product offerings.

According to this study, over the next five years the Superconducting Magnetic Energy Storage (SMES) Systems market will register a 10.4% CAGR in terms of revenue, the global market size will reach US$ 83000 million by 2024, from US$ 45800 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Superconducting Magnetic Energy Storage (SMES) Systems business.

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The key manufacturers covered in this report:

• American Superconductor Corporation
• Super Power Inc
• Bruker Energy & Supercon Technologies
• Fujikura
• Hyper Tech Research
• Southwire Company
• Sumitomo Electric Industries, Ltd
• General Cable Superconductors Ltd.
• Nexans SA
• ASG Superconductors SpA
• Luvata U.K.
• SuNam Co., Ltd.
• Superconductor Technologies Inc

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. A typical SMES system includes three parts: superconducting coil, power conditioning system and cryogenically cooled refrigerator. Once the superconducting coil is charged, the current will not decay and the magnetic energy can be stored indefinitely

Currently, there are many producing companies in the world Superconducting Magnetic Energy Storage (SMES) Systems industry, especially in North America, Europe and Japan. The main market players are American Superconductor Corporation, Super Power Inc, Bruker Energy & Supercon Technologies, Fujikura, Hyper Tech Research,Southwire Company US, Sumitomo Electric Industries, Ltd , General Cable Superconductors Ltd., Nexans SA, ASG Superconductors SpA, Luvata U.K., SuNam Co., Ltd. and Superconductor Technologies Inc etc. The revenue of Superconducting Magnetic Energy Storage (SMES) Systems is about 39420 K USD in 2015.

North America is the largest consumption of Superconducting Magnetic Energy Storage (SMES) Systems, with a sales revenue market share nearly 35.33% in 2015.The second place is Europe; following North America with the sales revenue market share over 25.37% in 2015. Japan is another important consumption market of Superconducting Magnetic Energy Storage (SMES) Systems.

This report presents a comprehensive overview, market shares, and growth opportunities of Superconducting Magnetic Energy Storage (SMES) Systems market by product type, application, key manufacturers and key regions and countries.

This study considers the Superconducting Magnetic Energy Storage (SMES) Systems value and volume generated from the sales of the following segments:

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Segmentation by product type:

Low Temperature SMES
High Temperature SMES

Segmentation by application:

Power System
Industrial Use
Research Institution
Others

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Superconducting Magnetic Energy Storage (SMES) Systems consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.

To understand the structure of Superconducting Magnetic Energy Storage (SMES) Systems market by identifying its various subsegments.

Focuses on the key global Superconducting Magnetic Energy Storage (SMES) Systems manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Superconducting Magnetic Energy Storage (SMES) Systems with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Superconducting Magnetic Energy Storage (SMES) Systems submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents

2019-2024 Global Superconducting Magnetic Energy Storage (SMES) Systems Consumption Market Report

1 Scope of the Report

2 Executive Summary

3 Global Superconducting Magnetic Energy Storage (SMES) Systems by Players

4 Superconducting Magnetic Energy Storage (SMES) Systems by Regions

5 Americas

6 APAC

7 Europe

8 Middle East & Africa

9 Market Drivers, Challenges and Trends

10 Marketing, Distributors and Customer

11 Global Superconducting Magnetic Energy Storage (SMES) Systems Market Forecast

12 Key Players Analysis

13 Research Findings and Conclusion

Complete report at https://www.marketstudyreport.com/reports/global-superconducting-magnetic-energy-storage-smes-systems-market-growth-2019-2024?utm_source=openpr.com&utm_medium=Abhijeet

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