Global Superconducting Magnetic Energy Storage (SMES) Systems Industry

Global Superconducting Magnetic Energy Storage (SMES) Systems Industry

  • April 2021 •
  • 118 pages •
  • Report ID: 1861849 •
  • Format: PDF
Abstract:
- Global Superconducting Magnetic Energy Storage (SMES) Systems Market to Reach $81.3 Billion by 2027
- Amid the COVID-19 crisis, the global market for Superconducting Magnetic Energy Storage (SMES) Systems estimated at US$44.6 Billion in the year 2020, is projected to reach a revised size of US$81.3 Billion by 2027, growing at a CAGR of 9% over the period 2020-2027.
- The U.S. Market is Estimated at $12.1 Billion, While China is Forecast to Grow at 11.9% CAGR
- The Superconducting Magnetic Energy Storage (SMES) Systems market in the U.S. is estimated at US$12.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$17 Billion by the year 2027 trailing a CAGR of 11.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 7.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7% CAGR.

- Select Competitors (Total 22 Featured) -
  • 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
  • SuNam Co. Ltd.
  • Superconductor Technologies Inc.
  • SuperPower Inc.