Global Superconducting Magnetic Energy Storage (SMES) Systems Market 2025 by Company, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Superconducting Magnetic Energy Storage (SMES) Systems market size was valued at US$ 78.7 million in 2024 and is forecast to a readjusted size of USD 138 million by 2031 with a CAGR of 8.4% during review period.

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 Note: In the report, production Revenue (value)is based on the production statistics of Superconducting Magnetic Energy Storage (SMES) systems manufacturers. And consumption value is based on the downstream customer's consumption statistics of Superconducting Magnetic Energy Storage (SMES) systems.

As electrical grids worldwide age, SMES systems are being adopted to improve reliability and prevent outages in existing infrastructure.

Increasing demand for high-quality power, especially in industries like healthcare, data centers, and manufacturing, drives the need for SMES systems that can mitigate voltage sags, spikes, and harmonics.

Governments and organizations worldwide are focusing on achieving net-zero emissions, which promotes the adoption of renewable energy technologies. SMES systems address the intermittency of renewable energy sources by storing excess power during peak production and discharging it when generation is low.

Progress in HTS materials reduces cooling requirements and costs, making SMES systems more viable for commercial applications. Innovations in superconducting materials and cryogenics allow for smaller, more efficient SMES systems suitable for diverse applications. Technological advancements have led to near-perfect efficiency in energy storage and retrieval, making SMES a preferred option for specific high-performance applications.

This report is a detailed and comprehensive analysis for global Superconducting Magnetic Energy Storage (SMES) Systems market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Superconducting Magnetic Energy Storage (SMES) Systems market size and forecasts, in consumption value ($ Million), 2020-2031

Global Superconducting Magnetic Energy Storage (SMES) Systems market size and forecasts by region and country, in consumption value ($ Million), 2020-2031

Global Superconducting Magnetic Energy Storage (SMES) Systems market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031

Global Superconducting Magnetic Energy Storage (SMES) Systems market shares of main players, in revenue ($ Million), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Superconducting Magnetic Energy Storage (SMES) Systems

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Superconducting Magnetic Energy Storage (SMES) Systems market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include American Superconductor, Bruker, SuperPower, Fujikura, Hyper Tech Research, Southwire Company, Sumitomo Electric Industries, ASG Superconductors, Nexans, Luvata, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market segmentation

Superconducting Magnetic Energy Storage (SMES) Systems market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Low Temperature SMES
High Temperature SMES

Market segment by Application
Industrial Energy Storage
Renewable Energy Storage
Other

Market segment by players, this report covers
American Superconductor
Bruker
SuperPower
Fujikura
Hyper Tech Research
Southwire Company
Sumitomo Electric Industries
ASG Superconductors
Nexans
Luvata
SuNam

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Superconducting Magnetic Energy Storage (SMES) Systems product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Superconducting Magnetic Energy Storage (SMES) Systems, with revenue, gross margin, and global market share of Superconducting Magnetic Energy Storage (SMES) Systems from 2020 to 2025.

Chapter 3, the Superconducting Magnetic Energy Storage (SMES) Systems competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and Superconducting Magnetic Energy Storage (SMES) Systems market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Superconducting Magnetic Energy Storage (SMES) Systems.

Chapter 13, to describe Superconducting Magnetic Energy Storage (SMES) Systems research findings and conclusion.