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Global Superconducting Magnetic Energy Storage Market 2017-2021

Global Superconducting Magnetic Energy Storage Market 2017-2021

About Superconducting Magnetic Energy Storage

Superconducting magnetic energy storage is a technique of energy storage, in which current will continue to flow in a superconductor even after the voltage from it has been removed. Superconductor coil has a negligible resistance when it is cooled below its critical temperature. Hence, current will continue to flow even after a voltage or power source is disconnected.

Technavio’s analysts forecast the global superconducting magnetic energy storage market to grow at a CAGR of 6.37% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global superconducting magnetic energy storage market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Superconducting Magnetic Energy Storage Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • AMERICAN SUPERCONDUCTOR
  • Bruker
  • Southwire
  • Sumitomo Electric Industries
  • SuperPower
Other prominent vendors
  • ABB
  • ASG Superconductors
  • Fujikura
  • General Cable Technologies
  • Luvata
  • Nexans
  • Superconductor Technologies
Market driver
  • Rise in use of renewable resources
  • For a full, detailed list, view our report
Market challenge
  • High cost associated with implementation
  • For a full, detailed list, view our report
Market trend
  • Increasing grid modernization
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Superconducting Magnetic Energy Storage Market 2017-2021
Technavio recognizes the following companies as the key players in the global superconducting magnetic energy storage market: AMERICAN SUPERCONDUCTOR, Bruker, Southwire, Sumitomo Electric Industries and SuperPower.
Other Prominent Vendors in the market are: ABB, ASG Superconductors, Fujikura, General Cable Technologies, Luvata, Nexans, Superconductor Technologies.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing grid modernization. The aging power infrastructure, need for mitigation of cybersecurity risks, and the addition of new resources to the grid have compelled the electricity industry to look for ways to make the grid reliable, protect it against cybersecurity, and increase flexibility to make rapid changes according to supply and demand conditions.”
According to the report, one driver in the market is rise in use of renewable resources. Energy insecurities have led governments worldwide to focus on alternate sources of power for the future. The rising concerns over carbon emissions from power plants have made it necessary to switch to gas-powered plants and renewable sources for electricity generation. A significant amount has been invested in the renewable sources for cleaner power generation, which has increased the year-over-year renewable installed capacity.
Further, the report states that one challenge in the market is high cost associated with implementation. The cost of upgrading smart grid systems includes additional costs, such as the cost of distribution systems, replacement of transmission lines, substation digitization, power delivering systems, and digital controls. Consequently, power utilities and independent power producers (IPPs) face the prospect of huge initial capital investment.

Companies Mentioned

AMERICAN SUPERCONDUCTOR, Bruker, Southwire, Sumitomo Electric Industries, SuperPower, ABB, ASG Superconductors, Fujikura, General Cable Technologies, Luvata, Nexans, Superconductor Technologies.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Energy storage system overview
        • Table Different energy storage systems
    • Superconducting magnetic energy storage systems overview
      • Table Superconducting magnetic energy storage system illustration
      • Table Magnetic energy storage in closed circuited superconducting coil
      • Table Superconducting magnetic energy storage system integrated with smart grid
      • Table Superconducting magnetic energy storage with power plant T&D
  • Market landscape
    • Market overview
      • Table Global superconducting magnetic energy storage market segmentation
    • Global superconducting magnetic energy storage market
      • Table Global superconducting magnetic energy storage market 2016-2021 ($ millions)
      • Table Superconducting magnetic energy storage system block diagram
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by geography
    • Global superconducting magnetic energy storage market by geography
      • Table Global superconducting magnetic energy storage market by geography 2016 and 2021 (%)
      • Table Global superconducting magnetic energy storage market by geography 2016-2021 ($ millions)
    • Superconducting magnetic energy storage market in APAC
      • Table Superconducting magnetic energy storage market in APAC 2016-2021 ($ millions)
    • Superconducting magnetic energy storage market in Americas
      • Table Superconducting magnetic energy storage market in Americas 2016-2021 ($ millions)
    • Superconducting magnetic energy storage market in EMEA
      • Table Superconducting magnetic energy storage market in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Services provided by energy storage
      • Table Two-way distributed energy system with energy storage
      • Table Most commonly used DER
      • Table Global CO emissions from fuel combustion by sectors 2014 (%)
    • Market challenges
  • Market trends
    • Increasing grid modernization
      • Table Global cumulative T&D infrastructure investments 2014-2035 ($ trillion)
      • Table Advantages of smart grids
    • Changes in grid structure driving demand for energy storage
      • Table Traditional power grid
      • Table Transformed grid
    • Pollution caused by lead-acid recycling
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors (Indicative list)
  • Key vendor analysis
    • AMERICAN SUPERCONDUCTOR
      • Table AMERICAN SUPERCONDUCTOR: Key products
    • Bruker
      • Table Bruker: Key products
    • Southwire
      • Table Southwire: Key products
    • Sumitomo Electric Industries
      • Table Sumitomo Electric Industries: Key products
    • SuperPower
      • Table SuperPower: Key products
  • Appendix
    • List of abbreviations
  • Explore Technavio

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