The global Superconducting Magnetic Energy Storage (SMES) Systems market was valued at US$ 70.24 million in 2023 and is anticipated to reach US$ 141.94 million by 2030, witnessing a CAGR of 10.44% during the forecast period 2024-2030.
North American market for Superconducting Magnetic Energy Storage (SMES) Systems is estimated to increase from $ 29.56 million in 2023 to reach $ 57.42 million by 2030, at a CAGR of 9.89% during the forecast period of 2024 through 2030.
Asia-Pacific market for Superconducting Magnetic Energy Storage (SMES) Systems is estimated to increase from $ 21.18 million in 2023 to reach $ 47.25 million by 2030, at a CAGR of 11.87% during the forecast period of 2024 through 2030.
The major global companies of Superconducting Magnetic Energy Storage (SMES) Systems include American Superconductor Corporation, SuperPower, Bruker, Fujikura, Hyper Tech Research, Southwire Company, Sumitomo Electric Industries, Nexans, and ASG Superconductors, etc. In 2023, the world's top three vendors accounted for approximately 33.53 % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Superconducting Magnetic Energy Storage (SMES) Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Superconducting Magnetic Energy Storage (SMES) Systems.
The Superconducting Magnetic Energy Storage (SMES) Systems market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Superconducting Magnetic Energy Storage (SMES) Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Superconducting Magnetic Energy Storage (SMES) Systems companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
- American Superconductor
- Bruker
- SuperPower
- Fujikura
- Hyper Tech Research
- Southwire Company
- Sumitomo Electric Industries
- ASG Superconductors
- Nexans
- Luvata
- SuNam
Segment by Type
- Low Temperature SMES
- High Temperature SMES
Segment by Application
- Industrial Energy Storage
- Renewable Energy Storage
- Other
By Region
- North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia- Pacific
Europe
- Germany
- France
- U.K.
- Italy
- Rest of Europe
Rest of World
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Superconducting Magnetic Energy Storage (SMES) Systems company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9 North America, Europe, Asia Pacific, Rest of World segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 10: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, etc.
Chapter 11: The main points and conclusions of the report.
Table of Contents
1 Report Overview
- 1.1 Study Scope
- 1.2 Market Analysis by Type
- 1.2.1 Global Superconducting Magnetic Energy Storage (SMES) Systems Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
- 1.2.2 Low Temperature SMES
- 1.2.3 High Temperature SMES
- 1.3 Market by Application
- 1.3.1 Global Superconducting Magnetic Energy Storage (SMES) Systems Market Growth by Application: 2019 VS 2023 VS 2030
- 1.3.2 Industrial Energy Storage
- 1.3.3 Renewable Energy Storage
- 1.3.4 Others
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Global Growth Trends
- 2.1 Global Superconducting Magnetic Energy Storage (SMES) Systems Market Perspective (2019-2030)
- 2.2 Global Superconducting Magnetic Energy Storage (SMES) Systems Growth Trends by Region
- 2.2.1 Global Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Region: 2019 VS 2023 VS 2030
- 2.2.2 Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Size by Region (2019-2024)
- 2.2.3 Superconducting Magnetic Energy Storage (SMES) Systems Forecasted Market Size by Region (2025-2030)
- 2.3 Superconducting Magnetic Energy Storage (SMES) Systems Market Dynamics
- 2.3.1 Superconducting Magnetic Energy Storage (SMES) Systems Industry Trends
- 2.3.2 Superconducting Magnetic Energy Storage (SMES) Systems Market Drivers
- 2.3.3 Superconducting Magnetic Energy Storage (SMES) Systems Market Challenges
3 Competition Landscape by Key Players
- 3.1 Global Top Superconducting Magnetic Energy Storage (SMES) Systems Players by Revenue
- 3.1.1 Global Top Superconducting Magnetic Energy Storage (SMES) Systems Players by Revenue (2019-2024)
- 3.1.2 Global Superconducting Magnetic Energy Storage (SMES) Systems Revenue Market Share by Players (2019-2024)
- 3.2 Global Superconducting Magnetic Energy Storage (SMES) Systems Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.3 Global Key Players Ranking by Superconducting Magnetic Energy Storage (SMES) Systems Revenue
- 3.4 Global Superconducting Magnetic Energy Storage (SMES) Systems Market Concentration Ratio
- 3.4.1 Global Superconducting Magnetic Energy Storage (SMES) Systems Market Concentration Ratio (CR5 and HHI)
- 3.4.2 Global Top 5 and Top 10 Companies by Superconducting Magnetic Energy Storage (SMES) Systems Revenue in 2023
- 3.5 Global Key Players of Superconducting Magnetic Energy Storage (SMES) Systems Area Served
- 3.6 Global Key Players of Superconducting Magnetic Energy Storage (SMES) Systems Manufacturing Plants Distribution
- 3.7 Mergers & Acquisitions, Expansion Plans
4 Superconducting Magnetic Energy Storage (SMES) Systems Breakdown Data by Type
- 4.1 Global Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Size by Type (2019-2024)
- 4.2 Global Superconducting Magnetic Energy Storage (SMES) Systems Forecasted Market Size by Type (2025-2030)
5 Superconducting Magnetic Energy Storage (SMES) Systems Breakdown Data by Application
- 5.1 Global Superconducting Magnetic Energy Storage (SMES) Systems Historic Market Size by Application (2019-2024)
- 5.2 Global Superconducting Magnetic Energy Storage (SMES) Systems Forecasted Market Size by Application (2025-2030)
6 North America
- 6.1 North America Superconducting Magnetic Energy Storage (SMES) Systems Market Size (2019-2030)
- 6.2 North America Superconducting Magnetic Energy Storage (SMES) Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
- 6.3 North America Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Country (2019-2024)
- 6.4 North America Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Country (2025-2030)
- 6.5 United States
- 6.6 Canada
7 Europe
- 7.1 Europe Superconducting Magnetic Energy Storage (SMES) Systems Market Size (2019-2030)
- 7.2 Europe Superconducting Magnetic Energy Storage (SMES) Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
- 7.3 Europe Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Country (2019-2024)
- 7.4 Europe Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Country (2025-2030)
- 7.5 Germany
- 7.6 France
- 7.7 U.K.
- 7.8 Italy
8 Asia-Pacific
- 8.1 Asia-Pacific Superconducting Magnetic Energy Storage (SMES) Systems Market Size (2019-2030)
- 8.2 Asia-Pacific Superconducting Magnetic Energy Storage (SMES) Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
- 8.3 Asia-Pacific Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Region (2019-2024)
- 8.4 Asia-Pacific Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Region (2025-2030)
- 8.5 China
- 8.6 Japan
- 8.7 South Korea
- 8.8 Southeast Asia
- 8.9 India
9 Rest of World
- 9.1 Rest of World Superconducting Magnetic Energy Storage (SMES) Systems Market Size (2019-2030)
- 9.2 Rest of World Superconducting Magnetic Energy Storage (SMES) Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
- 9.3 Rest of World Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Country (2019-2024)
- 9.4 Rest of World Superconducting Magnetic Energy Storage (SMES) Systems Market Size by Country (2025-2030)
- 9.5 Brazil
10 Key Players Profiles
- 10.1 American Superconductor Corporation
- 10.1.1 American Superconductor Corporation Company Details
- 10.1.2 American Superconductor Corporation Business Overview
- 10.1.3 American Superconductor Corporation Superconducting Magnetic Energy Storage (SMES) Systems Related Products Introduction
- 10.1.4 American Superconductor Corporation Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
- 10.2 Bruker
- 10.2.1 Bruker Company Details
- 10.2.2 Bruker Business Overview
- 10.2.3 Bruker Superconducting Magnetic Energy Storage (SMES) Systems Related Products Introduction
- 10.2.4 Bruker Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
- 10.3 SuperPower
- 10.3.1 SuperPower Company Details
- 10.3.2 SuperPower Business Overview
- 10.3.3 SuperPower Superconducting Magnetic Energy Storage (SMES) Systems Related Products Introduction
- 10.3.4 SuperPower Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
- 10.4 Fujikura
- 10.4.1 Fujikura Company Details
- 10.4.2 Fujikura Business Overview
- 10.4.3 Fujikura Superconducting Magnetic Energy Storage (SMES) Systems Related Products Introduction
- 10.4.4 Fujikura Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
- 10.5 Hyper Tech Research
- 10.5.1 Hyper Tech Research Company Details
- 10.5.2 Hyper Tech Research Business Overview
- 10.5.3 Hyper Tech Research Superconducting Magnetic Energy Storage (SMES) Systems Related Products Introduction
- 10.5.4 Hyper Tech Research Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
- 10.6 Southwire Company
- 10.6.1 Southwire Company Details
- 10.6.2 Southwire Company Business Overview
- 10.6.3 Southwire Company Superconducting Magnetic Energy Storage (SMES) Systems Related Products Introduction
- 10.6.4 Southwire Company Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
- 10.7 Sumitomo Electric Industries
- 10.7.1 Sumitomo Electric Industries Company Details
- 10.7.2 Sumitomo Electric Industries Business Overview
- 10.7.3 Sumitomo Electric Industries Superconducting Magnetic Energy Storage (SMES) Systems Related Products Introduction
- 10.7.4 Sumitomo Electric Industries Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
- 10.8 ASG Superconductors
- 10.8.1 ASG Superconductors Company Details
- 10.8.2 ASG Superconductors Business Overview
- 10.8.3 ASG Superconductors Superconducting Magnetic Energy Storage (SMES) Systems Related Products Introduction
- 10.8.4 ASG Superconductors Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
- 10.9 Nexans
- 10.9.1 Nexans Company Details
- 10.9.2 Nexans Business Overview
- 10.9.3 Nexans Superconducting Magnetic Energy Storage (SMES) Systems Related Products Introduction
- 10.9.4 Nexans Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
- 10.10 Luvata
- 10.10.1 Luvata Company Details
- 10.10.2 Luvata Business Overview
- 10.10.3 Luvata Superconducting Magnetic Energy Storage (SMES) Systems Related Products Introduction
- 10.10.4 Luvata Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
- 10.11 SuNam
- 10.11.1 SuNam Company Details
- 10.11.2 SuNam Business Overview
- 10.11.3 SuNam Superconducting Magnetic Energy Storage (SMES) Systems Related Products Introduction
- 10.11.4 SuNam Revenue in Superconducting Magnetic Energy Storage (SMES) Systems Business (2019-2024)
11 Analyst's Viewpoints/Conclusions
12 Appendix
- 12.1 Research Methodology
- 12.1.1 Methodology/Research Approach
- 12.1.2 Data Source
- 12.2 Author Details
- 12.3 Disclaimer 70