Product Code: MCP-7857
This report analyzes the worldwide markets for Superconducting Magnetic Energy Storage (SMES) Systems in US$ Thousand. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 22 companies including many key and niche players such as -
ABB, Inc.
American Superconductor Corporation
ASG Superconductors SpA
Babcock Noell GmbH
Bruker Energy & Supercon Technologies
Table of Contents
I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
- Study Reliability and Reporting Limitations
- Disclaimers
- Data Interpretation & Reporting Level
- Quantitative Techniques & Analytics
- Product Definition and Scope of Study
II. EXECUTIVE SUMMARY
1. INDUSTRY OVERVIEW
- Why Energy Storage?
- SMES: A Promising Energy Storage Technology
- Asia-Pacific Spearheads Growth in the Global SMES Systems Market
- How Significant is SMES for Power Utilities?
- Effect of Energy Storage System Integration in Power Grid at Different Levels
- Focus on Green Energy Storage Bodes Well for SMES Systems
- Development of Superconducting Materials: Essential for Market's Progress
- R&D Efforts Focused on Addressing Cost Issues & Storage Capacity in SMES Systems
- Rapid Charging & Discharging and Minimal Energy Losses: Major Advantages
- Growing Need to Develop SMES Systems with Larger Power Storage Capacities
- Growing Deployment of Smart Grids - An Opportunity for SMES Systems Market
- High Cost: A Major Obstacle to Adoption in Large-Scale Applications
- Challenges Faced in Deployment of SMES Systems
- Competitive Landscape
2. MARKET TRENDS & ISSUES
- Focus on Sustainable Power Sourcing Enhances Significance of Energy Storage
- Table 1: Targets for Electricity Production from Renewable Energy Sources in Select Countries
- Table 2: Top Producers of Electricity from Renewable Sources - Percentage of Electricity Production from Renewable Energy Sources by Country (includes corresponding Graph/Chart)
- Why Energy Storage Can Be a Game Changer for Renewable Energy?
- Focus on Energy Efficiency to Drive Prospects for Energy Storage
- Rising Renewable Energy Consumption to Drive Energy Storage Market
- Table 3: World Cumulative Installed Capacity of Wind Power in GW for the Years 2016, 2018 & 2020 (includes corresponding Graph/Chart)
- Table 4: World Cumulative Installed Capacity of Solar Power in GW for the Years 2010, 2012, 2014 & 2026 (includes corresponding Graph/Chart)
- Assessing the Significance of Storage Technologies in Distributed Generation
- The Business Case for Installing Energy Storage Systems in DERs
- Microgrids - Driving Energy Storage in the Future
- Table 5: A Glance at Largest Power Blackouts/Outages Worldwide
- New Projects & Government Mandates to Stimulate Energy Storage Market
- Table 6: Energy Storage Projects Worldwide - Breakdown of Total Number and Rated Power of Projects (MW) by Technology Type (includes corresponding Graph/Chart)
- Table 7: Energy Storage Projects in Select Countries - Breakdown by Number and Rated Power of Projects (MW) (includes corresponding Graph/Chart)
- Incentives & Standards: Key to Promoting Energy Storage Technologies
3. ENERGY STORAGE SYSTEMS - AN OVERVIEW
- Power Grid: From Generation to Distribution
- World Electricity Generation & Demand: A Review
- Table 8: Worldwide Net Electricity Generation: Breakdown by Fuel Source in Trillion kWh and %Share for the Years 2012, 2020, 2030 & 2040 (includes corresponding Graph/Chart)
- Table 9: Top Electricity Consumers Worldwide - Ranked by Electricity Consumed in TWh for the Year 2015 (includes corresponding Graph/Chart)
- Table 10: Leading Power Consuming Countries Worldwide: Ranked by Per Capita Electricity Consumption in kWh (includes corresponding Graph/Chart)
- Introduction to Grid Energy Storage
- Table 11: Grid-Connected Energy Storage Worldwide - Percentage Breakdown of Installed Capacity by Energy Storage Technology for 2016 (includes corresponding Graph/Chart)
- Types of Energy Storage Systems
- A Comparative Review of Energy Storage Devices
- Characteristics of Energy Storage Technologies
- Applications of Various Energy Storage Technologies
- Super Capacitor Energy Storage (SCES)
- Compressed Air Energy Storage System (CAES)
- Flywheel Energy Storage System (FESS)
- Pumped Hydro Energy Storage Systems (PHESS)
- Battery Energy Storage Systems (BESS)
- Major Functions of Energy Storage Technologies
4. PRODUCT OVERVIEW
- Superconducting Magnetic Energy Storage (SMES) System: An Introduction
- Components of SMES System
- Block Diagram of SMES System
- Representation of a Superconducting Magnetic Energy Storage (SMES) System
- Superconducting Coil
- High-Temperature Vs Low-Temperature Superconductors
- Why HTSC System Costs More?
- Cryogenic Refrigerator
- Power Conversion System
- Control System
- Operation of SMES
- Performance Capabilities of SMES
- Solenoid Vs Toroid
- A Glance at Major Applications of SMES Systems
- Power System Applications of SMES Technology
- Cost Components of SMES System
- Advantages of SMES Vs Other Systems for Energy Storage
- System Stability
- Power Quality
- Load leveling
- Drawbacks of SMES
- Economic Viability of SMES Systems
- Current Efforts in SMES Space
- U.S. Department of Energy (DOE)'s ARPA-E Program
- Use of SMES Technology in Defense & Space Applications
5. RECENT INDUSTRY ACTIVITY
- Rolls Royce Develops SMES Device
- BEST Acquires Oxford Instruments Superconducting Wire
- SuperPower Establishes Testing Systems for 2G High Temperature Supeconductors
- Superconductor Technologies Develops Conductus(r) Superconducting Wire
- SuperPower Unveils Range of HTS Products
- Bruker Launches Ascend(tm) Aeon 600 MHz and Ascend(tm) Aeon 700 MHz Superconducting Magnet Systems
- SuperPower in Collaboration with Program Partners Make Headway in SMES Projects
- Fujikura Develops Largest Yttrium-based 5T HTS Magnet
6. FOCUS ON SELECT PLAYERS
- ABB, Inc. (USA)
- American Superconductor Corporation (USA)
- ASG Superconductors SpA (Italy)
- Columbus Superconductors SpA (Italy)
- Babcock Noell GmbH (Germany)
- Beijing Innopower Superconductor Cable Co., Ltd (China)
- Bruker Energy & Supercon Technologies (USA)
- Fujikura Ltd. (Japan)
- Hyper Tech Research, Inc. (USA)
- Luvata U.K. Ltd (UK)
- Nexans SA (France)
- Southwire Company, LLC (USA)
- Sumitomo Electric Industries, Ltd (Japan)
- Superconductor Technologies, Inc. (USA)
- SuperPower, Inc. (USA)
- SuNam Co., Ltd. (South Korea)
7. GLOBAL MARKET PERSPECTIVE
- Table 12: World Recent Past, Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) and Rest of World Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)
- Table 13: World Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) and Rest of World Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)
- Table 14: World 14-Year Perspective for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) and Rest of World Markets for Years 2011, 2017 & 2024 (includes corresponding Graph/Chart)
III. MARKET
1. THE UNITED STATES
- A. Market Analysis
- Outlook
- Power Grid Woes Turn Focus onto Storage Technologies
- Limitations of Power Grid Necessitate Use of Energy Storage Devices
- Table 15: Energy Storage Projects in the US (2016): Percentage Breakdown of Number of Projects and Rate Power by Type of Technology (includes corresponding Graph/Chart)
- Rising Number of Energy Storage Projects - Opportunity for SMES Systems
- Legislations Encourage Energy Storage Market
- Increasing Investments in Energy Storage Solutions
- Strategic Corporate Developments
- Key Players
- B. Market Analytics
- Table 16: US Recent Past, Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)
- Table 17: US Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)
2. CANADA
- Market Analysis
- Table 18: Canadian Recent Past, Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)
- Table 19: Canadian Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)
3. JAPAN
- A. Market Analysis
- Outlook
- Strategic Corporate Development
- Key Players
- B. Market Analytics
- Table 20: Japanese Recent Past, Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)
- Table 21: Japanese Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)
4. EUROPE
- A. Market Analysis
- Market Overview
- Energy Storage in the EU
- Energy Associations Draw Up Roadmap for Developing Energy Storage Technologies
- B. Market Analytics
- Table 22: European Recent Past, Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)
- Table 23: European Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)
- Table 24: European 14-Year Perspective for Superconducting Magnetic Energy Storage (SMES) Systems by Geographic Region - Percentage Breakdown of Dollar Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2011, 2017 & 2024 (includes corresponding Graph/Chart)
4a. FRANCE
- A. Market Analysis
- Outlook
- Nexans SA - A Major Player
- B. Market Analytics
- Table 25: French Recent Past, Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)
- Table 26: French Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)
4b. GERMANY
- A. Market Analysis
- Outlook
- Table 27: Power Generation Mix in Germany (2016): Percentage Breakdown of Power Production by Energy Source (includes corresponding Graph/Chart)
- Strategic Corporate Development
- Babcock Noell GmbH - A Key Player
- B. Market Analytics
- Table 28: German Recent Past, Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)
- Table 29: German Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)
4c. ITALY
- A. Market Analysis
- B. Market Analytics
- Table 30: Italian Recent Past, Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)
- Table 31: Italian Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)
4d. THE UNITED KINGDOM
- A. Market Analysis
- Outlook
- Strategic Corporate Development
- Luvata U.K. Ltd - A Key Player
- B. Market Analytics
- Table 32: UK Recent Past, Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)
- Table 33: UK Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)
4e. REST OF EUROPE
- Market Analysis
- Table 34: Rest of Europe Recent Past, Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)
- Table 35: Rest of Europe Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)
5. ASIA-PACIFIC
- A. Market Analysis
- Outlook
- Asia: Active Proponent of Energy Storage Technologies
- Table 36: Asian Market for Energy Storage Systems by Technology (2016E): Percentage Share Breakdown of Value Sales for Advanced Batteries, Pumped Hydro, and Others (includes corresponding Graph/Chart)
- Growth Drivers of Energy Storage Technologies in Asia
- China: Government Support Driving Growth in the Field of Superconductivity
- South Korea
- Korea Looks to Renewables to Meet Rising Power Demands
- Government Promotes Energy Storage Technologies
- Key Players
- B. Market Analytics
- Table 37: Asia-Pacific Recent Past, Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)
- Table 38: Asia-Pacific Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)
6. REST OF WORLD
- Market Analysis
- Table 39: Rest of World Recent Past, Current & Future Analysis for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2016 through 2024 (includes corresponding Graph/Chart)
- Table 40: Rest of World Historic Review for Superconducting Magnetic Energy Storage (SMES) Systems Market Analyzed with Annual Sales Figures in US$ Thousand for Years 2011 through 2015 (includes corresponding Graph/Chart)
COMPETITIVE LANDSCAPE
