8 June, 2020- A recent market intelligence report that is published by Data Insights Partner on the global Superconducting Magnetic Energy Storage market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Superconducting Magnetic Energy Storage market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Superconducting Magnetic Energy Storage market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Superconducting Magnetic Energy Storage market is offered. In accordance with the report, the global Superconducting Magnetic Energy Storage market is projected to expand at a CAGR of 5% over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Superconducting Magnetic Energy Storage (SMES) is a system that stores power in the form of magnetic field that is produced by the flowing current in the superconducting coil. A SMES system consists of the following three parts power conditioning system, cryogenically cooled refrigerator and superconducting coil. The magnetic energy is stored after the superconducting coil is charged. The coil is then discharged to release the energy back to the network. The SMES system loses the least amount of electricity during the energy storage process in comparison to other process of storing energy.
SMES are generally used for short duration of energy storage due to high cost of superconducting wires and requirements of energy for refrigeration. As a result of which SMES are largely used for enhancing power quality. The advantage of using SMES is the short time delay during discharge and charge. The other advantage is less loss of power in comparison to other energy storage methods. This is because electric currents meet almost zero resistance. The factors affecting the growth of the SMES is the superconductor material and the manufacturing cost of the system.
Segment Covered:
This market intelligence report on the global Superconducting Magnetic Energy Storage market encompasses market segments based on application, type and geography. On the basis of application, the sub-market is segmented into power system, research institution, industrial use, and others. In terms of type, the global Superconducting Magnetic Energy Storage market has been segregated into low temperature and high temperature. By Geography, the global Superconducting Magnetic Energy Storage market has been divided into North America (the U.S., Canada), Latin America (Brazil, Mexico, Argentina and other countries), Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries), Asia Pacific (India, Japan, China, Australia and New Zealand and other countries), Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as American Superconductor Corporation, GE Corporation, Columbus Superconductors SpA,Nexans SA, Sumitomo Electric Industries and SuperPower, Inc and others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Superconducting Magnetic Energy Storage related investment & spending and developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2017-2027. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Salient Features:
- This study offers comprehensive yet detailed analysis of the Superconducting Magnetic Energy Storage market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account 2018 as the base year
- It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
- This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
- Profiling of key market players in the world Superconducting Magnetic Energy Storage market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
- Leading market players covered this report comprise names such as American Superconductor Corporation, GE Corporation, Columbus Superconductors SpA,Nexans SA, Sumitomo Electric Industries and SuperPower, Inc. and among others
- The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technicalup gradation
- The world market forSuperconducting Magnetic Energy Storage caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Superconducting Magnetic Energy Storage market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
- Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
- Reports have been made based on the guidelines as mandated by General Data Protection Regulation
- Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Superconducting Magnetic Energy Storage market
- Identification of key factors driving investment opportunities in the Superconducting Magnetic Energy Storage market
- Facilitate decision-making based on strong historic and forecast data
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Develop strategies based on the latest regulatory events
- Identify key partners and business development avenues
- Respond to your competitors’ business structure, strategy and prospects
- Identify key strengths and weaknesses of important market participants
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