Report Summary

The market for Global Superconducting Magnetic Energy Storage Systems is growing

The market for Global Superconducting Magnetic Energy Storage Systems (SMES) is growing but at a slower pace when compared to other technologies such as capacitor technologies and flywheels. The reason is that SMES devices are comparatively expensive with parasitic loses and low energy density. Also, demand for energy storing technology varies with its applications. For example, pumped storage hydropower is used for large-scale bulk storage, while SMES devices provide short term response energy storage, and are used when rapid power delivery is desired. These are used when power quality is significant instead of large energy storage capacity. Similarly, batteries can be used for both bulk energy storage as well as short-term power quality applications. However, batteries are associated with environmental and durability problems.

The report forecasts the size of Global Superconducting Magnetic Energy Storage Systems (SMES) over the period 2008-2012, and segments the SMES systems market by core technologies and components. The report also draws comparison of SMES with competing technologies. Further, it highlights the advantages of using SMES energy storage technologies and the key market trends and challenges of the SMES systems market. In addition, the report talks about the major deployments carried out in the SMES systems market, and profiles some of the key vendors operating in this market.