Abstract
Superconducting Magnetic Energy Storage Systems (SMES) are devices that are
capable of storing energy in the magnetic field (The magnetic field is created
by the flow of direct current in a superconducting coil, which has been
cryogenically cooled to a temperature below its superconducting critical
temperature). The SMES systems are capable of releasing stored energy
instantaneously, and are useful for short duration energy storage.
Presence of energy storage devices such as capacitors, batteries, flywheel
energy storage (FES) systems, the Superconducting Magnetic Energy Storage
Systems (SMES) systems, and compressed air energy storage (CAES) are making
the Energy Storage Devices Market highly competitive. This increase in
competition is forcing vendors of SMES systems to explore new markets such as
frequency regulation and energy delivery network.
The highest demand for SMES devices comes from the Utilities industry. This
industry is facing a pressure due to increase in load growth and customers
demand for improved power quality and reliability. Also, the players of the
utility industry are demanding for cost effective, energy efficient and
reliable energy storage devices. SMES systems are able to offer such
advantages; thus, SMES are becoming significant in utility applications.
The report by TechNavio Insights forecasts the size of the Global
Superconducting Magnetic Energy Storage Systems (SMES) Market over the period
2008-2012. Further, it discusses the key market drivers, market trends,
challenges of the Global Superconducting Magnetic Energy Storage Systems
(SMES) Market, and profiles some of the key vendors of this market.
Infiniti Research specializes in deep dive custom research for leading Fortune
500 companies. The company conducts more than 200 market intelligence projects
every year. TechNavio is the company' s market intelligence platform. TechNavio
Insights is a series of 400+ reports based on this market intelligence
platform.
| 
View Cart
