Top 5 Vendors in the Global Superconducting Magnetic Energy Storage Market from 2017-2021: Technavio

  Top 5 Vendors in the Global Superconducting Magnetic Energy Storage Market
  from 2017-2021: Technavio

Business Wire

LONDON -- May 30, 2017

Technavio has announced the top five leading vendors in their recent  global
superconducting magnetic energy storage market  report until 2021. This
research report also lists seven other prominent vendors that are expected to
impact the market during the forecast period.

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Technavio has published a new report on the global superconducting magnetic
energy storage market fr ...

Technavio has published a new report on the global superconducting magnetic
energy storage market from 2017-2021. (Graphic: Business Wire)

The research study by Technavio on the global superconducting magnetic energy
storage market for 2017-2021 provides a detailed industry analysis based on
the geography, including APAC, the Americas, and EMEA).

“The global superconducting magnetic energy storage market is projected to
grow to nearly USD 67 million by 2021, at a CAGR of more than 6% over the
forecast period. The rising need for energy storage as distributed generation
is a key factor driving the growth of the market,” says Thanikachalam
Chandrasekaran, a lead analyst at Technavio for energy storage research.

Competitive vendor landscape

The global superconducting magnetic storage market is in its infant stage,
with plenty of untapped opportunities available to the market vendors. The
prospects of the market rely heavily on the advances in technology and the
course of business decisions taken by the players in the market. Analysts at
Technavio expect the market to grow with the rise in demand for
energy-efficient technologies. Therefore, vendors in the market are expected
to innovate and enhance their technologies to meet the demand, intensifying
the competition in the market.

This report is available at a USD 1,000 discount for a limited time only: View
market snapshot before purchasing

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Top five vendors in the global superconducting magnetic energy storage market


AMERICAN SUPERCONDUCTOR generates ideas, technologies, and solutions to meet
the world's demand for better, cleaner, and smarter energy. The company has
two verticals, namely WINDTEC Solutions and GRIDTEC Solutions.


Bruker offers a broad range of applications in all fields of development and
research and is used in all industrial production procedures to ensure process
reliability and quality. The company is one of the world's leading analytical
instrumentation companies.


Southwire produces half of the cable used to distribute and transmit power
throughout the US. More than half of the world’s refined copper passes through
an SCR system. Its wire plays a key role in the manufacturing of other
products such as electrical motors, automotive wiring harnesses, and insect

Sumitomo Electric Industries

Sumitomo Electric Industries has the expertise in copper wire production. The
company introduced numerous products to ease the electricity production and
distribution. While working on the copper wires, the company achieved a
breakthrough in superconducting wires and superconductor wires.


SuperPower, a subsidiary of Furukawa Electric, uses core capabilities in
cryogenics and magnetics materials to enable the development of electric power
components through the second-generation high temperature superconducting (2G
HTS) technology.

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About Technavio

Technavio is leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more than
500 technologies across 80 countries. Technavio has about 300 analysts
globally who specialize in customized consulting and business research
assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to
ascertain the size and vendor landscape in a range of markets. Analysts obtain
information using a combination of bottom-up and top-down approaches, besides
using in-house market modeling tools and proprietary databases. They
corroborate this data with the data obtained from various market participants
and stakeholders across the value chain, including vendors, service providers,
distributors, resellers, and end-users.

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Technavio announces top five vendors in the global superconducting magnetic
energy storage market until 2021.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
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