Superconducting Magnetic Energy Storage (SMES) Systems - Global Strategic Business Report

Superconducting Magnetic Energy Storage (SMES) Systems - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Apr 9, 2015, 140 Pages
US$4,950.00
GIA-MCP7857

Superconducting Magnetic Energy Storage (SMES) Systems

This report analyzes the worldwide markets for Superconducting Magnetic Energy Storage (SMES) Systems in US$ Thousands. 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 2014 through 2020. 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 23 companies including many key and niche players such as -

ABB, Inc.
American Superconductor Corporation
ASG Superconductors SpA
Beijing Innopower Superconductor Cable Co., Ltd.
Bruker Energy & Supercon Technologies


TABLE OF CONTENTS

 I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definition and Scope of Study                             I-3


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      Why Energy Storage?                                               II-1
      SMES: A Promising Energy Storage Technology                       II-3
      How Significant is SMES for Power Utilities?                      II-4
       Effect of Energy Storage System Integration in Power Grid at
        Different Levels                                                II-5
      Focus on Green Energy Storage Bodes Well for SMES Systems         II-5
      Development of Superconducting Materials: Essential for
       Market’s Progress                                                II-6
      R&D Efforts Focused on Addressing Cost Issues & Storage
       Capacity in SMES Systems                                         II-6
      Rapid Charging & Discharging and Minimizing Energy Losses:
       Major Advantages                                                 II-7
      Growing Need to Develop SMES Systems with Larger Power Storage
       Capacities                                                       II-7
      High Cost: A Major Obstacle to Adoption in Large-Scale
       Applications                                                     II-8
      Challenges Faced in Deployment of SMES Systems                    II-9
      Competitive Landscape                                             II-9
      Focus on Sustainable Power Sourcing Enhances Significance of
       Energy Storage                                                   II-10
       Table 1: Targets for Electricity Production from Renewable
        Energy Sources in Select Countries                              II-11
       Table 2: % of Renewable Sources in Electricity Production for
       Select Countries (includes corresponding Graph/Chart)            II-13
       Why Energy Storage Can Be a Game Changer for Renewable Energy?   II-14
       Focus on Energy Efficiency to Drive Prospects for Energy Storage II-14
       Rising Renewable Energy Consumption to Drive Energy Storage
        Market                                                          II-15
        Table 3: World Installed Capacity of Wind Power (in MW) by
        Geographic Region (2014 & 2020) (includes corresponding
        Graph/Chart)                                                    II-16
      Assessing the Significance of Storage Technologies in
       Distributed Generation                                           II-17
       The Business Case for Installing Energy Storage Systems in DERs  II-17
       Microgrids - Driving Energy Storage in the Future                II-18
        Table 4: A Glance at Largest Power Blackouts/ Outages
        Worldwide                                                       II-19
       New Projects & Government Mandates to Stimulate Energy
        Storage Market                                                  II-19
       Incentives & Standards: Key to Promoting Energy Storage
        Technologies                                                    II-20

  2. ENERGY STORAGE SYSTEMS - AN OVERVIEW                               II-21
      Power Grid: From Generation to Distribution                       II-21
      World Electricity Generation & Demand: A Review                   II-21
       Table 5: Worldwide Net Electricity Generation (2010, 2020,
       2030 & 2040): Breakdown by Fuel Source (in Trillion kWh &
       %Share) (includes corresponding Graph/Chart)                     II-22

       Table 6: Top Electricity Consumers Worldwide - Ranked by
       Electricity Consumed in Million MWh (includes corresponding
       Graph/Chart)                                                     II-23

       Table 7: Leading Power Consuming Countries Worldwide: Ranked
       by Per Capita Electricity Consumption in ‘000 kWh (includes
       corresponding Graph/Chart)                                       II-24
      Introduction to Grid Energy Storage                               II-25
      Types of Energy Storage Systems                                   II-26
       A Comparative Review of Energy Storage Devices                   II-27
       Table 8: Comparison of Power Investment Costs and Energy
       Investments Costs for Advanced Energy Storage Technologies       II-27
       Characteristics of Energy Storage Technologies                   II-28
       Applications of Various Energy Storage Technologies              II-28
       Super Capacitor Energy Storage (SCES)                            II-29
       Compressed Air Energy Storage System (CAES)                      II-30
       Flywheel Energy Storage System (FESS)                            II-30
       Pumped Hydro Energy Storage Systems (PHESS)                      II-30
       Battery Energy Storage Systems (BESS)                            II-31
      Major Functions of Energy Storage Technologies                    II-31
      The Current State of Energy Storage                               II-32
       Table 9: Installed Grid-Connected Storage Capacity Worldwide
       by Technology (MW)                                               II-32

  3. PRODUCT OVERVIEW                                                   II-33
      Superconducting Magnetic Energy Storage (SMES) System: An
       Introduction                                                     II-33
      Components of SMES System                                         II-33
       Block Diagram of SMES System                                     II-34
       Representation of a Superconducting Magnetic Energy Storage
        (SMES) System                                                   II-34
      Superconducting Coil                                              II-34
      High-Temperature Vs Low-Temperature Superconductors               II-35
      Why HTSC System Costs More?                                       II-35
      Cryogenic Refrigerator                                            II-36
      Power Conversion System                                           II-36
      Control System                                                    II-36
      Operation of SMES                                                 II-36
      Performance Capabilities of SMES                                  II-37
      Solenoid Vs Toroid                                                II-37
      A Glance at Major Applications of SMES Systems                    II-37
       Power System Applications of SMES Technology                     II-38
      Cost Components of SMES System                                    II-39
      Advantages of SMES Vs Other Systems for Energy Storage            II-40
       System Stability                                                 II-40
       Power Quality                                                    II-41
       Load leveling                                                    II-41
      Drawbacks of SMES                                                 II-41
      Economic Viability of SMES Systems                                II-42
      Current Efforts in SMES Space                                     II-42
       U.S. Department of Energy (DOE)’s ARPA-E Program                 II-42
       Use of SMES Technology in Defense & Space Applications           II-42

  4. RECENT INDUSTRY ACTIVITY                                           II-44
      SuperPower Establishes Testing Systems for 2G High Temperature
       Supeconductors                                                   II-44
      Superconductor Technologies Develops Conductus®
       Superconducting Wire                                             II-44
      Grid Logic Receives Grant from NextEnergy to Develop
       Superconductor Applications                                      II-44
      Bruker Launches Ascend™ Aeon 600 MHz and Ascend™ Aeon 700 MHz
       Superconducting Magnet Systems                                   II-44
      SuperPower Unveils Range of HTS Products                          II-44
      SuperPower in Collaboration with Program Partners Make Headway
       in SMES Projects                                                 II-44
      Fujikura Develops Largest Yttrium-based 5T HTS Magnet             II-45
      Furukawa Electric Takes Over SuperPower from Philips Group        II-45
      Chubu Electric Power to Develop SMES System                       II-45
      Fujikura Introduces New Yttrium-based Superconducting Magnet      II-45

  5. FOCUS ON SELECT PLAYERS                                            II-46
      ABB, Inc. (US)                                                    II-46
      American Superconductor Corporation (US)                          II-46
      ASG Superconductors SpA (Italy)                                   II-47
       Columbus Superconductors SpA (Italy)                             II-47
      Beijing Innopower Superconductor Cable Co., Ltd (China)           II-47
      Bruker Energy & Supercon Technologies (US)                        II-48
      Fujikura Ltd. (Japan)                                             II-48
      General Cable Superconductors Ltd. (New Zealand)                  II-49
      Hyper Tech Research, Inc. (US)                                    II-49
      Luvata U.K. Ltd (UK)                                              II-49
      Nexans SA (France)                                                II-50
      Southwire Company (US)                                            II-50
      Sumitomo Electric Industries, Ltd (Japan)                         II-51
      Superconductor Technologies, Inc. (US)                            II-51
      SuperPower, Inc. (US)                                             II-52
      SuNam Co., Ltd. (South Korea)                                     II-53

  6. GLOBAL MARKET PERSPECTIVE                                          II-54
      Table 10: World Recent Past, Current & Future Analysis for
      Superconducting Magnetic Energy Storage 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 2014 through
      2020 (includes corresponding Graph/Chart)                         II-54

      Table 11: World Historic Review for Superconducting Magnetic
      Energy Storage 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 2009 through 2013 (includes
      corresponding Graph/Chart)                                        II-55

      Table 12: World 12-Year Perspective for Superconducting
      Magnetic Energy Storage 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 2009, 2015 & 2020 (includes corresponding
      Graph/Chart)                                                      II-56


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Outlook                                                         III-1
        Power Grid Woes Turn Focus onto Storage Technologies            III-1
        Limitations of Power Grid Necessitate Use of Energy Storage
         Devices                                                        III-2
         Table 13: Power Grid Energy Storage in the US (2014):
         Percentage Share Breakdown of Capacity by Type of
         Technology (includes corresponding Graph/Chart)                III-2

         Table 14: Energy Storage Technologies Deployed in the US       III-3
        Legislations Encourage Energy Storage Market                    III-3
        US States Establish Energy Storage Mandates                     III-4
        Rising Investments in Energy Storage Solutions                  III-4
        Strategic Corporate Developments                                III-5
        Key Players                                                     III-6
      B.Market Analytics                                                III-10
        Table 15: US Recent Past, Current & Future Analysis for
        Superconducting Magnetic Energy Storage Systems Market
        Analyzed with Annual Sales Figures in US$ Thousand for Years
        2014 through 2020 (includes corresponding Graph/Chart)          III-10

        Table 16: US Historic Review for Superconducting Magnetic
        Energy Storage Systems Market Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2009 through 2013
        (includes corresponding Graph/Chart)                            III-11

  2. CANADA                                                             III-12
       Market Analysis                                                  III-12
        Table 17: Canadian Recent Past, Current & Future Analysis
        for Superconducting Magnetic Energy Storage Systems Market
        Analyzed with Annual Sales Figures in US$ Thousand for Years
        2014 through 2020 (includes corresponding Graph/Chart)          III-12

        Table 18: Canadian Historic Review for Superconducting
        Magnetic Energy Storage Systems Market Analyzed with Annual
        Sales Figures in US$ Thousand for Years 2009 through 2013
        (includes corresponding Graph/Chart)                            III-13

  3. JAPAN                                                              III-14
      A.Market Analysis                                                 III-14
        Outlook                                                         III-14
        Strategic Corporate Developments                                III-14
        Key Players                                                     III-15
      B.Market Analytics                                                III-16
        Table 19: Japanese Recent Past, Current & Future Analysis
        for Superconducting Magnetic Energy Storage Systems Market
        Analyzed with Annual Sales Figures in US$ Thousand for Years
        2014 through 2020 (includes corresponding Graph/Chart)          III-16

        Table 20: Japanese Historic Review for Superconducting
        Magnetic Energy Storage Systems Market Analyzed with Annual
        Sales Figures in US$ Thousand for Years 2009 through 2013
        (includes corresponding Graph/Chart)                            III-17

  4. EUROPE                                                             III-18
      A.Market Analysis                                                 III-18
        Outlook                                                         III-18
        Energy Storage in the EU                                        III-18
        Energy Associations Draw Up Roadmap for Developing Energy
         Storage Technologies                                           III-18
      B.Market Analytics                                                III-19
        Table 21: European Recent Past, Current & Future Analysis
        for Superconducting Magnetic Energy Storage Systems by
        Geographic Region - France, Germany, Italy, UK and Rest of
        Europe Markets Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2014 through 2020
        (includes corresponding Graph/Chart)                            III-19

        Table 22: European Historic Review for Superconducting
        Magnetic Energy Storage Systems by Geographic Region -
        France, Germany, Italy, UK and Rest of Europe Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2013 (includes corresponding
        Graph/Chart)                                                    III-20

        Table 23: European 12-Year Perspective for Superconducting
        Magnetic Energy Storage Systems by Geographic Region -
        Percentage Breakdown of Dollar Sales for France, Germany,
        Italy, UK and Rest of Europe Markets for Years 2009, 2015 &
        2020 (includes corresponding Graph/Chart)                       III-21

  4a. FRANCE                                                            III-22
      A.Market Analysis                                                 III-22
        Outlook                                                         III-22
        Nexans SA - A Major Player                                      III-22
      B.Market Analytics                                                III-23
        Table 24: French Recent Past, Current & Future Analysis for
        Superconducting Magnetic Energy Storage Systems Market
        Analyzed with Annual Sales Figures in US$ Thousand for Years
        2014 through 2020 (includes corresponding Graph/Chart)          III-23

        Table 25: French Historic Review for Superconducting
        Magnetic Energy Storage Systems Market Analyzed with Annual
        Sales Figures in US$ Thousand for Years 2009 through 2013
        (includes corresponding Graph/Chart)                            III-24

  4b. GERMANY                                                           III-25
      A.Market Analysis                                                 III-25
        Outlook                                                         III-25
         Table 26: Power Supply Mix in Germany (2013): Percentage
         Share Breakdown of Capacity by Supply Source (includes
         corresponding Graph/Chart)                                     III-25
        Strategic Corporate Development                                 III-25
      B.Market Analytics                                                III-26
        Table 27: German Recent Past, Current & Future Analysis for
        Superconducting Magnetic Energy Storage Systems Market
        Analyzed with Annual Sales Figures in US$ Thousand for Years
        2014 through 2020 (includes corresponding Graph/Chart)          III-26

        Table 28: German Historic Review for Superconducting
        Magnetic Energy Storage Systems Market Analyzed with Annual
        Sales Figures in US$ Thousand for Years 2009 through 2013
        (includes corresponding Graph/Chart)                            III-27

  4c. ITALY                                                             III-28
      A.Market Analysis                                                 III-28
        Outlook                                                         III-28
        Key Players                                                     III-28
      B.Market Analytics                                                III-29
        Table 29: Italian Recent Past, Current & Future Analysis for
        Superconducting Magnetic Energy Storage Systems Market
        Analyzed with Annual Sales Figures in US$ Thousand for Years
        2014 through 2020 (includes corresponding Graph/Chart)          III-29

        Table 30: Italian Historic Review for Superconducting
        Magnetic Energy Storage Systems Market Analyzed with Annual
        Sales Figures in US$ Thousand for Years 2009 through 2013
        (includes corresponding Graph/Chart)                            III-30

  4d. THE UNITED KINGDOM                                                III-31
      A.Market Analysis                                                 III-31
        Outlook                                                         III-31
        Luvata U.K. Ltd - A Key Player                                  III-31
      B.Market Analytics                                                III-32
        Table 31: UK Recent Past, Current & Future Analysis for
        Superconducting Magnetic Energy Storage Systems Market
        Analyzed with Annual Sales Figures in US$ Thousand for Years
        2014 through 2020 (includes corresponding Graph/Chart)          III-32

        Table 32: UK Historic Review for Superconducting Magnetic
        Energy Storage Systems Market Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2009 through 2013
        (includes corresponding Graph/Chart)                            III-33

  4e. REST OF EUROPE                                                    III-34
       Market Analysis                                                  III-34
        Table 33: Rest of Europe Recent Past, Current & Future
        Analysis for Superconducting Magnetic Energy Storage Systems
        Market Analyzed with Annual Sales Figures in US$ Thousand
        for Years 2014 through 2020 (includes corresponding
        Graph/Chart)                                                    III-34

        Table 34: Rest of Europe Historic Review for Superconducting
        Magnetic Energy Storage Systems Market Analyzed with Annual
        Sales Figures in US$ Thousand for Years 2009 through 2013
        (includes corresponding Graph/Chart)                            III-35

  5. ASIA-PACIFIC                                                       III-36
      A.Market Analysis                                                 III-36
        Outlook                                                         III-36
        Asia: Active Proponent of Energy Storage Technologies           III-36
         Table 35: Grid-Scale Energy Storage Systems Market in Asia
         (2014E): Percentage Share Breakdown of Revenues by Country
         - China, South Korea, India, and Others (includes
         corresponding Graph/Chart)                                     III-37
        Growth Drivers of Energy Storage Technologies in Asia           III-37
        China: Government Support Driving Growth in the Field of
         Superconductivity                                              III-38
        South Korea                                                     III-39
         Korea Looks to Renewables to Meet Rising Power Demands         III-39
         Government Promotes Energy Storage Technologies                III-39
        Key Players                                                     III-40
      B.Market Analytics                                                III-41
        Table 36: Asia-Pacific Recent Past, Current & Future
        Analysis for Superconducting Magnetic Energy Storage Systems
        Market Analyzed with Annual Sales Figures in US$ Thousand
        for Years 2014 through 2020 (includes corresponding
        Graph/Chart)                                                    III-41

        Table 37: Asia-Pacific Historic Review for Superconducting
        Magnetic Energy Storage Systems Market Analyzed with Annual
        Sales Figures in US$ Thousand for Years 2009 through 2013
        (includes corresponding Graph/Chart)                            III-42

  6. REST OF WORLD                                                      III-43
       Market Analysis                                                  III-43
        Table 38: Rest of World Recent Past, Current & Future
        Analysis for Superconducting Magnetic Energy Storage Systems
        Market Analyzed with Annual Sales Figures in US$ Thousand
        for Years 2014 through 2020 (includes corresponding
        Graph/Chart)                                                    III-43

        Table 39: Rest of World Historic Review for Superconducting
        Magnetic Energy Storage Systems Market Analyzed with Annual
        Sales Figures in US$ Thousand for Years 2009 through 2013
        (includes corresponding Graph/Chart)                            III-44


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 23 (including Divisions/Subsidiaries - 25)

     The United States (10)
     Japan (5)
     Europe (6)
     - France (1)
     - Germany (1)
     - The United Kingdom (2)
     - Italy (2)
     Asia-Pacific (Excluding Japan) (4)
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