Demand for Superconducting Magnetic Energy Storage Systems

Superconducting magnetic energy storage (SMES) system, a device that stores energy in the magnetic field, can instantly release stored energy and are considered ideal for shorter duration energy storage applications. SMES systems offer advantages in terms of quicker recharging and discharging, and the ability to recharge sequences several times without degradation of magnets. SMES systems are predominantly used in applications that require low-energy storage and shorter duration of power supply. However, as most large-scale applications including substations are high-energy sectors, vendors are focusing efforts on the development of SMES systems with higher storage capacity.

As stated by the new market research report on Superconducting Magnetic Energy Storage (SMES) Systems, Asia-Pacific represents the largest market worldwide. Growth in the region is led by increasing focus on smart grid, microgrid, distributed energy generation and renewable energy integration.

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