Global Superconducting Magnetic Energy Storage Systems (SMES) Market 2008-2012
“The market for SMES systems is growing at a slower pace when compared to other technologies such as capacitor technologies and flywheels,” as per the recent report published by TechNavioTM Insights.
This could be attributed to the fact that SMES devices are relatively expensive, with parasitic losses and low energy density. Also, demand for energy storing technology varies with the applications of SMES. 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.
According to one of the TechNavioTM experts, “The Global Electric Energy Storage (EES) system market is expected to reach 3,537 million in 2012, from 2,600 million in 2008.”
The report ‘Global Superconducting Magnetic Energy Storage Systems (SMES) Market 2008-2012’, recently published by TechNavioTM Insights, provides valuable information on the market. Besides, it also segments the market in terms of geography and technology, and discusses the market trends and drivers. For further information on this report, you can visit: http://www.technavio.com/content/global-superconducting-magnetic-energy-storage-systems-smes-market