US Superconducting Magnetic Energy Storage Market Summary
The United States Superconducting Magnetic Energy Storage market is poised for substantial growth, projected to reach 126 USD Million by 2035.
Key Market Trends & Highlights
US Superconducting Magnetic Energy Storage Key Trends and Highlights
- The market valuation is expected to grow from 18.9 USD Million in 2024 to 126 USD Million by 2035.
- The compound annual growth rate (CAGR) for the period from 2025 to 2035 is estimated at 18.82%.
- This growth trajectory indicates a robust expansion in the adoption of superconducting magnetic energy storage technologies.
- Growing adoption of superconducting magnetic energy storage due to increasing demand for efficient energy storage solutions is a major market driver.
Market Size & Forecast
2024 Market Size | 18.9 (USD Million) |
2035 Market Size | 126 (USD Million) |
CAGR (2025-2035) | 18.82% |
Major Players
Con Edison, AEP Energy, American Superconductor Corporation, Toshiba, Duke Energy, Dominion Energy, Western Electric, NRG Energy, Superconductor Technologies Inc, General Electric, Hitachi, Brookhaven National Laboratory, Siemens, Fermilab