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    US Superconducting Magnetic Energy Storage Market

    ID: MRFR/E&P/15683-HCR
    100 Pages
    Garvit Vyas
    October 2025

    US Superconducting Magnetic Energy Storage Market Research Report By Type (Low-Temperature, High-Temperature) and By Application (Power System, Industrial Use, Research Institution, Others) - Forecast to 2035

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    US Superconducting Magnetic Energy Storage Market Infographic
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    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

    US Superconducting Magnetic Energy Storage Market Trends

    The US Superconducting Magnetic Energy Storage Market is experiencing significant growth due to several key market drivers. One important driver is the increasing demand for renewable energy sources, as the US aims to transition towards cleaner energy. This transition necessitates the development of energy storage solutions that can efficiently manage fluctuations in energy supply and demand. Superconducting magnetic energy storage (SMES) systems provide rapid response capabilities and high efficiency, making them attractive for grid stability and reliability.

    Additionally, government initiatives to enhance energy efficiency and reduce greenhouse gas emissions promote investments in advanced energy storage technologies.Opportunities to be explored in the US market include the integration of SMES systems with renewable projects, especially wind and solar. As these renewable sources become more prevalent, the need for effective energy storage solutions that maintain grid stability and availability will grow. Furthermore, advancements in superconducting materials and reduced costs of manufacturing SMES systems present new avenues for companies looking to enter or expand in the market.

    The US Department of Energy encourages innovation in energy storage technologies, creating a favorable environment for businesses and research institutions to collaborate on projects that leverage SMES. Trends in recent times reflect a focus on improving the energy infrastructure in the US. Several states are investing in smart grid technologies that will enhance the current grid’s capability. Programs aimed at pilot projects with SMES demonstration units are also emerging, showcasing the practical application of this technology in real-world settings.

    This growing interest indicates a shift towards adopting superconducting energy solutions as essential components of a sustainable energy future in the US. Overall, this evolving landscape presents numerous opportunities for stakeholders at all levels to participate in a transformative energy storage market.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Market Segment Insights

    US Superconducting Magnetic Energy Storage Market Segment Insights:

    US Superconducting Magnetic Energy Storage Market Segment Insights:

    Superconducting Magnetic Energy Storage Market Type Insights

    Superconducting Magnetic Energy Storage Market Type Insights

    The US Superconducting Magnetic Energy Storage Market is characterized by its diverse Type segmentation, primarily split into Low-Temperature and High-Temperature categories. These segments play essential roles in the energy storage landscape due to their unique operating principles and applications. Low-Temperature superconductors are quite significant as they operate below the critical temperature, enabling efficient energy storage and rapid discharge capabilities, making them suitable for applications that require high performance and stability.

    On the other hand, High-Temperature superconductors are gaining traction given their ability to operate at comparatively higher temperatures, which translates into reduced cooling costs and a broader range of potential applications. The integration of these types into energy systems addresses critical issues such as grid stability and energy management, becoming increasingly vital as renewable energy sources like wind and solar gain a larger footing in the overall energy mix.

    The adoption of superconducting magnetic energy storage technology aids in balancing energy supply and demand, particularly in regions heavily invested in renewable energy, helping to mitigate the intermittency associated with these sources. These technological advancements result in greater energy efficiency, significantly enhancing grid reliability while also contributing to reduced operational costs over time. As the US government continues to support initiatives focused on clean energy and energy storage technologies, the potential for growth in both Low-Temperature and High-Temperature segments appears favorable, positioning these technologies at the forefront of energy innovation.

    Furthermore, as regulatory frameworks evolve and the demand for advanced energy storage solutions increases, these Type segments are expected to play crucial roles in driving the overall expansion of the US Superconducting Magnetic Energy Storage Market landscape.

    Superconducting Magnetic Energy Storage Market Application Insights

    Superconducting Magnetic Energy Storage Market Application Insights

    The Application segment of the US Superconducting Magnetic Energy Storage Market plays a crucial role in enhancing energy storage solutions across various industries. This segment caters to critical areas such as Power System, where it aids in grid stability and ensures reliable energy supply amidst fluctuating demand. Additionally, in Industrial Use, superconducting magnetic energy storage systems support large-scale energy management and operational efficiency, significantly benefiting manufacturing and production setups. Research Institutions leverage these technologies for innovative projects and experimental applications, driving advancements in energy storage techniques.

    Other applications also contribute to market diversity by meeting specific niche demands in energy management. The expansion in this segment is driven by the increasing need for efficient energy solutions, epitomizing the positive growth trajectory of the US Superconducting Magnetic Energy Storage Market. With government-backed initiatives and rising investments in clean energy technologies, the market for superconducting magnetic energy storage solutions is expected to grow, offering numerous opportunities in energy storage and management across multiple sectors.

    Get more detailed insights about US Superconducting Magnetic Energy Storage Market

    Key Players and Competitive Insights

    The US Superconducting Magnetic Energy Storage Market is witnessing significant competitive dynamics as several players vie for market leadership amid increasing demand for sustainable energy solutions. With advancements in technology and growing investments in renewable energy sources, the competitive landscape is becoming more complex. Companies are focusing on innovation, partnerships, and strategic expansions to enhance their market presence. Market players are also leveraging state-of-the-art research and development initiatives to improve the efficiency and reliability of superconducting magnetic energy systems.

    As the need for large-scale energy storage solutions rises, understanding competitive insights within this sector is crucial for stakeholders aiming to capitalize on emerging opportunities in the US energy landscape.Con Edison is well positioned in the US Superconducting Magnetic Energy Storage Market, driven by its strong operational capabilities and commitment to sustainability. The company's long-standing reputation in the energy sector and its focus on integrating advanced technologies into its energy infrastructure allow it to effectively participate in energy storage solutions. Con Edison has invested in superconducting technologies, demonstrating its capacity to deliver high-performance energy storage systems.

    With a robust network of resources and expertise in energy management, the company has the necessary strengths to navigate the competitive landscape, positioning itself as a key player in enhancing energy reliability and sustainability. AEP Energy is recognized for its significant contributions to the US Superconducting Magnetic Energy Storage Market, offering a range of products and services designed to meet the evolving needs of the energy sector. The company has established a strong market presence through strategic partnerships and investments in cutting-edge energy storage technologies.

    AEP Energy's strengths lie in its extensive experience in the energy sector, enabling it to provide effective solutions for energy storage that are efficient and scalable. The company has also pursued mergers and acquisitions to bolster its capabilities and expand its portfolio in the superconducting energy sphere. By continuously innovating and adapting to market demands, AEP Energy aims to solidify its position in the competitive landscape of superconducting magnetic energy storage in the US.

    Key Companies in the US Superconducting Magnetic Energy Storage Market market include

    Industry Developments

    The US Superconducting Magnetic Energy Storage Market has recently seen notable developments, including heightened investments and advances in technology. In July 2023, American Superconductor Corporation announced a collaboration with Toshiba to enhance superconducting technology for energy applications. Con Edison and Duke Energy are increasing their focus on integrating superconducting magnetic energy storage solutions to improve grid resilience and reduce costs, while Dominion Energy is piloting integrating superconducting technologies with renewable energy sources as part of its sustainability initiatives.

    The market valuation for companies engaged in superconducting technologies is on an upward trend, spurred by increasing demand for renewable energy storage, which is impacting the strategic direction of all involved firms. In terms of significant events, in March 2022, General Electric announced its ambition to diversify its energy storage solutions, which included superconducting applications. Additionally, Superconductor Technologies Inc is actively pursuing development projects to enhance its superconducting wire technology, which it aims to commercialize further. This momentum hints at a rapidly evolving market landscape with ongoing research, collaboration, and increased focus on sustainability within the US energy sector.

    Market Segmentation

    Outlook

    • Power System
    • Industrial Use
    • Research Institution
    • Others

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 16.8 (USD Million)
    MARKET SIZE 2024 18.9 (USD Million)
    MARKET SIZE 2035 126.0 (USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 18.823% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED 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
    SEGMENTS COVERED Type, Application
    KEY MARKET OPPORTUNITIES Increased grid stability demand, Renewable energy integration growth, Advancements in superconducting materials, Government funding and support, Energy storage cost reduction.
    KEY MARKET DYNAMICS increased renewable energy integration, demand for grid stability, advancements in superconducting materials, government funding and incentives, growing energy storage competition
    COUNTRIES COVERED US

    FAQs

    What is the expected market size of the US Superconducting Magnetic Energy Storage Market in 2024?

    The US Superconducting Magnetic Energy Storage Market is expected to be valued at 18.9 million USD in 2024.

    What will be the market value of the US Superconducting Magnetic Energy Storage Market by 2035?

    By 2035, the market is anticipated to reach a value of 126.0 million USD.

    What is the projected CAGR for the US Superconducting Magnetic Energy Storage Market from 2025 to 2035?

    The market is projected to grow at a CAGR of 18.823 percent from 2025 to 2035.

    Which type segment will dominate the US Superconducting Magnetic Energy Storage Market by 2035?

    By 2035, the High-Temperature segment is expected to dominate with an estimated value of 66.0 million USD.

    What is the estimated market size for Low-Temperature segment in 2024?

    The Low-Temperature segment is expected to be valued at 9.5 million USD in 2024.

    How much is the High-Temperature segment projected to grow by 2035?

    The High-Temperature segment is projected to grow to 66.0 million USD by 2035.

    Who are the major players in the US Superconducting Magnetic Energy Storage Market?

    Key players include Con Edison, AEP Energy, American Superconductor Corporation, and Toshiba among others.

    What challenges may impact the growth of the US Superconducting Magnetic Energy Storage Market?

    Potential challenges include high costs associated with superconducting technology and regulatory hurdles.

    What are the key applications of Superconducting Magnetic Energy Storage systems?

    Key applications encompass grid stabilization, energy storage for renewable energy sources, and load leveling.

    What opportunities exist for growth in the US Superconducting Magnetic Energy Storage Market?

    Increasing demand for efficient energy storage and advancing technology present significant growth opportunities.

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