TechNavio today launched its report Global Superconducting Magnetic Energy Storage Systems Market 2011“2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers™ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio™s Clean Tech team said; An increasing investment in R&D activities is a significant trend observed in the Global Superconducting Magnetic Energy Storage (SMES) Systems market. For instance, many private and public organizations are providing funding for research to be carried out regarding SMES. Universities and research labs are developing new devices based on superconducting technology. Many other research organizations are also working on developing energy storage technology using SMES systems. This increased investment in R&D activities is a major trend that is positively affecting the growth of the Global SMES Systems market.
According to the report, one of the most important features of SMES systems that is triggering the growth of the Global SMES Systems market is its ability to recharge and discharge in a quicker period compared to other energy storage devices. Moreover, SMES systems can also recharge their sequence many times over without degrading the magnet. This in turn results in the increased growth of the Global SMES Systems market.
Further, the report also discusses that technological challenges are the major hindrance for the growth of the Global SMES Systems market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-superconducting-magnetic-energy-stor…
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TechNavio Announces the Publication of its Report “ Global Superconducting Magnetic Energy Storage Systems Market 2011“2015
