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The market for superconducting wire is anticipated to expand at a CAGR of 10.80% between 2023 and 2030.
The global market for superconducting wires is anticipated to expand quickly over the course of the forecast period due to the large number of projects employing these wires now under development. Some of the practical uses for the next superconductor include magnetic resonance imaging (MRI), fault current limiters, power lines, motors, generators, magnetic separators, and transformers. Over the course of the forecast period, it is anticipated that the global market would grow quickly due to many initiatives in the field of superconductivity. Universities like the University of Houston and the Massachusetts Institute of Technology in the United States, which have made several breakthroughs in superconductor technologies for medical, energy, and industrial applications, are currently working on a number of superconductor-based research projects.
Niobium-titanium and other superconductors make up the superconducting wire. It has no electrical resistance at temperatures below its transition point. Yttrium barium copper oxide (YBCO), a high-temperature superconductor, currently offers numerous advantages over copper and aluminium, including higher maximum current densities and zero power dissipation. Superconducting cables are used in the smart grid, electric motors, transformers, and power storage devices. The expanding demand from the electronics industry is another significant factor in the market under study. Among end-user industries, the medical sector is anticipated to hold the highest market share over the course of the estimate. Superconducting wire is a crucial part of the technology used to design computer processors, which is also developing.
Due to numerous operations taking place in the realm of superconductivity, the global market for superconducting wire is anticipated to expand rapidly over the forecast period. Universities like the University of Houston and Massachusetts Institute of Technology in the US are conducting a number of superconductor-based research projects that have led to numerous advancements in superconductor technologies for use in medical, energy, and industrial applications.
Based on connectivity, type, application, and geography, the global market for superconducting wire has been divided into submarkets. The market is divided into low and medium temperature superconductors and high temperature superconductors based on type. The market for superconducting wire is predicted to be dominated by the high temperature superconducting wire segment due to the growing application of these wires in electronics, industrial processes, research, and medicine.
Superconductors like niobium-titanium are used to make superconducting wire. In the event that it is cooled below its transition temperature, it exhibits zero electrical resistance. In comparison to copper and aluminium, high temperature superconductors like yttrium barium copper oxide (YBCO) now tend to offer more benefits, such as higher maximum current densities and no power dissipation. Transformers, power storage devices, smart grid, and electric motors all require superconducting cables. Based on the temperature at which the conductor needs to be chilled in order to become a superconductor, superconducting wires can be divided into two categories: high-temperature and low-temperature.
Report Coverage
Global Superconducting Wire research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Superconducting Wire report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Superconducting Wire competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Superconducting Wire market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Superconducting Wire market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Superconducting Wire market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
American Superconductor Corporation, Fujikura Ltd., Furukawa Electric Co., Ltd., Superconductor Technologies Inc., Bruker Corporation, Eaton, Sumitomo Electric Industries, Superox, Theva Dunnschichttechnik GmbH, Japan Superconductor, Phoenix Contact, and Fuji Electric
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Superconducting Wire market based on the below-mentioned segments:
Global Superconducting Wire Market, By Type
High Temperature
Low
Medium Temperature
Global Superconducting Wire market, By Application
Energy
Medical
Industry
Research
Global Superconducting Wire market, Regional Analysis
The global market for superconducting wires is anticipated to expand quickly over the course of the forecast period due to the large number of projects employing these wires now under development. Some of the practical uses for the next superconductor include magnetic resonance imaging (MRI), fault current limiters, power lines, motors, generators, magnetic separators, and transformers. Over the course of the forecast period, it is anticipated that the global market would grow quickly due to many initiatives in the field of superconductivity. Universities like the University of Houston and the Massachusetts Institute of Technology in the United States, which have made several breakthroughs in superconductor technologies for medical, energy, and industrial applications, are currently working on a number of superconductor-based research projects.
Niobium-titanium and other superconductors make up the superconducting wire. It has no electrical resistance at temperatures below its transition point. Yttrium barium copper oxide (YBCO), a high-temperature superconductor, currently offers numerous advantages over copper and aluminium, including higher maximum current densities and zero power dissipation. Superconducting cables are used in the smart grid, electric motors, transformers, and power storage devices. The expanding demand from the electronics industry is another significant factor in the market under study. Among end-user industries, the medical sector is anticipated to hold the highest market share over the course of the estimate. Superconducting wire is a crucial part of the technology used to design computer processors, which is also developing.
Due to numerous operations taking place in the realm of superconductivity, the global market for superconducting wire is anticipated to expand rapidly over the forecast period. Universities like the University of Houston and Massachusetts Institute of Technology in the US are conducting a number of superconductor-based research projects that have led to numerous advancements in superconductor technologies for use in medical, energy, and industrial applications.
Based on connectivity, type, application, and geography, the global market for superconducting wire has been divided into submarkets. The market is divided into low and medium temperature superconductors and high temperature superconductors based on type. The market for superconducting wire is predicted to be dominated by the high temperature superconducting wire segment due to the growing application of these wires in electronics, industrial processes, research, and medicine.
Superconductors like niobium-titanium are used to make superconducting wire. In the event that it is cooled below its transition temperature, it exhibits zero electrical resistance. In comparison to copper and aluminium, high temperature superconductors like yttrium barium copper oxide (YBCO) now tend to offer more benefits, such as higher maximum current densities and no power dissipation. Transformers, power storage devices, smart grid, and electric motors all require superconducting cables. Based on the temperature at which the conductor needs to be chilled in order to become a superconductor, superconducting wires can be divided into two categories: high-temperature and low-temperature.
Report Coverage
Global Superconducting Wire research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Superconducting Wire report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Superconducting Wire competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Superconducting Wire market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | American Superconductor Corporation, Fujikura Ltd., Furukawa Electric Co., Ltd., Superconductor Technologies Inc., Bruker Corporation, Eaton, Sumitomo Electric Industries, Superox, Theva Dunnschichttechnik GmbH, Japan Superconductor, Phoenix Contact, and Fuji Electric |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Superconducting Wire Market from 2021 to 2030.
- Market Forecast for Superconducting Wire Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Superconducting Wire competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Superconducting Wire
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Superconducting Wire market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Superconducting Wire market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
American Superconductor Corporation, Fujikura Ltd., Furukawa Electric Co., Ltd., Superconductor Technologies Inc., Bruker Corporation, Eaton, Sumitomo Electric Industries, Superox, Theva Dunnschichttechnik GmbH, Japan Superconductor, Phoenix Contact, and Fuji Electric
Primary Target Market
- Market Players of Superconducting Wire
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Superconducting Wire market based on the below-mentioned segments:
Global Superconducting Wire Market, By Type
High Temperature
Low
Medium Temperature
Global Superconducting Wire market, By Application
Energy
Medical
Industry
Research
Global Superconducting Wire market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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