Global Market for Superconducting Wires

Dublin, March 22, 2023 (GLOBE NEWSWIRE) -- The "Superconducting Wire: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Superconducting Wires estimated at US$1.1 Billion in the year 2022, is projected to reach a revised size of US$1.7 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030.

High Temperature, one of the segments analyzed in the report, is projected to record 5.6% CAGR and reach US$1.2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Low & Medium Temperature segment is readjusted to a revised 4.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $341.3 Million, While China is Forecast to Grow at 7% CAGR

The Superconducting Wires market in the U.S. is estimated at US$341.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$242.4 Million by the year 2030 trailing a CAGR of 7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Select Competitors (Total 27 Featured) -

• American Superconductor Corporation

• Bruker Corporation

• Fujikura Ltd.

• Furukawa Electric Co., Ltd.

• Japan Superconductor Technology, Inc.

• MetOx Technologies

• Sumitomo Electric Industries, Ltd.

• Supercon Inc.

• Superconductor Technologies Inc.

• Superox;Theva Dunnschichttechnik GmbH

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor percentage market shares

• Market presence across multiple geographies - Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and Research Platform

• Complimentary updates for one year

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Impact of Covid-19 and a Looming Global Recession

• Superconductors: The Greatest Scientific Discovery of the 21st Century

• An Introduction to Superconducting Wire

• Definition

• Types of Superconducting Wires

• Key Application Sectors of Superconducting Wire

• Superconducting Wires: Current Market Scenario and Outlook

• Recent Market Activity

• High Temperature Superconducting (HTS) Wire: Major Product Segment

• Low & Medium Temperature Superconductors Remain in Contention

• Market Analysis by Region: Developed Regions, the Prime Revenue Contributors

• Percentage Breakdown of Value Sales for Developed and Developing Regions (2020 & 2027)

• Developing Regions: Hot Spots for Future Growth

• Global Superconducting Wire Market - Geographic Regions Ranked by % CAGR (Sales) for 2020-2027

• Competitive Scenario

• Superconducting Wire - Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Growth Opportunities in Medical, Electronics & Communication, Industrial Processing and Research Steer Market Growth

• The Aging and Heavily Burdened Electric Power Infrastructure Welcomes the Emergence of Superconductors and Superconducting Wires

• Spiraling Increase in Energy Demand Spurs Interest in Sustainable & Lossless Energy Transport Enabled by Zero Electrical Resistance Superconducting Power Lines: World Energy Consumption (in Quadrillion BTU) for the Years 2016, 2020, 2030 & 2040

• High Electricity Transmission & Distribution (T&D) Losses Brings Superconducting Power Lines Into the Spotlight for Resource Wastage Mitigation: World T&D Losses as a % of Total Energy Generated in Select Countries

• Superconducting Wires Make a Sizable Impact on the Electrical Motor Market

• Growing Demand for Superconductors for Computer Chip Designing Technology in Electronics Sector

• Growth in Demand for Superconducting Wires in Particle Accelerator and Mass Spectrometers Propel Growth

• Rising Demand for Superconductors for MRI System in Medical Sector Propels the Market

• Introduction of Ultra-Low Field Magnetic Resonance Imaging (ULF-MRI) to Spur Superconducting Magnet Demand

• Growing MRI Machine Availability in the Healthcare Sector Spurs Upstream Opportunities for Superconductors in the Production of MRI Machines: MRI Machines Per Million People in Select Countries

• Increase in Demand for Efficient Electric Motors for the Medical Industry Drive Growth

• Select Technology and Superconducting Material Innovations

• High Raw Material and Manufacturing Costs Pose Challenge to the Industry

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/t24yz

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• Global Market for Superconducting Wires

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