Dublin, Jan. 25, 2023 (GLOBE NEWSWIRE) -- The "Superconducting Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global superconducting materials market size reached US$ 902.6 Million in 2021. Looking forward, the publisher expects the market to reach US$ 2,290.2 Million by 2027, exhibiting a CAGR of 16.79% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Superconducting materials refer to various metallic compounds or alloys that can conduct electricity/ electric charge with no resistance and without releasing heat, sound and energy. Some of the commonly used superconducting materials include gallium, cadmium, aluminum, vanadium, zinc, tungsten, thorium, lead, titanium and lanthanum.
These materials are available in the form of powders or crystals, magnets, wires and cables. They are widely used in power storage devices, power grids, electric motors, magnetic levitation trains, magnetic resonance imaging (MRI) and electromagnetic generators. As a result, they find extensive applications across various industries, including electronics and medical.
Significant growth in the electronics and medical industries across the globe represents one of the key factors creating a positive outlook for the market. Superconducting materials are extensively used in the MRI equipment to diagnose various medical ailments, such as cardiovascular and musculoskeletal disorders, by producing accurate images of the internal organs.
In line with this, electronics manufacturers use these materials for resistance-free conductivity in electric fans, elevators, pumps, industrial equipment, air conditioners, televisions and refrigerators.
Additionally, various product innovations, such as the development of high-temperature superconducting fibers, are acting as other major growth-inducing factors. They are commonly used to manufacture high-endurance power cables, which can transmit energy at high speeds and can be efficiently utilized in various storage systems.
Other factors, including the utilization of superconducting materials for improving the performance of smart grids, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being American Superconductor Co., evico GmbH, Hitachi Ltd., Hyper Tech Research Inc., Metal Oxide Technologies, Inc., Siemens AG, Sumitomo Electric Industries Ltd., Superconductor Technologies Inc., SuperPower Inc. (The Furukawa Electric Co. Ltd.) and Western Superconducting Technologies Co. Ltd.
Key Questions Answered in This Report:
- How has the global superconducting materials market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global superconducting materials market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global superconducting materials market and who are the key players?
- What is the degree of competition in the industry?
| Report Attribute | Details |
| No. of Pages | 144 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value (USD) in 2021 | $902.6 Million |
| Forecasted Market Value (USD) by 2027 | $2290.2 Million |
| Compound Annual Growth Rate | 16.7% |
| Regions Covered | Global |
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Superconducting Materials Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Low-temperature Superconducting Materials (LTS)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 High-temperature Superconducting Materials (HTS)
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by End Use Industry
7.1 Medical
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Electronics
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Energy
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Defense
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
9 SWOT Analysis
10 Value Chain Analysis
11 Porters Five Forces Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 American Superconductor Co.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 evico GmbH
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Hitachi Ltd.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 Hyper Tech Research Inc.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Metal Oxide Technologies, Inc.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Siemens AG
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 Sumitomo Electric Industries Ltd.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 Superconductor Technologies Inc.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.9 SuperPower Inc. (The Furukawa Electric Co. Ltd.)
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Western Superconducting Technologies Co. Ltd.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
For more information about this report visit https://www.researchandmarkets.com/r/sftdkf
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