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:
| Report Attribute | Details |
| No. of Pages | 224 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.1 Billion |
| Forecasted Market Value (USD) by 2030 | $1.7 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
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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