Global Superconducting Wire Markets, 2020-2027 - Growth Opportunities in Medical, Electronics & Communication, Industrial Processing and Research

DUBLIN, July 15, 2021 /PRNewswire/ -- The "Superconducting Wire - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Superconducting Wires Market to Reach $1.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Superconducting Wires estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 4% over the period 2020-2027.

High Temperature, one of the segments analyzed in the report, is projected to record 4.3% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Low & Medium Temperature segment is readjusted to a revised 3.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $339.7 Million, While China is Forecast to Grow at 5.3% CAGR

The Superconducting Wires market in the U.S. is estimated at US$339.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$202 Million by the year 2027 trailing a CAGR of 5.3% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 3.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looing 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
• Developing Regions: Hot Spots for Future Growth
• Competitive Scenario

• American Superconductor Corporation
• Bruker Corporation
• Fujikura Ltd.
• Furukawa Electric Co., Ltd.
• Japan Superconductor Technology, Inc.
• Metal Oxide Technologies LLC
• Sumitomo Electric Industries, Ltd.
• Supercon Inc.
• Superconductor Technologies Inc.
• Superox
• Theva Dunnschichttechnik GmbH

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
• 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
• 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

UNITED STATES

• Market Overview
• 2GHTS Seeks to Emerge as Mainstream Technology
• US Department of Energy Strides Towards Enhanced Utility Infrastructure
• Superconductors Gain Critical Importance in MRI

CANADA

JAPAN

CHINA

• China's Superconductor Market
• Government Support Driving Growth in the Field of Superconductivity
• Superconductor Based Power Transformers

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

REST OF WORLD

IV. COMPETITION

• Total Companies Profiled: 27

For more information about this report visit https://www.researchandmarkets.com/r/mj1u26

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]   

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

View original content:https://www.prnewswire.com/news-releases/global-superconducting-wire-markets-2020-2027---growth-opportunities-in-medical-electronics--communication-industrial-processing-and-research-301334920.html

SOURCE Research and Markets

[ Back To TMCnet.com's Homepage ]