Dublin, July 15, 2021 (GLOBE NEWSWIRE) -- 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:
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
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
2. FOCUS ON SELECT PLAYERS(Total 27 Featured)
American Superconductor Corporation
Furukawa Electric Co., Ltd.
Japan Superconductor Technology, Inc.
Metal Oxide Technologies LLC
Sumitomo Electric Industries, Ltd.
Superconductor Technologies Inc.
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
2GHTS Seeks to Emerge as Mainstream Technology
US Department of Energy Strides Towards Enhanced Utility Infrastructure
Superconductors Gain Critical Importance in MRI
China's Superconductor Market
Government Support Driving Growth in the Field of Superconductivity
Superconductor Based Power Transformers
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF WORLD
Total Companies Profiled: 27
For more information about this report visit https://www.researchandmarkets.com/r/5kg0ii
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org 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