Global Superconducting Wire Market Report 2021-2027 - Particle Accelerator and Mass Spectrometers Propel Growth

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:

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

• Developing Regions: Hot Spots for Future Growth

• Competitive Scenario

2. FOCUS ON SELECT PLAYERS(Total 27 Featured)

• 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/5kg0ii

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