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

·3-min read

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

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com 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


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