Global Superconductors Strategic Business Report 2023: Search for Innovative Ways to Store Energy & Ensuing Rise in Popularity of Superconducting Magnetic Energy Storage Drives Growth
The global market for Superconductors estimated at US$8.4 Billion in the year 2022, is projected to reach a revised size of US$17.6 Billion by 2030, growing at a CAGR of 9.6% over the analysis period 2022-2030.
Low & Medium Temperature, one of the segments analyzed in the report, is projected to record 9.2% CAGR and reach US$9.6 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the High Temperature segment is readjusted to a revised 10.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.5 Billion, While China is Forecast to Grow at 9% CAGR
The Superconductors market in the U.S. is estimated at US$2.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2030 trailing a CAGR of 9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.
Select Competitors (Total 23 Featured) -
American Superconductor Corporation
Bruker Corporation
Ceraco Ceramic Coating GmbH
Cryomagnetics Inc.
Deutsche Nanoschicht GmbH
Fujikura Ltd.
Furukawa Electric Co. Ltd.
Hyper Tech Research Inc.
Japan Superconductor Technology Inc.
LS Cable & System Ltd.
Scientific Magnetics
Southwire Company
Sumitomo Electric Industries Ltd.
Supercon Inc.
Superconductor Technologies Inc.
SuperOx
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Superconductors: The Greatest Scientific Discovery of the 21st Century
Recent Market Activity
Steady Growth Projected Over the Next Few Years
Market Analysis by Segment
Low Temperature Superconductors (LTS): Largest Product Category
High Temperature Superconductors (HTS) Fastest Growing Segment
Market Analysis by Region
Developed Regions: Prime Revenue Contributors
Developing Regions: Hot Spots for Future Growth
Stable Economic Scenario to Aid Market Expansion
Superconductors - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
The Aging and Heavily Burdened Electric Power Infrastructure Welcomes the Emergence of Superconductors
Crowded Skies & the Need for Other Rapid Transit Alternatives Drive Interest in Magnetic Levitation Transport
Medical Imaging: The Largest Application Area Generating a Major Chunk of Market Revenues
Emerging Significance of Biomagnetism As an Alternate Form of Medicine Opens Up a New Application Possibility for Superconductors
Robust Investments in Life Sciences and Biotechnology Drives Opportunities for Superconductors in Nuclear Magnetic Resonance Spectroscopy (NMR)
Search for Innovative Ways to Store Energy & the Ensuing Rise in Popularity of Superconducting Magnetic Energy Storage Drives Growth in the Market
Superconductors Make a Sizable Impact on the Electrical Equipment Market
Electric Motors
Fault Current Limiters (FCLs)
Generators
Tapping into the Electrodynamics of Superconductors Marks the Emergence of Superconducting Electronics
Superconducting Spintronics Gets a Headstart
Global Focus on Innovation through R&D Provides a Lucrative Platform for the Development & Commercialization of Superconductors
Pushing the Frontiers of Human Knowledge: A Peek into the Most Recent Innovations in Superconducting Materials Made by Scientific Research Facilities Worldwide
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