Superconducting Wire Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Superconducting Wire Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Semiconductors

Report Description

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Superconducting wire is a wire made of superconductors which has zero electrical resistance, and can replace the traditional large and heavy cables. Superconducting wires are used in a wide variety of applications such as electric power, energy industry, large scale computing, electric utility applications and many more. Niobium-titanium (NbTi) is one of the most commonly used superconducting wire, which is widely used for making superconducting magnets. Superconducting magnets are electromagnets made from coils of superconducting wires. These superconducting magnets are further used in the transportation industry. For instance, maglev trains could use the superconducting magnets for its levitation from the track level. It is one of the most efficient ways of creating a powerful magnetic field with a reasonable energy cost. Furthermore, it could also be used in the medical industry in Magnetic Resonance Imaging (MRI) machines. The superconducting wire can be used in formation of particle accelerators. The use of superconducting wires help the flow of large amount of electric current through significantly lower dimensions of cables possible. Superconducting wires are further used in a wide variety of industrial applications for carrying out large amount of current with no voltage drop.

The global superconducting wire market is expected to see significant growth during the forecast period 2017-2025 owing to the increased use of superconductors in various industry verticals. Additionally, the significant benefits associated with using superconducting wires in place of traditional cables is likely to have an impact on the global superconducting wire market. The amount of voltage carried by a superconducting wire is considerably high as compared to the traditional cables used. The high expenses associated with superconducting wires is a factor which could hamper the growth of the global superconducting wire market. Superconductors are to be kept under a critical temperature and are often supplemented by a magnetic field to avoid internal forces, maintenance of which could be expensive.

The global superconducting wire market is segmented in terms of type, industry, and geographical regions. On the basis of type, the market is segmented into Low Temperature Superconductor (LTS) wire and High Temperature Superconductor (HTS) wire. LTS wires are made from superconductors with low critical temperature while HTS wires are made from superconductors with high critical temperatures. LTS wires are cheaper compared to their counterpart. Owing to the low cost, LTS wires could see significant application in commercial use. LTS can be used for MRI magnets, Nuclear Magnetic Resonance (NMR) magnets, accelerator magnets, fusion magnets, Superconducting Magnetic Energy Storage (SMES) magnets and many more. HTS wires are used for induction heater magnets, current leads and more. Based on end use industry, the global superconducting wire market is segmented into healthcare, transportation, electrics and electronics and others. The healthcare industry is expected to have a significant share of the global superconducting wire market during the forecast period 2017-2025. As per geographical region, the superconducting wire market is segmented into North America, South America, Middle East & Africa, Europe, and Asia Pacific. Owing to the significant growth of the healthcare industry, the Asia Pacific region could see significant growth in the global superconducting wire market.

The superconducting wire market has many players due to the wide variety of uses. Some of the key players are Furukawa Electric Co. Ltd., Fujikura Ltd., Superconductor Technologies Inc., Siemens AG, Metal Oxide Technologies, American Semiconductor, Bruker Corporation, Supercon Inc., Japan Superconductor Technology Inc., and Sumitomo Electric Industries Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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