DUBLIN, June 9, 2023 /PRNewswire/ — The “Superconductors: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
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 CorporationBruker CorporationCeraco Ceramic Coating GmbHCryomagnetics Inc.Deutsche Nanoschicht GmbHFujikura Ltd.Furukawa Electric Co. Ltd.Hyper Tech Research Inc.Japan Superconductor Technology Inc.LS Cable & System Ltd.Scientific MagneticsSouthwire CompanySumitomo Electric Industries Ltd.Supercon Inc.Superconductor Technologies Inc.SuperOx
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market InsightsWorld Market TrajectoriesSuperconductors: The Greatest Scientific Discovery of the 21st CenturyRecent Market ActivitySteady Growth Projected Over the Next Few YearsMarket Analysis by SegmentLow Temperature Superconductors (LTS): Largest Product CategoryHigh Temperature Superconductors (HTS) Fastest Growing SegmentMarket Analysis by RegionDeveloped Regions: Prime Revenue ContributorsDeveloping Regions: Hot Spots for Future GrowthStable Economic Scenario to Aid Market ExpansionSuperconductors – 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 SuperconductorsCrowded Skies & the Need for Other Rapid Transit Alternatives Drive Interest in Magnetic Levitation TransportMedical Imaging: The Largest Application Area Generating a Major Chunk of Market RevenuesEmerging Significance of Biomagnetism As an Alternate Form of Medicine Opens Up a New Application Possibility for SuperconductorsRobust 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 MarketSuperconductors Make a Sizable Impact on the Electrical Equipment MarketElectric MotorsFault Current Limiters (FCLs)GeneratorsTapping into the Electrodynamics of Superconductors Marks the Emergence of Superconducting ElectronicsSuperconducting Spintronics Gets a HeadstartGlobal Focus on Innovation through R&D Provides a Lucrative Platform for the Development & Commercialization of SuperconductorsPushing the Frontiers of Human Knowledge: A Peek into the Most Recent Innovations in Superconducting Materials Made by Scientific Research Facilities Worldwide
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/j887xa
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