Superconducting Magnets

PUBLISHED: April 3, 2024

PAGES: 274 Pages

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Description

Global Superconducting Magnets Market to Reach $4 Billion by 2030

The global market for Superconducting Magnets estimated at US$3.3 Billion in the year 2023, is expected to reach US$4 Billion by 2030, growing at a CAGR of 2.6% over the period 2023-2030. Medical Devices & Equipment application, one of the segments analyzed in the report, is expected to record 2.9% CAGR and reach US$1.9 Billion by the end of the analysis period. Growth in the Mass Spectrometers application segment is estimated at 2.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $635.3 Million, While China is Forecast to Grow at 3.3% CAGR

The Superconducting Magnets market in the U.S. is estimated at US$635.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$999.9 Million by the year 2030 trailing a CAGR of 3.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 1.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.

Introducing Our Exciting New Report Features for 2024

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What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 52 Featured) -

Agilent Technologies, Inc.
Bruker Corporation
Fujikura Ltd.
American Magnetics, Inc.
ASG Superconductors SpA
Cryomagnetics, Inc.
Elytt Energy
Cryogenic Ltd.
Advanced Magnet Lab, Inc.
Bilfinger SE
Bruker Energy & Supercon Technologies (BEST)
CRYO Industries of America, Inc.
Custom Coils
Commonwealth Fusion
CAEN ELS

Product Code: MCP-6605

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
- What is Superconductivity?
- Critical Temperatures of Select Superconductors
- An Introduction to Superconducting Magnets
- Major End-Use Applications of Superconducting Magnets
- Global Market Prospects & Outlook
- Medical Devices & Equipment Remain the Key Application Segment
- Asian Economies at the Forefront of Growth
- Competition
- Superconducting Magnets - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- World Brands
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Medical Devices Industry Continues to Stimulate Growth in Superconducting Magnets Market
- World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Growing Applications in MRI Equipment
- Rising Cancer Incidence & Use of NMR Equipment in Cancer Therapy Drives Demand for Superconducting Magnets
- Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
- Rising Significance of Superconducting Magnetic Energy Storage (SMES) Systems Supports Market Growth
- Role of Superconducting Magnets in Reducing Weight and Size of Wind Turbines Fuels Prospects
- Mass Spectrometers Market: High Growth Potential
- Global Mass Spectrometry Market Size (in US$ Billion) for the Years 2020, 2022, 2024 and 2026
- Transportation Sector Remains a Highly Promising Market for Semiconducting Magnets
- Maglev Technology to Radically Transform the World of Transportation
- Superconducting Magnets and Molecular Biology Open Up Opportunities in Drug Discovery Space
- Sophisticated High-Temperature Superconducting Magnets to Enable New Scientific and Industrial Applications
- Focus on Nuclear Fusion Research Augurs Well for the Market
- Powerful Superconducting Magnets for High-Energy Colliders
- Spectacular R&D Feats for Superconducting Magnets Accelerate Next Leap for Colliders
- Regional Efforts towards Magnet Development
- Superconducting Materials Present Numerous Opportunities and Challenges for Large-Scale Applications
- Focus on Unconventional Superconductivity Holds Potential for New Applications
- Next-Generation Superconductor Magnets Open Realms of Innovative Applications
- MIT and CFS Collaboration Develop New Superconducting Magnet for Fusion Energy
- Princeton Researchers Develop an Innovative Electromagnet for Fusion Energy
- Tokamak Energy Announces New Magnet Protection Technology
- SMARAGDI Wins Grant for Superconducting Magnet Technology
- Swedish Project Focuses on Developing Superconducting Magnets for Control of Charged Particles
- Chinese Researchers Develop New Superconducting Magnet for MRI System
- Researchers from MagLab Achieve Record Magnetic Field Intensity
- Researchers Develop and Demonstrate 32T Superconducting Magnet
- New Conducing Layer to Push Critical Temperature for Superconductivity
- Sophisticated 32T Superconducting Magnet to Open New Avenues in Technology
- Advances in Cryogenics and Superconducting Materials Enable Compact Magnets
- CERN Eyes on High-Field Superconducting Magnets for Novel Applications
- Superconducting Magnets to Find Use in Satellite Propulsion Systems
- Superconducting Transition Provides Opportunity to Exploit Quantum Information Technologies
4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Superconducting Magnets Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
- TABLE 2: World Recent Past, Current & Future Analysis for Superconducting Magnets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 3: World Historic Review for Superconducting Magnets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 4: World 16-Year Perspective for Superconducting Magnets by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2014, 2024 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Medical Devices & Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 6: World Historic Review for Medical Devices & Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 7: World 16-Year Perspective for Medical Devices & Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
- TABLE 8: World Recent Past, Current & Future Analysis for Mass Spectrometers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 9: World Historic Review for Mass Spectrometers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 10: World 16-Year Perspective for Mass Spectrometers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
- TABLE 11: World Recent Past, Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 12: World Historic Review for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 13: World 16-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
- TABLE 14: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 15: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 16: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030

III. MARKET ANALYSIS

UNITED STATES
- Superconducting Magnets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
- TABLE 17: USA Recent Past, Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 18: USA Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 19: USA 16-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2014, 2024 & 2030
CANADA
- TABLE 20: Canada Recent Past, Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 21: Canada Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 22: Canada 16-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2014, 2024 & 2030
JAPAN
- Superconducting Magnets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
- TABLE 23: Japan Recent Past, Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 24: Japan Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 25: Japan 16-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2014, 2024 & 2030
CHINA
- Superconducting Magnets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
- TABLE 26: China Recent Past, Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 27: China Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 28: China 16-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2014, 2024 & 2030
EUROPE
- Superconducting Magnets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
- TABLE 29: Europe Recent Past, Current & Future Analysis for Superconducting Magnets by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 30: Europe Historic Review for Superconducting Magnets by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 31: Europe 16-Year Perspective for Superconducting Magnets by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
- TABLE 32: Europe Recent Past, Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 33: Europe Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 34: Europe 16-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2014, 2024 & 2030
FRANCE
- Superconducting Magnets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
- TABLE 35: France Recent Past, Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 36: France Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 37: France 16-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2014, 2024 & 2030
GERMANY
- Superconducting Magnets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
- TABLE 38: Germany Recent Past, Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 39: Germany Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 40: Germany 16-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2014, 2024 & 2030
ITALY
- TABLE 41: Italy Recent Past, Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 42: Italy Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 43: Italy 16-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2014, 2024 & 2030
UNITED KINGDOM
- Superconducting Magnets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
- TABLE 44: UK Recent Past, Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 45: UK Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 46: UK 16-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2014, 2024 & 2030
REST OF EUROPE
- TABLE 47: Rest of Europe Recent Past, Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 48: Rest of Europe Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 49: Rest of Europe 16-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2014, 2024 & 2030
ASIA-PACIFIC
- Superconducting Magnets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
- TABLE 50: Asia-Pacific Recent Past, Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 51: Asia-Pacific Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 52: Asia-Pacific 16-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2014, 2024 & 2030
LATIN AMERICA
- Superconducting Magnets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
- TABLE 53: Latin America Recent Past, Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 54: Latin America Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 55: Latin America 16-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2014, 2024 & 2030
REST OF WORLD
- TABLE 56: Rest of World Recent Past, Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 57: Rest of World Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 58: Rest of World 16-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2014, 2024 & 2030