PUBLISHER: Grand View Research | PRODUCT CODE: 1530219
PUBLISHER: Grand View Research | PRODUCT CODE: 1530219
Superconducting Wire Market Size & Trends
The global superconducting wire market size was estimated at USD 1.14 billion in 2023 and is estimated to grow at a CAGR of 9.0% from 2024 to 2030. Superconducting wire offers superior conduction of electricity with minimal losses making it a popular wire material for energy generation and critical applications. The growing demand for efficient power transmission is anticipated to boost the market over the forecast period.
Superconducting wires have several benefits when compared to copper wires, owing to the higher maximum current densities and zero power dissipation that it exhibits. They are widely used in superconducting magnets, which are used in scientific and medical equipment where high magnetic fields are necessary.
Global Superconducting Wire Market Report Segmentation
This report forecasts revenue and volume growth at global, country, and regional levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global superconducting wire market report on the basis of product, end-use and region.
U.S.
Canada
Germany
UK
France
Italy
Spain
China
India
Japan
South Korea