PUBLISHER: IMARC | PRODUCT CODE: 1451843
PUBLISHER: IMARC | PRODUCT CODE: 1451843
Superconductor Market Report by Type (Low Temperature Superconductors, High Temperature Superconductors), Application (Medical, Electronics, Defense and Military, and Others), and Region 2024-2032
The global superconductor market size reached US$ 7.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.4 Billion by 2032, exhibiting a growth rate (CAGR) of 8.21% during 2024-2032. The growing demand for energy transmission and storage, the rising government initiatives to promote clean energy and advanced technology initiatives, and the increasing awareness of climate represent some of the key factors driving the market.
A superconductor is a material that exhibits minimum electrical resistance when cooled below a certain temperature. It exhibits perfect conductivity for direct current (DC) and alternating current (AC) without any energy loss. It has the ability to generate strong magnetic fields, which led to the development of powerful superconducting magnets utilized in magnetic resonance imaging machines and particle accelerators. Compared to regular conductors, which encounter resistance and lose energy as electric currents pass through them, superconductors allow the flow of electrons with almost no loss. It is employed in sensitive detectors for measuring minute magnetic fields, enhancing the performance of devices such as magnetometers and quantum computers. Additionally, it aids in improving the performance of electric power generators, including wind turbines and hydroelectric generators. It also has potential applications in high-speed computing, advanced electronics, and communication systems.
Superconductor Market Trends:
The rising demand for energy transmission and storage is driving the global market. Furthermore, the growing demand for advanced healthcare facilities and imaging technologies is catalyzing the demand for superconducting materials used in MRI systems. Along with this, rapid expansion in the transportation industry is supporting the demand for superconductors as trains utilize superconducting magnets that help in achieving high speeds, low energy consumption, and reduced friction, further offering a greener and more efficient mode of transportation. Besides, several leading players are heavily investing in extensive research and development (R&D) activities to develop new superconducting materials, improve their critical temperatures, and enhance their performance, thus propelling the overall market. In line with this, ongoing advancements in material science, such as the discovery of high-temperature superconductors, are acting as another growth-inducing factor. Apart from this, the governments of several countries are offering financial support and grants and are collaborating with academia and several industries to promote clean energy and advanced technology initiatives, thus creating a positive market outlook. Additionally, the increasing awareness of climate change and the need to transition to low-carbon technologies are impacting the market favorably as they improve energy efficiency, reduce greenhouse gas emissions, and enable renewable energy integration to align with global efforts to combat climate change. The growing need for advanced infrastructure, such as high-speed railways, advanced energy systems, and smart cities, is also impelling the market as superconductors exhibit the ability to improve energy efficiency, reduce emissions, and enhance transportation systems positions.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global superconductor market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type and application.
Type Insights:
Low Temperature Superconductors
High Temperature Superconductors
The report types provided a detailed breakup and analysis of the superconductor market based on the type. This includes low temperature superconductors, and high temperature superconductors. According to the report, low temperature superconductors exhibited a clear dominance in the market.
Application Insights:
Medical
Electronics
Defense and Military
Others
A detailed breakup and analysis of the superconductor market based on the application has also been provided in the report. This includes medical, electronics, defense and military, and others. According to the report, medical application exhibited a clear dominance in the market.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific exhibited a clear dominance in the market. Some of the factors driving the Asia Pacific superconductor market included expanding aerospace and defense industry, the rising demand for consumer electronics and high-speed data transfer, and increasing need to reduce carbon footprint.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global superconductor market. Detailed profiles of all major companies have been provided. Some of the companies covered include Bruker Corporation, Fujikura Ltd., Furukawa Electric Co. Ltd., Hyper Tech Research Inc., Japan Superconductor Technology Inc. (Kobe Steel Ltd.), Luvata Oy (Mitsubishi Materials Corporation), Sumitomo Electric Industries Ltd, Supercon Inc., Theva Dunnschichttechnik GmbH, Western Superconducting Technologies Co. Ltd. etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global superconductor market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global superconductor market?
- What is the impact of each driver, restraint, and opportunity on the global superconductor market?
- What are the key regional markets?
- Which countries represent the most attractive superconductor market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the superconductor market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the superconductor market?
- What is the competitive structure of the global superconductor market?
- Who are the key players/companies in the global superconductor market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Superconductor Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Low Temperature Superconductors
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 High Temperature Superconductors
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Application
- 7.1 Medical
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Electronics
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Defense and Military
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Bruker Corporation
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Fujikura Ltd.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 Furukawa Electric Co. Ltd.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Hyper Tech Research Inc.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Japan Superconductor Technology Inc. (Kobe Steel Ltd.)
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Luvata Oy (Mitsubishi Materials Corporation)
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Sumitomo Electric Industries Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Supercon Inc.
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Theva Dunnschichttechnik GmbH
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 Western Superconducting Technologies Co. Ltd.
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.1 Bruker Corporation
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Superconductor Market: Major Drivers and Challenges
- Figure 2: Global: Superconductor Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Superconductor Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Superconductor Market: Breakup by Type (in %), 2023
- Figure 5: Global: Superconductor Market: Breakup by Application (in %), 2023
- Figure 6: Global: Superconductor Market: Breakup by Region (in %), 2023
- Figure 7: Global: Superconductor (Low Temperature Superconductors) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Superconductor (Low Temperature Superconductors) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Superconductor (High Temperature Superconductors) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Superconductor (High Temperature Superconductors) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Superconductor (Medical) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Superconductor (Medical) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Superconductor (Electronics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Superconductor (Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Superconductor (Defense and Military) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Superconductor (Defense and Military) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Superconductor (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Superconductor (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: North America: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: North America: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: United States: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: United States: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Canada: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Canada: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Asia-Pacific: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Asia-Pacific: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: China: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: China: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Japan: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Japan: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: India: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: India: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: South Korea: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: South Korea: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Australia: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Australia: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Indonesia: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Indonesia: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Others: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Others: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Europe: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Europe: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Germany: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Germany: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: France: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: France: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: United Kingdom: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: United Kingdom: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Italy: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Italy: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Spain: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Spain: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Russia: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Russia: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Others: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Others: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Latin America: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Latin America: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Brazil: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Brazil: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Mexico: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Mexico: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Others: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Others: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Middle East and Africa: Superconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Middle East and Africa: Superconductor Market: Breakup by Country (in %), 2023
- Figure 67: Middle East and Africa: Superconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Global: Superconductor Industry: Drivers, Restraints, and Opportunities
- Figure 69: Global: Superconductor Industry: Value Chain Analysis
- Figure 70: Global: Superconductor Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Superconductor Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Superconductor Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Superconductor Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Superconductor Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Superconductor Market: Competitive Structure
- Table 6: Global: Superconductor Market: Key Players
