High-temperature Superconductor Wires Market by Type, Dielectric, Application

Description

List of Tables

[185 Pages Report] The High-temperature Superconductor Wires Market size was estimated at USD 12.04 billion in 2023 and expected to reach USD 13.11 billion in 2024, at a CAGR 9.17% to reach USD 22.26 billion by 2030.

Global High-temperature Superconductor Wires Market

KEY MARKET STATISTICS
Base Year [2023]	USD 12.04 billion
Estimated Year [2024]	USD 13.11 billion
Forecast Year [2030]	USD 22.26 billion
CAGR (%)	9.17%

High-temperature Superconductor Wires Market - IMG1

High-temperature superconductor (HTS) wires are made of unique superconducting materials using elements such as Bismuth, barium, strontium, copper, magnesium, and others for power-dense electrical transmission. Compared to conventional cables, HTS wires are easier and faster to install as they are compact and can be laid in existing underground oil, gas, water, or electric corridors. The minimal resistivity and high transmission capacity characteristics of HTS wires make them significantly dependable and economically viable for electrical networks and other applications. Government deployment of HTS wires to ensure enhanced power transmission & distribution and expansion strategies adopted by the market players to strengthen their distribution networks are expected to increase the penetration of HTS wires worldwide. The growth of the HTS wires market is primarily driven by advancements in medical imaging technologies and the rising demand for renewable energy capacity. On the contrary, the high overall cost and safety concerns associated with HTS wires impede the market's growth. The market players and researchers' continuous research and introduction of innovative superconductor cables are expected to accelerate the development of the high-temperature superconductor wires market in the future.

Regional Insights

The Americas high-temperature superconductor (HTS) wire market is expected to register significant growth driven by the developments in smart grid technology and a rise in the development of smart cities. The increasing use of technologically advanced electronic products, extensive R&D investments in developing second-generation superconducting wire technology, and high investments to commercialize superconductors are some of the major factors fostering market growth in the region. Local governments of Spain, Germany, France, and the UK, among others, have provided subsidies to promote renewable energy in Europe, which has expanded investments in renewable power generation, creating opportunities for the use of HTS wires. The expansion of industrialization and rising commercial activities in the APAC, majorly China, India, Japan, and South Korea, have encouraged the demand for high-temperature superconductor wires for massive power transmissions. The developed nations across the Asia-Pacific region, such as South Korea, Australia, and Japan, are developing innovative superconducting cable technology to explore and develop high-temperature superconducting materials, wires, and systems for green energy storage, transport, and high energy consumption industrial processes.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the High-temperature Superconductor Wires Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the High-temperature Superconductor Wires Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the High-temperature Superconductor Wires Market, highlighting leading vendors and their innovative profiles. These include Advanced Conductor Technologies LLC, American Superconductor Corporation, AMPeers LLC, BASF SE, Beijing Intronic Superconducting Technology Co., Ltd., Brookhaven Technology Group, Bruker Corporation, Fujikura Ltd., Furukawa Electric Co., Ltd., General Electric Company, High Temperature Superconductors, Inc, Kobe Steel Ltd., LS Cable & System Ltd., Merck KGaA, MetOx Technologies, Inc., Nexans S.A., Patil Group, Sam Dong, Solid Material Solutions, LLC, Strescon Group, Sumitomo Electric Industries, Ltd., Sunam Co., Ltd., SuperOx Company, SuperQ Technologies India Pvt Ltd, THEVA Dunnschichttechnik GmbH, and VEIR Corporation.

Market Segmentation & Coverage

This research report categorizes the High-temperature Superconductor Wires Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- First-Generation Superconductor Wires
- Second-Generation Superconductor Wires
Dielectric
- Cryogenic Dielectric
- Warm Dielectric
Application
- Energy & Utilities
- Healthcare & Life Sciences
- Industrial Equipment
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the High-temperature Superconductor Wires Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the High-temperature Superconductor Wires Market?

3. What are the technology trends and regulatory frameworks in the High-temperature Superconductor Wires Market?

4. What is the market share of the leading vendors in the High-temperature Superconductor Wires Market?

5. Which modes and strategic moves are suitable for entering the High-temperature Superconductor Wires Market?

Product Code: MRR-437896AA37F3

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. High-temperature Superconductor Wires Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Improvement in Medical Imaging and Diagnostics
  - 5.1.1.2. Rise in Electric Power Generation and Expansion of Renewable Energy Sector
  - 5.1.1.3. Increasing Demand for Electric Transportation Technologies
- 5.1.2. Restraints
  - 5.1.2.1. High Manufacturing and Operating costs of HTS wires
- 5.1.3. Opportunities
  - 5.1.3.1. Development of Advanced Superconductor Cables for Larger Load Capacities
  - 5.1.3.2. Ongoing Research & Development (R&D) and Expanding Application Scope of HTS Wires
- 5.1.4. Challenges
  - 5.1.4.1. Adverse Health and Safety Concerns Associated with HTS Wires
5.2. Market Segmentation Analysis
- 5.2.1. Type: Increasing significance of second-generation superconductor wires in higher performance and long-term durability
- 5.2.2. Dielectric: Growing preference of warm dielectrics in low temperatures applications
- 5.2.3. Application: Increase in use across industrial equipment to withstand higher mechanical stresses and deliver consistent performance
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. High-temperature Superconductor Wires Market, by Type

6.1. Introduction
6.2. First-Generation Superconductor Wires
6.3. Second-Generation Superconductor Wires

7. High-temperature Superconductor Wires Market, by Dielectric

7.1. Introduction
7.2. Cryogenic Dielectric
7.3. Warm Dielectric

8. High-temperature Superconductor Wires Market, by Application

8.1. Introduction
8.2. Energy & Utilities
8.3. Healthcare & Life Sciences
8.4. Industrial Equipment

9. Americas High-temperature Superconductor Wires Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific High-temperature Superconductor Wires Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa High-temperature Superconductor Wires Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. High Temperature Superconductors, Inc. Completes Acquisition of PVD Products Inc.
- 12.3.2. Agreement, Collaboration, & Partnership
  - 12.3.2.1. CERN and Airbus partnership on future clean aviation
  - 12.3.2.2. Researchers developing next-generation superconducting cables
- 12.3.3. New Product Launch & Enhancement
  - 12.3.3.1. Philips Signs Research Agreement to Explore New Magnet Technologies
  - 12.3.3.2. National Grid UK, VEIR to Test Superconductor Power Lines
  - 12.3.3.3. Scientists discover new behaviour in high temperature superconductors
- 12.3.4. Investment & Funding
  - 12.3.4.1. Office of Electricity Selects Five Small Business Innovation Research Awards
- 12.3.5. Award, Recognition, & Expansion
  - 12.3.5.1. Superconducting cable project aims to boost urban electricity grid
  - 12.3.5.2. AMSC Delivers Breakthrough System for U.S. Navy

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. Advanced Conductor Technologies LLC
- 13.1.2. American Superconductor Corporation
- 13.1.3. AMPeers LLC
- 13.1.4. BASF SE
- 13.1.5. Beijing Intronic Superconducting Technology Co., Ltd.
- 13.1.6. Brookhaven Technology Group
- 13.1.7. Bruker Corporation
- 13.1.8. Fujikura Ltd.
- 13.1.9. Furukawa Electric Co., Ltd.
- 13.1.10. General Electric Company
- 13.1.11. High Temperature Superconductors, Inc
- 13.1.12. Kobe Steel Ltd.
- 13.1.13. LS Cable & System Ltd.
- 13.1.14. Merck KGaA
- 13.1.15. MetOx Technologies, Inc.
- 13.1.16. Nexans S.A.
- 13.1.17. Patil Group
- 13.1.18. Sam Dong
- 13.1.19. Solid Material Solutions, LLC
- 13.1.20. Strescon Group
- 13.1.21. Sumitomo Electric Industries, Ltd.
- 13.1.22. Sunam Co., Ltd.
- 13.1.23. SuperOx Company
- 13.1.24. SuperQ Technologies India Pvt Ltd
- 13.1.25. THEVA Dunnschichttechnik GmbH
- 13.1.26. VEIR Corporation
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing