Superconductor Market Report: Trends, Forecast and Competitive Analysis to 2030

Superconductor Trends and Forecast

The future of the global superconductor market looks promising with opportunities in the medical, electronic, and defense & military markets. The global superconductor market is expected to reach an estimated $11.8 billion by 2030 with a CAGR of 9.8% from 2024 to 2030. The major drivers for this market are increasing demand for energy efficiency, rising government funding, and advancements in material science.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Superconductor by Segment

The study includes a forecast for the global superconductor by type, application, and region.

Superconductor Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Low Temperature
• High Temperature

Superconductor Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Medical
• Electronics
• Defense & Military
• Others

Superconductor Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Superconductor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies superconductor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the superconductor companies profiled in this report include-

• American Superconductor
• Sumitomo Electric Industries
• Superpower
• Bruker
• Southwire
• Hitachi
• Furukawa Electric

Superconductor Market Insights

Lucintel forecasts that low temperature is expected to witness the higher growth over the forecast period due to its application in medical imaging and scientific research.

Within this market, medical will remain the largest segment due to variety of applications of superconductivity in medicine like magnetic resource imaging.

North America will remain the largest region over the forecast period due to substantial investment in research & development and presence of major players in the region.

Features of the Global Superconductor Market

Market Size Estimates: Superconductor market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Superconductor market size by type, application, and region in terms of value ($B).

Regional Analysis: Superconductor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the superconductor market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the superconductor market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the superconductor market size?

Answer: The global superconductor market is expected to reach an estimated $11.8 billion by 2030.

Q2. What is the growth forecast for superconductor market?

Answer: The global superconductor market is expected to grow with a CAGR of 9.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the superconductor market?

Answer: The major drivers for this market are increasing demand for energy efficiency, rising government funding and advancements in material science.

Q4. What are the major segments for superconductor market?

Answer: The future of the superconductor market looks promising with opportunities in the medical, electronic, and defense & military markets.

Q5. Who are the key superconductor market companies?

Answer: Some of the key superconductor companies are as follows:

• American Superconductor
• Sumitomo Electric Industries
• Superpower
• Bruker
• Southwire
• Hitachi
• Furukawa Electric

Q6. Which superconductor market segment will be the largest in future?

Answer: Lucintel forecasts that low temperature is expected to witness the higher growth over the forecast period due to its application in medical imaging and scientific research.

Q7. In superconductor market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to substantial investment in research & development and presence of major players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the superconductor market by type (low temperature and high temperature), application (medical, electronics, defense & military, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?