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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1298049
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1298049
Superconducting Wire Market Share, Size, Trends, Industry Analysis Report, By Type (Low-temperature superconductor (LTS), Medium-temperature superconductor (MTS); By End-use; By Region; Segment Forecast, 2023 - 2032
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The global superconducting wire market size is expected to reach USD 2.97 billion by 2032.The report "Superconducting wire Market Share, Size, Trends, Industry Analysis Report, By Type (Low-temperature superconductor (LTS), Medium-temperature superconductor (MTS); By End-use; By Region; Segment Forecast, 2022 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Wires made of superconducting composite materials are known as superconducting cables. They can be used for high-efficiency power transmission with little current crowding and loss of energy. Because they lose less heat, the wire has a lower temperature than a standard conductor. The increased cooling capabilities enable the use of thinner wires and, as a result, smaller conductors while also increasing the maximum power rating.
Higher efficiency would help reduce environmental harm and energy consumption by reducing transmission losses and enabling better management of supply peaks and troughs. Due to its simplicity of manufacture, steel tape containing tin oxide could replace copper conductors in a power wire and reduce costs.
Superconductors have found multiple applications, such as nuclear energy, medical diagnostics, and transportation. Multiple nuclear energy-related projects involving the development of particle accelerators and nuclear reactors are ongoing in various parts of the world, such as Europe, the US, and Japan. One of the largest energy projects is the International Thermonuclear Experimental Reactor (ITER) in France, which has a high requirement for superconducting wire for the coil magnet. Its success can lead to the development of more fusion reactors across the world, leading to high demand for superconductors for this application. Investment in research into the use of superconducting wires in electric vehicles has also grown recently. For instance, in June 2022.
Superconducting wire Market Report Highlights
Low-temperature superconductor segment is expected to be the largest market during the forecast period. Growing demand for superconductor-based magnetic resonance imaging (MRI) systems are expected to drive the market for low-temperature superconductor.
The energy segment is expected to be the fastest during the forecast period. The market for the energy sector is anticipated to be driven by the expansion of offshore wind farms that make use of superconducting technologies.
Europe is expected to dominate the market followed by North America and Asia Pacific. Increasing investments in the nuclear fusion-based research, and growing efforts on decarbonization of the transportation sector, especially in Europe region is driving the market for this region.
Some of the major players operating in the global market include American Superconductor Corporation, Bruker Corporation, Furukawa Electric Co., Ltd., Fujikura Ltd., Superconductor Technologies Inc., Eaton Corporation PLC, Theva GmbH, Japan Superconductor Technology Inc., Fuji Electric Co., Ltd., Phoenix Contact
Polaris Market Research has segmented the superconducting market report based on type, end use and region:
Superconducting wire, Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Low-temperature superconductor (LTS)
- Medium-temperature superconductor (MTS)
- High-temperature superconductor (HTS)
Superconducting wire, End use Outlook (Revenue - USD Billion, 2019 - 2032)
- Medical
- Energy
- Transportation
- Research
- Others
Superconducting wire, Region Outlook (Revenue - USD Billion, 2019 - 2032)
- Asia Pacific
- Europe
- North America
- Rest of the World
Product Code: PM3266
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Superconducting Wire Market Insights
- 4.1. Superconducting Wire Market - Industry Snapshot
- 4.2. Superconducting Wire Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising demand for power and electricity
- 4.2.1.2. Increasing investments in developing cost-effective products
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High cost of manufacturing superconductors
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Superconducting Wire Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Superconducting Wire Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Superconducting Wire, by Type, 2019-2032 (USD Billion)
- 5.3. Low-temperature superconductor (LTS)
- 5.3.1. Global Superconducting Wire Market, by Low-temperature superconductor (LTS), by Region, 2019-2032 (USD Billion)
- 5.4. Medium-temperature superconductor (MTS)
- 5.4.1. Global Superconducting Wire Market, by Medium-temperature superconductor (MTS), by Region, 2019-2032 (USD Billion)
- 5.5. High-temperature superconductor (HTS)
- 5.5.1. Global Superconducting Wire Market, by High-temperature superconductor (HTS), by Region, 2019-2032 (USD Billion)
6. Global Superconducting Wire Market, by End-Use
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 6.3. Medical
- 6.3.1. Global Superconducting Wire Market, by Medical, by Region, 2019-2032 (USD Billion)
- 6.4. Energy
- 6.4.1. Global Superconducting Wire Market, by Energy, by Region, 2019-2032 (USD Billion)
- 6.5. Transportation
- 6.5.1. Global Superconducting Wire Market, by Transportation, by Region, 2019-2032 (USD Billion)
- 6.6. Research
- 6.6.1. Global Superconducting Wire Market, by Research, by Region, 2019-2032 (USD Billion)
- 6.7. Others
- 6.7.1. Global Superconducting Wire Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Superconducting Wire Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Superconducting Wire Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Superconducting Wire Market - North America
- 7.3.1. North America: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.3.2. North America: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.3.3. Superconducting Wire Market - U.S.
- 7.3.3.1. U.S.: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.3.4. Superconducting Wire Market - Canada
- 7.3.4.1. Canada: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.4. Superconducting Wire Market - Europe
- 7.4.1. Europe: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.2. Europe: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.4.3. Superconducting Wire Market - UK
- 7.4.3.1. UK: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.4.4. Superconducting Wire Market - France
- 7.4.4.1. France: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.4.2. France: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.4.5. Superconducting Wire Market - Germany
- 7.4.5.1. Germany: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.4.6. Superconducting Wire Market - Italy
- 7.4.6.1. Italy: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.4.7. Superconducting Wire Market - Spain
- 7.4.7.1. Spain: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.4.8. Superconducting Wire Market - Netherlands
- 7.4.8.1. Netherlands: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.4.9. Superconducting Wire Market - Russia
- 7.4.9.1. Russia: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.5. Superconducting Wire Market - Asia Pacific
- 7.5.1. Asia Pacific: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.5.3. Superconducting Wire Market - China
- 7.5.3.1. China: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.3.2. China: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.5.4. Superconducting Wire Market - India
- 7.5.4.1. India: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.4.2. India: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.5.5. Superconducting Wire Market - Malaysia
- 7.5.5.1. Malaysia: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.5.6. Superconducting Wire Market - Japan
- 7.5.6.1. Japan: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.5.7. Superconducting Wire Market - Indonesia
- 7.5.7.1. Indonesia: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.5.8. Superconducting Wire Market - South Korea
- 7.5.8.1. South Korea: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.6. Superconducting Wire Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.6.3. Superconducting Wire Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.6.4. Superconducting Wire Market - UAE
- 7.6.4.1. UAE: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.6.5. Superconducting Wire Market - Israel
- 7.6.5.1. Israel: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.6.6. Superconducting Wire Market - South Africa
- 7.6.6.1. South Africa: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.7. Superconducting Wire Market - Latin America
- 7.7.1. Latin America: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.7.3. Superconducting Wire Market - Mexico
- 7.7.3.1. Mexico: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.7.4. Superconducting Wire Market - Brazil
- 7.7.4.1. Brazil: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- 7.7.5. Superconducting Wire Market - Argentina
- 7.7.5.1. Argentina: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. American Superconductor Corporation
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Bruker Corporation
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Furukawa Electric Co., Ltd
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Fujikura Ltd
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Superconductor Technologies Inc
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Eaton Corporation PLC
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Theva GmbH
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Japan Superconductor Technology Inc
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Fuji Electric Co., Ltd
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Phoenix Contact
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
Product Code: PM3266
List of Tables
- Table 1 Global Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 2 Global Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 3 Superconducting Wire Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 5 North America: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 6 U.S.: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 7 U.S.: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 8 Canada: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 9 Canada: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 10 Europe: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 11 Europe: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 12 UK: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 13 UK: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 14 France: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 15 France: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 16 Germany: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 17 Germany: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 18 Italy: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 19 Italy: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 20 Spain: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 21 Spain: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 22 Netherlands: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 23 Netherlands: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 24 Russia: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 25 Russia: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 28 China: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 29 China: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 30 India: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 31 India: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 32 Malaysia: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 33 Malaysia: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 34 Japan: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 35 Japan: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 36 Indonesia: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 37 Indonesia: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 38 South Korea: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 39 South Korea: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 44 UAE: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 45 UAE: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 46 Israel: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 47 Israel: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 48 South Africa: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 49 South Africa: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 50 Latin America: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 51 Latin America: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 52 Mexico: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 53 Mexico: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 54 Brazil: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 55 Brazil: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
- Table 56 Argentina: Superconducting Wire Market, by End-Use, 2019-2032 (USD Billion)
- Table 57 Argentina: Superconducting Wire Market, by Type, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Superconducting Wire Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by End-Use
- Figure 7 Global Superconducting Wire Market, by End-Use, 2022 & 2032 (USD Billion)
- Figure 8 Market by Type
- Figure 9 Global Superconducting Wire Market, by Type, 2022 & 2032 (USD Billion)
- Figure 10 Superconducting Wire Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Superconducting Wire Market
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