Superconductors Global Market Report 2025

Superconductors are materials that can carry electricity without resistance when cooled below a specific critical temperature. This distinctive property allows for the efficient transfer of electrical currents and the generation of strong magnetic fields. Superconductors play a crucial role in applications such as magnetic resonance imaging (MRI), particle accelerators, and sophisticated power grids.

The superconductors market, as described in this report, is segmented by type into type-I superconductors and type-II superconductors. It is further categorized by material, including stainless steel, yttrium barium copper oxide, bismuth strontium calcium copper oxide, and others. The market is also divided by product into magnets, cables, transformers, and energy storage devices. Additionally, it is segmented by application, covering energy, electronics, medical, research and development, industrial applications, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp escalation of U.S. tariffs and resulting trade tensions in spring 2025 are significantly affecting the electrical and electronics sector. Key components such as semiconductors, display panels, and rare-earth metals crucial for batteries and motors are now facing heavy duties. Consumer electronics companies are seeing profit margins shrink, as fierce competition makes it difficult to pass on rising costs to consumers. At the same time, industrial electronics firms are experiencing project delays due to shortages of tariff-impacted parts like printed circuit boards. In response, businesses are shifting assembly operations to tariff-exempt nations, building up inventory reserves, and redesigning products to reduce reliance on restricted materials.

The superconductors market research report is one of a series of new reports from The Business Research Company that provides superconductors market statistics, including superconductors industry global market size, regional shares, competitors with a superconductors market share, detailed superconductors market segments, market trends and opportunities, and any further data you may need to thrive in the superconductors industry. This superconductors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The superconductors market size has grown strongly in recent years. It will grow from $8.12 billion in 2024 to $8.8 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to research and development, energy efficiency, medical imaging, particle accelerators, superconducting magnets.

The superconductors market size is expected to see rapid growth in the next few years. It will grow to $13.6 billion in 2029 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to renewable energy integration, quantum computing, high-speed transportation, smart grids, semiconductor industry. Major trends in the forecast period include high-temperature superconductors (hts),cryogen-free superconducting systems, superconducting fault current limiters, space exploration, rising demand for smart devices.

The forecast of 11.5% growth over the next five years reflects a modest reduction of 0.6% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through restricted access to rare-earth materials like yttrium and bismuth, primarily sourced from China and Japan, potentially stalling advancements in quantum computing and medical imaging technologies. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The increasing demand for MRI machines is anticipated to boost the growth of the superconductors market in the upcoming years. Magnetic resonance imaging (MRI) utilizes powerful superconducting magnets to produce large and uniform magnetic fields within the patient's body. MRI devices exemplify technology that enhances the accuracy of diagnosing health conditions. For instance, in May 2023, NHS England, the governing body of the National Health Service in the UK, reported a significant rise in MRI imaging activities, increasing from 327,790 in January 2022 to 521,430 in January 2023. Consequently, the rising demand for MRI machines is driving the expansion of the superconductors market.

Anticipated growth in the demand for renewable energy sources is set to further drive the expansion of the superconductors market. Renewable energy sources, characterized by natural replenishment, offer an eco-friendly alternative to traditional fossil fuels. Superconductors play a crucial role in harnessing renewable energy from sources such as wind turbines and solar panels for electricity generation and storage. In the United States, renewable energy consumption witnessed a notable increase from 12.1 quads in 2021 to 13.2 quads in 2022, as reported by the Energy Information Administration in June 2023. The escalating demand for renewable energy contributes significantly to the growth of the superconductors market.

The high costs associated with superconducting products pose a potential hindrance to the market's growth. Superconducting magnets, constructed from superconducting wire coils, require cooling to lower temperatures during operation. While these magnets are highly effective in producing strong magnetic fields due to the absence of electrical resistance in the superconducting state, their operation can be expensive due to energy loss as heat in the windings. The cost of superconducting magnets ranges from $75 to $575 per kilogram, depending on the manufacturer. Consequently, the substantial costs associated with superconductors represent a limiting factor for the market's growth.

Major companies in the superconductors market are introducing advanced technologies such as Qian Shi to cater to customer needs. Qian Shi, a superconducting quantum computer developed by Baidu Inc., boasts a 36-qubit superconducting quantum chip design with couplers. Launched in September 2022, Qian Shi integrates hardware, software, and applications, providing a robust quantum computing service to the public with high-fidelity 10 quantum bits (qubits) of power. This quantum computer is employed for tasks such as designing new materials for innovative lithium batteries and simulating protein folding, showcasing the ongoing technological advancements in the superconductors market.

Major companies operating in the superconductors market include American Superconductor, Bruker Corporation., Furukawa Electric Co. Ltd., Southwire Company LLC., Sumitomo Electric Industries Ltd., Fujikura Ltd., Superconductor Technologies Inc., Cryomagnetics Inc., Deutsche Nanoschicht GmbH, Japan Superconductor Technology Inc., Supercon Inc., SuperOx, Ceraco Ceramic Coating GmbH, Hyper Tech Research Inc., LS Cable & System Ltd., Scientific Magnetics, Theva Dunnschichttechnik GmbH., Toshiba Corporation, Evico Gmbh, Advanced Magnet Lab Inc., Alstom SA, American Magnetics Inc., ASG Superconductors Spa, Cryoelectra Gmbh, Cryoton Ltd., Eriez Manufacturing Co., Siemens AG, ABB Group, SuperPower Inc., Nexans S.A., Oxford Instruments plc, Hypres Inc., General Electric Company, Mitsubishi Electric Corporation., Magnatech LLC., Neocera LLC., Agilent Technologies, Northrop Grumman Corporation, SC Solutions Inc., Tokyo Denkai Co. Ltd.

Europe was the largest region in the superconductors market share in 2024. The regions covered in the global superconductors market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the superconductors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The superconductors market consists of sales of low-temperature superconductors and high-temperature superconductors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Superconductors Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on superconductors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for superconductors ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The superconductors market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Type: Type-I Superconductor; Type-II Superconductor
• 2) By Material: Stainless Steel; Yttrium Barium Copper Oxide; Bismuth Strontium Calcium Copper Oxide; Other Materials
• 3) By Product: Magnets; Cables; Transformers; Energy Storage Devices
• 4) By Application: Energy; Electronics; Medical; Research And Development; Industrial; Other Applications
• Subsegments:
• 1) By Type-I Superconductor: Elemental Superconductors; Low-Temperature Superconductors
• 2) By Type-II Superconductor: High-Temperature Superconductors; Iron-Based Superconductors; MgB2 Superconductors
• Companies Mentioned:American Superconductor; Bruker Corporation.; Furukawa Electric Co. Ltd.; Southwire Company LLC.; Sumitomo Electric Industries Ltd.; Fujikura Ltd.; Superconductor Technologies Inc.; Cryomagnetics Inc.; Deutsche Nanoschicht GmbH; Japan Superconductor Technology Inc.; Supercon Inc.; SuperOx; Ceraco Ceramic Coating GmbH; Hyper Tech Research Inc.; LS Cable & System Ltd.; Scientific Magnetics; Theva Dunnschichttechnik GmbH.; Toshiba Corporation; Evico Gmbh; Advanced Magnet Lab Inc.; Alstom SA; American Magnetics Inc.; ASG Superconductors Spa; Cryoelectra Gmbh; Cryoton Ltd.; Eriez Manufacturing Co.; Siemens AG; ABB Group; SuperPower Inc.; Nexans S.A.; Oxford Instruments plc; Hypres Inc.; General Electric Company; Mitsubishi Electric Corporation.; Magnatech LLC.; Neocera LLC.; Agilent Technologies; Northrop Grumman Corporation; SC Solutions Inc.; Tokyo Denkai Co. Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.