Asia Pacific Superconductor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type (Low-Temperature Superconductors and High-Temperature Superconductors) and Application (Medical, Electronics, Defense & Military, and Others)

List of Tables

The superconductor market in Asia Pacific is expected to grow from US$ 1,699.81 million in 2022 to US$ 3,014.48 million by 2028. It is estimated to grow at a CAGR of 10.0% from 2022 to 2028.

These previously thought these things impossible with a powerful enough light source. Large-scale light source facilities produce this strong light, and scientists use it to develop stronger materials, make computers and batteries more effective, and understand the natural world. When it comes to building these massive facilities, space is money. If you can get higher-energy beams of light out of smaller devices, they can save millions on construction costs. Additionally, they have created a brand-new, cutting-edge, half-meter-long prototype magnet that satisfies the standards for usage in the present and future light source facilities and has been extensively tested. This material is ideal for creating what is known as undulator magnets because it can produce strong magnetic fields while remaining in a superconducting condition, which means it offers no resistance to the current flowing through it.

Draining the energy electrons release as they move around inside a storage ring, light sources, such as the APS, produce beams of photons (light particles). The devices that transform that energy into the light are known as undulator magnets, and the higher the magnetic field you can produce with them, the more photons you can produce from a given size device. However, Scientists at DOE national laboratories have created and tested an enhanced, more powerful superconducting magnet built of niobium and tin for use in the next generation of light sources after more than 15 years of development. Thus, the growing trend of the powerful superconducting magnet for next-generation light sources is expected to aid the growth of the superconductors market during the forecast period.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific superconductor market at a substantial CAGR during the forecast period.

Asia Pacific Superconductor Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Superconductor Market Segmentation

The Asia Pacific superconductor market is segmented on the basis of type, application, and country. Based on type, the market is segmented into low-temperature superconductors and high-temperature superconductors. In 2022, the low-temperature superconductors segment held a larger market share. On the other hand, the high temperature superconductors are expected to register a higher CAGR during the forecast period.

Based on application, the market is segmented into medical, electronics, defense and military, and others. The medical segment held the largest market share in 2022 and is also expected to register the highest CAGR in the market during the forecast period.

Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. In 2022, China held a larger market share. On the other side, and it is also expected to register a higher CAGR during the forecast period.

Caterpillar Inc.; CNH Industrial N.V.; Komatsu Ltd.; Liebherr; Terex Corporation; Zoomlion Heavy Industry Science & Technology Co., Ltd.; J C Bamford Excavators Ltd. (JCB); Deere & Company; AB Volvo; and Hitachi Construction Machinery Co., Ltd. are the leading companies in the Asia Pacific superconductor market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific superconductor market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific superconductor market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the superconductor market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: BMIRE00025974

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Asia Pacific Superconductors Market Landscape

4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. Asia Pacific Superconductors Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Surging Implementation of Safety and Environmental Management System
- 5.1.2 Heighten Use of MRI Technology
5.2 Market Restraints
- 5.2.1 Inadequacy of Standard Testing Facilities
5.3 Market Opportunities
- 5.3.1 Superconductivity Paves the Way for New Quantum Materials
5.4 Trends
- 5.4.1 Powerful Superconducting Magnet for Next Generation Light Sources
5.5 Impact Analysis of Drivers and Restraints

6. Asia Pacific Superconductors Market Analysis

6.1 Asia Pacific Superconductors Market Overview
6.2 Asia Pacific Superconductors Market Revenue Forecast and Analysis

7. Asia Pacific Superconductors Market Analysis - By Type

7.1 Overview
7.2 Asia Pacific Superconductors Market, by Type
7.3 Low Temperature Superconductors (LTS)
- 7.3.1 Overview
- 7.3.2 Low Temperature Superconductors: Superconductors Market - Revenue and Forecast to 2028 (US$ Million)
7.4 High Temperature Superconductors (HTS)
- 7.4.1 Overview
- 7.4.2 High Temperature Superconductors: Superconductors Market - Revenue and Forecast to 2028 (US$ Million)

8. Asia Pacific Superconductors Market - By Application

8.1 Overview
8.2 Asia Pacific Superconductors Market, by Application
8.3 Medical
- 8.3.1 Overview
- 8.3.2 Medical: Superconductors Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Electronics
- 8.4.1 Overview
- 8.4.2 Electronics: Superconductors Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Defense & Military
- 8.5.1 Overview
- 8.5.2 Defense & Military: Superconductors Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Others
- 8.6.1 Overview
- 8.6.2 Others: Superconductors Market - Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Superconductors Market - Country Analysis

9.1 Overview
- 9.1.1 Asia Pacific: Superconductors Market, by Key Country
  - 9.1.1.1 Australia: Superconductors Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.1.1 Australia: Superconductors Market, by Type
    - 9.1.1.1.2 Australia: Superconductors Market, by Application
  - 9.1.1.2 China: Superconductors Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.2.1 China: Superconductors Market, by Type
    - 9.1.1.2.2 China: Superconductors Market, by Application
  - 9.1.1.3 India: Superconductors Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.3.1 India: Superconductors Market, by Type
    - 9.1.1.3.2 India: Superconductors Market, by Application
  - 9.1.1.4 Japan: Superconductors Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.4.1 Japan: Superconductors Market, by Type
    - 9.1.1.4.2 Japan: Superconductors Market, by Application
  - 9.1.1.5 South Korea: Superconductors Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.5.1 South Korea: Superconductors Market, by Type
    - 9.1.1.5.2 South Korea: Superconductors Market, by Application
  - 9.1.1.6 Rest of APAC: Superconductors Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.6.1 Rest of APAC: Superconductors Market, by Type
    - 9.1.1.6.2 Rest of APAC: Superconductors Market, by Application

10. Industry Landscape

10.1 Overview
10.2 Market Initiative
10.3 New Product Development

11. Company Profiles

11.1 American Superconductor
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Bruker
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 FURUKAWA ELECTRIC CO., LTD.
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Hitachi, Ltd.
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Japan Superconductor Technology, Inc.
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Sumitomo Electric Industries, Ltd.
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 Toshiba Corporation
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
11.8 Cryomagnetics
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
11.9 FUJI ELECTRIC CO., LTD.
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Word Index