Information Technology & Telecommunication / Superconducting Cables Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Nexans, AMSC, MetOx, Furukawa Electric
Superconducting Cables Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Nexans, AMSC, MetOx, Furukawa Electric
Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.80% during the review period (2022 to 2027)
Superconducting Cables Market Overview
The global Superconducting Cables marketplace is projected to grow at a high rate during the forecast period as many projects related to superconducting Cables are going across globe. For instance, The South Korean Electric company has ordered over 3000km of wire from American superconductor and has used it to build a 12 km line successively into the suburbs of Seoul. There is great potential in the developing superconductor for various practical requests areas such as magnetic resonance imaging (MRI), fault current limiters, power cables, motors, generators, magnetic separators, transformers.
Growing demand for superconductor-based MRI system and advancement in computer chip designing technology leading to higher demand for superconductors are the major drivers for the growth of the global superconducting cables market. Moreover, these superconducting power transmission cables are compact and can transmit a large amount of electric power. Superconducting cabless can be used for various applications including high field magnet applications and nuclear magnetic resonance (NMR) & magnetic resonance imaging (MRI) magnets.
Who are the Major Players in Superconducting Cables Market?
Top Key players in the Superconducting Cables Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Superconducting Cables Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Furukawa Electric Co., Ltd. (Tokyo:5801.T), MetOx Technologies, Inc., Bruker Corporation (NasdaqGS:BRKR),American Superconductor Corporation (NasdaqGS:AMSC) , LUVATA, PJSC FGC UES, LS Cable & System Ltd., Advanced Conductor Technologies LLC, NEXANS, NKT A/S
Industry News -
April 18, 2022: Furukawa Electric Co., Ltd. selected for the FTSE Blossom Japan Sector Relative Index.
The FTSE Blossom Japan Sector Relative Index is an index created by global index provider FTSE Russell, which reflects the performance of Japanese companies that demonstrate outstanding Environmental, Social and Governance (ESG) practices relative to their respective sectors and is designed to be sector neutral
02/23/2022: MetOx Technologies, Inc., a specialist in the manufacture of superconductor wires Key technology for the energy supply of the future Proprietary vacuum coating technology is central to industrial production of superconductors Investment amount is in the low single-digit million-dollar range
What are the major Applications, Types and Regions for Superconducting Cables Market?
Superconducting Cables Market is segmented based on the type, applications, companies and regions.
By Type, Superconducting Cables Market has been segmented into
YBCO Cables
Bi-2212 Cables
Bi2223 Cables
Others
The end user’s industry application on Superconducting Cables Market is,
Grid and Smart Grid
Industrial Applications
Others
Regional Analysis -
The North America superconducting wire market is projected to grow at the highest CAGR from 2022 to 2027. The region has been very active in the field of superconductivity since the beginning and is continuously making improvements in this technology to make it more feasible for the practical use. Massachusetts Institute of Technology in the U.S. which have made several breakthroughs in superconductor technologies for medical, energy, and industrial applications
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
What is our Superconducting Cables Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2028 CAGR
CAGR of 4.80% during the review period (2022 to 2027).
By Type
YBCO Cables
Bi-2212 Cables
Bi2223 Cables
Others
By Application
Grid and Smart Grid
Industrial Applications
Others
By Companies
Furukawa Electric, MetOx Technologies, Inc., Bruker, American Superconductor (AMSC), LUVATA, PJSC FGC UES, LS Cable & System Ltd., Advanced Conductor Technologies LLC
Regions Covered
North America
Europe
Asia-Pacific
Rest of the World
Countries Covered
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
118
Customization Available
Yes, the report can be customized as per your needs
Key Takeaways from this Superconducting Cables Report
Evaluate Superconducting Cables market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Superconducting Cables market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Question -
What is hypothetical to drive the growth of the superconducting wire market?
The superconducting wire market is likely to exploit on the rising reserves in doings in the field of superconductivity.
What CAGR is probable for the global superconducting wire market?
The superconducting wire market is expected to market 4.80% CAGR.
What are the segments recognized on the basis of type?
The segments known on the basis of type are low & medium temperature superconductors and high temperature superconductors.
Who are the key contributors to the superconducting wire market?
American Superconductor Corporation, Furukawa Electric Co., Ltd., Fujikura Ltd., Superconductor Technologies Inc., Eaton, Bruker Corporation, Phoenix Contact, Sumitomo Electric Industries, Theva Dunnschichttechnik GmbH, Superox, Japan Superconductor, and Fuji Electric.
INTRODUCTION
MARKET DEFINATION
MARKET DYNAMICS
MARKET SEGMENTATION
REPORT TIMLINES
KEY STAKEHOLDERS
RESEARCH METHODOLOGY
DATA MINING
SECONDARY RESEARCH
PRIMARY RESEARCH
SUBJECT MATTER EXPERT ADVICE
QUALITY CHECK
FINAL REVIEW
DATA TRIANGULATION
BOTTOM-UP APPROACH
TOP-DOWN APPROACH
RESEARCH FLOW
EXECUTIVE SUMMARY
INTRODUCTION
GLOBAL SUPERCONDUCTING CABLES MARKET BY TYPE
GLOBAL SUPERCONDUCTING CABLES MARKET BY APPLICTAION
SUPERCONDUCTING CABLES MARKET DYNAMICS
DRIVERS
INCREASING LENSMETER MARKET
RESTRAINTS
STRINGENT ENVIRONMENTAL REGUALTIONS
HIGH COST ON MATERIALS
OPPORTUNITIES
LENSMETER MARKETGROWTH
APPLICATION OF SUPERCONDUCTING CABLES MARKET MARKETIMPACT OF COVID 19
GLOBALSUPERCONDUCTING CABLES MARKE, BY TYPE
INTRODUCTION
YBCO CABLES
BI-2212 CABLES
BI2223 CABLES
OTHERS
GLOBAL SUPERCONDUCTING CABLES MARKET BY APPLICATION
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.