Emerging Trends in Superconductors Market With Industry Players like Furukawa Electric, Superconductor Technologies, Bruker Corporation American Superconductor Corporation, Sumitomo Electric Industries, Supercon

Global Superconductors Market Highlights
Global Superconductors Market is accounted for $6.16 billion in 2017 and is expected to reach $14.10 billion by 2026 growing at a CAGR of 9.6% during the forecast period. Demand for advanced power grid infrastructure and rising implementation of SEMS systems are some of the major factors propelling the market growth. On the other hand, high price of superconductor cooling systems is hindering the market growth.

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Superconductors are materials that permit the passage of electricity with zero resistance at their critical temperature. There is no loss of energy in the form of heat or sound if there is a zero resistance. It is not affected by external magnetic fields when in its superconducting state owing to the Meissner effect, which is a unique property exhibited by them. The demand for superconductors has been growing quickly owing to their extensive adoption in different applications in the medical and industrial sectors.

Top Players:
Some of the key players in Superconductors market include Furukawa Electric Co., Ltd., Toshiba Corporation, Fujikura Ltd.,Superconductor Technologies Inc., Bruker Corporation American Superconductor Corporation, Sumitomo Electric Industries, Ltd., Supercon Inc., Evico GmbH, Superox, Japan Superconductor Technology, Inc., Hyper Tech Research, Inc., Deutsche Nanoschicht Gmbh and Conductus, Inc.

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Market Segmentation:
By Application, Energy segment commanded the largest market share due increase of smart cities and strict energy efficiency principles will anticipated to create new revenue pockets for the superconductor market during the forecast period. By Geography, Europe is expected to generate highest revenue due to the rising demand for cost effective and energy efficient electrical devices.

Types Covered:
• High Temperature Superconductors
• Low and Medium Temperature Superconductors

Applications Covered:
• Magnetic Resonance Imaging
• Research & Development
• Energy
• Electronics
• Computer
• Generator
• Conductive Material
• Other Applications

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This release was published on openPR.