openPR Logo
Press release

Superconductors Market is expected to reach US$ 8,564.61 Million by 2028, Globally, with a CAGR of 8.4% from 2022 to 2028 - The Insight Partners

06-24-2022 07:40 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: The Insight Partners

Superconductors Market

Superconductors Market

Superconductors Market: Key Insights

According to our latest market study on "Superconductors Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (Low-Temperature Superconductors and High-Temperature Superconductors) and Application (Medical, Electronics, Defense & Military, and Others)," the superconductors market is expected to grow from US$ 5,286.26 million in 2022 to US$ 8,564.61 million by 2028; it is estimated to grow at a CAGR of 8.4% from 2022 to 2028.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://bit.ly/3I5pXcl

Superconducting processors may become an important component of the next generation of supercomputers. For starters, they could assist in overcoming the major issue of scaling up quantum computers. Second, they might significantly improve the performance of classic supercomputers while drastically reducing their power usage. A multidisciplinary research initiative will address one of the primary obstacles of this approach, data transport to and from low temperatures required for superconductivity.

A quantum computer's processing power is based on superconducting qubits that operate at extremely low temperatures. At room temperature, qubits are commonly operated by conventional electronics connected by electrical lines. When the number of qubits reaches the needed level of hundreds of thousands, the number of control cables becomes incapable of scaling up to match the number of qubits without causing an unacceptable heat load, thereby jeopardizing the quantum processor's low temperature. One solution is to control the quantum processor with a nearby classical processor. The single flux quantum (SFQ) technology, which follows classical computer logic but employs superconducting technology instead of semiconductors, is the most promising answer. Due to its low-temperature requirements, SFQ has only been employed in a few classical computers.

This disadvantage becomes a benefit when utilized in conjunction with superconducting quantum computers. Additionally, the extremely high-power consumption of CPUs and GPUs due to energy dissipation in silicon chips is a major restriction of supercomputers. In GPUs, replacing silicon chips with superconducting SFQ chips could significantly influence performance and power consumption. Thus, the increase in superconducting chips to scale up quantum computers and supercomputers is driving the superconductors market.

Click here to avail lucrative discounts on our latest reports. We offer student, enterprise, and special periodic discounts to our clientele. Please fill out the inquiry form below to know more - https://bit.ly/3OE1oFb

Superconductors Market: Competitive Landscape and Key Developments

Bruker Corporation; Furukawa Electric Co. Ltd.; American Superconductor Corporation; Sumitomo Electric Industries, Ltd.; and Hitachi Ltd. are a few key superconductors market players. In addition, several other important superconductors market players were studied and analyzed during this study to get a holistic view of the global superconductors market and its ecosystem.

Players operating in the superconductors market mainly focus on developing advanced and efficient products.

1. In 2022, Cryomagnetics designed and produced the six 5 Tesla recondensing magnets that comprise the Differential Pumping Section (DPS), as well as the "Pinch" and "Detector" magnets for this groundbreaking experiment.

2. In 2021, Hitachi, Ltd. has developed a 1.1-m-diameter magnesium diboride (MgB2) superconducting magnet that can rapidly generate a magnetic field space as required for magnetic resonance imaging (MRI) examinations and has demonstrated that MRI imaging of the head region can begin in 10 minutes from a zero-field state, compared to 1 to 2 hours using conventional equipment.

Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods - https://bit.ly/3bqL1Oa

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Superconductors Market is expected to reach US$ 8,564.61 Million by 2028, Globally, with a CAGR of 8.4% from 2022 to 2028 - The Insight Partners here

News-ID: 2662655 • Views: 336

More Releases from The Insight Partners

Wireless IoT Connectivity Market (COVID-19 Analysis) - Industry Insights, Top Co …
Wireless IoT Connectivity Market study by "The Insight Partners" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. Wireless technology is a method of connection within an IoT system that includes sensors, platforms, routers, applications, and other systems. Each option has trade-offs between power consumption, bandwidth, and
Bone Cement market growing at 5.7 % CAGR to 2028
The proposed Bone Cement market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics. The bone cement market is projected to reach US$ 1,626.52
Digital Pathology market forecast to see 12.1 % CAGR to 2028
The proposed Digital Pathology market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics. The digital pathology market is expected to grow from US$
Asset and Wealth Management Market Research, Latest Trend Analysis, Market Growt …
Global Asset and Wealth Management Market is expected to grow at a higher rate during the forecast period 2022-2028.The report includes the latest coverage of the impact of COVID-19 on the Asset and Wealth Management Market. The asset and wealth management in the industry landscape is witnessing major digital transformation. Enterprises are focusing on redefining their operational strategy to enhance customer experiences. Technological innovations by key market players and digital

All 5 Releases