Press release
Superconductors Market Research Report: CAGR Status, Industry Growth, Trends, Analysis and Forecasts To 2032
Superconductors Market
Superconductors Market Size, Growth Rate, And Forecast
The global superconductors market size grew from $6.63 billion in 2022 to $7.39 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The superconductors market size is expected to grow to $11.6 billion in 2027 at a CAGR of 11.9%.
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Superconductors Market Drivers
The growing demand for MRI machines is expected to drive the growth of the superconductors market in the coming years. Magnetic resonance imaging, or MRI, employs strong superconducting magnets to generate large and even magnetic fields within the patient's body.
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Superconductors Market Segments
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
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Superconductors Market Key Players
Major competitors in the Superconductors market include American Superconductor, Bruker, Furukawa Electric Co. Ltd., Southwire Company LLC., Sumitomo Electric Industries Ltd., Fujikura Ltd
The Table Of Content For The Superconductors Market Include:
1. Executive Summary
2. Superconductors Market Characteristics
3. Superconductors Market Trends And Strategies
4. Superconductors Market - Macro Economic Scenario
5. Superconductors Market Size And Growth
……
27. Superconductors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Superconductors Market
29. Superconductors Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Superconductors Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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