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High Temperature Superconductor (HTS) Cables market was valued at US$ 4 million in 2022 and is anticipated to reach US$ 276.9 million by 2029, witnessing a CAGR of 115.7% - Valuates Reports
High Temperature Superconductor (HTS) Cables market was valued at US$ 4 million in 2022 and is anticipated to reach US$ 276.9 million by 2029, witnessing a CAGR of 115.7% .Get sample report - https://reports.valuates.com/request/sample/QYRE-Auto-25W9481/Global_High_Temperature_Superconductor_HTS_Cables_Market_Research_Report_2022
Superconducting power cables act as a bridge between electric energy transmission and distribution. In a superconducting power cable, a superconducting conductor that reaches superconductivity of zero electric resistance below a specific low temperature is used, allowing low-loss transmission of large currents. Superconducting cables with just 20 percent of the thickness of copper cables have an advantage of heightening electric power transmission dimensions a maximum of 10 times (5 times in alternating current, 10 times in direct current) compared to previous cables by using the superconducting phenomenon that electric resistance disappears at -196℃. This means that there is hardly any dissipation of electricity during power transmission. At present, many national research institutions and cable manufacturers are researching and developing this product. The cable market will completely switch to superconducting cables in the future. Many governments are supporting businesses for the commercialization because of the enormous cost of the project.
The global High Temperature Superconductor (HTS) The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global top five manufacturers of High Temperature Superconductor (HTS) Cables occupied for a share about 100 percent, key players are Nexans, SHSC, Furukawa Electric, LS Cable & System and NKT, etc. China is the largest producer of High Temperature Superconductor (HTS) Cables, followed by Europe and Japan.
This report aims to provide a comprehensive presentation of the global market for High Temperature Superconductor (HTS) Cables, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding High Temperature Superconductor (HTS) Cables.
The High Temperature Superconductor (HTS) Cables market size, estimations, and forecasts are provided in terms of output/shipments (Meter) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global High Temperature Superconductor (HTS) Cables market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the High Temperature Superconductor (HTS) Cables manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Segment by Type
Bi2223 Cables
YBCO Cables
Segment by Application
Grid and Smart Grid
Industrial Applications
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