Press release
Superconductor Market Outlook 2023, Share, Size, Key Players and Forecast By 2028
Superconductor Market
Superconductor Uses:
A superconductor is a unique material that exhibits zero electrical resistance when cooled below a specific critical temperature. Its capacity to transmit electric current without suffering energy loss from resistance is one of its major properties. A substance must be cooled below its individual superconductor's critical temperature to become superconducting.
It is classified into two main types: Type I and Type II. Type I superconductors exhibit a sudden transition from a resistive state to a superconducting state below the critical temperature, and they expel magnetic fields from their interiors. On the other hand, Type II superconductors undergo a more gradual transition and can tolerate the presence of weak magnetic fields. Its applications are wide-ranging and can potentially revolutionize various fields.
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Who are the key Players Operating in the Industry ? :
• Bruker Corporation
• Fujikura Ltd
• Furukawa Electric Co. Ltd
• Hyper Tech Research Inc
• Japan Superconductor Technology Inc. (Kobe Steel Ltd.)
• Luvata Oy (Mitsubishi Materials Corporation)
• Sumitomo Electric Industries Ltd
• Supercon Inc
• Theva Dünnschichttechnik GmbH
• Western Superconducting Technologies Co. Ltd
What are the Growth Prospects and Trends in the Superconductor Industry ? :
The escalating demand for efficient power transmission systems majorly drives the global market. This can be supported by the growing popularity of superconductor as it offers the advantage of significantly reducing energy loss during electricity transportation, making them ideal for high-power applications such as power grids and renewable energy systems. Along with this, the rising need for reliable and sustainable energy solutions and the growing focus on reducing carbon emissions significantly support the market.
In addition, the increasing demand for superconducting magnets across the healthcare sector for MRI scanners to provide enhanced imaging capabilities and allow healthcare professionals to obtain clearer is positively influencing the market. As medical advancements continue to drive the demand for precise and non-invasive imaging techniques, the global superconductor market is benefiting from the growing installation of superconducting MRI systems in hospitals and diagnostic centers worldwide. Furthermore, the ever increasing utilization of superconductors in the transportation sector for sustainable transportation solutions is creating a positive market outlook.
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What is Included in Market Segmentation ? :
Type Insights:
• Low Temperature Superconductors
• High Temperature Superconductors
Application Insights:
• Medical
• Electronics
• Defense and Military
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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