Superconducting Wire Market Growing at 9.6% CAGR To 2021 - Forecast and Projections

RnRMarketResearch Add New “Superconducting Wire Market by Type (High Temperature Superconductors (First Generation and Second Generation), Low and Medium Temperature Superconductors), Application (Energy, Medical, Industry, Research), and Region - Global Forecast to 2021” Market Research Report to It’s a Database.

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The superconducting wire market is projected to reach USD 1,008.2 million by 2021, at a CAGR of 9.6% from 2016 to 2021. Superconductor technology is used in energy, medical, research, defense, electronics, transportation, and industrial applications. The growth of the superconducting wire is driven by growing demand for superconductor based MRI systems and advancement in computer chip design technology. Synergies of high voltage transmission application and high efficiencies will increase the demand for superconductor cables and other auxiliary electrical equipment based on superconductor technology. Lack of acceptance with respect to reliability and cost of superconducting devices will likely to hinder the market growth.

With regard to the type segment, LT & MT superconductors are expected to have the largest market share from 2016 to 2021. Growing demand in MRI systems and cheaper wire cost as compared to HT superconductors will keep the demand high for LT & MT Superconductors.

The report segments the superconducting wire market by application into energy, medical, research, industry, and others. The energy application segment is expected to grow at the fastest rate during the forecast period. Development of smart cities and strict energy-efficiency standards will likely to drive the overall energy segment, which is expected to create new revenue pockets for the superconducting wire market during the forecast period.

In this report, the superconducting wire market has been analyzed with respect to three regions, namely, North America, Europe, and Asia-Pacific. Europe is expected to dominate the global superconducting wire market during the forecast period, owing to the growing demand for cost effective and energy efficient electrical devices.

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Key points from table of content :

Company Profiles :

(Overview, Products & Services, Strategies & Insights, Developments)*

10.1 Introduction
10.2 American Superconductor Corporation
10.3 Bruker Corporation
10.4 Fujikura Ltd.
10.5 Furukawa Electric Co., Ltd.
10.6 Superconductor Technologies Inc.
10.7 Japan Superconductor Technology, Inc.
10.8 Sumitomo Electric Industries, Ltd.
10.9 Supercon Inc.
10.10 Superox
10.11 Theva Dünnschichttechnik GmbH

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