Superconducting Wire Market 2021 : Energy, Medical, Industry, Research

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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.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

• By Company Type: Tier 1—35%, Tier 2—45%, Tier 3—20%
• By Designation: C-Level—35%, Director-Level—25%, Others—40%
• By Region: Asia-Pacific—35%, Europe—30%, and North America—35%

Research Coverage:

The report defines, describes, and forecasts the global superconducting wire market by type, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market.

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Key points from table of content:

Company Profiles :

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

• American Superconductor Corporation
• Bruker Corporation
• Fujikura Ltd.
• Furukawa Electric Co., Ltd.
• Superconductor Technologies Inc.
• Japan Superconductor Technology, Inc.
• Sumitomo Electric Industries, Ltd.
• Supercon Inc.
• Superox
• Theva Dünnschichttechnik GmbH

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