The Asia Pacific Superconducting Wire Market should witness market growth of 9.5% CAGR during the forecast period (2022-2028).
A popular option for medium-temperature superconducting wire (MTS)is magnesium diboride. The material is created by melting boron and magnesium powders at the same temperature that magnesium melts, then shaping and polishing the wires. It is possible to create flexible ribbon cables, wires, andtapes, using magnesium diboride.
The substitute for commonly available commercial superconducting materials is MgB2. It can handle high-temperature applications, including those with a 40 K transition temperature. MgB2 is simple to create and deal with, it is also inexpensive and makes assemblies simpler by doing away with the requirement for cryogens. For tasks requiring high temperatures for the operationof between 15K and 30K, MgB2 is frequently used.
Materials that function at 4 K or lower are classed as low-temperature materials. For example, niobium titanium or niobium-tin are frequently used to produce low-temperature superconducting wires. Although the manufacture of the wire is inexpensive, assemblies made using LTS wire require significant cryogenic cooling components due to the low temperature oftransition it requires.
The Asia Pacific region will significantly impact the selling of high-temperature superconducting cables. China, Japan, South Korea,and India are all contributing significantly to the region's manufacturing sector's rapid growth. As a result, the demand for high-temperature superconducting wires is anticipated to increase in the region due to the expansion of the manufacturing sector and the increasing demand for such cables in industrial applications. A new, independently developed superconducting wire created by theChina Southern Power Grid (CSG), a state-owned agency,for high-capacity electric transmission to a Shenzhen business district is gaining prominence. This supports the growth of the regional market.
The China market dominated the Asia Pacific Superconducting Wire Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $138.7 Million by 2028. The Japan market is estimated to grow a CAGR of 8.9% during (2022-2028). Additionally, The India market would experience a CAGR of 10.2% during (2022-2028).
Based on Type, the market is segmented into Low Temperature Superconductor, Medium Temperature Superconductor and High Temperature Superconductor. Based on Sales Channel, the market is segmented into Direct and Indirect. Based on End-user, the market is segmented into Medical, Energy, Research, Transportation, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bruker Corporation, Furukawa Electric Co., Ltd., Fujikura Ltd., Eaton Corporation PLC, FUJI ELECTRIC CO., LTD., Phoenix Contact GmbH & Co. KG, Sumitomo Electric Industries, Ltd., Nexans SA, LS Cable & System Ltd., and MetOx Technologies, Inc.
A popular option for medium-temperature superconducting wire (MTS)is magnesium diboride. The material is created by melting boron and magnesium powders at the same temperature that magnesium melts, then shaping and polishing the wires. It is possible to create flexible ribbon cables, wires, andtapes, using magnesium diboride.
The substitute for commonly available commercial superconducting materials is MgB2. It can handle high-temperature applications, including those with a 40 K transition temperature. MgB2 is simple to create and deal with, it is also inexpensive and makes assemblies simpler by doing away with the requirement for cryogens. For tasks requiring high temperatures for the operationof between 15K and 30K, MgB2 is frequently used.
Materials that function at 4 K or lower are classed as low-temperature materials. For example, niobium titanium or niobium-tin are frequently used to produce low-temperature superconducting wires. Although the manufacture of the wire is inexpensive, assemblies made using LTS wire require significant cryogenic cooling components due to the low temperature oftransition it requires.
The Asia Pacific region will significantly impact the selling of high-temperature superconducting cables. China, Japan, South Korea,and India are all contributing significantly to the region's manufacturing sector's rapid growth. As a result, the demand for high-temperature superconducting wires is anticipated to increase in the region due to the expansion of the manufacturing sector and the increasing demand for such cables in industrial applications. A new, independently developed superconducting wire created by theChina Southern Power Grid (CSG), a state-owned agency,for high-capacity electric transmission to a Shenzhen business district is gaining prominence. This supports the growth of the regional market.
The China market dominated the Asia Pacific Superconducting Wire Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $138.7 Million by 2028. The Japan market is estimated to grow a CAGR of 8.9% during (2022-2028). Additionally, The India market would experience a CAGR of 10.2% during (2022-2028).
Based on Type, the market is segmented into Low Temperature Superconductor, Medium Temperature Superconductor and High Temperature Superconductor. Based on Sales Channel, the market is segmented into Direct and Indirect. Based on End-user, the market is segmented into Medical, Energy, Research, Transportation, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bruker Corporation, Furukawa Electric Co., Ltd., Fujikura Ltd., Eaton Corporation PLC, FUJI ELECTRIC CO., LTD., Phoenix Contact GmbH & Co. KG, Sumitomo Electric Industries, Ltd., Nexans SA, LS Cable & System Ltd., and MetOx Technologies, Inc.
Scope of the Study
By Type
- Low Temperature Superconductor
- Medium Temperature Superconductor
- High Temperature Superconductor
By Sales Channel
- Direct
- Indirect
By End-user
- Medical
- Energy
- Research
- Transportation
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Bruker Corporation
- Furukawa Electric Co., Ltd.
- Fujikura Ltd.
- Eaton Corporation PLC
- FUJI ELECTRIC CO., LTD.
- Phoenix Contact GmbH & Co. KG
- Sumitomo Electric Industries, Ltd.
- Nexans SA
- LS Cable & System Ltd.
- MetOx Technologies, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Asia Pacific Superconducting Wire Market by Type
Chapter 4. Asia Pacific Superconducting Wire Market by Sales Channel
Chapter 5. Asia Pacific Superconducting Wire Market by End-user
Chapter 6. Asia Pacific Superconducting Wire Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Bruker Corporation
- Furukawa Electric Co., Ltd.
- Fujikura Ltd.
- Eaton Corporation PLC
- FUJI ELECTRIC CO., LTD.
- Phoenix Contact GmbH & Co. KG
- Sumitomo Electric Industries, Ltd.
- Nexans SA
- LS Cable & System Ltd.
- MetOx Technologies, Inc.
Methodology
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About the Superconducting Wire Market
The Superconducting Wire market is a subset of the Wire and Cables industry. Superconducting Wire is a type of wire that is able to conduct electricity with zero resistance at extremely low temperatures. It is used in a variety of applications, such as medical imaging, particle accelerators, and power transmission. Superconducting Wire is made from a variety of materials, including niobium-titanium, niobium-tin, and high-temperature superconductors. The market is driven by the increasing demand for Read more
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