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 - Product Image

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

  • ID: 4059384
  • Report
  • Region: Global
  • 127 Pages
  • Markets and Markets
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Superconducting Wire Market worth 1,008.2 Million USD by 2021

FEATURED COMPANIES

  • Bruker Corporation
  • Fujikura Ltd.
  • Supercon Inc.
  • Superox
  • MORE

“The superconducting wire market is projected to grow at a CAGR of 9.6% from 2016 to 2021”

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.

“The LT & MT superconductor segment is expected to have the largest market share by 2021”

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.

“Europe: The largest market for Superconductor”

Europe is estimated to be the largest market in superconducting wire market from 2016 to 2021. The European region is most active in the field of superconductors with maximum countries investing in various applications to speed up the process of commercialization of superconductor equipment. Countries such as Germany, Spain, the Netherlands, the U.K., and France are expected to generate high demand for superconductor cables and generators. Countries such as Germany, the U.K., and France have also witnessed a decent demand for superconducting equipment such as fault current limiter from 2013 to 2016 in several energy and industrial applications. Superconductors market is expected to grow at the highest CAGR in North America during the forecast period as high investments are being made in the region to commercialize superconductors and to exploit its advantages to the fullest. There are several research projects based on superconductors underway in universities such as University of Houston, and Massachusetts Institute of Technology in the U.S., which have made several breakthroughs in superconductor technologies for medical, energy, and industrial applications.

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%

Note: The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 = > USD 5 billion, Tier 2 = From USD 1 billion to USD 5 billion, and Tier 3 =

Some of the prominent players in the superconducting wire market include American Superconductor Corporation (U.S.), Bruker Corporation (U.S.), Furukawa Electric Co., Ltd. (Japan), Fujikura Ltd. (Japan), Superconductor Technologies Inc. (U.S.), Superox (Russia), Theva Dünnschichttechnik GmbH (Germany), Sumitomo Electric Industries, Ltd. (Japan), Japan Superconductor Technology, Inc. (Japan), and Supercon Inc. (U.S.).

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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FEATURED COMPANIES

  • Bruker Corporation
  • Fujikura Ltd.
  • Supercon Inc.
  • Superox
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Country-Wise Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitation
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.3 Market Breakdown & Data Triangulation
2.4 Assumptions & Limitations
2.4.1 Assumptions

3 Executive Summary
3.1 Introduction
3.2 Current Scenario
3.3 Future Outlook
3.4 Conclusion

4 Premium Insights
4.1 Superconducting Wire: Regional Growth Rate (2016-2021)
4.2 Superconducting Wire Market, By End-User
4.3 Europe Superconducting Wire Market

5 Market Overview
5.1 Introduction
5.2 Recent Discoveries in High-Temperature Superconductors
5.3 Superconducting Wire: Market Segmentation
5.3.1 By Application
5.3.2 By Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Synergies of H.V. Transmission Application and High Efficiencies
5.4.1.2 Growing Demand for Superconductor Based Mri System
5.4.1.3 Advancement in Computer Chip Designing Technology Leading to Higher Demand for Superconductors
5.4.2 Restraints
5.4.2.1 High Operating Expenses at Low Voltage (Power Distribution)
5.4.2.2 Lack of Acceptance With Respect to Reliability
5.4.3 Opportunities
5.4.3.1 High Growth Opportunities in Transportation, Medical, Industrial Processing, Research, and Electronics & Communication
5.4.4 Challenges
5.4.4.1 High Manufacturing Cost for Superconductors
5.4.4.2 Lack of Standard Testing Facility
5.4.4.3 Superconductor: Demand Supply Mismatch
5.5 Supply Chain
5.5.1 Raw Material Suppliers
5.5.2 Superconductor Manufacturers
5.5.3 Original Equipment Manufacturers
5.5.4 End-Use Application

6 Superconducting Wire Market, By Type
6.1 Introduction
6.2 Lt Superconductor & MT Superconductor
6.3 Ht Superconductor
6.3.1 First Generation Ht Superconducting Wire Market
6.3.2 Second Generation Ht Superconducting Wire Market

7 Superconducting Wire Market, By Application
7.1 Introduction
7.2 Energy
7.3 Medical
7.4 Research
7.5 Industry
7.6 Others

8 Superconducting Wire Market, By Region
8.1 Introduction
8.2 Europe
8.2.1 By Type
8.2.2 By Application
8.2.3 By Country
8.2.3.1 Germany
8.2.3.2 U.K.
8.2.3.3 Russia
8.2.3.4 France
8.2.3.5 Switzerland
8.2.3.6 Rest of Europe
8.3 North America
8.3.1 By Type
8.3.2 By Application
8.3.3 By Country
8.3.3.1 U.S.
8.3.3.2 Canada
8.4 Asia-Pacific
8.4.1 By Type
8.4.2 By Application
8.4.3 By Country
8.4.3.1 China
8.4.3.2 Australia
8.4.3.3 Japan
8.4.3.4 New Zealand
8.4.3.5 South Korea

9 Competitive Landscape
9.1 Overview
9.2 Competitive Situation & Trends
9.3 Contracts & Agreements
9.4 Expansions
9.5 New Product & Technology Launch
9.6 Mergers & Acquisitions
9.7 Other Developments

10 Company Profiles
(Overview, Products & Services, Strategies & Insights, Developments and Mnm View) -
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
  • Details on Overview, Products & Services, Strategies & Insights, Developments and Mnm View Might Not Be Captured in Case of Unlisted Companies.
11 Appendix
11.1 Insights of Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store
11.4 Introducing RT: Real-Time Market Intelligence
11.5 Available Customizations
11.6 Related Reports

List of Tables:
Table 1 Recent Discoveries in High-Temperature Superconductors
Table 2 Table: Cost Comparison Between Conventional Transmission System and Superconductor Cable
Table 3 Table: Advantages of Superconductors Over Conventional Wires
Table 4 Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 5 Lt & MT Superconductors : Superconducting Wire Market Size, By Region, 2014-2021 (USD Million)
Table 6 Lt & MT Superconductors : Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 7 Ht Superconductors: Superconducting Wire Market Size, By Region, 2014-2021 (USD Million)
Table 8 Ht Superconductors: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 9 Ht Superconductors: Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 10 Ht Superconductors : Superconducting Wire Market Size, By Equipment, 2014-2021 (USD Million)
Table 11 First Generation: Ht Superconducting Wire Market Size, By Region, 2014-2021 (USD Million)
Table 12 Second Generation : Ht Superconducting Wire Market Size, By Region, 2014-2021 (USD Million)
Table 13 Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 14 Energy: Superconducting Wire Market Size, By Region, 2014-2021 (USD Million)
Table 15 Energy: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 16 Medical: Superconductor Size, By Region, 2014-2021 (USD Million)
Table 17 Medical: Superconductor Size, By Type, 2014-2021 (USD Million)
Table 18 Research: Superconducting Wire Market Size, By Region, 2014-2021 (USD Million)
Table 19 Research: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 20 Industry: Superconducting Wire Market Size, By Region, 2014-2021 (USD Million)
Table 21 Industry: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 22 Others: Superconducting Wire Market Size, By Region, 2014-2021 (USD Million)
Table 23 Others: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 24 Superconducting Wire Market Size, By Region, 2014-2021 (USD Million)
Table 25 Europe: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 26 Europe: Ht Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 27 Europe: Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 28 Europe: Superconducting Wire Market Size, By Country, 2014-2021 (USD Million)
Table 29 Germany: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 30 Germany: Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 31 U.K.: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 32 U.K.: Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 33 Russia: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 34 Russia: Superconducting Wire Market Size, By Application 2014-2021 (USD Million)
Table 35 France: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 36 France: Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 37 Switzerland: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 38 Switzerland: Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 39 Rest of Europe: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 40 Rest of Europe: Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 41 North America: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 42 North America: Ht Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 43 North America: Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 44 North America: Superconducting Wire Market Size, By Country, 2014-2021 (USD Million)
Table 45 U.S.: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 46 U.S.: Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 47 Canada: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 48 Canada: Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 49 Asia-Pacific: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 50 Asia-Pacific: Ht Superconducting Wire Market Size, By Type, 2014-2021 (USD)
Table 51 Asia-Pacific: Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 52 Asia-Pacific: Superconducting Wire Market Size, By Country, 2014-2021 (USD Million)
Table 53 China: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 54 China: Superconducting Wire Market Size, By Application, 2014-2021, (USD Million)
Table 55 Australia: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 56 Australia: Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 57 Japan: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 58 Japan: Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 59 New Zealand: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 60 New Zealand: Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 61 South Korea: Superconducting Wire Market Size, By Type, 2014-2021 (USD Million)
Table 62 South Korea: Superconducting Wire Market Size, By Application, 2014-2021 (USD Million)
Table 63 Top 5 Countries in Global Superconducting Wire Market 2014-2021 (USD Million)
Table 64 Contracts & Agreements, 2015-2016
Table 65 Expansions, 2015
Table 66 New Product Developments, 2015-2016
Table 67 Mergers & Acquisitions, 2016
Table 68 Other Developments, 2016

List of Figures:
Figure 1 Superconducting Wire: Market Segmentation
Figure 2 Superconducting Wire Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Data Triangulation Methodology
Figure 5 Assumptions of the Research Study
Figure 6 Europe Dominated the Superconducting Wire Market in 2015
Figure 7 Superconducting Wire Market Share, By Type (2015)
Figure 8 the Research Segment Led the Superconducting Wire Market, By Application, in 2015
Figure 9 Superconducting Wire Market, By Application, 2016 & 2021
Figure 10 Attractive Market Opportunities in the Superconducting Wire Market, 2016-2021
Figure 11 the Market in North America is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Energy Segment is Expected to Dominate the Superconducting Wire Market By 2021
Figure 13 Europe Accounted for the Largest Share in the Superconducting Wire Market in 2015
Figure 14 Superconducting Wire Market Segmentation By Type, Application, & Region
Figure 15 Superconducting Wire Market: By Application
Figure 16 Superconducting Wire Market :By Region
Figure 17 Synergies of High Voltage Transmission Application and High Efficiencies is Expected to Drive the Superconducting Wire Market During the Forecast Period
Figure 19 Year on Year Growth of Mri Systems Market, 2012-2016 (%)
Figure 20 Ht Superconductor Segment is Expected to Dominate the Superconducting Wire Market By 2021
Figure 21 Energy Segment is Expected to Dominate the Superconducting Wire Market By 2021
Figure 22 Regional Snapshot (2015): Growing Markets Emerging as New Hot Spots
Figure 23 North America to Drive the Superconducting Wire Market Size, By Region, 2016 & 2021 (USD Million)
Figure 24 an Overview of the European Superconducting Wire Market
Figure 25 an Overview of the Superconducting Wire Market in North America
Figure 26 Companies Adopted Contracts and Agreements as the Key Growth Strategy, 2013-2016
Figure 27 Top 5 Companies in Superconducting Wire Market, By Revenue, 2015
Figure 28 Market Evaluation Framework
Figure 29 Battle for Market Share: Contracts and Agreements Was the Key Strategy, 2013-2016
Figure 30 Regional Revenue Mix of the Top Market Players
Figure 31 American Superconductor Corporation: Company Snapshot
Figure 32 American Superconductor Corporation: SWOT Analysis
Figure 33 Bruker Corporation: Company Snapshot
Figure 34 Bruker Corporation: SWOT Analysis
Figure 35 Fujikura Ltd.: Company Snapshot
Figure 36 Fujikura Ltd.: SWOT Analysis
Figure 37 Furukawa Electric Co., Ltd.: Company Snapshot
Figure 38 Furukawa Electric Co., Ltd.: SWOT Analysis
Figure 39 Superconductor Technologies Inc.: Company Snapshot
Figure 40 Superconductor Technologies Inc.: SWOT Analysis
Figure 41 Sumitomo Electric Industries, Ltd.: Company Snapshot
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FEATURED COMPANIES

  • Bruker Corporation
  • Fujikura Ltd.
  • Supercon Inc.
  • Superox
  • MORE

The global superconducting wire market is projected to grow at a CAGR of 9.6% from 2016 to 2021, to reach a market size of USD 1,008.2 Million by 2021. Growing demand for superconductor based MRI system and synergies of H.V. transmission application and high efficiencies are the major drivers of the superconducting wire market.

The report segments the superconducting wire market by type into HT superconductors and LT & MT superconductors. The HT superconductor segment is projected to dominate the superconducting wire market. This is because HT superconductors require cheaper cryogenic systems for cooling the wire to attain superconductivity.

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.

The North America market is projected to grow at the highest CAGR from 2016 to 2021. The region has been very active in the field of superconductivity since the beginning and is continuously making improvements in this technology to make it more feasible for the practical use. There are several research projects based on superconductors underway, in universities such as University of Houston, and Massachusetts Institute of Technology in the U.S. which have made several breakthroughs in superconductor technologies for medical, energy, and industrial applications. High investments are being made in the region to commercialize superconductors and to exploit its advantages to the fullest.

High capital cost of superconducting devices due to costly cryogenic systems could be a restraint of the superconducting wire market, leading to declining profits. In addition, lack of acceptance with respect to reliability of superconducting devices has hindered the growth of the superconducting wire market.

Leading players in the superconducting wire market include American Superconductor Corporation (U.S.), Bruker Corporation (U.S.), Furukawa Electric Co., Ltd. (Japan), Fujikura Ltd. (Japan), and Superconductor Technologies Inc. (U.S.). Contracts & agreements was the strategy most commonly adopted by the top players, constituting 60% of the total developments from 2013 to 2016. It was followed by new product & technology launches, expansions, and mergers & acquisitions.

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  • American Superconductor Corporation
  • Bruker Corporation
  • Fujikura Ltd.
  • Furukawa Electric Co., Ltd.
  • Japan Superconductor Technology, Inc.
  • Sumitomo Electric Industries, Ltd.
  • Supercon Inc.
  • Superconductor Technologies Inc.
  • Superox
  • Theva Dünnschichttechnik Gmbh
Note: Product cover images may vary from those shown
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