Quick Summary:
In the highly innovative superconductors industry, keeping a finger on the pulse of market trends, future opportunities, and strategic movements of key players is paramount. Our comprehensive report is tailored to provide Senior Executives and decision-makers an in-depth analysis on both the current landscape and potential future of the global superconductors market. It offers a strategic overview of the market's demand and supply aspects, growth drivers, challenges, and competitive behavior.
Emphasizing more than just global and regional statistics, the report delves into critical segments including type-I and type-II superconductors, various materials used, and an array of end-use applications. It further addresses the increasing demand in sectors like energy, healthcare, and technology. The report offers analysis on key market players and highlights innovative initiatives such as the development of touchless superconductor devices. This report is an essential tool for any organization looking to leverage growth opportunities and navigate challenges within the superconductors market.
The global superconductors market grew from $6.63 billion in 2022 to $7.39 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The superconductors market is expected to grow to $11.6 billion in 2027 at a CAGR of 11.9%.
The superconductors market consists of sales of low-temperature superconductors and high-temperature superconductors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
A superconductor is a device that can transmit electricity or transfer electrons from one atom to another without resistance.
Europe was the largest region in the superconductors market in 2022. The regions covered in the superconductors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The superconductors market covered in this report is segmented by type into a type-I superconductor, type-II superconductor; by material into stainless steel, yttrium barium copper oxide, bismuth strontium calcium copper oxide, and others; by product into magnets, cables, transformers, energy storage devices; by application into energy, electronics, medical, research and development, industrial, others.
The growing demand for MRI machines is expected to drive the growth of the superconductors market in the coming years. Magnetic resonance imaging, or MRI, employs strong superconducting magnets to generate large and even magnetic fields within the patient's body. Magnetic Resonance Imaging (MRI) devices are an example of technology used to improve the precision of the diagnosis of health issues. According to the Health System Tracker, in 2020, the USA has 40.4 MRI machines per million people, considerably more than most comparably rich countries excluding Japan (55.2). Therefore, the growing demand for MRI machines drives the growth of the superconductors market.
The high costs associated with superconducting products are expected to hamper the growth of the superconductors market in the forecast period. Superconducting magnets are electromagnets, constructed from superconducting wire coils, and are required to be cooled while used to lower temperatures. They can produce strong magnetic fields since the cable covering the magnet has no electrical resistance when the magnet is in its superconducting state. Although superconducting magnets are fantastic, they can be costly to operate due to the energy lost as heat in the windings. The cost of the semiconductor magnet ranges from $75 to $575 per kilogram depending on the manufacturer. Therefore, high-cost restrain the growth of the superconductors market.
Major companies working in the superconductor industry are focused on developing advanced technology solutions for superconductors. For instance, in June 2020, Festo, a German-based industrial control and automation company introduced a lab automation superconductor device that transfers materials without touching. The company stated that its SupraModule design that allows wireless control of operations with an autonomous energy generation on a magnetic, floating carrier.
The countries covered in the superconductors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The superconductors market research report is one of a series of new reports that provides superconductors market statistics, including superconductors industry global market size, regional shares, competitors with a superconductors market share, detailed superconductors market segments, market trends and opportunities, and any further data you may need to thrive in the superconductors industry. This superconductors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Major players in the superconductors market are American Superconductor, Bruker, Furukawa Electric Co. Ltd., Southwire Company LLC., Sumitomo Electric Industries Ltd., Fujikura Ltd., Superconductor Technologies Inc., Cryomagnetics Inc., Deutsche Nanoschicht GmbH, and Japan Superconductor Technology Inc.
This product will be delivered within 1-3 business days.
The superconductors market consists of sales of low-temperature superconductors and high-temperature superconductors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
A superconductor is a device that can transmit electricity or transfer electrons from one atom to another without resistance.
Europe was the largest region in the superconductors market in 2022. The regions covered in the superconductors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The superconductors market covered in this report is segmented by type into a type-I superconductor, type-II superconductor; by material into stainless steel, yttrium barium copper oxide, bismuth strontium calcium copper oxide, and others; by product into magnets, cables, transformers, energy storage devices; by application into energy, electronics, medical, research and development, industrial, others.
The growing demand for MRI machines is expected to drive the growth of the superconductors market in the coming years. Magnetic resonance imaging, or MRI, employs strong superconducting magnets to generate large and even magnetic fields within the patient's body. Magnetic Resonance Imaging (MRI) devices are an example of technology used to improve the precision of the diagnosis of health issues. According to the Health System Tracker, in 2020, the USA has 40.4 MRI machines per million people, considerably more than most comparably rich countries excluding Japan (55.2). Therefore, the growing demand for MRI machines drives the growth of the superconductors market.
The high costs associated with superconducting products are expected to hamper the growth of the superconductors market in the forecast period. Superconducting magnets are electromagnets, constructed from superconducting wire coils, and are required to be cooled while used to lower temperatures. They can produce strong magnetic fields since the cable covering the magnet has no electrical resistance when the magnet is in its superconducting state. Although superconducting magnets are fantastic, they can be costly to operate due to the energy lost as heat in the windings. The cost of the semiconductor magnet ranges from $75 to $575 per kilogram depending on the manufacturer. Therefore, high-cost restrain the growth of the superconductors market.
Major companies working in the superconductor industry are focused on developing advanced technology solutions for superconductors. For instance, in June 2020, Festo, a German-based industrial control and automation company introduced a lab automation superconductor device that transfers materials without touching. The company stated that its SupraModule design that allows wireless control of operations with an autonomous energy generation on a magnetic, floating carrier.
The countries covered in the superconductors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The superconductors market research report is one of a series of new reports that provides superconductors market statistics, including superconductors industry global market size, regional shares, competitors with a superconductors market share, detailed superconductors market segments, market trends and opportunities, and any further data you may need to thrive in the superconductors industry. This superconductors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Major players in the superconductors market are American Superconductor, Bruker, Furukawa Electric Co. Ltd., Southwire Company LLC., Sumitomo Electric Industries Ltd., Fujikura Ltd., Superconductor Technologies Inc., Cryomagnetics Inc., Deutsche Nanoschicht GmbH, and Japan Superconductor Technology Inc.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Superconductors Market
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| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 7.39 billion |
| Forecasted Market Value ( USD | $ 11.6 billion |
| Compound Annual Growth Rate | 11.9% |
| Regions Covered | Global |
Table of Contents
1. Executive Summary2. Superconductors Market Characteristics
3. Superconductors Market Trends And Strategies
4. Superconductors Market - Macro Economic Scenario
4.1. COVID-19 Impact On Superconductors Market
4.2. Ukraine-Russia War Impact On Superconductors Market
4.3. Impact Of High Inflation On Superconductors Market
5. Superconductors Market Size And Growth
5.1. Global Superconductors Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Superconductors Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Superconductors Market Segmentation
6.1. Global Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Type-I Superconductor
- Type-II Superconductor
- Stainless Steel
- Yttrium Barium Copper Oxide
- Bismuth Strontium Calcium Copper Oxide
- Other Materials
- Magnets
- Cables
- Transformers
- Energy Storage Devices
- Energy
- Electronics
- Medical
- Research and Development
- Industrial
- Other Applications
7.1. Global Superconductors Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Superconductors Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Superconductors Market
8.1. Asia-Pacific Superconductors Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.3. Asia-Pacific Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Superconductors Market
9.1. China Superconductors Market Overview
9.2. China Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Superconductors Market
10.1. India Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Superconductors Market
11.1. Japan Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Superconductors Market
12.1. Australia Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Superconductors Market
13.1. Indonesia Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Superconductors Market
14.1. South Korea Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Superconductors Market
15.1. Western Europe Superconductors Market Overview
15.2. Western Europe Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Superconductors Market
16.1. UK Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Superconductors Market
17.1. Germany Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Superconductors Market
18.1. France Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Superconductors Market
19.1. Eastern Europe Superconductors Market Overview
19.2. Eastern Europe Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Superconductors Market
20.1. Russia Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Superconductors Market
21.1. North America Superconductors Market Overview
21.2. North America Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Superconductors Market
22.1. USA Superconductors Market Overview
22.2. USA Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Superconductors Market
23.1. South America Superconductors Market Overview
23.2. South America Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Superconductors Market
24.1. Brazil Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Superconductors Market
25.1. Middle East Superconductors Market Overview
25.2. Middle East Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Superconductors Market
26.1. Africa Superconductors Market Overview
26.2. Africa Superconductors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Superconductors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Superconductors Market Competitive Landscape And Company Profiles
27.1. Superconductors Market Competitive Landscape
27.2. Superconductors Market Company Profiles
27.2.1. American Superconductor
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Bruker
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Furukawa Electric Co. Ltd.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Southwire Company LLC.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Sumitomo Electric Industries Ltd.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Superconductors Market
29. Superconductors Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Superconductors Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on superconductors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered
1) By Type: Type-I Superconductor; Type-II Superconductor2) By Material: Stainless Steel; Yttrium Barium Copper Oxide; Bismuth Strontium Calcium Copper Oxide; Other Materials
3) By Product: Magnets; Cables; Transformers; Energy Storage Devices
4) By Application: Energy; Electronics; Medical; Research And Development; Industrial; Other Applications
Companies Mentioned: American Superconductor; Bruker; Furukawa Electric Co. Ltd.; Southwire Company LLC.; Sumitomo Electric Industries Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
A selection of companies mentioned in this report includes:
- American Superconductor
- Bruker
- Furukawa Electric Co. Ltd.
- Southwire Company LLC.
- Sumitomo Electric Industries Ltd.
- Fujikura Ltd.
- Superconductor Technologies Inc.
- Cryomagnetics Inc.
- Deutsche Nanoschicht GmbH
- Japan Superconductor Technology Inc.
- Supercon Inc.
- SuperOx
- Ceraco Ceramic Coating GmbH
- Hyper Tech Research Inc.
- LS Cable & System Ltd.
- Scientific Magnetics
- Theva Dünnschichttechnik GmbH.
- Toshiba Corporation
- Evico Gmbh
- Advanced Magnet Lab Inc.
- Alstom
- American Magnetics Inc.
- ASG Superconductors Spa
- Cryoelectra Gmbh
- Cryoton Ltd.
- Eriez Manufacturing Co.
Methodology
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