Superconductors Market Report 2026

The superconductors market size has grown rapidly in recent years. It will grow from $8.8 billion in 2025 to $9.81 billion in 2026 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to increasing deployment of mri systems, early development of low-temperature superconductors, rise in research-based superconductor programs, adoption in high-energy physics, growth of power grid modernization initiatives.

The superconductors market size is expected to see rapid growth in the next few years. It will grow to $15.2 billion in 2030 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to rising adoption of high-temperature superconductors, expansion of fusion energy projects, increasing development of superconducting power cables, growth in industrial automation using superconductive magnets, rising demand for efficient renewable energy transmission. Major trends in the forecast period include advancement of cloud-based superconductor modeling, growth of intelligent manufacturing for superconductive materials, expansion of sustainable high-efficiency power systems, adoption of robotic handling in superconductor fabrication, increasing use of superconductors in ev power infrastructure.

The increasing demand for MRI machines is anticipated to boost the growth of the superconductors market in the upcoming years. Magnetic resonance imaging (MRI) utilizes powerful superconducting magnets to produce large and uniform magnetic fields within the patient’s body. MRI devices exemplify technology that enhances the accuracy of diagnosing health conditions. For instance, in May 2023, NHS England, the governing body of the National Health Service in the UK, reported a significant rise in MRI imaging activities, increasing from 327,790 in January 2022 to 521,430 in January 2023. Consequently, the rising demand for MRI machines is driving the expansion of the superconductors market.

Leading companies in the superconductors market are developing innovative technologies, such as cryogen reclamation systems, to deliver reliable services to customers. A cryogen reclamation system is designed to minimize the frequency and cost of cryogen refills. For example, in April 2023, JEOL Ltd., a Japan-based manufacturer of scientific instruments, introduced its Cryogen Reclamation System. These systems reduce the evaporation of liquid helium and liquid nitrogen from superconducting magnets used in nuclear magnetic resonance (NMR), offering a lightweight and space-saving solution.

In September 2025, Tokamak Energy Ltd., a UK-based fusion energy company, acquired Ridgway Machines Ltd. for an undisclosed sum. Through this acquisition, Tokamak Energy aims to accelerate the growth of its superconducting business by utilizing Ridgway Machines’ precision engineering capabilities and advanced manufacturing expertise to advance the development of high-performance superconducting components for fusion energy applications. Ridgway Machines Ltd. is a UK-based engineering company that provides superconductors.

Major companies operating in the superconductors market are American Superconductor, Bruker Corporation, Furukawa Electric Co. Ltd., Sumitomo Electric Industries Ltd., Fujikura Ltd., Superconductor Technologies Inc., Cryomagnetics Inc., Deutsche Nanoschicht GmbH, Japan Superconductor Technology Inc., Supercon Inc., SuperOx, Hyper Tech Research Inc., Scientific Magnetics, Theva Dünnschichttechnik GmbH, Evico Gmbh, Advanced Magnet Lab Inc., American Magnetics Inc., ASG Superconductors Spa, Cryoelectra Gmbh, Cryoton Ltd., SuperPower Inc., Oxford Instruments plc, Hypres Inc., Magnatech LLC, Neocera LLC, SC Solutions Inc., Tokyo DenkAI Co. Ltd.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have elevated the cost of imported superconducting materials, cryogenic components, precision alloys, and power electronics, particularly those sourced from Asian and European suppliers. Energy, medical, industrial, and research sectors face higher procurement costs and extended lead times due to disrupted global supply chains. Nonetheless, tariffs are fostering domestic material refinement, encouraging local manufacturing of superconductive components, and accelerating innovation in cost-efficient high-temperature superconductors to strengthen long-term supply security.

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.

Superconductors are materials that can carry electricity without resistance when cooled below a specific critical temperature. This distinctive property allows for the efficient transfer of electrical currents and the generation of strong magnetic fields. Superconductors play a crucial role in applications such as magnetic resonance imaging (MRI), particle accelerators, and sophisticated power grids.

The superconductors market, as described in this report, is segmented by type into type-I superconductors and type-II superconductors. It is further categorized by material, including stainless steel, yttrium barium copper oxide, bismuth strontium calcium copper oxide, and others. The market is also divided by product into magnets, cables, transformers, and energy storage devices. Additionally, it is segmented by application, covering energy, electronics, medical, research and development, industrial applications, and others.Europe was the largest region in the superconductors market share in 2025. The regions covered in the superconductors market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the superconductors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

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.

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