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Superconductor Market by Type, Product, and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 176
  • SKU: IRTNTR45263
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The superconductor market is estimated to grow at a CAGR of 8.7% between 2022 and 2027. The size of the market is forecasted to increase by USD 4,472.26 million. The growth of the market depends on serval factors, including the development of smart grids, increased adoption of maglev trains, and the growing adoption of superconductor devices in medical applications.

This report extensively covers market segmentation by type (low temperature superconductors and high temperature superconductors), product (magnets, cables, transformers, and energy storage devices), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Superconductor Market During the Forecast Period?

Superconductor Market Size

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Parent Market Analysis

The reports categorize the global superconductor market as a part of the global electronic components market, which covers manufacturers of connectors, electron tubes, electronic capacitors and resistors, electronic coils, printed circuit boards (PCB), transformers and other inductors, and lighting products. The growth of the global electronic components market will be driven by factors such as the growing demand for IoT devices, the increasing demand for passive electronic components, and the implementation of Industry 4.0 initiatives. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Superconductor Market: Key Drivers, Trends, Challenges, and Customer Landscape

The development of smart grids is notably driving the market growth, although factors such as high lead time may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Superconductor Market Driver

The development of smart grids is notably driving the superconductor market growth. Smart grids are intelligent electric grids. They include components such as transmission lines, generators, transformers, smart meters, smart appliances, energy-efficient devices, implantable medical devices (IMDs), and uninterruptible power supply (UPS). The adoption of smart grids is growing, as they are reliable in providing real-time information. 

Smart grids provide various benefits, such as managing the power supply efficiently during blackouts. They are prepared for emergencies such as natural disasters, as they re-route the electrical supply to working lines and isolate the fault lines. Electrical equipment, components, and transmission lines carry high current and voltage at high temperatures, which necessitates the use of superconductor materials. As superconductor devices are suitable for high-temperature applications, they need to be integrated across generators and transformers. Therefore, with the growing interest in smart grid deployment across the world, the need for superconductor devices will drive the market's growth during the forecast period.

Significant Superconductor Market Trend

The emergence of SMES systems is a key trend influencing the superconductor market. A superconducting magnetic energy storage (SMES) system stores the energy in a magnetic field inside a superconducting coil. SMES is a direct electric energy storage technology and is in its early phase of commercialization. It has high power with high energy conversion efficiency, along with instantaneous response time. The growth of the global energy storage market is driven by carbon emission targets, rising smart grids and renewables, and increasing electrification of transport.

Vendors are investing in developing improved SMES systems with higher power storage capacities to keep pace with the growing demand for large-scale energy storage applications. The demand for SMES is mainly driven by its ability to recharge and discharge quickly without degrading the magnet. The growing global demand for power due to climate change concerns, depleting non-renewable energy resources, and rapidly increasing global population is expected to accelerate the demand for SMES. This trend will support the demand for superconducting magnets during the forecast period.

Major Superconductor Market Challenge

The high lead time may impede the superconductor market growth. The extensive lead time required in the development of superconductor technology requires constant government support. Moreover, partnerships between the government and industry play an essential role in this process. Governments have funded many projects to install superconductor cables and products in power grids. However, if the funding is restricted, grid operators may not continue to use superconductor cables and products in their projects.

In-grid demonstrations of superconductor power cables are essential to convince the operators of utilities and power grid operators about the benefits of this technology. Moreover, governments and other organizations are skeptical about the adoption of superconductor technology due to the high lead time and expensive manufacturing processes. This can challenge the growth of the market during the forecast period.

Key Superconductor Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Superconductor Market Share by Geography

Global Superconductor Market Customer Landscape

Who are the Major Superconductor Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • American Superconductor Corp. - The company offers superconductors such as superconducting wires.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Advanced Magnet Lab Inc.
  • BASF SE
  • Bruker Corp.
  • Can Superconductors s.r.o.
  • Cryomagnetics Inc.
  • evico GmbH
  • Fujikura Co. Ltd.
  • Furukawa Electric Co. Ltd.
  • Hitachi Ltd.
  • Hyper Tech Research Inc.
  • Kobe Steel Ltd.
  • LS Corp.
  • Mitsubishi Corp.
  • Siemens AG
  • Southwire Co. LLC
  • Sumitomo Electric Industries Ltd.
  • Supercon Inc.
  • THEVA Dunnschichttechnik GmbH
  • TOSHIBA CORP

 

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What are the Fastest-Growing Segments in the Superconductor Market?

The market share growth by the low temperature superconductors segment will be significant during the forecast period. Materials with a critical temperature of less than 30 K (-243.15C) are considered low-temperature superconductors. Low-temperature superconductors are generally cooled with the help of liquid helium. They are widely used in applications such as high-energy physics, automobiles, magnetic resonance imaging (MRI), and nuclear magnetic resonance (NMR) devices.

Superconductor Market Size

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The low temperature superconductors segment showed a gradual increase in the market share of USD 4,555.32 million in 2017 and continued to grow by 2021. Cylindrical superconducting magnets made from low-temperature Niobium-titanium (NbTi) superconductors are commonly used MRI magnets. NbTi magnets are compact, demonstrate reliable performance, and are cost-effective. These advantages of low temperature are driving the adoption of NbTi superconductors in MRI applications. In addition, the growing use of MRI for medical imaging is anticipated to boost the demand for superconducting magnets. This, in turn, will drive the growth of the low temperature superconductors segment in the global superconductor market during the forecast period.

Which are the Key Regions for the Superconductor Market?

Superconductor Market Share by Geography

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APAC is estimated to account for 47% of the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The increasing investments in the development of power grids and the growth of renewable energy resources are driving the growth of the market in the region during the forecast period. Governments of countries in APAC are investing significantly in developing high-voltage power grids. For instance, in November 2022, Sun Cable signed a deal with the Government of Indonesia to develop the world's largest intercontinental solar and storage project. The growing investments in power grid projects will accelerate the demand for superconducting cables, transformers, and generators. This, in turn, will drive the growth of the market in APAC during the forecast period. The increase in focus on renewable energy in the region is also driving the market's growth. For instance, in November 2022, Sembcorp Industries announced the acquisition of three solar projects with a combined capacity of 795 MW in China for USD 165 million. These investments will lead to the procurement of new equipment, which will require superconducting cables and consequently drive the growth of the market in the region during the forecast period.

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. The closure of international trade led to a decline in the demand for superconductors from different exporters. However, in 2021, due to the large-scale COVID-19 vaccination drives carried out by the governments of several countries, the demand for superconductors increased in many end-user industries such as energy generation and transmission, automotive, and electronics. In addition, the rise in the demand for new technologies from automotive OEMs, such as those for the production of EVs and HEVs, will drive the growth of the superconductor market in the region during the forecast period.

 

Segment Overview

The report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type (low temperature superconductors and high temperature superconductors), product (magnets, cables, transformers, and energy storage devices), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

  • Type Outlook (USD Million, 2017 - 2027)
    • Low temperature superconductors
    • High temperature superconductors
  • Product Outlook (USD Million, 2017 - 2027)
    • Magnets
    • Cables
    • Transformers
    • Energy storage devices
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The US
      • Canada
    • Europe
      • The UK
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East and Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East and Africa
    • South America
      • Argentina
      • Brazil
      • Chile

Superconductor Market Scope

Report Coverage

Details

Page number

176

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.7%

Market growth 2023-2027

USD 4,472.26 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.6

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key countries

US, China, Taiwan, South Korea, and Japan

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Advanced Magnet Lab Inc., American Superconductor Corp., BASF SE, Bruker Corp., Can Superconductors s.r.o., Cryomagnetics Inc., evico GmbH, Fujikura Co. Ltd., Furukawa Electric Co. Ltd., Hitachi Ltd., Hyper Tech Research Inc., Kobe Steel Ltd., LS Corp., Mitsubishi Corp., Siemens AG, Southwire Co. LLC, Sumitomo Electric Industries Ltd., Supercon Inc., THEVA Dunnschichttechnik GmbH, and TOSHIBA CORP

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Superconductor Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the superconductor market between 2023 and 2027
  • Precise estimation of the size of the superconductor market and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of superconductor market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global superconductor market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global superconductor market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Low temperature superconductors - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Low temperature superconductors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Low temperature superconductors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Low temperature superconductors - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Low temperature superconductors - Year-over-year growth 2022-2027 (%)
    • 6.4 High temperature superconductors - Market size and forecast 2022-2027
      • Exhibit 38: Chart on High temperature superconductors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on High temperature superconductors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on High temperature superconductors - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on High temperature superconductors - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 43: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 45: Chart on Comparison by Product
      • Exhibit 46: Data Table on Comparison by Product
    • 7.3 Magnets - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Magnets - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Magnets - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Magnets - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Magnets - Year-over-year growth 2022-2027 (%)
    • 7.4 Cables - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Cables - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Cables - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Cables - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Cables - Year-over-year growth 2022-2027 (%)
    • 7.5 Transformers - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Transformers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Transformers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Transformers - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Transformers - Year-over-year growth 2022-2027 (%)
    • 7.6 Energy storage devices - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Energy storage devices - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Energy storage devices - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Energy storage devices - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Energy storage devices - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Product
      • Exhibit 63: Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Taiwan - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Taiwan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Taiwan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Taiwan - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Taiwan - Year-over-year growth 2022-2027 (%)
    • 9.11 South Korea - Market size and forecast 2022-2027
      • Exhibit 101: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 American Superconductor Corp.
              • Exhibit 116: American Superconductor Corp. - Overview
              • Exhibit 117: American Superconductor Corp. - Business segments
              • Exhibit 118: American Superconductor Corp. - Key offerings
              • Exhibit 119: American Superconductor Corp. - Segment focus
            • 12.4 BASF SE
              • Exhibit 120: BASF SE - Overview
              • Exhibit 121: BASF SE - Business segments
              • Exhibit 122: BASF SE - Key news
              • Exhibit 123: BASF SE - Key offerings
              • Exhibit 124: BASF SE - Segment focus
            • 12.5 Bruker Corp.
              • Exhibit 125: Bruker Corp. - Overview
              • Exhibit 126: Bruker Corp. - Business segments
              • Exhibit 127: Bruker Corp. - Key news
              • Exhibit 128: Bruker Corp. - Key offerings
              • Exhibit 129: Bruker Corp. - Segment focus
            • 12.6 Cryomagnetics Inc.
              • Exhibit 130: Cryomagnetics Inc. - Overview
              • Exhibit 131: Cryomagnetics Inc. - Product / Service
              • Exhibit 132: Cryomagnetics Inc. - Key offerings
            • 12.7 evico GmbH
              • Exhibit 133: evico GmbH - Overview
              • Exhibit 134: evico GmbH - Product / Service
              • Exhibit 135: evico GmbH - Key offerings
            • 12.8 Fujikura Co. Ltd.
              • Exhibit 136: Fujikura Co. Ltd. - Overview
              • Exhibit 137: Fujikura Co. Ltd. - Business segments
              • Exhibit 138: Fujikura Co. Ltd. - Key news
              • Exhibit 139: Fujikura Co. Ltd. - Key offerings
              • Exhibit 140: Fujikura Co. Ltd. - Segment focus
            • 12.9 Furukawa Electric Co. Ltd.
              • Exhibit 141: Furukawa Electric Co. Ltd. - Overview
              • Exhibit 142: Furukawa Electric Co. Ltd. - Business segments
              • Exhibit 143: Furukawa Electric Co. Ltd. - Key news
              • Exhibit 144: Furukawa Electric Co. Ltd. - Key offerings
              • Exhibit 145: Furukawa Electric Co. Ltd. - Segment focus
            • 12.10 Hitachi Ltd.
              • Exhibit 146: Hitachi Ltd. - Overview
              • Exhibit 147: Hitachi Ltd. - Business segments
              • Exhibit 148: Hitachi Ltd. - Key news
              • Exhibit 149: Hitachi Ltd. - Key offerings
              • Exhibit 150: Hitachi Ltd. - Segment focus
            • 12.11 Kobe Steel Ltd.
              • Exhibit 151: Kobe Steel Ltd. - Overview
              • Exhibit 152: Kobe Steel Ltd. - Business segments
              • Exhibit 153: Kobe Steel Ltd. - Key offerings
              • Exhibit 154: Kobe Steel Ltd. - Segment focus
            • 12.12 Mitsubishi Corp.
              • Exhibit 155: Mitsubishi Corp. - Overview
              • Exhibit 156: Mitsubishi Corp. - Business segments
              • Exhibit 157: Mitsubishi Corp. - Key news
              • Exhibit 158: Mitsubishi Corp. - Key offerings
              • Exhibit 159: Mitsubishi Corp. - Segment focus
            • 12.13 Siemens AG
              • Exhibit 160: Siemens AG - Overview
              • Exhibit 161: Siemens AG - Business segments
              • Exhibit 162: Siemens AG - Key news
              • Exhibit 163: Siemens AG - Key offerings
              • Exhibit 164: Siemens AG - Segment focus
            • 12.14 Southwire Co. LLC
              • Exhibit 165: Southwire Co. LLC - Overview
              • Exhibit 166: Southwire Co. LLC - Product / Service
              • Exhibit 167: Southwire Co. LLC - Key offerings
            • 12.15 Sumitomo Electric Industries Ltd.
              • Exhibit 168: Sumitomo Electric Industries Ltd. - Overview
              • Exhibit 169: Sumitomo Electric Industries Ltd. - Business segments
              • Exhibit 170: Sumitomo Electric Industries Ltd. - Key news
              • Exhibit 171: Sumitomo Electric Industries Ltd. - Key offerings
              • Exhibit 172: Sumitomo Electric Industries Ltd. - Segment focus
            • 12.16 THEVA Dunnschichttechnik GmbH
              • Exhibit 173: THEVA Dunnschichttechnik GmbH - Overview
              • Exhibit 174: THEVA Dunnschichttechnik GmbH - Product / Service
              • Exhibit 175: THEVA Dunnschichttechnik GmbH - Key offerings
            • 12.17 TOSHIBA CORP
              • Exhibit 176: TOSHIBA CORP - Overview
              • Exhibit 177: TOSHIBA CORP - Business segments
              • Exhibit 178: TOSHIBA CORP - Key offerings
              • Exhibit 179: TOSHIBA CORP - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 180: Inclusions checklist
                • Exhibit 181: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 182: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 183: Research methodology
                • Exhibit 184: Validation techniques employed for market sizing
                • Exhibit 185: Information sources
              • 13.5 List of abbreviations
                • Exhibit 186: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Superconductor market growth will increase by $4472.26 million during 2023-2027.
              The superconductor market is expected to grow at a CAGR of 8.7% during 2023-2027.
              Technavio has segmented the superconductor market by type (Low temperature superconductors, High temperature superconductors, Transformers, and Energy storage devices) ,product (Magnets, Cables, Transformers, Energy storage devices, and MEA) , and geography (APAC, North America, Europe, South America, and Middle East and Africa).
              Advanced Magnet Lab Inc., American Superconductor Corp., BASF SE, Bruker Corp., Can Superconductors s.r.o., Cryomagnetics Inc., evico GmbH, Fujikura Co. Ltd., Furukawa Electric Co. Ltd., Hitachi Ltd., Hyper Tech Research Inc., Kobe Steel Ltd., LS Corp., Mitsubishi Corp., Siemens AG, Southwire Co. LLC, Sumitomo Electric Industries Ltd., Supercon Inc., THEVA Dunnschichttechnik GmbH, TOSHIBA CORP are a few of the key vendors in the superconductor market.
              APAC will register the highest growth rate of 46.99% among the other regions. Therefore, the superconductor market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • Taiwan
              • South Korea
              • Japan
              The key factors driving the superconductor market growth are:
              • Development of smart grids
              • Emergence of SMES systems
              The superconductor market vendors should focus on grabbing business opportunities from the low temperature superconductors segment as it accounted for the largest market share in the base year.
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