Global Superconductor Market 2024-2028
The superconductor market is forecasted to grow by USD 5.31 bn during 2023-2028, accelerating at a CAGR of 9.28% during the forecast period. The report on the superconductor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by development of smart grids, increasing demand for energy efficiency, and rising adoption of superconductor devices in medical applications.
Technavio's superconductor market is segmented as below:
By Application
- Magnets
- Cables
- Transformers
- Energy storage devices
By Type
- Low Temperature Superconductors
- High Temperature Superconductors
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the emergence of smes systems as one of the prime reasons driving the superconductor market growth during the next few years. Also, increasing interest in quantum computing and growing demand for power electronics will lead to sizable demand in the market.
The report on the superconductor market covers the following areas:
- Superconductor market sizing
- Superconductor market forecast
- Superconductor market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading superconductor market vendors that include American Superconductor Corp., ASG Superconductors Spa, BASF SE, Bruker Corp., Can Superconductors s.r.o., Cryomagnetics Inc., evico GmbH, Fujikura Ltd., Furukawa Electric Co. Ltd., High Temperature Superconductors Inc., Hitachi Ltd., HORIBA Ltd., Kobe Steel Ltd., Mitsubishi Corp., New England Wire Technologies, Siemens AG, Sumitomo Electric Industries Ltd., Supercon Inc., THEVA Dunnschichttechnik GmbH, and Toshiba Corp.. Also, the superconductor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.