Global High Temperature Superconductor (HTS) Cables Market Growth 2023-2029

Global High Temperature Superconductor (HTS) Cables Market Growth 2023-2029

Superconducting power cables act as a bridge between electric energy transmission and distribution. In a superconducting power cable, a superconducting conductor that reaches superconductivity of zero electric resistance below a specific low temperature is used, allowing low-loss transmission of large currents. Superconducting cables with just 20 percent of the thickness of copper cables have an advantage of heightening electric power transmission dimensions a maximum of 10 times (5 times in alternating current, 10 times in direct current) compared to previous cables by using the superconducting phenomenon that electric resistance disappears at -196℃. This means that there is hardly any dissipation of electricity during power transmission. At present, many national research institutions and cable manufacturers are researching and developing this product. The cable market will completely switch to superconducting cables in the future. Many governments are supporting businesses for the commercialization because of the enormous cost of the project.
LPI (LP Information)' newest research report, the “High Temperature Superconductor (HTS) Cables Industry Forecast” looks at past sales and reviews total world High Temperature Superconductor (HTS) Cables sales in 2022, providing a comprehensive analysis by region and market sector of projected High Temperature Superconductor (HTS) Cables sales for 2023 through 2029. With High Temperature Superconductor (HTS) Cables sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world High Temperature Superconductor (HTS) Cables industry.
This Insight Report provides a comprehensive analysis of the global High Temperature Superconductor (HTS) Cables landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on High Temperature Superconductor (HTS) Cables portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global High Temperature Superconductor (HTS) Cables market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for High Temperature Superconductor (HTS) Cables and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global High Temperature Superconductor (HTS) Cables.
The global High Temperature Superconductor (HTS) Cables market size is projected to grow from US$ 4 million in 2022 to US$ 981.3 million in 2029; it is expected to grow at a CAGR of 981.3 from 2023 to 2029.
Global top five manufacturers of High Temperature Superconductor (HTS) Cables occupied for a share about 100 percent, key players are Nexans, SHSC, Furukawa Electric, LS Cable & System and NKT, etc. China is the largest producer of High Temperature Superconductor (HTS) Cables, followed by Europe and Japan.
This report presents a comprehensive overview, market shares, and growth opportunities of High Temperature Superconductor (HTS) Cables market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Bi2223 Cables
YBCO Cables
Segmentation by application
Grid and Smart Grid
Industrial Applications
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Nexans
Furukawa Electric
SHSC
LS Cable & System
NKT
JSC VNIIKP
SWCC Showa Holdings
Key Questions Addressed in this Report
What is the 10-year outlook for the global High Temperature Superconductor (HTS) Cables market?
What factors are driving High Temperature Superconductor (HTS) Cables market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do High Temperature Superconductor (HTS) Cables market opportunities vary by end market size?
How does High Temperature Superconductor (HTS) Cables break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.