Global Superconducting Cables Market Growth 2023-2029

Global Superconducting 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. Our data only covers manufacturer revenue from superconducting power cables. Cooling equipment is generally provided by industrial gas manufacturers, so this part of income is not counted.
LPI (LP Information)' newest research report, the “Superconducting Cables Industry Forecast” looks at past sales and reviews total world Superconducting Cables sales in 2022, providing a comprehensive analysis by region and market sector of projected Superconducting Cables sales for 2023 through 2029. With Superconducting Cables sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Superconducting Cables industry.
This Insight Report provides a comprehensive analysis of the global Superconducting 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 Superconducting Cables portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Superconducting Cables market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Superconducting 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 Superconducting Cables.
The global Superconducting Cables market size is projected to grow from US$ 317.9 million in 2022 to US$ 727.5 million in 2029; it is expected to grow at a CAGR of 727.5 from 2023 to 2029.
Global Superconducting Cables key players include Nexans, AMSC, MetOx, Furukawa Electric, STI, etc. Global top five manufacturers hold a share about 50%. United States is the largest market, with a share about 35%, followed by Europe, with a share about 30 percent. In terms of product, YBCO Cables is the largest segment, with a share about 70%. And in terms of application, the largest application is Grid and Smart Grid, followed by Industrial Applications, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Superconducting Cables market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
YBCO Cables
Bi-2212 Cables
Bi2223 Cables
Others
Segmentation by application
Grid and Smart Grid
Industrial Applications
Others
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
AMSC
MetOx
Furukawa Electric
STI
Bruker
Fujikura
SEI
SuNam
SHSC
Innost
Key Questions Addressed in this Report
What is the 10-year outlook for the global Superconducting Cables market?
What factors are driving Superconducting Cables market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Superconducting Cables market opportunities vary by end market size?
How does Superconducting 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.