Global Superconducting Magnets Market Growth 2023-2029

Global Superconducting Magnets Market Growth 2023-2029

A superconducting magnet is an electromagnet made from coils of superconducting wire. They must be cooled to cryogenic temperatures during operation. In its superconducting state the wire has no electrical resistance and therefore can conduct much larger electric currents than ordinary wire, creating intense magnetic fields. Superconducting magnets can produce greater magnetic fields than all but the strongest non-superconducting electromagnets and can be cheaper to operate because no energy is dissipated as heat in the windings. They are used in MRI machines in hospitals, and in scientific equipment such as NMR spectrometers, mass spectrometers, fusion reactors and particle accelerators.

LPI (LP Information)' newest research report, the “Superconducting Magnets Industry Forecast” looks at past sales and reviews total world Superconducting Magnets sales in 2022, providing a comprehensive analysis by region and market sector of projected Superconducting Magnets sales for 2023 through 2029. With Superconducting Magnets sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Superconducting Magnets industry.

This Insight Report provides a comprehensive analysis of the global Superconducting Magnets 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 Magnets portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Superconducting Magnets market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Superconducting Magnets 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 Magnets.

The global Superconducting Magnets market size is projected to grow from US$ 3113.6 million in 2022 to US$ 3620.6 million in 2029; it is expected to grow at a CAGR of 3620.6 from 2023 to 2029.

The global market for superconducting magnets is predicted to witness a progressive growth in the next few years. The growing demand from the medical devices market is one of the key factors that are likely to encourage the growth of the market in the next few years. In addition, the rising number of applications in the healthcare sector, such as magnetic resonance imaging is expected to generate promising opportunities for market players operating in the global superconducting magnets market in the near future.

This report presents a comprehensive overview, market shares, and growth opportunities of Superconducting Magnets market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Medical Devices & Equipment
Mass Spectrometers
Particle Accelerators
Separation Process and Nuclear Magnetic

Segmentation by application
Oil Industry
Gas Industry
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.
Columbus Superconductors
Agilent Technologies
American Magnetics
Bruker
Oxford Instruments

Key Questions Addressed in this Report

What is the 10-year outlook for the global Superconducting Magnets market?

What factors are driving Superconducting Magnets market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Superconducting Magnets market opportunities vary by end market size?

How does Superconducting Magnets 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.