Superconducting Magnet Market Report: Trends, Forecast and Competitive Analysis to 2030

Superconducting Magnet Market Report: Trends, Forecast and Competitive Analysis to 2030

Superconducting Magnet Trends and Forecast

the future of the global superconducting magnet market looks promising with opportunities in the medical devices & equipment, mass spectrometer, and transportation markets. The global superconducting magnet market is expected to reach an estimated $4 billion by 2030 with a CAGR of 3.2% from 2024 to 2030. The major drivers for this market are rapidly expanding electronic sector, rising need for superconducting materials in the manufacture of medical equipment, and advancements in magnet design and materials allow for generating stronger magnetic fields, critical for applications like particle accelerators and MRI machines.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Superconducting Magnet by Segment

The study includes a forecast for the global superconducting magnet by material, application, and region.

Superconducting Magnet Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Low-Temperature Superconducting Material
• High-Temperature Superconducting Material

Superconducting Magnet Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Medical Devices & Equipments
• Mass Spectrometers
• Transportation
• Others

Superconducting Magnet Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Superconducting Magnet Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies superconducting magnet companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the superconducting magnet companies profiled in this report include-

• Agilent Technologies
• Bruker
• Fujikura
• American Magnetics
• ASG Superconductors
• Cryomagnetics
• Elytt Energy
• Cryogenic
• Advanced Magnet
• Bilfinger

Superconducting Magnet Market Insights

Lucintel forecasts that low-temperature superconducting material will remain the larger segment over the forecast period.

Within this market, medical devices & equipment will remain the largest segment due to widespread use in magnetic resonance imaging machines.

APAC will remain the largest region due to increased infrastructure spending and rapid economic expansion, especially in China and India.

Features of the Global Superconducting Magnet Market

Market Size Estimates: Superconducting magnet market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Superconducting magnet market size by material, application, and region in terms of value ($B).

Regional Analysis: Superconducting magnet market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different materials, applications, and regions for the superconducting magnet market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the superconducting magnet market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the superconducting magnet market size?

Answer: The global superconducting magnet market is expected to reach an estimated $4 billion by 2030.

Q2. What is the growth forecast for superconducting magnet market?

Answer: The global superconducting magnet market is expected to grow with a CAGR of 3.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the superconducting magnet market?

Answer: The major drivers for this market are rapidly expanding electronic sector, rising need for superconducting materials in the manufacture of medical equipment, and advancements in magnet design and materials allow for generating stronger magnetic fields, critical for applications like particle accelerators and MRI machines.

Q4. What are the major segments for superconducting magnet market?

Answer: The future of the superconducting magnet market looks promising with opportunities in the medical devices & equipment, mass spectrometer, and transportation markets.

Q5. Who are the key superconducting magnet market companies?

Answer: Some of the key superconducting magnet companies are as follows:

• Agilent Technologies
• Bruker
• Fujikura
• American Magnetics
• ASG Superconductors
• Cryomagnetics
• Elytt Energy
• Cryogenic
• Advanced Magnet
• Bilfinger

Q6. Which superconducting magnet market segment will be the largest in future?

Answer: Lucintel forecasts that low-temperature superconducting material will remain the larger segment over the forecast period.

Q7. In superconducting magnet market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region due to increased infrastructure spending and rapid economic expansion, especially in China and India.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the superconducting magnet market by material (low-temperature superconducting material and high-temperature superconducting material), application (medical devices & equipments, mass spectrometers, transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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