South & Central America Superconductor Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Low-Temperature Superconductors and High-Temperature Superconductors) and Application (Medical, Electronics, Defense & Military, and Others)

South & Central America Superconductor Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Low-Temperature Superconductors and High-Temperature Superconductors) and Application (Medical, Electronics, Defense & Military, and Others)

The superconductor market in South & Central America is expected to grow from US$ 160.03 million in 2022 to US$194.87 million by 2028. It is estimated to grow at a CAGR of 3.3% from 2022 to 2028.
Superconductors are materials with zero electrical resistance, commonly requiring extremely low temperatures. They are applied in various domains, from medical applications to a central role in quantum computers. Superconductivity is caused by especially linked pairs of electrons known as cooper pairs. So far, the occurrence of Cooper pairs has been measured indirectly macroscopically in bulk, but a new technique developed by researchers can detect their occurrence with atomic precision. They studied the electrical current flowing between an atomically sharp metallic tip and a superconductor and how the current changed depending on how far apart the tip and superconductor were from one another. They could do so while preserving imaging resolution on par with that of individual atoms, enabling them to measure the quantity of Andreev's reflection returning to the superconductor.
Further, this strategy creates a crucial new methodology for comprehending the internal quantum structure of unusual superconductors, also known as unconventional superconductors. It may enable us to address several important issues in quantum materials. The development of superconductivity at room temperature may be made possible by unconventional superconductors, which are also a potential fundamental building block for quantum computers. In unusual superconductors, cooper pairs feature unique internal structures that have proven challenging to comprehend. As a result, the new quantum material is likely to create new opportunities for the superconductors market over the forecast period.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South & Central America superconductor market at a substantial CAGR during the forecast period.
South & Central America Superconductor Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Superconductor Market Segmentation
The South & Central America superconductor market is segmented on the basis of type, application, and country. Based on type, the market is segmented into low-temperature superconductors and high-temperature superconductors. In 2022, the low-temperature superconductors segment held a larger market share. On the other hand, the high temperature superconductors are expected to register a higher CAGR during the forecast period.
Based on application, the market is segmented into medical, electronics, defense and military, and others. The medical segment held the largest market share in 2022 and is also expected to register the highest CAGR in the market during the forecast period.
Based on country, the market is segmented into Brazil, Argentina, and the Rest of SAM. In 2022, Brazil held a larger market share. On the other side, and it is also expected to register a higher CAGR during the forecast period.
American Superconductor; Bruker; FURUKAWA ELECTRIC CO., LTD.; Hitachi, Ltd.; Sumitomo Electric Industries, Ltd.; FUJI ELECTRIC CO., LTD.; Toshiba Corporation; and Cryomagnetics are the leading companies in the South & Central America superconductor market.

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