Superconducting Wire Market by Type (High Temperature Superconductors (First Generation and Second Generation), Low and Medium Temperature Superconductors), Application (Energy, Medical, Industry, Research), and Region - Global Forecast to 2021

The global superconducting wire market was valued at USD 638.1 Million in 2016, and is expected to grow at a CAGR of 9.6% from 2016 to 2021. The growing demand for superconductor based MRI systems, advancement in computer chip design technology, and synergies of high voltage transmission application and high efficiencies are the major factors driving the superconducting wire market.

The years considered for the study are as follows:

• Base Year: 2015
• Estimated Year: 2016
• Projected Year: 2021
• Forecast Period: 2016–2021

2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

• To define, describe, and forecast the global superconducting wire market by type, application, and region
• To provide detailed information regarding the major factors influencing the growth of the superconducting wire market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the superconducting wire market with respect to individual growth trends, future prospects, and contribution of each segment to the market
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the superconducting wire market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global superconducting wire market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

• Study of annual revenue and market developments of major players providing superconducting wire
• Analysis of major applications and demand for superconducting wire from end-users
• Assessment of future trends and growth of end-users
• Assessment of the superconducting wire market with respect to the type of superconducting wire used for different applications
• Analysis of market trends in various regions/countries by studying the application of superconducting devices in the energy, medical, research and industrial applications.
• Study of contracts & developments related to superconducting wire by key players across different regions
• Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing superconducting wire across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The ecosystem of the global superconducting wire market starts with the mining of ores containing elements used for creating superconducting material. The raw materials are formulated to form alloys that can attain superconducting properties. The alloys are produced in the form of wires and films and have to undergo various tests to analyze the consistency of its superconducting properties. The manufactured wires are then supplied to the OEM for the manufacturing of superconducting devices and equipment, which are then again tested. This stage is followed by the distribution stage, following which, the product is provided to the end-users.

Target Audience:

The target audience of this report includes:

• Government and Industry Associations
• Superconducting Devices Manufacturing Companies
• Investment and Consulting Firms
• Process and Manufacturing Plants
• State and National Regulatory Authorities
• State or Government-Owned Corporations

Scope of the Report:

• By  Type
  • Low and Medium Temperature Superconductors
  • High Temperature Superconductors
    • First Generation HT Superconductors
    • Second Generation HT Superconductors
• By Application
  • Energy
  • Medical
  • Research
  • Industry
  • Others
• By Region
  • Europe
  • North America
  • Asia-Pacific

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region/country-specific analysis

Company Information

Analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Country-Wise Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Assumptions & Limitations
           2.4.1 Assumptions

3 Executive Summary (Page No. - 24)
    3.1 Introduction
    3.2 Current Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 Premium Insights (Page No. - 29)
    4.1 Superconducting Wire: Regional Growth Rate (2016-2021)
    4.2 Superconducting Wire Market, By End-User
    4.3 Europe Superconducting Wire Market

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Recent Discoveries in High-Temperature Superconductors
    5.3 Superconducting Wire: Market Segmentation
           5.3.1 By Application
           5.3.2 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Synergies of H.V. Transmission Application and High Efficiencies
                    5.4.1.2 Growing Demand for Superconductor Based Mri System
                    5.4.1.3 Advancement in Computer Chip Designing Technology Leading to Higher Demand for Superconductors
           5.4.2 Restraints
                    5.4.2.1 High Operating Expenses at Low Voltage (Power Distribution)
                    5.4.2.2 Lack of Acceptance With Respect to Reliability
           5.4.3 Opportunities
                    5.4.3.1 High Growth Opportunities in Transportation, Medical, Industrial Processing, Research, and Electronics & Communication
           5.4.4 Challenges
                    5.4.4.1 High Manufacturing Cost for Superconductors
                    5.4.4.2 Lack of Standard Testing Facility
                    5.4.4.3 Superconductor: Demand Supply Mismatch
    5.5 Supply Chain
           5.5.1 Raw Material Suppliers
           5.5.2 Superconductor Manufacturers
           5.5.3 Original Equipment Manufacturers
           5.5.4 End-Use Application

6 Superconducting Wire Market, By Type (Page No. - 45)
    6.1 Introduction
    6.2 LT Superconductor & MT Superconductor
    6.3 HT Superconductor
           6.3.1 First Generation HT Superconducting Wire Market
           6.3.2 Second Generation HT Superconducting Wire Market

7 Superconducting Wire Market, By Application (Page No. - 52)
    7.1 Introduction
    7.2 Energy
    7.3 Medical
    7.4 Research
    7.5 Industry
    7.6 Others

8 Superconducting Wire Market, By Region (Page No. - 61)
    8.1 Introduction
    8.2 Europe
           8.2.1 By Type
           8.2.2 By Application
           8.2.3 By Country
                    8.2.3.1 Germany
                    8.2.3.2 U.K.
                    8.2.3.3 Russia
                    8.2.3.4 France
                    8.2.3.5 Switzerland
                    8.2.3.6 Rest of Europe
    8.3 North America
           8.3.1 By Type
           8.3.2 By Application
           8.3.3 By Country
                    8.3.3.1 U.S.
                    8.3.3.2 Canada
    8.4 Asia-Pacific
           8.4.1 By Type
           8.4.2 By Application
           8.4.3 By Country
                    8.4.3.1 China
                    8.4.3.2 Australia
                    8.4.3.3 Japan
                    8.4.3.4 New Zealand
                    8.4.3.5 South Korea

9 Competitive Landscape (Page No. - 86)
    9.1 Overview
    9.2 Competitive Situation & Trends
    9.3 Contracts & Agreements
    9.4 Expansions
    9.5 New Product & Technology Launch
    9.6 Mergers & Acquisitions
    9.7 Other Developments

10 Company Profiles (Page No. - 93)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     10.1 Introduction
     10.2 American Superconductor Corporation
     10.3 Bruker Corporation
     10.4 Fujikura Ltd.
     10.5 Furukawa Electric Co., Ltd.
     10.6 Superconductor Technologies Inc.
     10.7 Japan Superconductor Technology, Inc.
     10.8 Sumitomo Electric Industries, Ltd.
     10.9 Supercon Inc.
     10.10 Superox
     10.11 Theva Dünnschichttechnik GmbH

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 118)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports

List of Tables (68 Tables)

Table 1 Recent Discoveries in High-Temperature Superconductors
Table 2 Table: Cost Comparison Between Conventional Transmission System and Superconductor Cable
Table 3 Table: Advantages of Superconductors Over Conventional Wires
Table 4 Superconducting Wire Market Size, By Type, 2014–2021 (USD Million)
Table 5 LT & MT Superconductors : By Market Size, By Region, 2014–2021 (USD Million)
Table 6 LT & MT Superconductors : By Market Size, By Application, 2014–2021 (USD Million)
Table 7 HT Superconductors: By Market Size, By Region, 2014–2021 (USD Million)
Table 8 HT Superconductors: By Market Size, By Type, 2014–2021 (USD Million)
Table 9 HT Superconductors: By Market Size, By Application, 2014–2021 (USD Million)
Table 10 HT Superconductors : By Market Size, By Equipment, 2014–2021 (USD Million)
Table 11 First Generation: HT By Market Size, By Region, 2014–2021 (USD Million)
Table 12 Second Generation : HT By Market Size, By Region, 2014–2021 (USD Million)
Table 13 Superconducting Wire Market Size, By Application, 2014–2021 (USD Million)
Table 14 Energy: By Market Size, By Region, 2014–2021 (USD Million)
Table 15 Energy: By Market Size, By Type, 2014–2021 (USD Million)
Table 16 Medical: By Market Size, By Region, 2014–2021 (USD Million)
Table 17 Medical: By Market Size, By Type, 2014–2021 (USD Million)
Table 18 Research: By Market Size, By Region, 2014–2021 (USD Million)
Table 19 Research: By Market Size, By Type, 2014–2021 (USD Million)
Table 20 Industry: By Market Size, By Region, 2014–2021 (USD Million)
Table 21 Industry: By Market Size, By Type, 2014–2021 (USD Million)
Table 22 Others: By Market Size, By Region, 2014–2021 (USD Million)
Table 23 Others: By Market Size, By Type, 2014–2021 (USD Million)
Table 24 Superconducting Wire Market Size, By Region, 2014–2021 (USD Million)
Table 25 Europe: By Market Size, By Type, 2014–2021 (USD Million)
Table 26 Europe: HT By Market Size, By Type, 2014–2021 (USD Million)
Table 27 Europe: By Market Size, By Application, 2014–2021 (USD Million)
Table 28 Europe: By Market Size, By Country, 2014–2021 (USD Million)
Table 29 Germany: By Market Size, By Type, 2014–2021 (USD Million)
Table 30 Germany: By Market Size, By Application, 2014–2021 (USD Million)
Table 31 U.K.: By Market Size, By Type, 2014–2021 (USD Million)
Table 32 U.K.: By Market Size, By Application, 2014–2021 (USD Million)
Table 33 Russia: By Market Size, By Type, 2014–2021 (USD Million)
Table 34 Russia: By Market Size, By Application 2014–2021 (USD Million)
Table 35 France: By Market Size, By Type, 2014–2021 (USD Million)
Table 36 France: By Market Size, By Application, 2014–2021 (USD Million)
Table 37 Switzerland: By Market Size, By Type, 2014–2021 (USD Million)
Table 38 Switzerland: By Market Size, By Application, 2014–2021 (USD Million)
Table 39 Rest of Europe: By Market Size, By Type, 2014–2021 (USD Million)
Table 40 Rest of Europe: By Market Size, By Application, 2014–2021 (USD Million)
Table 41 North America: By Market Size, By Type, 2014–2021 (USD Million)
Table 42 North America: HT By Market Size, By Type, 2014–2021 (USD Million)
Table 43 North America: By Market Size, By Application, 2014–2021 (USD Million)
Table 44 North America: By Market Size, By Country, 2014–2021 (USD Million)
Table 45 U.S.: By Market Size, By Type, 2014–2021 (USD Million)
Table 46 U.S.: By Market Size, By Application, 2014–2021 (USD Million)
Table 47 Canada: By Market Size, By Type, 2014–2021 (USD Million)
Table 48 Canada: By Market Size, By Application, 2014–2021 (USD Million)
Table 49 Asia-Pacific: By Market Size, By Type, 2014–2021 (USD Million)
Table 50 Asia-Pacific: HT By Market Size, By Type, 2014–2021 (USD)
Table 51 Asia-Pacific: By Market Size, By Application, 2014–2021 (USD Million)
Table 52 Asia-Pacific: By Market Size, By Country, 2014–2021 (USD Million)
Table 53 China: By Market Size, By Type, 2014–2021 (USD Million)
Table 54 China: By Market Size, By Application, 2014–2021, (USD Million)
Table 55 Australia: By Market Size, By Type, 2014–2021 (USD Million)
Table 56 Australia: By Market Size, By Application, 2014–2021 (USD Million)
Table 57 Japan: By Market Size, By Type, 2014–2021 (USD Million)
Table 58 Japan: By Market Size, By Application, 2014–2021 (USD Million)
Table 59 New Zealand: By Market Size, By Type, 2014–2021 (USD Million)
Table 60 New Zealand: By Market Size, By Application, 2014–2021 (USD Million)
Table 61 South Korea: By Market Size, By Type, 2014–2021 (USD Million)
Table 62 South Korea: By Market Size, By Application, 2014–2021 (USD Million)
Table 63 Top 5 Countries in Global Superconducting Wire Market 2014–2021 (USD Million)
Table 64 Contracts & Agreements, 2015–2016
Table 65 Expansions, 2015
Table 66 New Product Developments, 2015–2016
Table 67 Mergers & Acquisitions, 2016
Table 68 Other Developments, 2016

List of Figures (40 Figures)

Figure 1 Superconducting Wire: Market Segmentation
Figure 2 Superconducting Wire Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Data Triangulation Methodology
Figure 5 Assumptions of the Research Study
Figure 6 Europe Dominated the Superconducting Wire Market in 2015
Figure 7 Superconducting Wire Market Share, By Type (2015)
Figure 8 The Research Segment Led the Superconducting Wire Market, By Application, in 2015
Figure 9 Superconducting Wire Market, By Application, 2016 & 2021
Figure 10 Attractive Market Opportunities in the Superconducting Wire Market, 2016–2021
Figure 11 The Market in North America is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Energy Segment is Expected to Dominate the Superconducting Wire Market By 2021
Figure 13 Europe Accounted for the Largest Share in the Superconducting Wire Market in 2015
Figure 14 Superconducting Wire Market Segmentation By Type, Application, & Region
Figure 15 Superconducting Wire Market: By Application
Figure 16 Superconducting Wire Market :By Region
Figure 17 Synergies of High Voltage Transmission Application and High Efficiencies is Expected to Drive the Superconducting Wire Market During the Forecast Period
Figure 18 Year on Year Growth of Mri Systems Market, 2012–2016 (%)
Figure 19 HT Superconductor Segment is Expected to Dominate the Superconducting Wire Market By 2021
Figure 20 Energy Segment is Expected to Dominate the Superconducting Wire Market By 2021
Figure 21 Regional Snapshot (2015): Growing Markets Emerging as New Hot Spots
Figure 22 North America to Drive the Superconducting Wire Market Size, By Region, 2016 & 2021 (USD Million)
Figure 23 An Overview of the European Superconducting Wire Market
Figure 24 An Overview of the Superconducting Wire Market in North America
Figure 25 Companies Adopted Contracts and Agreements as the Key Growth Strategy, 2013–2016
Figure 26 Top 5 Companies in Superconducting Wire Market, By Revenue, 2015
Figure 27 Market Evaluation Framework
Figure 28 Battle for Market Share: Contracts and Agreements Was the Key Strategy, 2013–2016
Figure 29 Regional Revenue Mix of the Top Market Players
Figure 30 American Superconductor Corporation: Company Snapshot
Figure 31 American Superconductor Corporation: SWOT Analysis
Figure 32 Bruker Corporation: Company Snapshot
Figure 33 Bruker Corporation: SWOT Analysis
Figure 34 Fujikura Ltd.: Company Snapshot
Figure 35 Fujikura Ltd.: SWOT Analysis
Figure 36 Furukawa Electric Co., Ltd.: Company Snapshot
Figure 37 Furukawa Electric Co., Ltd.: SWOT Analysis
Figure 38 Superconductor Technologies Inc.: Company Snapshot
Figure 39 Superconductor Technologies Inc.: SWOT Analysis
Figure 40 Sumitomo Electric Industries, Ltd.: Company Snapshot

The global superconducting wire market is projected to grow at a CAGR of 9.6% from 2016 to 2021, to reach a market size of USD 1,008.2 Million by 2021. Growing demand for superconductor based MRI system and synergies of H.V. transmission application and high efficiencies are the major drivers of the superconducting wire market.

The report segments the superconducting wire market by type into HT superconductors and LT & MT superconductors. The HT superconductor segment is projected to dominate the superconducting wire market. This is because HT superconductors require cheaper cryogenic systems for cooling the wire to attain superconductivity.

The report segments the superconducting wire market by application into energy, medical, research, industry, and others. The energy application segment is expected to grow at the fastest rate during the forecast period. Development of smart cities and strict energy-efficiency standards will likely to drive the overall energy segment, which is expected to create new revenue pockets for the superconducting wire market during the forecast period.

In this report, the superconducting wire market has been analyzed with respect to three regions, namely, North America, Europe, and Asia-Pacific. Europe is expected to dominate the global superconducting wire market during the forecast period, owing to the growing demand for cost effective and energy efficient electrical devices.

The North America market is projected to grow at the highest CAGR from 2016 to 2021. The region has been very active in the field of superconductivity since the beginning and is continuously making improvements in this technology to make it more feasible for the practical use. There are several research projects based on superconductors underway, in universities such as University of Houston, and Massachusetts Institute of Technology in the U.S. which have made several breakthroughs in superconductor technologies for medical, energy, and industrial applications. High investments are being made in the region to commercialize superconductors and to exploit its advantages to the fullest.

High capital cost of superconducting devices due to costly cryogenic systems could be a restraint of the superconducting wire market, leading to declining profits. In addition, lack of acceptance with respect to reliability of superconducting devices has hindered the growth of the superconducting wire market.

Leading players in the superconducting wire market include American Superconductor Corporation (U.S.), Bruker Corporation (U.S.), Furukawa Electric Co., Ltd. (Japan), Fujikura Ltd. (Japan), and Superconductor Technologies Inc. (U.S.). Contracts & agreements was the strategy most commonly adopted by the top players, constituting 60% of the total developments from 2013 to 2016. It was followed by new product & technology launches, expansions, and mergers & acquisitions.

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