Fujikura Ltd. (Japan), Furukawa Electric Co., Ltd. (Japan) and Bruker (US) are leading players in Superconducting Wire Market
The global superconducting wire market is projected to reach USD 1.7 billion by 2028 from an estimated USD 1.1 billion in 2023, at a CAGR of 9.2% during the forecast period. Factors such as increased research and development (R&D) in medical and transportation sectors, and increasing research investments for superconducting wires are driving the growth of the superconducting wires market.
The superconducting wires market is served by a mix of large international players with operational presence across the globe and local players commanding a strong supply network in the domestic market. The leading players in the global superconducting wires market include Sumitomo Electric Industries, Ltd. (Japan), Fujikura Ltd. (Japan), Furukawa Electric Co., Ltd. (Japan), Bruker (US), and American Superconductor (US). Strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions are followed by these companies to increase their market share.
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Bruker Corporation (Bruker) is engaged in the designing and manufacturing of high-performance scientific instruments and analytical and diagnostic solutions. Its core technology platforms include magnetic resonance technologies, mass spectrometry technologies, mass spectrometry technologies, X-ray technologies, surface plasmon resonance, preclinical imaging solutions, etc.
The business is divided into three divisions: BSI Life Science, BSI Nano, and BEST. Its BEST (Bruker Energy and Supercon Technologies) business segment produces superconducting wires. BEST develops, manufactures, and sells superconducting materials, primarily metallic low-temperature superconductors, for use in magnetic resonance imaging, nuclear magnetic resonance, fusion energy research, and other applications.It develops and manufactures tools based primarily on metallic low-temperature superconductors that have applications in radio frequency accelerator cavities and modules, power couplers and linear accelerators, and non-superconducting high technology tools, such as synchrotron and beamline instrumentation for materials research projects.
Bruker has direct sales forces throughout North America, Europe, Russia, China, Japan, and the Asia Pacific. It also utilizes international distributors and independent sales representatives in parts of Asia, Latin America, Africa, the Middle East, and Eastern Europe.
Furukawa Electric Co., Ltd. is a manufacturer of power cables, wires, optical fibers and components, wire harnesses, electronic part materials, etc. The company is engaged in offering plastic, metal, and photonics compounds primarily for the telecommunications, energy, electronics, automobiles, and construction industries. The company operates mainly through six business segments: Electronics Component Materials, Automotive Products and Batteries, Communication Solutions, Functional Products, Energy Infrastructure, and Services and Development, etc. Superconductors are offered under the Services and Development, etc. segment, which accounted for 3.6% of the company’s total revenue in 2021. This segment, apart from superconducting cables, offers industrial laser, detection solutions for internal medical devices, flow cytometers, fluorescent silica nanoparticles, and maintenance/inspection support solutions for roadside equipment.
The company has 109 consolidated subsidiaries and 14 equity-method affiliates as of March 31, 2022. It has a global presence in North America, Asia Pacific, Europe, and South America. The company acquired SuperPower Inc. (US) in 2012 to enhance its development as well as to help accelerate the commercialization of high-temperature superconductor (HTS) technology for applications requiring high energy density and high magnetic fields, such as medical, transportation, and research.
Fujikura Ltd. is a manufacturer of electric wires, cables, and other components for the electronic materials & components, information technology, communications, electronics, and automotive industries. It operates through five business segments: Power & Telecommunication Systems, Automotive Products, Electronics Business, Real Estate Business, and Others. Superconductors are offered under the new business development of the Others segment, which accounted for ~1% of the company’s total revenue in 2021.
The various products offered by the Others segment include superconductors, medical devices, and mmWave, a wireless communication module. Fujikura Ltd. offers the Yttrium-based 2G HTS wire with varying widths from 4 to 12 mm. The wire’s high performance, long piece length, high critical current, and uniformity have led to its high adoption in the energy, medical, and research sectors.
The company has a global presence in North America, Europe, Asia Pacific, South America, and the Middle East & Africa, through 98 consolidated companies. Besides Japan, it has several other manufacturing locations in China, South Korea, Malaysia, Vietnam, Thailand, Indonesia, India, the US, Mexico, Paraguay, Brazil, Germany, Spain, the Czech Republic, Romania, Morocco, Ukraine, and Moldova.
Related Reports:
Superconducting Wire Market by Type (Low-temperature Superconductor, Medium-temperature Superconductor, High-temperature Superconductor), End User (Energy, Medical, Transportation, Research), Sales Channel and Region - Global Forecast to 2028
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