Top Superconducting Wire Companies

The global superconducting wire market is projected to grow from USD 1.32 billion in 2025 to USD 2.19 billion by 2030, at a compound annual growth rate (CAGR) of 10.6%. This growth is further sustained by ongoing advancements in research and development, particularly in the implementation of medical imaging technologies (MRI/NMR), intelligent grid systems, and fusion energy programs. Additionally, progress in advanced transportation methods, such as magnetic levitation (maglev) and electric-powered flight, continues to contribute to market expansion. Low-temperature superconductors, especially niobium-titanium and niobium-tin, remain widely used due to their stability in high-field applications, including particle accelerators and medical research systems.

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

The market consists of both multinational corporations and regional specialists, including prominent players such as Sumitomo Electric, Fujikura, Furukawa Electric (through its subsidiary SuperPower), Bruker, and American Superconductor Corporation (AMSC). These companies actively compete by employing a range of strategic initiatives, including product innovation, joint ventures, public sector contracts, strategic alliances, and expansion of production capacities to strengthen their market share.

For instance, Sumitomo Electric recently established an innovative joint venture with a major renewable energy company to transform next-generation superconductor technology with grid applications in January 2024. This strategic partnership will help improve the grid's efficiency and reliability in the key markets using Sumitomo's knowledge of high-performance materials and the industry-leading renewable energy solutions of the partner. Likewise, Furukawa Electric in March 2024 awarded a deal with the public sector client, the U.S. Department of Energy, to provide the superconducting wires as a corporate conglomerate subsidiary, SuperPower Inc., to its pilot grid modernization project. This contract helps advance the national targets in energy resilience and illustrates SuperPower's successful history in providing high-performance HTS solutions, which secures further placement in North America.

Bruker Corporation (Bruker) is a global leader in designing and manufacturing high-performance scientific instruments and advanced diagnostic and analytical solutions. Its fundamental science platforms include magnetic resonance (MRI and NMR), mass spectrometry, X-ray systems, surface plasmon resonance, and preclinical imaging technologies. Its BEST division is devoted to conducting research, developing, manufacturing, and commercializing superconducting materials, especially metallic low-temperature superconductors (LTS). They find application in many devices and systems, such as magnetic resonance imaging (MRI), nuclear magnetic resonance (NMR), particle accelerators, fusion energy research, and high-field magnet systems. BEST manufactures superconducting RF accelerator cavities, linear accelerators, power couplers, and non-superconducting precision instruments for materials science applications, including synchrotrons and beamline equipment. Bruker maintains a well-established global sales and distribution network, with direct sales operations across North America, Europe, China, Japan, and the broader Asia Pacific region. To effectively serve emerging markets in Latin America, Eastern Europe, the Middle East, Africa, and Asia, the company leverages a broad network of authorized distributors and intermediary sales representatives. This extensive reach enables Bruker to support a diverse client base spanning academia, healthcare, life sciences, energy, and advanced industrial sciences.

Furukawa Electric Co., Ltd. is an international manufacturer of power cables, wires, optical fibers, components, electronic materials, and wire harnesses, serving various sectors, such as telecommunications, energy, automotive, electronics, and construction. Furukawa Electric has a strong global presence, supported by 109 consolidated subsidiaries and 14 equity-method affiliates, operating across diverse regions, including North America, Asia Pacific, Europe, and South America. These entities encompass various business operations, reinforcing the company’s international footprint and market reach.

Fujikura Ltd. is a conglomerate company that produces electric wires, fiber-optic cables, and high-end electronic components for information technology, automotive, communications, electronics, and infrastructure companies. The company operates through five core business segments: Power & Telecommunication Systems, Automotive Products, Electronics Business, Real Estate, and Others. Superconducting technologies are categorized under the “Others” segment. This division encompasses a diverse product portfolio, including superconductors and medical and millimeter-wave (mmWave) wireless communication modules. Fujikura is a recognized provider of yttrium-based second-generation (2G) high-temperature superconducting (HTS) wires, typically ranging from 4 to 12 mm in width. These wires are characterized by high critical current capacity, extended continuous lengths, and superior uniformity, making them well-suited for energy systems, magnetic resonance imaging (MRI) systems, particle accelerators, and scientific instrumentation solutions. The company maintains a robust global footprint, with 98 consolidated entities and a widespread manufacturing presence across Japan, China, South Korea, Malaysia, Vietnam, Thailand, Indonesia, India, the United States, Mexico, Paraguay, Brazil, Germany, Spain, the Czech Republic, Romania, Morocco, Ukraine, and Moldova. This extensive operational network ensures a resilient supply chain and broad market accessibility, including coverage in the Middle East and Africa.

Market Ranking

Based on market presence, technological expertise, and innovation in high-performance applications, Furukawa Electric, Bruker Corporation, Sumitomo Electric, American Superconductor (AMSC), and Fujikura Ltd. are recognized as the top five companies leading the global superconducting wire market. With its acquisition of SuperPower Inc., Furukawa Electric is advancing the commercialization of high-temperature superconducting (HTS) solutions for medical imaging, fusion energy, and next-gen transportation systems. Bruker is the world’s largest producer of low-temperature superconductors through its BEST division, supporting critical technologies in MRI, nuclear research, and high-field NMR systems. Sumitomo Electric is at the forefront of HTS wire production with its DI-BSCCO and ZEROTM series, which are widely adopted in smart grid and power transmission projects. American Superconductor (AMSC) focuses on integrating HTS wire into grid stabilization, naval propulsion, and renewable energy systems, driving energy efficiency and system resilience. Fujikura Ltd. delivers advanced 2G HTS wire with high critical current and uniformity, targeting applications in energy, medical diagnostics, and scientific research. These companies are instrumental in enabling next-generation power infrastructure, fusion research, and clean energy innovation through their superconducting wire technologies.

Related Reports:

Superconducting Wire Market by Type (Low-temperature Superconductor, Medium-temperature Superconductor, High-temperature Superconductor), Application (Magnetic Resonance Imaging, Power Grid Infrastructure, Superconducting Fault Current Limiter, Maglev), End User (Energy, Medical, Transportation, Research, and Others), Sales Channel, and Region - Global Forecast to 2030

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103,
Delray Beach, FL 33445
USA : 1-888-600-6441
sales@marketsandmarkets.com