Superconducting wire is composed of
superconductors such as niobium-titanium. It displays zero electrical
resistance when cooled below its transition temperature. Currently, high
temperature superconductors such as yttrium barium copper oxide (YBCO) tend to
offer greater advantages over copper and aluminum such as higher maximum
current densities and zero power dissipation. Superconducting wires are also
used in transformers, in power storage devices, smart grid as well as in
electric motors. Superconducting wires are of two types, high-temperature
superconducting wires and low-temperature superconducting wires, based on
temperature at which the conductor needs to be cooled to make it a
superconductor.
Key Players
The key players of global superconducting
wire market are American Superconductor Corporation, Fujikura Ltd., Furukawa
Electric Co., Ltd., Superconductor Technologies Inc., Bruker Corporation,
Eaton, Sumitomo Electric Industries, Superox, Theva Dunnschichttechnik GmbH,
Japan Superconductor, Phoenix Contact, and Fuji Electric, among others
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Growing demand for superconductor-based
MRI system and advancement in computer chip designing technology leading to
higher demand for superconductors are the major drivers for the growth of the
global superconducting wire market. Moreover, these superconducting power
transmission cables are compact and can transmit a large amount of electric
power. Superconducting wires can be used for various applications including
high field magnet applications and nuclear magnetic resonance (NMR) &
magnetic resonance imaging (MRI) magnets. Also, computer chip designing
technology of which superconducting wire is an integral part is also witnessing
some major technological advancement.
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The global Superconducting Wire market is
projected to grow at a high rate during the forecast period, due to various
activities going on in the field of superconductivity. There are several
research projects based on superconductors, which are underway, in the
universities such as University of Houston, and Massachusetts Institute of
Technology in the US which have made several breakthroughs in superconductor
technologies for medical, energy, and industrial applications.
Industry
Segmentation
Global Superconducting Wire market has
been segmented based on connectivity, type, application, and region. Based on
type, the market is classified into high temperature superconductors and low
& medium temperature superconductors. High temperature superconducting wire
segment is expected to dominate the superconducting wire market owing to
increased use of these types of wires in medical, industrial processing,
research, and electronics.
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