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.
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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.
Segmental Analysis
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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Regional Outlook
Region
wise, Europe held the largest market share of the global superconducting wire
market in 2017. It is estimated that Asia-Pacific region would be the fastest
growing market during the forecast period, mainly due to the rising investment
in automation and advancement in computer chip designing technology. Moreover,
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.
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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