Superconducting
Wire Market Overview
The global Superconducting Wire Market is estimated to
expand at 9.80% CAGR during the forecast period. 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.
Industry
Highlights
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
The Superconducting Wire Market has been segmented
based on type into high temperature superconductors and low & medium
temperature superconductors. Among these types, 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. High temperature superconducting wires
are further bifurcated into first and second generation HTS wires. Majority for
superconducting wire manufacturers are moving towards new second generation HTS
materials utilizing rare earth, barium-copper-oxide (ReBCO) compounds. Second
generation HTS materials are considered as superior superconductor by offering
better performance in a magnetic field and improved mechanical properties - all
at lower cost.
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Complete Report at: https://www.marketresearchfuture.com/reports/superconducting-wire-market-7307
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 the 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
Scope
of the Report
This research report provides insights into various
levels of analysis, such as industry analysis and market share analysis for the
leading industry competitors, along with their profiles. It also helps in
studying the target segments by providing views on the emerging &
high-growth segments. The market data comprises the basic assessment of the
competitive scenarios and strategies in the global Superconducting Wire Market,
including high-growth regions and/or countries, and political and economic
environments. The project report further provides both – historical market
values and pricing & cost analysis
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