Superconducting Wire Market Scenario:
The global Superconducting Wire market is projected to grow at a high rate during the forecast period as many projects related to superconducting wires are going across globe. For instance, The South Korean Electric company has ordered over 3000km of wire from American superconductor and has used it to build a 10km line running into the suburbs of Seoul. There is great potential in the emerging superconductor for various practical applications areas such as magnetic resonance imaging (MRI), fault current limiters, power cables, motors, generators, magnetic separators, transformers. The global Superconducting Wire Market is expected to grow at 9.80% CAGR during 2018 to 2023.
Superconducting wires are made up of superconducting materials which when cooled below its transition temperature, has zero electrical resistance. High temperature superconducting wire is one of the major types of superconducting wires, widely used in various applications. High temperature wires are further segmented into first generation HTS wires and second generation HTS wires. First generation HTS wires operates at higher temperatures and address the problem of costly cryogenics, heavy reliance on silver as a raw material makes the wire relatively expensive. On the other hand, second generation HTS wires offers additional benefits such as critical current capacity, increased in-field performance, significant cost advantages, increased efficiency, and reduced size, among others.
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Competitive Dashboard:
- 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
- Fuji Electric
Superconducting Wire Market Segmentation:
The 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.
Based on application, the market is segmented as energy, medical, industry, and research.
Superconducting Wire Regional Market Analysis:
Geographically, the global FSRU market cover growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World.
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.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
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List Of Tables
Table 1 Global Superconducting Wire Market, By Region, 2016-2023 (USD Million)
Table 2 North America Superconducting Wire Market, By Country, 2016-2023 (USD Million)
Table 3 Europe Superconducting Wire Market, By Country, 2016-2023 (USD Million)
Table 4 Asia-Pacific Superconducting Wire Market, By Country, 2016-2023 (USD Million)
Table 5 Rest Of The World Superconducting Wire Market, By Country, 2016-2023 (USD Million)
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List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
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