According to Stratistics MRC, the Global Superconductor market is accounted for $0.82 billion in 2015 and is expected to reach $2.71 billion by 2022 growing at a compound annual growth rate (CAGR) of 18.6%. Growing demand from medical industry for MRI, booming market for electric motors are the major factors propelling the market growth. In addition, increasing research & development activities, innovative technological developments are the other factors bolstering the market growth during the forecast period. On the other hand, fluctuating raw material prices is hindering the market growth.
The widespread research involved in the development of high temperature superconductors (HTS) will also boost up the demand for superconductors in the power industry. The magnetic resonance imaging sector holds the leading share by consumer applications, and the electronic devices sector is anticipated to experience the fastest growth due to the rising applications of superconductors in this segment. Asia-Pacific is the primary regional market for this industry and is predictable to dominate in the future with the expected positive economic outlook in upcoming markets such as India, China, and Japan.
Some of the key players in global superconductor market include American Superconductor, Evico GmbH, Hitachi, Ltd., Hyper Tech Research, Inc., Metal Oxide Technologies, Inc., Siemens AG, Sumitomo Electric Industries Ltd., Superconductor Technologies, Inc., Toshiba Corporation, Bruker Corporation, Ceraco Ceramic Coating Gmbh, Deutsche Nanoschicht Gmbh, Fujikura Ltd., and Furukawa Electric Co. Ltd.
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• High temperature superconducting materials
• Low temperature superconducting materials
• Research & Development
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o South Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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