Global Superconducting Wire Market Analysis

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 growing demand for superconducting wire market is attributed to the growing demand for superconductor-based MRI system, synergies of. transmission application and high efficiencies, and advancement in computer chip designing technology leading to higher demand for superconductors. Moreover, 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.

Industry Segmentation

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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Leading 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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