About High Temperature Superconductors
High-temperature superconductivity is a technology that facilitates the use of ceramic materials for conducting and transmitting electricity with little or no resistance loss without the need to achieve low-temperature superconductivity. Researchers are researching in underway to develop a compound that becomes superconductive at higher temperatures. The high temperature superconductors are used in various applications such as induction heater, transformer, power storage, and magnetic levitation devices. The High Temperature Superconductors market is the growing preference for sustainable and eco-friendly products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.2% |
Competition among existing players is due to the High Temperature Superconductors market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for high temperature superconductors market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global High Temperature Superconductors market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bruker Corporation (United States), Fujikura Ltd. (Japan), Furukawa Electric Co., Ltd. (Japan), High Temperature Superconductor Technologies Inc. (United States), Japan Superconductor Technology, Inc. (Japan), Sumitomo Electric Industries, Ltd. (Japan), Supercon Inc. (United States), Superox (Russia), Theva Dunnschichttechnik GmbH (Germany), AMSC (Australia), SuNam (South Korea), Nexans (France) and THEVA (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Hyper Tech Research Inc. (United States), Hitachi Ltd. (Japan) and Others.
Segmentation Overview
AMA Research has segmented the market of Global High Temperature Superconductors market by Type (Yttrium Barium Copper Oxide (YBCO), Bismuth Strontium Calcium Copper Oxide (BSCCO) and Others (such as iron-based superconductors)), Application (Power Transmission and Distribution, Magnetic Resonance Imaging (MRI), Particle Accelerators, Magnetic Levitation (Maglev) Trains and Others (such as generators, motors, transformers)) and Region.
On the basis of geography, the market of High Temperature Superconductors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Healthcare will boost the High Temperature Superconductors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The growing popularity of high-temperature superconductors in renewable energy systems.
Market Growth Drivers:
Increasing demand for energy-efficient and environment-friendly technologies. and Growing investments in research and development of new applications for high-temperature superconductors.
Challenges:
High manufacturing cost of superconductors.
Restraints:
Limited operating temperature range.
Opportunities:
Technological advancement in high temperature superconductors. and Advancement in fabrication techniques.
Market Leaders and their expansionary development strategies
In June 2022, High Temperature Superconductors, Inc. (HTS) announced the successful completion of its acquisition of PVD Products, a leading manufacturer of custom thin film deposition systems, reel-to-reel deposition equipment for the coated-conductor market, and combinatorial deposition tools for rapid process development. The combination of HTS and PVD Products strengthens ability to meet superconducting wire demand for new Resilient, Reliable, and Sustainable Power Applications, including Fusion, Next Generation Electrical Machines, Transmission Cables, High Field Magnets, Fault Current Limiters, and Energy Storage.
In July 2023, Chinese scientists has launched a new superconducting material that becomes active at relatively higher temperatures, marking a breakthrough in the search for more easily accessible superconductors. Superconducting materials boast various useful properties, including zero electrical resistance, meaning they allow the free passage of electrical currents, when the materials are cooled below a certain very low temperature, called the transition temperature, usually below minus 230 degrees Celsius.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.