Emphasis on Type (Type-I, Type-II); Material (Stainless Steel, Yttrium Barium Copper Oxide, Bismuth Strontium Calcium Copper Oxide, Others); Product (Magnets, Cables, Transformer, Energy Storage Devices); Region/Country
Global Superconductor Market is expected to exceed the market valuation of US$ 11 billion in 2027 and is expected to grow at a significant CAGR of 9.2% during the forecast period (2021-2027). Surging demand for advance power grid infrastructure coupled with rising implementation of government regulations needed to implement for safety of environment. In addition, superconductors are proficient of generating high magnetic fields that would help in reducing the sizes of medical devices by increasing the magnetic field. Hence, superconductor market is expected to grow at an influential rate in the forecasted period. In addition, growing energy demand across globe required for day to day activities is expected to positively influence market demand. For instance, according to, Center for Sustainable Systems, Renewable energy consumption is projected to increase annually at an average rate of 1.9% between 2019 and 2050, compared to 0.3% growth in total energy use.
The key reasons for the growth superconductors is mainly owing to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to superconductors are restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. In addition, rising geriatric population with complex healthcare needs and the shift in the focus of medical service and care facilities from infectious diseases to life-threatening chronic ailments surging demand for medical equipment such as MRI machines is expected to drive the growth of the superconductors market in the coming years.
Different Types of Superconductors, 2020
American Superconductor, Bruker, Furukawa Electric Co. Ltd., Southwire Company LLC., Sumitomo Electric Industries Ltd., Fujikura Ltd., Superconductor Technologies Inc., Cryomagnetics Inc, Deutsche Nanoschicht GmbH, Japan Superconductor Technology Inc. are some of the prominent players operating in the Global Superconductor Market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Type, Type-I Superconductor segment holds the major share”
Based on Type, the global superconductors market is bifurcated into Type-I superconductor and Type-II superconductors. Currently type-I superconductors caters significant market share in the past few years. It is mainly owing to the properties of type-I superconductors that escalated its demand in various end-users application. Type-I super are of low temperature which has major application for superconductivity is in producing the large-volume, stable, and high-intensity magnetic fields required for MRI and NMR.
“Amongst Material, Yttrium Barium Copper Oxide Segment holds the major share”
Based on material, the global superconductor market is segmented into stainless steel, Yttrium Barium Copper Oxide, Bismuth Strontium Calcium Copper Oxide and Others. Currently, yttrium barium copper oxide acquired significant market share in the global superconductors market. Yttrium have high temperature superconductivity have a high critical current density at high magnetic fields and high mechanical strength, they are applicable to broad areas of electric machinery.
“Amongst Product, Magnet and Energy Storage segment holds the major share”
Based on product, the global superconductor market is segmented into magnets, cables, transformer and energy Storage devices. Currently, magnets and energy storage together captured significant market share. It is mainly owing to the use of superconductor magnets in MRI machines, NMR equipment, mass spectrometers, magnetic separation processes, and particle accelerators. However, cables also acquired considerable market growth and expected to grow at increasing rate in the projected year as well.
“Asia Pacific represents one of the largest markets of Global Superconductor Market”
For a better understanding of the market dynamics of the Global Superconductor Market, a detailed analysis was conducted for different regions including Asia Pacific, North America, Europe and Rest of the World. Asia Pacific dominated the market and grabbed around XX% market share is majorly attributed to the increasing electrical & electronics production in the region.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis (industry At A Glance)
4. Executive Summary
5. Global Supercondctors Market Amid Covid-19
6. Global Supercondctors Market Revenue (usd Bn), 2019-2027f
7. Market Insights By Type
8. Market Insights By Material
9. Market Insights By Product
10. Market Insights By Application
11. Market Insights By Region
12. Supercondctors Market Dynamics
13. Supercondctors Market Opportunities
14. Supercondctors Market Trends
15. Legal & Regulatory Framework
16. Demand And Supply Side Analysis
17. Value Chain Analysis
18. Competitive Scenario
19. Company Profiled
20. Disclaimer
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global superconductor market were the three major steps undertaken to create and analyze the adoption of Superconductor system in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Global Superconductor Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Global Superconductor Market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Global Superconductor Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as type of superconductor, material, product and application. Further country-level analyses were conducted to evaluate the overall adoption of diagnostic testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of global superconductor market. Further, we conducted factor analysis using dependent and independent variables such as increasing type of superconductors and increasing adoption of different type of superconductor material. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the global superconductor market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Global Superconductor Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global superconductor market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and their type of the global superconductor market.
The main objective of the Global Superconductor Market Study
The current & future market trends of Global Superconductor Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
Deep dive regional level analysis of the industry
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