Superconductors Market: Current Analysis and Forecast (2021-2027)

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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

Published:

Sep-2021

Pages:

258

Table:

66

Figure:

126

Report ID:

UMEP21430

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Global Superconductor Market1
Global Superconductor Market1

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.

Global Superconductor Market2
Global Superconductor Market2

 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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  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

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1.1.   Market Definitions
1.2.   Limitation
1.3.   Stake Holders
1.4.   Currency Used in Report
2.1.   Research Methodology for the Global SUPERCONDCTORS Market 
2.1.1.       Main Objective of the Global SUPERCONDCTORS Market 
5.       GLOBAL SUPERCONDCTORS MARKET AMID COVID-19
6.       GLOBAL SUPERCONDCTORS MARKET REVENUE (USD BN), 2019-2027F
7.1.   Type-I Superconductor
7.2.   Type-II Superconductor
8.1.   Stainless Steel
8.2.   Yttrium Barium Copper Oxide
8.3.   Bismuth Strontium Calcium Copper Oxide
8.4.   Others
9.1.   Magnets
9.2.   Cables
9.3.   Transformers
9.4.   Energy Storage Devices
10.1.  Energy
10.2.  Electronics
10.3.  Medical
10.4.  Research and Development
10.5.  Industrial
10.6.  Others
11.1.                     North America SUPERCONDCTORS Market  
11.1.1.   United States
11.1.2.   Canada
11.1.3.   Rest of North America
11.2.                     Europe SUPERCONDCTORS Market  
11.2.1.   Germany
11.2.2.   United Kingdom
11.2.3.   France
11.2.4.   Spain
11.2.5.   Rest of Europe
11.3.                     Asia Pacific SUPERCONDCTORS Market 
11.3.1.   China
11.3.2.   Japan
11.3.3.   India
11.3.4.   Australia
11.3.5.   Rest of Asia-Pacific
11.4.                     Rest of World SUPERCONDCTORS Market 
12.1.                     Market Drivers
12.2.                     Market Challenges
12.3.                     Impact Analysis
13.   SUPERCONDCTORS MARKET OPPORTUNITIES
14.   SUPERCONDCTORS MARKET TRENDS
15.   LEGAL & REGULATORY FRAMEWORK
16.1.                     Demand Side Analysis
16.2.                     Supply Side Analysis
16.2.1.   Top Product Launches
16.2.2.   Top Business Partnerships
16.2.3.   Top Business Expansions, Investments and Divestitures
16.2.4.   Top Merger and Acquisitions

17.   VALUE CHAIN ANALYSIS

18.1.                     Porter’s Five Forces Analysis
18.1.1.   Bargaining power of Supplier
18.1.2.   Bargaining power of Buyer
18.1.3.   Industry Rivalry
18.1.4.   Availability of Substitute
18.1.5.   Threat of new Entrants
18.2.                     Competitive Landscape
18.2.1.   Company Shares, By Revenue
19.1.                     American Superconductor
19.2.                     Bruker
19.3.                     Furukawa Electric Co. Ltd.
19.4.                     Southwire Company LLC.
19.5.                     Sumitomo Electric Industries Ltd.
19.6.                     Fujikura Ltd.
19.7.                     Superconductor Technologies Inc.
19.8.                     Cryomagnetics Inc.
19.9.                     Deutsche Nanoschicht GmbH
19.10.                 Japan Superconductor Technology Inc.
20.   DISCLAIMER

Research Methodology

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:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Global Superconductor Market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Global Superconductor Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

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

Global Superconductor Market
Global Superconductor Market

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:

  • Analyze the current and forecast market size of Global Superconductor Market in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of type and their subtypes
  • Define and analysis of the regulatory framework for the Global Superconductor Market industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Global Superconductor Market for the major region
  • Major regions studied in the report include Asia Pacific, Europe, North America and Rest of the world.
  • Company profiles of the Global Superconductor Market and the growth strategies adopted by the market players to sustain in the fast-growing market

Deep dive regional level analysis of the industry