GITNUX MARKETDATA REPORT 2024

Superconducting Wire Industry Statistics

The superconducting wire industry is experiencing significant growth with increasing demand for high-efficiency power transmission systems and emerging technologies like quantum computing driving market expansion.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

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In this post, we will explore key statistics and insights regarding the superconducting wire industry. From projected market valuations to regional dominance and key players, we will delve into the latest trends shaping this dynamic market landscape. Let’s dive into the numbers that are driving innovation and growth in the superconducting wire sector.

Statistic 1

"It is projected that the superconducting wire market will reach USD 1.3 billion by 2026."

Statistic 2

"The APAC region (Asia-Pacific) dominated the superconducting wire market in 2020 with a share of 38.7% ."

Statistic 3

"The superconducting wire market in North America is predicted to grow with a CAGR of 4.5% from 2021 to 2026."

Statistic 4

"SuperPower Inc., American Superconductor Corporation, and Bruker are among the key manufacturers of superconducting wires."

Statistic 5

"High-temperature superconducting wires led the market with a 48% share in 2020."

Statistic 6

"The global superconducting wire market grew at a CAGR of around 7% during 2015-2020."

Statistic 7

"The healthcare sector's demand for superconductors is expected to increase at a CAGR of 8.7% between 2021 and 2026."

Statistic 8

"Europe is the second-largest market for superconducting wire with a projected valuation of USD 485.1 million by 2025."

Statistic 9

"By 2025, superconducting wire use in the MRI segment is predicted to contribute 23.6% to the market."

Statistic 10

"Japan is one of the leading manufacturing countries for superconducting wire in the APAC region."

Statistic 11

"The superconducting wire market in China is expected to grow at a CAGR of 10% between 2021 to 2026."

Statistic 12

"High strength-low alloyed (HSLA) superconductors produced the highest revenue in the superconducting wire market in 2020."

Statistic 13

"The first generation (1G) superconducting wire held the largest market share by product type in 2020."

Statistic 14

"The use of superconducting wire in wind technology is projected to grow at a CAGR of 8% between 2021 and 2026."

Statistic 15

"The demand for superconducting wire is expected to increase due to a rise in the expansion of high-speed rail networks, which could grow at a CAGR of 5.5% by 2025."

The superconducting wire industry is experiencing significant growth and diversification, with various regions and sectors playing key roles in driving market dynamics. The projected market valuation of USD 1.3 billion by 2026 indicates a promising future for the industry, particularly in APAC where dominance was observed in 2020. North America is expected to see steady growth, while key manufacturers like SuperPower Inc., American Superconductor Corporation, and Bruker continue to shape the market landscape. High-temperature superconducting wires and HSLA superconductors have been standout performers, with applications in healthcare, MRI technology, wind energy, and high-speed rail networks driving demand and innovation. With strong growth trajectories predicted across different regions and sectors, the superconducting wire industry is poised for continued expansion and technological advancements in the coming years.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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