Superconducting Materials Market Report by Product Type (Low-temperature Superconducting Materials (LTS), High-temperature Superconducting Materials (HTS)), End Use Industry (Medical, Electronics, Energy, Defense, and Others), and Region 2024-2032

Superconducting Materials Market Report by Product Type (Low-temperature Superconducting Materials (LTS), High-temperature Superconducting Materials (HTS)), End Use Industry (Medical, Electronics, Energy, Defense, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3183
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Market Overview:

The global superconducting materials market size reached US$ 1,241.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 4,257.0 Million by 2032, exhibiting a growth rate (CAGR) of 14.2% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1,241.8 Million
Market Forecast in 2032
US$ 4,257.0 Million
Market Growth Rate 2024-2032 14.2%


Superconducting materials refer to various metallic compounds or alloys that can conduct electricity/ electric charge with no resistance and without releasing heat, sound and energy. Some of the commonly used superconducting materials include gallium, cadmium, aluminum, vanadium, zinc, tungsten, thorium, lead, titanium and lanthanum. These materials are available in the form of powders or crystals, magnets, wires and cables. They are widely used in power storage devices, power grids, electric motors, magnetic levitation trains, magnetic resonance imaging (MRI) and electromagnetic generators. As a result, they find extensive applications across various industries, including electronics and medical.

Significant growth in the electronics and medical industries across the globe represents one of the key factors creating a positive outlook for the market. Superconducting materials are extensively used in the MRI equipment to diagnose various medical ailments, such as cardiovascular and musculoskeletal disorders, by producing accurate images of the internal organs. In line with this, electronics manufacturers use these materials for resistance-free conductivity in electric fans, elevators, pumps, industrial equipment, air conditioners, televisions and refrigerators. Additionally, various product innovations, such as the development of high-temperature superconducting fibers, are acting as other major growth-inducing factors. They are commonly used to manufacture high-endurance power cables, which can transmit energy at high speeds and can be efficiently utilized in various storage systems. Other factors, including the utilization of superconducting materials for improving the performance of smart grids, along with extensive research and development (R&D) activities, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global superconducting materials market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on product type and end use industry.

Breakup by Product Type:

  • Low-temperature Superconducting Materials (LTS)
  • High-temperature Superconducting Materials (HTS)
     

Breakup by End Use Industry:

  • Medical
  • Electronics
  • Energy
  • Defense
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being American Superconductor Co., evico GmbH, Hitachi Ltd., Hyper Tech Research Inc., Metal Oxide Technologies, Inc., Siemens AG, Sumitomo Electric Industries Ltd., Superconductor Technologies Inc., SuperPower Inc. (The Furukawa Electric Co. Ltd.) and Western Superconducting Technologies Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Product Type, End Use Industry, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered American Superconductor Co., evico GmbH, Hitachi Ltd., Hyper Tech Research Inc., Metal Oxide Technologies, Inc., Siemens AG, Sumitomo Electric Industries Ltd., Superconductor Technologies Inc., SuperPower Inc. (The Furukawa Electric Co. Ltd.) and Western Superconducting Technologies Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global superconducting materials market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global superconducting materials market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global superconducting materials market and who are the key players?
  • What is the degree of competition in the industry?

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Superconducting Materials Market Report by Product Type (Low-temperature Superconducting Materials (LTS), High-temperature Superconducting Materials (HTS)), End Use Industry (Medical, Electronics, Energy, Defense, and Others), and Region 2024-2032
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