Superconducting Wire Market Key Segments & Forecast 2017 – 2025

Global Superconducting Wire Market: Overview

Superconducting wires are made up of superconducting materials which, when cooled below a certain temperature (transition temperature), exhibit zero electrical resistance. The superconductor material used is usually in the form of filament and theoretically allows the persistent flow of electric current across any loop of superconductor wire. Superconductor magnets find extensive applications in MRI/NMR machines, mass spectrometers, and in particle accelerators as beam-steering magnets. Recent applications of superconducting wires include their use in smart grid, transformers, power storage devices, and electric motors.

Request Sample Copy of the Report @

https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1985

Second-generation high temperature superconducting wires, with significantly higher transition temperatures, are mainly made up of rare Earth compounds such as yttrium, samarium, and neodymium. Allowing competitive cost-benefits and multi-functionalities, the demand for these materials is rising rapidly in the making of various electrical power equipment and medical equipment, opening up a spate of promising avenues in the market.

Global Superconducting Wire Market: Key Trends

The global market is primarily driven by the burgeoning demand for superconducting materials in high-voltage transmission applications and in making MRI systems. The increasing demand for high-temperatures superconducting materials in numerous areas such as energy, medical, defense, electronics, and industrial applications is expected to boost the market. Advances in computer chip designing technology are expected to spur the demand for superconductors with high critical current capacity and enhanced power performance.

High manufacturing cost involved in making superconductors and dearth of standard testing facilities are likely to restrain the superconducting wire market to some extent. On the other hand, continuous scaling efforts by manufacturing units and intensive advances in R&D technology are expected to expand the commercial applications of superconducting wires.

Request TOC of the Report @

https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1985

Global Superconducting Wire Market: Market Potential

Bruker Corporation, a U.S. based manufacturer of scientific instruments for materials researches and industrial analysis, announced at the end of 2016 that it was planning to acquire Oxford Instruments Superconducting Wire LLC (OST). The deal was finalized by Bruker’s subsidiary, Bruker Energy and Supercon Technologies (BEST), for an aggregate sum of U$17.5 million. BEST pioneers in low temperature superconductors for being used in MRI, NMR, and fusion energy researches. Post finalization of the buyout deal, the manufacturer made efforts to expand its technology portfolio with the Rod Restack Process (RRP) conductor technology from OST. The technology is especially in demand for various high-energy physics applications that require considerably high magnetic fields.

The deal marked a strategic acquisition for BEST as it strengthened its position in the low-temperature superconductors (LTS) market. The company already enjoys a sustained position in LTS segment and has made numerous investments in the past to boost capacity automation and quality control.

Read Comprehensive Overview of Report @

https://www.tmrresearch.com/superconducting-wire-market

With the integration of the OST technology, BEST hopes to emerge as a world-leading LTS provider with a broad product portfolio that will house superconducting wires with advanced conductor performance and quality. Furthermore, with such strategic buyouts in place, Bruker Corporation hopes to consolidate its positions across prominent regions such as the U.S. and China. These developments are poised to expand the potential of the superconducting wire market.

Global Superconducting Wire Market: Regional Outlook

North America, Europe, and Asia Pacific are the prominent markets for superconductor wires. Europe is expected to offer lucrative growth avenues to manufacturers and vendors of superconducting wires. The substantial growth in the regional market is expected to be driven by increased commercialization of high-technology superconducting materials and extensive R&D investments in developing second-generation superconducting wire technology.

Asia Pacific is anticipated to show impressive growth over the forecast period; the growth is attributed to significant advances in semiconductor technology leading to the wide use of LTS electromagnets in making magnetic resonance imaging and nuclear magnetic resonance magnets.

Global Superconducting Wire Market: Competitive Analysis

Leading players are making substantial investments in R&D in order to launch advanced products made with cost-effective technologies. Several players are making technology integrations to expand their expertise in the manufacture of superconducting wires. Major players vying for a sustained share in the superconducting wires market include American Superconductor, Bruker Corporation, Fujikura Ltd., Superconductor Technologies Inc., Sumitomo Electric Industries, Ltd., Japan Superconductor Technology, Inc., Supercon Inc., and Furukawa Electric Co., Ltd.

Wide Range of Applications to Drive Superconducting Wires Market

San Francisco, California, January 09, 2018: Superconducting Wire Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025 is the latest report added in the vast research report repository of TMR Research. The given research report sheds light on the global market landscape of the superconducting wire. The research report is a result of compilation of extensive primary as well as secondary research methodologies. The research report makes use of inputs from industry experts, surveys, and personal interviews to provide an in-depth qualitative as well as quantitative evaluation of the global superconducting wire market. The report also consists of crucial information gathered from the prominent companies that are playing their trade in the global superconducting wire market. A separate evaluation of the macro as well as micro-economic directives, driving factors of the market, current trends, mandates, and regulation that govern the overall development of the global market for superconducting wire are also given out in the report.

Superconducting wired are derived from superconducting materials which, when cooled down a specific temperature or transition temperature, show no electrical resistance. The superconducting material used for manufacturing these wires are usually in the form of a filament and in theory permits a consistent flow of electric current across any kind of loop of a superconductor wire. Superconductor magnets have growing use in NMR and MRI machines, particle accelerators, and mass spectrometers as beam steering magnets. In recent developments, superconducting wires are being used in transformers, smart grids, electric motors, and power storing devices as well.

The second generation of high temperature superconducting wire wit considerably higher temperatures of transition are chiefly made of rare Earth elements such as neodymium, samarium, and yttrium. Allowing competitive multi-functionalities and cost-benefits, the overall demand for these materials is growing rapidly in the production of numerous electrical power and medical tools, which is also opening up door for wide range of lucrative opportunities for the development of the market in the coming years.

The global market for superconducting wires is chiefly driven by the growing demand for superconducting materials in making of MRI machines and high voltage transmission applications. The rising demand for high temperature superconducting materials in several areas such as electronics, industrial applications, defense, medical, and energy among others are also projected to augment the growth of the global market in the coming years of the forecast period of 2017 to 2025. Advances in the technology of computer chip designing are also projected drive the growth of the market in the coming years thanks to the demand for enhanced power performance and high critical current capacity.

However, there are some factors that might impede the growth of the market in the coming year of the forecast period. One of the key restraining factors for the growth of the market is the high cost of manufacturing of these superconducting wires. In addition to this, the lack of standard testing facilities are also projected to hamper the growth of the market in the near future. On the other hand, constant scaling efforts made by the manufacturers and extensive activities of research and development are projected to offer several opportunities of growth of the market in the coming years.

The global market for superconducting wires can be segmented into key geographical regions such as North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.

Some of the key players in the global market for superconducting wires include names such as American Superconductor, Bruker Corporation, Fujikura Ltd., Superconductor Technologies Inc., Sumitomo Electric Industries, Ltd., Japan Superconductor Technology, Inc., Supercon Inc., and Furukawa Electric Co., Ltd.

Get Sample Copy of this Report

https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1985