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North America Superconducting Wire Market Size, Share & Industry Trends Analysis Report by Type, Sales Channel, End User, Country and Growth Forecast, 2022-2028

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    Report

  • 72 Pages
  • March 2023
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5779047
The North America Superconducting Wire Market should witness market growth of 8.9% CAGR during the forecast period (2022-2028).

Themarket for superconducting wires is anticipated to expand quickly throughout the forecast period due to many superconducting wire-related projects currently under construction. In addition, some practical uses for the next superconductor include MRI, fault current limiters, motors, generators, magnetic separators, power lines,and transformers. Therefore, during the forecast period, it is anticipated that the market will grow quickly due to many endeavors in the area of superconductivity.

The growing urbanization, rising power and electricity demand, rising need for cutting-edge medical equipment, vehicles, and electric devices,and increasing disposable income in emerging economies are some of the key drivers of the superconducting wires market's revenue growth. Additionally, during the forecast period, themarket revenue is anticipated to grow due to the quick acceptance of superconductor-based MRI technologies, the development of smart cities, and the increasing application of superconducting wires because of rigorous energy-efficiency standards.

In the US, the Office of Electricity (OE) of the Department of Energy (DOE) is constantly looking for methods to enhance the grid and make it more dependable and effective as part of its mandate. The invention of superconductors, which can be utilized in place of cables connecting transmission towers, is the result of this quest. In order to provide power to Chicago's north side for a one-year test, Commonwealth Edison (ComEd) most recently installed high temperature superconducting (HTS) wire with assistance from OE-developed technology and financing from the Department of Homeland Security. The enhanced superconducting wire is able to transfer power at 200 times ascompared to regular copper wire. Additionally, it gives ComEd the freedom to redirect electricity away from damaged substations to speed up customer restoration. This supports the growth of the regional market.

The US market dominated the North America Superconducting Wire Market by Country in 2021 and would continue to be a dominant market till 2028; thereby, achieving a market value of $348.8 Million by 2028. The Canada market is poised to grow at a CAGR of 11.4% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 10.4% during (2022-2028).

Based on Type, the market is segmented into Low Temperature Superconductor, Medium Temperature Superconductor and High Temperature Superconductor. Based on Sales Channel, the market is segmented into Direct and Indirect. Based on End-user, the market is segmented into Medical, Energy, Research, Transportation, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bruker Corporation, Furukawa Electric Co., Ltd., Fujikura Ltd., Eaton Corporation PLC, FUJI ELECTRIC CO., LTD., Phoenix Contact GmbH & Co. KG, Sumitomo Electric Industries, Ltd., Nexans SA, LS Cable & System Ltd., and MetOx Technologies, Inc.

Scope of the Study

By Type

  • Low Temperature Superconductor
  • Medium Temperature Superconductor
  • High Temperature Superconductor

By Sales Channel

  • Direct
  • Indirect

By End-user

  • Medical
  • Energy
  • Research
  • Transportation
  • Others

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players

List of Companies Profiled in the Report:

  • Bruker Corporation
  • Furukawa Electric Co., Ltd.
  • Fujikura Ltd.
  • Eaton Corporation PLC
  • FUJI ELECTRIC CO., LTD.
  • Phoenix Contact GmbH & Co. KG
  • Sumitomo Electric Industries, Ltd.
  • Nexans SA
  • LS Cable & System Ltd.
  • MetOx Technologies, Inc.

Unique Offerings

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Superconducting Wire Market, by Type
1.4.2 North America Superconducting Wire Market, by Sales Channel
1.4.3 North America Superconducting Wire Market, by End-user
1.4.4 North America Superconducting Wire Market, by Country
1.5 Research Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Superconducting Wire Market by Type
3.1 North America Low Temperature Superconductor Market by Country
3.2 North America Medium Temperature Superconductor Market by Country
3.3 North America High Temperature Superconductor Market by Country
Chapter 4. North America Superconducting Wire Market by Sales Channel
4.1 North America Direct Market by Country
4.2 North America Indirect Market by Country
Chapter 5. North America Superconducting Wire Market by End-user
5.1 North America Medical Market by Country
5.2 North America Energy Market by Country
5.3 North America Research Market by Country
5.4 North America Transportation Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Superconducting Wire Market by Country
6.1 US Superconducting Wire Market
6.1.1 US Superconducting Wire Market by Type
6.1.2 US Superconducting Wire Market by Sales Channel
6.1.3 US Superconducting Wire Market by End-user
6.2 Canada Superconducting Wire Market
6.2.1 Canada Superconducting Wire Market by Type
6.2.2 Canada Superconducting Wire Market by Sales Channel
6.2.3 Canada Superconducting Wire Market by End-user
6.3 Mexico Superconducting Wire Market
6.3.1 Mexico Superconducting Wire Market by Type
6.3.2 Mexico Superconducting Wire Market by Sales Channel
6.3.3 Mexico Superconducting Wire Market by End-user
6.4 Rest of North America Superconducting Wire Market
6.4.1 Rest of North America Superconducting Wire Market by Type
6.4.2 Rest of North America Superconducting Wire Market by Sales Channel
6.4.3 Rest of North America Superconducting Wire Market by End-user
Chapter 7. Company Profiles
7.1 Bruker Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent Strategies and Developments
7.1.5.1 Partnerships, Collaborations, and Agreements
7.2 Nexans SA
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent Strategies and Developments
7.2.5.1 Acquisition and Mergers
7.3 LS Cable & System Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Recent Strategies and Developments
7.3.3.1 Geographical Expansions
7.4 Furukawa Electric Co., Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.5 Sumitomo Electric Industries, Ltd.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional & Segmental Analysis
7.5.4 Research & Development Expenses
7.6 Fujikura Ltd.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.7 Eaton Corporation PLC
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental Analysis
7.7.4 Research & Development Expense
7.8 Fuji Electric Co. Ltd.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.9 Phoenix Contact GmbH & Co. KG
7.9.1 Company Overview
7.9.2 Recent Strategies and Developments
7.9.2.1 Acquisition and Mergers
7.10. MetOx Technologies, Inc.
7.10.1 Company Overview

Companies Mentioned

  • Bruker Corporation
  • Furukawa Electric Co., Ltd.
  • Fujikura Ltd.
  • Eaton Corporation PLC
  • FUJI ELECTRIC CO., LTD.
  • Phoenix Contact GmbH & Co. KG
  • Sumitomo Electric Industries, Ltd.
  • Nexans SA
  • LS Cable & System Ltd.
  • MetOx Technologies, Inc.

Methodology

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