Superconducting Magnets - Global Strategic Business Report

The global market for Superconducting Magnets was valued at US$3.9 Billion in 2024 and is projected to reach US$4.7 Billion by 2030, growing at a CAGR of 3.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Superconducting Magnets Market - Key Trends & Drivers Summarized

Superconducting magnets are powerful electromagnets made from superconducting wire, which can carry much larger currents without energy losses compared to conventional wire. These magnets are used in a variety of high-tech applications, including magnetic resonance imaging (MRI) machines in the medical field, particle accelerators in scientific research, and magnetic confinement systems for nuclear fusion. Superconducting magnets operate at extremely low temperatures, typically achieved using liquid helium or liquid nitrogen, which allow the superconducting materials to exhibit zero electrical resistance and expel magnetic fields, leading to highly efficient and strong magnetic fields.

The development and application of superconducting magnets have revolutionized many fields by providing unparalleled magnetic strength and stability. In medical diagnostics, MRI machines utilizing superconducting magnets offer high-resolution imaging capabilities, which are essential for accurate diagnosis and treatment planning. In scientific research, superconducting magnets are critical components of particle accelerators, such as those used in the Large Hadron Collider, enabling scientists to explore fundamental particles and forces at unprecedented energy levels. The potential for superconducting magnets in energy applications, particularly in the development of sustainable nuclear fusion reactors, represents a promising avenue for future energy solutions.

The growth in the superconducting magnets market is driven by several factors. The increasing demand for advanced medical imaging technologies, such as MRI, is a significant driver, as these machines rely on superconducting magnets for high performance. Technological advancements in superconducting materials and cooling techniques are enhancing the efficiency and reducing the operational costs of superconducting magnets, making them more accessible for various applications. The expansion of research activities in particle physics and the development of new particle accelerators are also boosting demand for superconducting magnets. Additionally, the pursuit of sustainable energy solutions, particularly through nuclear fusion, is driving investments in superconducting magnet technology. The growing interest in quantum computing and the need for high-field magnets in experimental setups are further contributing to the market's growth.

Scope of the Study

The report analyzes the Superconducting Magnets market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments:

Application (Medical Devices & Equipment, Mass Spectrometers, Transportation, Other Applications).

Geographic Regions/Countries:

World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Latin America; Rest of World.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Medical Devices & Equipment Application segment, which is expected to reach US$2.3 Billion by 2030 with a CAGR of a 3.3%. The Mass Spectrometers Application segment is also set to grow at 3.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $653.2 Million in 2024, and China, forecasted to grow at an impressive 3.7% CAGR to reach $999.9 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Agilent Technologies, Inc., Bruker Corporation, Fujikura Ltd., American Magnetics, Inc., ASG Superconductors SpA and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Superconducting Magnets Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Superconducting Magnets Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Superconducting Magnets Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 52 major companies featured in this Superconducting Magnets market report include:

• Agilent Technologies, Inc.
• Bruker Corporation
• Fujikura Ltd.
• American Magnetics, Inc.
• ASG Superconductors SpA
• Cryomagnetics, Inc.
• Elytt Energy
• Cryogenic Ltd.
• Advanced Magnet Lab, Inc.
• Bilfinger SE
• Bruker Energy & Supercon Technologies (BEST)
• CRYO Industries of America, Inc.
• Custom Coils
• Commonwealth Fusion
• CAEN ELS