The global market for Superconducting Magnets is estimated at US$3.8 Billion in 2023 and is projected to reach US$4.7 Billion by 2030, growing at a CAGR of 3.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.
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.
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 3.4%. The Mass Spectrometers Application segment is also set to grow at 3.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $635.3 Million in 2023, and China, forecasted to grow at an impressive 3.7% CAGR to reach $999.9 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Superconducting Magnets Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Superconducting Magnets Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Superconducting Magnets Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 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., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 52 Featured):
- 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
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
LATIN AMERICA
REST OF WORLD
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 274 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 3.8 Billion |
| Forecasted Market Value ( USD | $ 4.7 Billion |
| Compound Annual Growth Rate | 3.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
