Superconducting Materials Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The superconducting materials market size has grown rapidly in recent years. It will grow from $8.94 billion in 2024 to $9.92 billion in 2025 at a compound annual growth rate (CAGR) of 11%. The growth in the historic period can be attributed to research and development initiatives, government funding and support, growing demand in medical imaging, energy infrastructure development, increased manufacturing capabilities, increasing adoption in the energy sector.

The superconducting materials market size is expected to see strong growth in the next few years. It will grow to $14.26 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to emerging applications in transportation, expanding renewable energy projects, advancements in healthcare devices, increasing demand in research facilities, enhancements in energy storage. Major trends in the forecast period include advancements in research and development, superconductors in quantum computing, focus on sustainable technologies, application expansion beyond electronics, infrastructure upgrades for 5g, advancements in electronics.

The expected robust growth of the electronic industry is projected to drive the expansion of the superconducting materials market. The electronics industry involves the design, development, production, and distribution of electronic devices, components, and systems. This sector is experiencing growth due to increasing consumer demand for advanced technologies, the rise of IoT, innovations in AI and automation, and the widespread adoption of smart devices and electric vehicles. Superconducting materials contribute to the electronics industry by enabling efficient power transmission, faster data processing, and supporting advancements in technologies such as quantum computing. For example, in October 2023, the Shanghai Municipal People's Government, a local administrative agency in China, projected that retail sales of consumer electronics in China would increase by 4% to 2.2 trillion yuan (US$305 billion) in 2023, with the growth rate expected to rise to 5% in 2024. As a result, the anticipated strong expansion of the electronics industry is fueling the growth of the superconducting materials market.

Leading companies in the superconducting materials market are focusing on the development of innovative superconducting materials to improve efficiency across various applications, including energy transmission, magnetic resonance imaging (MRI), and particle accelerators. Novel superconductive materials refer to newly engineered substances, such as high-temperature superconductors and iron-based superconductors, that display zero electrical resistance below specific temperatures. For example, in February 2024, The Pennsylvania State University, a US-based academic institution, announced significant advancements in quantum technology by creating a novel superconductive material that combines two types of magnetic materials. This innovative integration is anticipated to be crucial for the future of quantum computing. The superconductivity achieved is essential for building more robust quantum computers, as it enhances stability against decoherence, a prevalent challenge in quantum systems.

In October 2024, Comstock Inc., a gold and silver mining company based in the United States, acquired Quantum Generative Materials LLC for an undisclosed sum. This acquisition is part of Comstock's strategy to utilize advanced AI technologies to improve material discovery for energy applications, thereby accelerating decarbonization initiatives and enhancing its capacity for innovation to remain competitive in dynamic markets. Quantum Generative Materials LLC, also based in the US, specializes in utilizing cutting-edge technologies in the realm of materials discovery and engineering.

Major companies operating in the superconducting materials market report are Hitachi Ltd., Sumitomo Corporation, Sumitomo Electric Industries Ltd., Toshiba Corporation, NEXANS SA, Fujikura Ltd., LS Cable & System Ltd., Furukawa Electric Co. Ltd., Delft Circuits, evico GmbH, Hyper Tech Research Inc., MetOx Technologies Inc., Super Conductor Materials Inc., Superconductor Technologies Inc., Western Superconducting Technologies Co. Ltd., Hyper Tech Research Inc., SuperPower Inc., Columbus Superconductors S.p.A, Cryomagnetics Inc., Deutsche Nanoschicht GmbH, Japan Superconductor Technology Inc., Super Inc., SuperOx Ceramic Coating GmbH, Scientific Magnetics, Theva Dunnschichttechnik GmbH.

North America was the largest region in the superconducting materials market in 2024. The regions covered in the superconducting materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the superconducting materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The superconducting materials market consists of sales of products such as niobium, lead and mercury. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Superconducting materials are substances that demonstrate zero electrical resistance when cooled below a specific critical temperature. These materials possess the remarkable ability to conduct electric current without any loss of energy attributed to resistance. This unique property enables the highly efficient transmission of electrical power over extended distances, minimizing energy loss during the process.

The primary categories of superconducting materials include low-temperature and high-temperature variants. Low-temperature superconducting materials are characterized by their ability to exhibit superconductivity at temperatures significantly below room temperature. These materials are distributed through diverse sales channels, including direct and indirect methods, and find applications across various end-user sectors such as medical, research and development, nuclear fusion, electronics, transportation, energy, power, and others.

The superconducting materials market research report is one of a series of new reports that provides superconducting materials market statistics, including superconducting materials industry global market size, regional shares, competitors with superconducting materials market share, detailed superconducting materials market segments, market trends, and opportunities, and any further data you may need to thrive in the superconducting materials industry. This superconducting materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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