There are a number of materials and gases which are utilized for their superconductive properties at lower temperature. These materials exhibit high conductivity with very low resistance for flow of current and the conductivity increases with a decrease in temperature. During the initial years, the materials found were indicating superconductive properties at temperature lesser than 30K (or -243.15°C or -405.67°F) whereas the materials exhibiting superconductivity at temperature higher than that were termed as high temperature superconducting materials. High cost and temperature constraints of these materials have restricted the market applications and magnetic resonance imaging (MRI) is the largest consumer segment for superconductor materials.
This study is aimed at understanding the global superconductor materials market with in-depth analysis of market size information and market trends along with the factors and parameters impacting it in both short and long term. The study also understands and covers the competitive scenario of the market with respect to major players with their branding strategies and differentiating factors among others. The study also covers supply and regulatory aspects to ensures a 360° view, bringing out the complete key insights of the industry.
Asia Pacific is the largest regional market for superconductor materials with low labor cost and high raw material availability, followed by Europe and North America. Expected decline in market prices coupled with innovation leading to easing working conditions are expected to boost the market growth for superconductor materials during the next 5 years. According to Infoholic Research, the global superconducting materials market is expected to grow at a CAGR of 17.2% during the forecast period to reach $1.55 billion by 2022. Some of the prominent players in the global superconducting materials market are Superconductor Technologies, Inc. (STI), Hyper Tech Research, Inc., Hitachi Ltd., and Superpower Inc.
- Low Temperature Superconductors (LTS)
- High Temperature Superconductors (HTS)
- Research & Development
- Others (such as Medical Equipment, Aerospace)
- Asia Pacific
- North America
- Rest of the World
- Industry outlook: market trends and drivers, restraints, and opportunities