Global Superconductors Strategic Business Report 2023: Search for Innovative Ways to Store Energy & Ensuing Rise in Popularity of Superconducting Magnetic Energy Storage Drives Growth

DUBLIN, June 9, 2023 /PRNewswire/ — The “Superconductors: Global Strategic Business Report” report has been added to’s offering.


The global market for Superconductors estimated at US$8.4 Billion in the year 2022, is projected to reach a revised size of US$17.6 Billion by 2030, growing at a CAGR of 9.6% over the analysis period 2022-2030.

Low & Medium Temperature, one of the segments analyzed in the report, is projected to record 9.2% CAGR and reach US$9.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the High Temperature segment is readjusted to a revised 10.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.5 Billion, While China is Forecast to Grow at 9% CAGR

The Superconductors market in the U.S. is estimated at US$2.5 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2030 trailing a CAGR of 9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.

Select Competitors (Total 23 Featured) –

  • American Superconductor Corporation
  • Bruker Corporation
  • Ceraco Ceramic Coating GmbH
  • Cryomagnetics Inc.
  • Deutsche Nanoschicht GmbH
  • Fujikura Ltd.
  • Furukawa Electric Co. Ltd.
  • Hyper Tech Research Inc.
  • Japan Superconductor Technology Inc.
  • LS Cable & System Ltd.
  • Scientific Magnetics
  • Southwire Company
  • Sumitomo Electric Industries Ltd.
  • Supercon Inc.
  • Superconductor Technologies Inc.
  • SuperOx

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Superconductors: The Greatest Scientific Discovery of the 21st Century
  • Recent Market Activity
  • Steady Growth Projected Over the Next Few Years
  • Market Analysis by Segment
  • Low Temperature Superconductors (LTS): Largest Product Category
  • High Temperature Superconductors (HTS) Fastest Growing Segment
  • Market Analysis by Region
  • Developed Regions: Prime Revenue Contributors
  • Developing Regions: Hot Spots for Future Growth
  • Stable Economic Scenario to Aid Market Expansion
  • Superconductors – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession



  • The Aging and Heavily Burdened Electric Power Infrastructure Welcomes the Emergence of Superconductors
  • Crowded Skies & the Need for Other Rapid Transit Alternatives Drive Interest in Magnetic Levitation Transport
  • Medical Imaging: The Largest Application Area Generating a Major Chunk of Market Revenues
  • Emerging Significance of Biomagnetism As an Alternate Form of Medicine Opens Up a New Application Possibility for Superconductors
  • Robust Investments in Life Sciences and Biotechnology Drives Opportunities for Superconductors in Nuclear Magnetic Resonance Spectroscopy (NMR)
  • Search for Innovative Ways to Store Energy & the Ensuing Rise in Popularity of Superconducting Magnetic Energy Storage Drives Growth in the Market
  • Superconductors Make a Sizable Impact on the Electrical Equipment Market
  • Electric Motors
  • Fault Current Limiters (FCLs)
  • Generators
  • Tapping into the Electrodynamics of Superconductors Marks the Emergence of Superconducting Electronics
  • Superconducting Spintronics Gets a Headstart
  • Global Focus on Innovation through R&D Provides a Lucrative Platform for the Development & Commercialization of Superconductors
  • Pushing the Frontiers of Human Knowledge: A Peek into the Most Recent Innovations in Superconducting Materials Made by Scientific Research Facilities Worldwide




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