Superconducting wires are of two types, high-temperature superconducting wires, and low-temperature superconducting wires, based on the temperature at which the conductor/wire needs to be cooled to make it a superconductor.
These wires, when cooled underneath their transition temperature benefit the capacity to hold energy indefinitely without any resistance or loss of power and zero power dissipation with better contemporary density in comparison to copper or aluminum wires. Because of its properties, superconducting twine unearths its software in clinical enterprise, electrical and electronics enterprise, navy, and defense.
Superconducting wires also are utilized in transformers, power garage gadgets, and smart grids in addition to electric vehicles. Superconductivity is a phenomenon exhibited using superconductors, wherein the fabric famous no electric resistance under a sure cryogenic temperature. Superconducting wires are crafted from superconducting substances of several kinds.
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Whereas, one of the major applications of superconducting wire is in superconducting magnet, which is mainly used in medicine as well as in scientific equipment in which there is a need for a high magnetic field. Superconductor magnets are extensively used in MRI/NMR (magnetic resonance imaging) machines. It is also used in particle accelerators as beam steering magnets and in mass spectrometers.
The high-temperature superconducting wire is made up of superconducting material with high critical temperatures (high superconductivity) such as YBCO and BSCCO. The high-temperature superconducting wire can achieve the superconducting state at a temperature of 77K, which can be attained using inexpensive liquid nitrogen.
However, low-temperature superconducting wires require a temperature as low as 4 K to achieve superconductivity, which can be easily attained with the use of liquid helium. Low-temperature superconducting wires are more successful in commercial use. Clinical MRI is one of the major commercial applications of superconductivity and remains the major market today.
Superconducting Wire Market: Dynamics
The market for superconducting wires is expected to rise significantly due to the increasing demand for superconductors in computer chip design technology in the electronics industry and MRI systems in medical applications. Moreover, advancements in the medical field and significant demand for highly efficient electric motors will have a positive impact on the superconducting wire market.
Also, increasing demand for semiconducting wires in many end-use applications such as MRI, particle accelerator, and mass spectrometer will boost the market in the forecast period. However, a lack of acceptance concerning reliability and high cost will hamper the market growth. Also, the volatility in the prices of raw materials such as yttrium will act as a restraint to the growth of the superconducting wire market.
Superconducting Wire Market: Regional Outlook
Europe holds a significant share in the global Superconducting Wire Market in terms of demand. The Superconducting Wire Market in North America is expected to grow at a substantial rate over the forecast period.
In Asia-Pacific, the development of smart cities with strict energy-efficiency standards will bolster the superconducting wire market. Market in the rest of the world is estimated to account for a relatively small sharetop tof global Superconducting Wire Market.
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Superconducting Wire Market: Market Participants
Some of the examples of the market participants in the global superconducting wire market, identified across the value chain are:
- Fujikura Ltd. (Japan)
- American Superconductor Corporation (U.S.),
- Bruker Corporation (U.S.)
- Superconductor Technologies Inc. (U.S.)
- Furukawa Electric Co., Ltd. (Japan)
- Japan Superconductor Technology, Inc.
- Sumitomo Electric Industries, Ltd.
- Supercon Inc.
- Superox
- Theva Dünnschichttechnik GmbH
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product, and applications.
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