According to IMARC Group’s latest report, titled “Superconducting Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026.’the global Superconducting Materials market grew at a CAGR of around 14% during 2015-2020. Superconducting materials are alloys, or metallic compounds, which facilitate the constant transfer of electric charge without resistance. They can be formulated from various materials like lead, mercury, rhenium, lanthanum, cerium, silicon, uranium, zinc, thorium, and titanium. Semiconducting materials can be classified into high-temperature semiconductors (HTS) and low temperature semiconductors (LTS). They are extensively deployed in power grids, storage devices, magnetic amplification devices, electric motors, and electromagnetic generators.
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The rising utilization of superconducting materials in different verticals, such as defense, healthcare, transportation, science, and research, is propelling the market growth. For instance, nuclear magnetic resonance (NMR) and magnetic resonance imaging (MRI) technologies are widely used in the healthcare industry for diagnosing cardiovascular and musculoskeletal disorders in patients. Moreover, rising investments in research and development, along with the increasing usage of these materials in elevators, fans, pumps, televisions, and air conditioners, are further expected to impel the market growth. Looking forward, IMARC Group expects the global superconducting materials market to exhibit strong growth during the next five years.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape:
- American Superconductor Co.
- Evico GmbH
- Hitachi Ltd.
- Hyper Tech Research Inc.
- Metal Oxide Technologies Inc.
- Siemens AG
- Sumitomo Electric Industries Ltd.
- Superconductor Technologies Inc.
- SuperPower Inc
- The Furukawa Electric Co. Ltd.
- Western Superconducting Technologies Co. Ltd.
Key Market Segmentation:
Breakup by Product Type:
- Low-temperature Superconducting Materials (LTS)
- High-temperature Superconducting Materials (HTS)
Breakup by End Use Industry:
- Medical
- Electronics
- Energy
- Defense
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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