Superconducting Wire Comprehensive Study
Saurabh More
Senior Research Analyst @ AMA Research & Media | Business Insights, Market Segmentation
About Superconducting Wire
Superconducting wires manufactured from materials such as stainless steel, yttrium barium copper oxide, bismuth strontium calcium copper oxide, to meet the needs of a wide variety of conductor applications in cryogenic environments for medical, pharmaceutical, scientific, aerospace and other industries. A low and high-temperature superconducting wire is capable of conducting more electrical current than copper wire of the same dimension, which vividly decreases the size and weight of the equipment while providing considerably greater power throughput and efficiency. A high-performance wire is offered in numerous configurations, round and rectangular cross-sections, ribbons, and tapes including variations in width, substrate thickness, and copper stabilizer. The superconducting wires can have a variety of insulations depending on the application and magnet design.
Leading key players of superconducting wire are focusing on strategic partnerships to improve their products and services along with focusing on increasing their client base to strengthen market position. Analyst at AMA Research estimates that Japanese Manufacturers will contribute the maximum growth to Global Superconducting Wire market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.American Superconductor Corporation (United States), Bruker Corporation (United States), Furukawa Electric Co., Ltd. (Japan), Fujikura Ltd. (Japan), Superconductor Technologies Inc. (United States), Japan Superconductor Technology, Inc. (Japan), Sumitomo Electric Industries, Ltd. (Japan), Supercon Inc. (United States), Superox (Russia) and Theva Dünnschichttechnik GmbH (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Superconducting Wire market by Type (Low-Temperature Superconducting Wires, Medium-Temperature Superconducting Wires and High-Temperature Superconducting Wires [First Generation HT Superconducting Wire, Second Generation HT Superconducting Wire]), Application (Particle Accelerator, Magnetic Resonance Imaging, Electric Motors and Other) and Region.On the basis of geography, the market of Superconducting Wire has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Superconducting Wire market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Stainless Steel will boost the Superconducting Wire market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Railway Industry will boost the Superconducting Wire market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Interactions of H.V. Transmission Application and High Efficiencies
Market Growth Drivers:
Increasing Demand from Electronics Industry for Superconductors in Computer Chip Design Technology and Rising Demand for Superconductor Based MRI System
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Challenges:
High Superconductors Manufacturing Cost
Restraints:
Absence of Acceptance With Respect to Reliability and Volatility in Raw Materials Prices
Opportunities:
High Growth Opportunities in Transportation and Industrial Processing
Key Target Audience
Manufacturers of Superconducting Wire, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Superconducting Wire, Electronic Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.