London, 4 August 2015: Technavio, the independent tech-focused global research firm, has published a report on the global superconductor market 2015-2019, which is expected to grow at a CAGR of 3.64% during the forecast period of 2014-2019.
Increasing applicability of superconductors and superconductor magnets in application such as MRIs, NMR spectroscopies, SQUID sensors for RTD, transformers, motors, generators, power cables, X-ray detectors, microwave detectors, and high-frequency sensor coils for NMR are expected to boost growth in this market. The rise in demand for MRI systems worldwide is expected to boost the demand for superconductors as it is an integral part of these systems.
“Because of its inherent qualities — ultra-high magnetic field sensitivity and low signal amplification — HTS SQUIDs are used for detecting mines and submarines. Superconductor wires and tapes are used in small motors for navy ships,” says Faisal Ghaus, Vice President of Technavio.
“The military uses superconducting tape to reduce the length of very low frequency antennas on submarines. Superconductors can also be deployed in electromagnetic bombs, which use strong superconductor magnetic fields to disable electronic equipment.”
Key Market Drivers:
- Demand for Advanced Power Grid Infrastructure
- High Demand for Superconductor-Enabled MRI Equipment
- Awareness about Advantages of Superconductors
Key Market Trends:
- High Adoption of SMES Systems
- Adoption of Superconductors in Military Applications
- Emergence of Maglev Train
Key Market Vendors:
- American Superconductor Corp.
- Bruker Corp.
- Southwire Co.
- Sumitomo Electric Industries Ltd.
- SuperPower Inc.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
