TechNavio recognizes the following companies as the key players in Global Superconductor Market: American Superconductor Corp., Bruker Corp., Southwire Co., Sumitomo Electric Industries Ltd., and SuperPower Inc.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends emerging in the Global Superconductor market is the increasing demand for superconducting MRI equipment. Several factors such as the increase in the number of patients and rising incidences of neurological, oncological, and cardiac diseases across the globe have resulted in the wider adoption of superconducting MRI equipment. Specialized medical professionals constantly upgrade their medical equipment to provide effective diagnosis treatment to their patients. As superconducting MRI equipment produces improved image quality, crucial in the diagnosis of brain injuries and stroke, there has been an increased adoption of such equipment among medical professionals. Further, the increasing need for effective diagnosis is driving the adoption of superconducting MRI equipment in large hospitals, big government institutions, and large diagnostic centers. Thus, the adoption rate of superconducting MRI systems is expected to increase due to their high imaging quality and cost-effectiveness.”
According to the report, the growth of the Global Superconductor market is driven by several factors, the most important of which is the increasing demand for advanced power grid infrastructure. The increasing demand for electricity and high transmission loss in the power grid has been driving the adoption of superconductors in the power grid infrastructure.
Further, the report states that although the Global Superconductor market is being driven by several factors, it has also been witnessing the presence of severe challenges. One such challenge in this market is the high cost of superconductor cooling systems. The development and deployment of superconductors require cooling systems such as cryo-coolers, and as these cryo-coolers are very costly, it adds to their total cost of production, leading to reduced adoption of superconductors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-superconductor-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Superconductor Market 2014-2018
