The Global Superconducting Cables Market was valued at USD 294 million in 2020 and it is expected to reach USD 644.9 million by the end of 2027, growing at a CAGR of 12.1% during 2021-2027.
In the forecast period of 2022-2028, the global “Superconducting Cables Market” is expected to grow at a steady rate, according to an Superconducting Cables Market report, which summarizes the key aspects of the market, as well as the leading key players, leading regions, and key applications. The report focuses on both qualitative and quantitative aspects of the market growth over 2022-2028. It contains pages of 114 with detailed analysis, which is followed by a table of contents.
During the COVID-19 period, the global economy may be affected in three different ways: directly as it relates to production and demand, indirectly as it relates to supply chains and markets, and as a result of its financial consequences on firms and financial markets. Analysts monitoring the situation around the world explain that producers will be rewarded after the COVID-19 crisis. In this report, we provide an additional illustration of the latest economic slowdown, COVID-19 impact on the industry, and the latest scenario.
Final Report will add the analysis of the impact of COVID-19 on this industry.
This Superconducting Cables Market report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of the Superconducting Cables Market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified primary sources.
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The research covers the current Rectifiers market size of the market and its growth rates based on 6-year records with a company outline ofKey Players/Manufacturers:
- Furukawa Electric
Superconducting Cables Market Analysis and Insights:
The Global Superconducting Cables Market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2028. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Superconducting power cables act as a bridge between electric energy transmission and distribution. In a superconducting power cable, a superconducting conductor that reaches superconductivity of zero electric resistance below a specific low temperature is used, allowing low-loss transmission of large currents. Superconducting cables with just 20 percent of the thickness of copper cables have an advantage of heightening electric power transmission dimensions a maximum of 10 times (5 times in alternating current, 10 times in direct current) compared to previous cables by using the superconducting phenomenon that electric resistance disappears at -196℃. This means that there is hardly any dissipation of electricity during power transmission. At present, many national research institutions and cable manufacturers are researching and developing this product. The cable market will completely switch to superconducting cables in the future. Many governments are supporting businesses for the commercialization because of the enormous cost of the project. Our data only covers manufacturer revenue from superconducting power cables. Cooling equipment is generally provided by industrial gas manufacturers, so this part of income is not counted.
Global Superconducting Cables key players include Nexans, AMSC, MetOx, Furukawa Electric, STI, etc. Global top five manufacturers hold a share about 50%. United States is the largest market, with a share about 35%, followed by Europe, with a share about 30 percent. In terms of product, YBCO Cables is the largest segment, with a share about 70%. And in terms of application, the largest application is Grid and Smart Grid, followed by Industrial Applications, etc.
Market Analysis and Insights: Global Superconducting Cables Market
The global Superconducting Cables market was valued at USD 294 million in 2020 and it is expected to reach USD 644.9 million by the end of 2027, growing at a CAGR of 12.1% during 2021-2027.
Global Superconducting Cables Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Superconducting Cables Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
The report further studies the market development status and future Superconducting Cables Market trend across the world. Also, it splits Superconducting Cables Market Segmentation by Type and by Application to fully and deeply research and reveal market profile and prospects.
On the basis of product typethis report displays the production, revenue, price, market share and growth rate of each type, primarily split into:
- YBCO Cables
- Bi-2212 Cables
- Bi2223 Cables
On the basis of the end users/applications,this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:
- Grid and Smart Grid
- Industrial Applications
Chapters 7-26 focus on the regional market. We have selected the most representative20 countriesfrom197 countriesin the world and conducted a detailed analysis and overview of the market development of these countries.
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Some of the key questions answered in this report:
- What is the global (North America, Europe, Asia-Pacific, South America, Middle East and Africa) sales value, production value, consumption value, import and export of Superconducting Cables?
- Who are the global key manufacturers of the Superconducting Cables Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Superconducting Cables market opportunities and threats faced by the vendors in the global Superconducting Cables Industry?
- Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
- What focused approach and constraints are holding the Superconducting Cables market?
- What are the different sales, marketing, and distribution channels in the global industry?
- What are the upstream raw materials and manufacturing equipment of Superconducting Cables along with the manufacturing process of Superconducting Cables?
- What are the key market trends impacting the growth of the Superconducting Cables market?
- Economic impact on the Superconducting Cables industry and development trend of the Superconducting Cables industry.
- What are the market opportunities, market risk, and market overview of the Superconducting Cables market?
- What are the key drivers, restraints, opportunities, and challenges of the Superconducting Cables market, and how they are expected to impact the market?
- What is the Superconducting Cables market size at the regional and country-level?
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Major Points from Table of Contents
Global Superconducting Cables Market Research Report 2022-2028, by Manufacturers, Regions, Types and Applications
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)
1.4 Years Considered for the Study (2017-2028)
1.5 Currency Considered (U.S. Dollar)
2 Key Findings of the Study
3 Market Dynamics
3.1 Driving Factors for this Market
3.2 Factors Challenging the Market
3.3 Opportunities of the Global Superconducting Cables Market (Regions, Growing/Emerging Downstream Market Analysis)
3.4 Technological and Market Developments in the Superconducting Cables Market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Market Investment Scenario Strategic Recommendations Analysis
4 Value Chain of the Superconducting Cables Market
4.1 Value Chain Status
4.2 Upstream Raw Material Analysis
4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
4.5 Downstream Major Customer Analysis (by Region)
5 Global Superconducting Cables Market-Segmentation by Type
6 Global Superconducting Cables Market-Segmentation by Application
7 Global Superconducting Cables Market-Segmentation by Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Online Channel
8 Competitive Intelligence Company Profiles
9 Global Superconducting Cables Market-Segmentation by Geography
9.1 North America
9.4 Latin America
9.5 Middle East and Africa
10 Future Forecast of the Global Superconducting Cables Market from 2022-2028
10.1 Future Forecast of the Global Superconducting Cables Market from (2022-2028) Segment by Region
10.2 Global Superconducting Cables Production and Growth Rate Forecast by Type (2022-2028)
10.3 Global Superconducting Cables Consumption and Growth Rate Forecast by Application (2022-2028)
12.2 Research Data Source
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