Superconductors Market Worth $8,564.61 Million, Globally, by 2028 at 8.4% CAGR - Exclusive Report by The Insight Partners

The global superconductors market research report provides deep dive regional and country level analysis of 18+ countries across 5 key regions, 50+ key company profiles, detailed SWOT and PEST analysis, in-depth market segmentation and industry landscape to provide latest market initiatives and competitive landscape, impact of COVID-19 pandemic on ecosystem.

New York, June 24, 2022 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on “Superconductors Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Low Temperature Superconductors and High Temperature Superconductors) and Application (Medical, Electronics, Defense & Military, and Others)”, the global superconductors market is projected to reach US$ 8,564.61 million by 2028 from US$ 5,286.26 million in 2022; it is expected to grow at a CAGR of 8.4% from 2022 to 2028.

Request Sample PDF Brochure of Superconductors Market Size - COVID-19 Impact and Global Analysis with Strategic Developments at:

Superconductors Market Report Scope & Strategic Insights:

Report Coverage Details
Market Size Value in US$ 5,286.26 million in 2022
Market Size Value by US$ 8,564.61 million by 2028
Growth rate CAGR of 8.4% from 2022 to 2028.
Forecast Period 2022-2028
Base Year 2022
No. of Pages 165
No. Tables 56
No. of Charts & Figures 77
Historical data available Yes
Segments covered Type and Application
Regional scope North America; Europe; Asia Pacific; Latin America; MEA
Country scope US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Superconductors Market: Competitive Landscape and Key Developments
Bruker Corporation, Furukawa Electric Co. Ltd.; American Superconductor Corporation; Sumitomo Electric Industries, Ltd.; and Hitachi Ltd. are a few key superconductors market players. In addition, several other important market players in the superconductors market were studied and analyzed to get a holistic view of the global superconductors market size and its ecosystem.

Inquiry Before Purchase:

In 2022, Cryomagnetics designed and produced the six 5 Tesla recondensing magnets that comprise the Differential Pumping Section (DPS), as well as the "Pinch" and "Detector" magnets for this groundbreaking experiment.

In 2022, Hitachi has developed a 1.1-m-diameter magnesium diboride (MgB2) superconducting magnet that can rapidly generate a magnetic field space as required for magnetic resonance imaging (MRI) examinations and has demonstrated that MRI imaging of the head region can begin in 10 minutes from a zero-field state, compared to 1 to 2 hours using conventional equipment.

The term superconductor refers to those materials that conduct electricity without resistance. These can carry power for a continuous period without losing any energy. Critical magnetic field, heat capacity, critical temperature, and critical current density are all physical parameters of superconducting materials. Depending on the type of superconducting material, these qualities may differ. However, qualities like resistivity are not affected by the substance. The medical business has been changed by introducing magnetic resonance imaging (MRI) equipment that uses superconducting materials. Other industries that have benefited considerably from superconductors include transportation, military, electronics, and power utilities. Growing applications of superconductors will assist in boosting the penetration rate of same, and thus fueling the superconductors market size.

Have a question? Speak to Research Analyst:

Because of the growing medical industry, the demand for superconducting materials is expected to increase significantly during the forecast period. Superconductors have a wide range of applications in MRI technology. This technological trend is projected to continue beyond the forecast period, indicating that the market for superconducting materials is promising. In addition, one of the primary reasons driving the superconductors market growth is the rising need for highly efficient electric motors.

Superconductors Market: Impact of COVID-19
The COVID-19 pandemic negatively hampered the superconductors market share in an overall semiconductor industry due to considerable disruption in the supply chain activities and several countries sealing off their international trade in the wake of the pandemic. Due to the pandemic, various industries were declining in 2020. The lockdowns impacted the global manufacturing sectors. The worldwide lockdown to minimize the transmission of the virus has significantly disrupted the supply chain activities and reduced the production of commodities, goods, and services. Further, there were restrictions on foreign trades due to the closure of international borders, non-operational distribution channels, and various government norms to take precautionary measures for public health and safety.

Avail Lucrative DISCOUNTS on “Superconductors Market” Research Study:

Since the beginning of the COVID-19 outbreak, the superconductors market has impacted the manufacturing component of superconductors globally. Moreover, this outbreak severely hampered the shipping & marine industries as their workforces were shut down for safety and to prevent the spread of COVID-19. Companies operating in the superconductors market had to make tough choices in the supply chain during the pandemic and post-pandemic recovery period. Since some companies regulating in superconductors market were severely impacted, this further resulted in a marginally adverse effect on the superconductors market growth.

Superconductors Market: Application Overview
Based on the application, the superconductors market is segmented into medical, electronics, military & defense, and others. The medical sector led the application segment in the superconductors market in 2021 and is expected to grow at the fastest CAGR during the forecast period in the superconductors market share. Magnetic Resonance Imaging (MRI) in strong magnetic fields, where 1.5 to 3T (7T for research) high-field-homogeneity superconducting magnets are used, and the passive, non-invasive measurement, mapping, and evaluation of extremely weak bio magnetic fields, which originate from various organs in humans and animals, are the two most common applications of superconductivity in medicine. Highly sensitive SQUIDs (Superconducting Quantum Interference Devices) can be used as detectors to measure such fields.

Directly Purchase Premium Copy of Superconductors Market Growth Report (2022-2028) at:

In modern medical technology, superconductivity is becoming increasingly relevant. Compact superconducting cyclotrons are gaining traction as effective tools for protons and carbon ions external beam therapy, as well as cost and size reductions in isotope manufacturing. Isocentric gantries with superconducting magnets are smaller and lighter than conventional gantries. Superconducting magnets have been critical for the effective clinical use of magnetic resonance imaging in diagnostic imaging.

Browse Adjoining Reports:
Superconducting Wire Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Low and Medium Temperature Superconductors, High Temperature Superconductors); Application (Medical, Research, Energy, Industry, Others) and Geography

High Temperature Superconductor Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (First Generation HT Superconductors, Second Generation HT Superconductors); Application (Power Cable, Transformer, Fault Current Limiter, Others); End-user (Energy, Research, Medical, Industrial, Others) and Geography

Semiconductor Metrology and Inspection Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Wafer Inspection System, Mask Inspection System, and Thin Film Metrology), Technology (Optical and E-Beam), and Organization Size (Large Enterprises and SMEs)

Semiconductor Laser Therapeutic Instrument Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Desk Type, Portable Type, Others); End User (Hospitals, Dental Clinics, Others)

Power Semiconductor Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Component (Power Module and Power Discrete); Product (Thyristor/Diode, Power MOSFET, and Rectifier); Application (Automotive, Consumer Electronics, IT & Telecommunication, Military & Aerospace, Energy & Power, and Industries); and Geography

RF Power Semiconductor Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Application, Material Type and End-use

Automotive Power Semiconductor Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Power Discrete, Power Modue, Power Integrated Circuits (ICS)); Application (Powertrain and Chassis, Body Electronics, Safety and Security, Infotainment and Telematics); Vehicle Type (Passenger Car, LCV, HCV) and Geography

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Press Release: