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[179 Pages Report] The global superconducting wire market is estimated to grow from USD 1.1 billion in 2023 to USD 1.7 billion by 2028. It is expected to record a CAGR of 9.2% during the forecast period. Rising implementation of superconducting wire over conventional wires, and expansion of offshore wind farms using superconducting technologies are the major driving factor for the superconducting wire market.
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Superconducting Wire Market by Type (Low-temperature Superconductor, Medium-temperature Superconductor, High-temperature Superconductor), End User (Energy, Medical, Transportation, Research), Sales Channel and Region - Global Forecast to 2028 www.MarketsandMarkets.com
The global superconducting wire market is projected to reach USD 1.7 billion by 2028 from an estimated USD 1.1 billion in 2023, at a CAGR of 9.2% during the forecast period. A superconducting wire is an electrical wire made of superconductive material to transfer charge with negligible resistance. Superconductivity is the property of certain materials to conduct electricity without energy loss when they are cooled below a critical temperature. The reduction in energy loss during conduction has led to the commercialization of superconducting wires. Factors such as growing demand for Superconductor-based magnetic resonance imaging (MRI) Systems, rising implementation of superconducting wire over conventional wires, and expansion of offshore wind farms using superconducting technologies are driving the growth of the superconducting wire market. View detailed Table of Content here –https://www.marketsandmarkets.com/Market-Reports/superconducting-wire-market-226116096.html
The High-temperature superconductor, by type, is expected to grow at the highest CAGR during the forecast period. Based on type, the superconducting wire market has been split low-temperature superconductor, medium-temperature superconductor, and high-temperature superconductor. High-temperature superconductor is expected to grow at the highest CAGR during the forecast period. Expansion of offshore wind farms using superconducting technologies is expected to drive the market for high-temperature superconductor segment Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=226116096
Direct segment, by sales channel , is expected to be largest segment during the forecast period This report segments the superconducting wire market based on sales channel into two segments: direct, and indirect. Direct segment is expected to be the largest segment during the forecast period. As superconducting wire market is very niche market, most companies prefer a direct-to-consumer approach, which is expected to be the driving force for direct sales of superconducting wires.
Browse >> 290 market data tables 59 figures 267 pagesand in-depth TOC on “Superconducting Wire Market - Global Forecast to 2028” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $4950 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
Asia Pacific is expected to be the fastest-growing region in the superconducting wire market Asia Pacific is expected to be the fastest-growing superconducting wire market during the forecast period. The increasing spending on energy and transportation infrastructure development in countries such as China, Japan, and South Korea is fueling the growth of the Asia Pacific superconducting wire market. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=226116096
Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Superconducting Wire Market. These include • Sumitomo Electric Industries, Ltd. (Japan), • Fujikura Ltd. (Japan), • Furukawa Electric Co., Ltd. (Japan), • Bruker (US), • American Superconductor (US) among others... • Buy Now : - https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=226116096
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