Learn about the global superconductors market through The Business Research Company, which provides information on superconductors market size, superconductors market drivers and restraints, superconductors market players, the COVID-19 impact on the superconductors market, and more.

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The global superconductors market is expected to grow from $4.85 billion in 2020 to $5.37 billion in 2021 at a compound annual growth rate (CAGR) of 10.48%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8.78 billion in 2025 at a CAGR of 13.08%.

The growing demand for MRI machines is expected to drive innovation in superconductors manufacturing, thus driving the market during the forecast period.

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The superconductors market consists of sales of superconductors by entities (organizations, sole traders, and partnerships) that manufacture superconductors. A superconductor is a device that can transmit electricity or transfer electrons from one atom to another without resistance. Only goods and services traded between entities or sold to end consumers are included.

Global superconductors market segments include:

By Type: Type-I Superconductor, Type-II Superconductor

By Material: Stainless Steel, Yttrium Barium Copper Oxide, Bismuth Strontium Calcium Copper Oxide, Others

By Product: Magnets, Cables, Transformers, Energy Storage Devices

By Application: Energy, Electronics, Medical, Research And Development, Industrial, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe was the largest region in the superconductors market in 2020.

Major companies working in the superconductor industry are focused on developing advanced technology solutions for superconductors

TBRC’s superconductor market report covers:

Major Market Players: American Superconductor, Bruker, Furukawa Electric Co. Ltd., Southwire Company LLC., Sumitomo Electric Industries Ltd., Fujikura Ltd., Superconductor Technologies Inc., Cryomagnetics Inc., Deutsche Nanoschicht GmbH, Japan Superconductor Technology Inc., Supercon Inc., SuperOx, Ceraco Ceramic Coating GmbH, Hyper Tech Research Inc., LS Cable & System Ltd., Scientific Magnetics, Theva Dünnschichttechnik GmbH., Toshiba Corporation, Evico Gmbh, Advanced Magnet Lab Inc., Alstom, American Magnetics Inc., ASG Superconductors Spa, Cryoelectra Gmbh, Cryoton Ltd., Eriez Manufacturing Co.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Superconductors Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides superconductors market overviews, analyzes and forecasts market size, share, superconductors market players, superconductors market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s superconductors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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