Superconducting Wire Market Latest Trends, Development, Growth Analysis And Forecast by 2028

According to a research report "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" published by MarketsandMarkets, 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.

Browse 138 market data Tables and 49 Figures spread through 179 Pages and in-depth TOC on "Superconducting Wire Market  - Global Forecast to 2028"

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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.

 

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

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.

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.

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Some of the major players in the superconducting wire market are Sumitomo Electric Industries, Ltd. (Japan), Fujikura Ltd. (Japan), Furukawa Electric Co., Ltd. (Japan), Bruker (US), and American Superconductor (US). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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MarketsandMarkets™ INC.
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Hydrogen Storage Tanks and Transportation Market 2022 New Report Size, Trends, Share, Growth Forecast By 2030

According to a research report “Hydrogen Storage Tanks and Transportation Market by Modular Storage (Fuel Storage, Distribution), Application (Vehicles, Rail, Marine, Stationary Storage, Trailers), Tank Type (Type 1, Type 2, Type 3, Type 4), Pressure and Region – Global Forecast to 2030″ published by MarketsandMarkets, the global hydrogen storage tanks and transportation market is estimated to be valued at USD 174 million in 2022 (estimated year) and is projected to reach USD 4,155 million by 2030 (forecast year); growing at a CAGR of 48.6% during the forecast period.

The hydrogen storage tanks and transportation market has promising growth potential due to the rising deployment and use of biofuel.

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Fixed-bed gasifier segment expected to dominate hydrogen storage tanks and transportation market, by gasifier, during the forecast period

The fixed-bed gasifier segment holds the largest share of the hydrogen storage tanks and transportation market. The large market share can be attributed to the increasing number of deployments of gasifier for small scale applications such as electricity generation and biochar in Asia Pacific and Africa.

Forest waste to witness fastest growth rate in hydrogen storage tanks and transportation market, by source, during forecast period

The hydrogen storage tanks and transportation market, by product, is divided into agricultural waste, forest waste, municipal waste and animal waste, wherein forest waste accounts for the largest share. Municipal waste is second fastest growing segment during the forecast period, the growth is attributed to increase in government initiatives on waste to energy projects.

Asia Pacific to be fastest-growing hydrogen storage tanks and transportation market during forecast period

In this report, the hydrogen storage tanks and transportation market has been analyzed for five regions, namely, Asia Pacific, North America, Europe and Rest of the World (ROW). North America is a significant contributor to the hydrogen storage tanks and transportation market in the current scenario owing to the rapidly increasing cost-competitiveness of storage tank technology, which enable consumers to have access to clean fuel.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of a few of the top players in the hydrogen storage tanks and transportation market.

A few of the key players include Worthington Industries, Inc. (US), Plastic Omnium (France), Hexagon Purus (Norway), Tenaris (US), NPROXX (Germany), and others. The leading players are adopting various strategies to increase their share in the hydrogen storage tanks and transportation market.

The Hydrogen storage tanks and transportation market is dominated by a few major players that have a wide regional presence. The leading players in the hydrogen storage tanks and transportation market are Worthington Industries, Inc. (US), Plastic Omnium (France), Hexagon Purus (Norway), Tenaris (US), NPROXX (Germany).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program manage ment, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit http://www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com