The global superconducting
wire market is projected to grow at a CAGR of 9.6% from 2016 to 2021.
Europe is estimated to be the largest market, followed by North America. This
trend is expected to continue till 2021. The growth of the superconducting wire
is driven by growing demand for superconductor-based MRI systems and
advancement in computer chip design technology. Synergies of high voltage
transmission application and high efficiencies will increase the demand for
superconductor cables and other auxiliary electrical equipment based on
superconductor technology.
Browse 68 market data tables and 40 figures
spread through 125 pages and in-depth TOC on “Superconducting Wire Market
by Type (High Temperature Superconductors (First Generation and Second
Generation), Low and Medium Temperature Superconductors), Application (Energy,
Medical, Industry, Research), and Region - Global Forecast to 2021"
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The superconducting wire market is dominated by a few
global players. Key players operating in the market are American Superconductor
Corporation (U.S.), Bruker Corporation (U.S.), Furukawa Electric Co., Ltd.
(Japan), Fujikura Ltd. (Japan), and Superconductor Technologies Inc. (U.S.).
The target audience of this report includes:
·
Government and Industry Associations
·
Superconducting Devices Manufacturing Companies
·
Investment and Consulting Firms
·
Process and Manufacturing Plants
·
State and National Regulatory Authorities
·
State or Government-Owned Corporations
Major strategies adopted by the players include contracts
& agreements, new product & technology launch, expansion, and mergers
& acquisitions. Contracts & agreements was the most commonly adopted
strategy from 2013 to 2016. Industry players also adopted new product &
technology development, which was the second most widely followed strategy,
during the same period.
American
Superconductor Corporation (AMSC) is a provider of wind power technology
and power grid technology solutions. The company operates its business through
two segments: wind and grid. It operates its grid segment through its Gridtec
Solutions brand, which enables the electric utilities and renewable energy
project developers to connect, transmit, and distribute power with efficiency,
reliability, and affordability. The company also participates in sales of ship
protection products to the US Navy. High-temperature superconductor (HTS) wire
and superconducting devices are offered in this segment. The company operates
in Asia-Pacific, Europe, and North America through its 20 incorporated
subsidiaries which include AMSC Australia Pty Ltd, AMSC India Private Limited,
AMSC Austria GmbH, AMSC United Kingdom Limited, ASC Devens LLC, ASC Securities,
Superconductivity, Inc., and American Superconductor Korea Co., Ltd to name a
few. In August 2016, American Superconductor Corporation (AMSC) and Nexans S.A.
(France) went into Joint Marketing and Sales Agreement for AMSC's Resilient
Electric Grid (REG) system, as well as other high-performance superconductor
power cables, to address the U.S. and Canadian markets. As part of the
agreement, AMSC and Nexans collaborated to jointly develop and deliver these
projects with existing and potential electric utility customers in the U.S. and
Canada.
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Superconductor
Technologies, Inc. (STI) develops and commercializes high-temperature
superconductor materials. It develops and commercializes high-temperature
superconductor materials and related technologies. In addition, it is involved
in developing superconducting wires such as Conductus, which enables device
manufacturers to reduce the number of wires necessary per device. Its Conductus
wire product development is focused on markets where HTS wire are recognized by
the industry. Its initial product roadmap targets approximately three
applications: superconducting transmission cable, superconducting fault current
limiters (SFCL), and magnets.
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