Emerging Applications in Power & Energy and Robust Growth in High-Temperature Superconductors to Drive Superconductors Market to Touch US$16 B by 2030

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A new report from Industry Experts Inc, on "Superconductors Market," is released. According to this global market research report, forecast to be US$8.5 billion in 2024, the global superconductors market size is projected to reach above US$16 billion by 2030, growing at a CAGR of 11.2% between 2024 and 2030.

The growth in the superconductors market is mainly attributed to demand from new emerging applications in power & energy and absolute growth in medical applications. Low-temperature superconducting materials have been in a dominant position in the global superconductors market, occupying a share of 83% in 2024, due to their excellent machining performance and cost advantages. They are widely used in medical equipment and large-scale scientific research projects.

While demand for low-temperature superconductors (LTS) is continued to progress at high single digit rates driven by continued demand from established markets such as medical and scientific research & technology development, demand for high-temperature superconductors (HTS) is anticipated to advance at a faster pace during the forecast period. HTS tapes are already in demand for power grids (used in cables, transformers, and other components) and equipment like NMR spectrometers and MRI machines.


The market for superconductors analyzed in this report on a global basis covering all major regions including North America (The United States and Canada), Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea and Rest of Asia-Pacific) and     Rest of World.

The study analyzes the global market for superconductors with respect to Material Type – Low-Temperature Superconductors (LTS) – Niobium Titanium (NbTi) and Niobium Tin (Nb3Sn) and High-Temperature superconductors (HTS) – BSCCO conductors incorporating Bismuth and cuprates (Bi2Sr2Ca1Cu2OX or B2iSr2Ca2Cu3OX), REBCO conductors (Rare-Earth1Ba2Cu3OX), MgB2 (Magnesium Diboride); Product Type – Superconducting Magnets, Superconducting Cables, Other Electrical Equipment (fault current limiters, transformers, generators, motors, degaussing systems and superconducting magnetic energy storage {SMES} systems etc.) and Electronics & Others (superconducting quantum interference devices {SQUIDs}, sensors and detectors, superconducting quantum processors, superconducting integrated circuit etc.); and Application – Medical Applications (Magnetic Resonance Imaging MRI, Nuclear Magnetic Resonance NMR, proton beam therapy, SQUIDs for detecting magnetic fields in the brain and heart etc.), Scientific Research & Technology Development (high energy physics, fusion energy development, particle accelerators), Power & Energy (power transmission, energy storage, wind turbines etc.), Transportation (levitating {maglev} trains, marine, frictionless bearings etc.), Industrial (magnetic separators, induction heaters, generators etc.) and Other Applications (quantum computing, communications, military/defense etc.).

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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