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