Sep 8 2015
Research and Markets has announced the addition of the "Global Superconductor Market 2015-2019" report to their offering.
The analysts forecast the global superconductor market to grow at a CAGR of 3.64% over the period 2014-2019.
The report categorizes the market based on technology, such as low-temperature superconductors (LTS) and high-temperature superconductors (HTS). The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global superconductor market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.The report covers the present scenario and the growth prospects of the global superconductor market for the period 2015-2019.
The market has been witnessing an adoption of superconductors in SMES systems and military applications. SMES systems are used as short-term power devices, designed to control fluctuations within a power system. The military uses superconducting tape to reduce the length of very low frequency antennas on submarines. The emergence of the Maglev levitation train will also support market growth in the forecast period.
According to the report, the demand for advanced power grid infrastructure has been a major driver for the global superconductor market. Also, at present, high-field magnets with zero DC resistance and high current density are used in RTD and some biomedical applications (e.g., MRI), and when coupled with the increased awareness of the advantages of superconductors, their demand will go up.
Further, the report states that the Cooling systems are needed to enable material to enter the superconducting state. For instance, liquid helium is used to help lower temperatures, and it is an expensive coolant. The increase in competition among vendors and fluctuations in the global economy are the other challenges faced by manufacturers in the global superconductor market.
Based on application, the market is categorized into four: MRI, RTD, large-scale, and electronics.
Key Vendors
- American Superconductor
- Bruker
- Southwire
- Sumitomo Electric
- SuperPower
Other Prominent Vendors
- ASG
- Evico
- Furukawa Electric
- Hyper Tech
- Japan Superconductor
- LS Cable
- Oxford Instruments
- Superconductor Technologies
- Zenergy Power
For more information visit http://www.researchandmarkets.com/research/gqbvkb/global
Source: http://www.researchandmarkets.com/