Superconducting Wire Market Research Report – Global Forecast till 2027

Superconducting Wire Market Research Report: Information by Type (High Temperature, Low and Medium Temperature), Application (Energy, Medical, Industry, and Research), and Region – Global Forecast till 2027

ID: MRFR/E&P/5838-HCR | February 2021 | Region: Global | 111 pages

Please note that the assessment period of the report has been updated from 2018-2023 to 2020-2027. Cordially fill Sample form for the updated data.

Market Scenario


Superconducting wire is composed of superconductors such as niobium-titanium. It displays zero electrical resistance when cooled below its transition temperature. Currently, high temperature superconductors such as yttrium barium copper oxide (YBCO) tend to offer greater advantages over copper and aluminum such as higher maximum current densities and zero power dissipation. Superconducting wires are also used in transformers, in power storage devices, smart grid as well as in electric motors. Superconducting wires are of two types, high-temperature superconducting wires and low-temperature superconducting wires, based on temperature at which the conductor needs to be cooled to make it a superconductor.


Growing demand for superconductor-based MRI system and advancement in computer chip designing technology leading to higher demand for superconductors are the major drivers for the growth of the global superconducting wire market. Moreover, these superconducting power transmission cables are compact and can transmit a large amount of electric power. Superconducting wires can be used for various applications including high field magnet applications and nuclear magnetic resonance (NMR) & magnetic resonance imaging (MRI) magnets. Also, computer chip designing technology of which superconducting wire is an integral part is also witnessing some major technological advancement.


The global Superconducting Wire market is projected to grow at a high rate during the forecast period as many projects related to superconducting wires are going across globe. For instance, The South Korean Electric company has ordered over 3000km of wire from American superconductor and has used it to build a 10km line running into the suburbs of Seoul. There is great potential in the emerging superconductor for various practical applications areas such as magnetic resonance imaging (MRI), fault current limiters, power cables, motors, generators, magnetic separators, transformers.


The global Superconducting Wire market is projected to grow at a high rate during the forecast period, due to various activities going on in the field of superconductivity. There are several research projects based on superconductors, which are underway, in the universities such as University of Houston, and Massachusetts Institute of Technology in the US which have made several breakthroughs in superconductor technologies for medical, energy, and industrial applications.


Global Superconducting Wire market has been segmented based on connectivity, type, application, and region. Based on type, the market is classified into high temperature superconductors and low & medium temperature superconductors. High temperature superconducting wire segment is expected to dominate the superconducting wire market owing to increased use of these types of wires in medical, industrial processing, research, and electronics.   


The global Superconducting Wire market is expected to grow at ~9.80% CAGR during the forecast period.


Market Segmentation


Superconducting Wire Market


Global Superconducting Wire Market


Global superconducting wire market is expected to witness substantial growth during the forecast period. The superconducting wires are used in advanced utility cables, motors, and power applications. Several conducting wire developments including general announcements, new product launches, and acquisitions have taken place in recent year, especially in the Asia-Pacific region. The major manufactueres including Sumitomo Electric Industries, Furukawa Electric, American Superconductor Corporation, Fujikura, and SuNam. Moreover, the major countries in the superconducting market are Japan and South Korea.  


Key Players


The key players of global superconducting wire market are American Superconductor Corporation, Fujikura Ltd., Furukawa Electric Co., Ltd., Superconductor Technologies Inc., Bruker Corporation, Eaton, Sumitomo Electric Industries, Superox, Theva Dunnschichttechnik GmbH, Japan Superconductor, Phoenix Contact, and Fuji Electric, among others



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   9.80% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   American Superconductor Corporation, Fujikura Ltd., Furukawa Electric Co., Ltd., Superconductor Technologies Inc., Bruker Corporation, Eaton, Sumitomo Electric Industries, Superox, Theva Dunnschichttechnik GmbH, Japan Superconductor, Phoenix Contact, and Fuji Electric
  Key Market Opportunities   Technological advancement
  Key Market Drivers

  • Rising investments in activities in the field of superconductivity
  • Growing demand for superconductor-based MRI system


  • Frequently Asked Questions (FAQ) :


    The superconducting wire market is likely to capitalize on the rising investments in activities in the field of superconductivity.

    The superconducting wire market is expected to mark 9.8% CAGR.

    The segments identified on the basis of type are low & medium temperature superconductors and high temperature superconductors.

    The high temperature superconductor segment is projected to dominate the superconducting wire market.

    The key contributors are American Superconductor Corporation, Furukawa Electric Co., Ltd., Fujikura Ltd., Superconductor Technologies Inc., Eaton, Bruker Corporation, Phoenix Contact, Sumitomo Electric Industries, Theva Dunnschichttechnik GmbH, Superox, Japan Superconductor, and Fuji Electric.

    Table of Contents

    1 Executive Summary

    2 Market Introduction

    2.1 Market Definition

    2.2 Scope of the Study

    2.3 Market Structure

    3 Research Methodology

    3.1 Primary Research

    3.2 Secondary Research

    3.3 Market size Estimation

    3.4 Forecast Model

    3.5 List of Assumptions

    3.6 Limitations of the study

    4 Market Insights

    5 Market Dynamics

    5.1 Introduction

    5.2 Market Drivers

    5.3 Market Restraints

    5.4 Market Opportunities

    5.5 Porter’s Five Forces Analysis

    5.5.1 Threat of New Entrants

    5.5.2 Bargaining Power of Buyers

    5.5.3 Bargaining Power of Suppliers

    5.5.4 Threat of Substitutes

    5.5.5 Intensity of Rivalry

    5.6 Value Chain/Supply Chain Analysis

    6 Global Superconducting Wire Market, By Type

    6.1 Introduction

    6.2 High Temperature Superconductors

    6.2.1 Market Estimates & Forecast, 2020-2027

    6.2.2 Market Estimates & Forecast, By Region, 2020-2027

    6.3 Low and Medium Temperature Superconductors

    6.3.1 Market Estimates & Forecast, 2020-2027

    6.3.2 Market Estimates & Forecast, By Region, 2020-2027

    7 Global Superconducting Wire Market, By Application

    7.1 Introduction

    7.2 Energy

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast, By Region, 2020-2027

    7.3 Medical

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast, By Region, 2020-2027

    7.4 Industry

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast, By Region, 2020-2027

    7.5 Research

    7.5.1 Market Estimates & Forecast, 2020-2027

    7.5.2 Market Estimates & Forecast, By Region, 2020-2027

    8 Global Superconducting Wire Market, By Region

    8.1 Introduction

    8.2 North America

    8.2.1 Market Estimates & Forecast, By Type, 2020-2027

    8.2.2 Market Estimates & Forecast, By Application, 2020-2027

    8.2.3 Market Estimates & Forecast, By Country, 2020-2027

    8.2.4 US

    8.2.4.1 Market Estimates & Forecast, By Type, 2020-2027

    8.2.4.2 Market Estimates & Forecast, By Application, 2020-2027

    8.2.5 Canada

    8.2.5.1 Market Estimates & Forecast, By Type, 2020-2027

    8.2.5.2 Market Estimates & Forecast, By Application, 2020-2027

    8.2.6 Mexico

    8.2.6.1 Market Estimates & Forecast, By Type, 2020-2027

    8.2.6.2 Market Estimates & Forecast, By Application, 2020-2027

    8.3 Europe

    8.3.1 Market Estimates & Forecast, By Type, 2020-2027

    8.3.2 Market Estimates & Forecast, By Application, 2020-2027

    8.3.3 Market Estimates & Forecast, By Country, 2020-2027

    8.3.4 Germany

    8.3.4.1 Market Estimates & Forecast, By Type, 2020-2027

    8.3.4.2 Market Estimates & Forecast, By Application, 2020-2027

    8.3.5 UK

    8.3.5.1 Market Estimates & Forecast, By Type, 2020-2027

    8.3.5.2 Market Estimates & Forecast, By Application, 2020-2027

    8.3.6 France

    8.3.6.1 Market Estimates & Forecast, By Type, 2020-2027

    8.3.6.2 Market Estimates & Forecast, By Application, 2020-2027

    8.3.7 Italy

    8.3.7.1 Market Estimates & Forecast, By Type, 2020-2027

    8.3.7.2 Market Estimates & Forecast, By Application, 2020-2027

    8.3.8 Russia

    8.3.8.1 Market Estimates & Forecast, By Type, 2020-2027

    8.3.8.2 Market Estimates & Forecast, By Application, 2020-2027

    8.3.9 Rest of Europe

    8.3.9.1 Market Estimates & Forecast, By Type, 2020-2027

    8.3.9.2 Market Estimates & Forecast, By Application, 2020-2027

    8.4 Asia-Pacific

    8.4.1 Market Estimates & Forecast, By Type, 2020-2027

    8.4.2 Market Estimates & Forecast, By Application, 2020-2027

    8.4.3 Market Estimates & Forecast, By Function, 2020-2027

    8.4.4 China

    8.4.4.1 Market Estimates & Forecast, By Type, 2020-2027

    8.4.4.2 Market Estimates & Forecast, By Application, 2020-2027

    8.4.5 Japan

    8.4.5.1 Market Estimates & Forecast, By Type, 2020-2027

    8.4.5.2 Market Estimates & Forecast, By Application, 2020-2027

    8.4.6 India

    8.4.6.1 Market Estimates & Forecast, By Type, 2020-2027

    8.4.6.2 Market Estimates & Forecast, By Application, 2020-2027

    8.4.7 South Korea

    8.4.7.1 Market Estimates & Forecast, By Type, 2020-2027

    8.4.7.2 Market Estimates & Forecast, By Application, 2020-2027

    8.4.8 Australia

    8.4.8.1 Market Estimates & Forecast, By Type, 2020-2027

    8.4.8.2 Market Estimates & Forecast, By Application, 2020-2027

    8.4.9 Rest of Asia-Pacific

    8.4.9.1 Market Estimates & Forecast, By Type, 2020-2027

    8.4.9.2 Market Estimates & Forecast, By Application, 2020-2027

    8.5 Rest of the World

    8.5.1 Market Estimates & Forecast, By Type, 2020-2027

    8.5.2 Market Estimates & Forecast, By Application, 2020-2027

    8.5.3 Market Estimates & Forecast, By Country, 2020-2027

    8.5.4 Saudi Arabia

    8.5.4.1 Market Estimates & Forecast, By Type, 2020-2027

    8.5.4.2 Market Estimates & Forecast, By Application, 2020-2027

    8.5.5 South Africa

    8.5.5.1 Market Estimates & Forecast, By Type, 2020-2027

    8.5.5.2 Market Estimates & Forecast, By Application, 2020-2027

    8.5.6 Brazil

    8.5.6.1 Market Estimates & Forecast, By Type, 2020-2027

    8.5.6.2 Market Estimates & Forecast, By Application, 2020-2027

    8.5.7 Others

    8.5.7.1 Market Estimates & Forecast, By Type, 2020-2027

    8.5.7.2 Market Estimates & Forecast, By Application, 2020-2027

    9 Competitive Landscape

    9.1 Competitive Scenario

    9.2 Competitive Benchmarking of the Global Superconducting Wire Market

    9.3 Major Growth Strategy in the Global Superconducting Wire Market

    9.4 Market Share Analysis: Global Superconducting Wire Market

    9.5 Eaton: The Leading Player in terms of Number of Developments in Global Superconducting Wire Market

    9.6 New Product Development in Superconducting Wire Market

    9.7 Mergers & Acquisitions in Superconducting Wire Market

    9.8 Contracts & Agreements in Superconducting Wire Market

    9.9 Expansions & Investments in Superconducting Wire Market

    10 Company Profile

    10.1 American Superconductor Corporation

    10.1.1 Company Overview

    10.1.2 Product/Services Offering

    10.1.3 Financial Overview

    10.1.4 Key Developments

    10.1.5 Strategy

    10.1.6 SWOT Analysis

    10.2 Fujikura Ltd.

    10.2.1 Company Overview

    10.2.2 Product /Services Offering

    10.2.3 Financial Overview

    10.2.4 Key Developments

    10.2.5 Strategy

    10.2.6 SWOT Analysis

    10.3 Furukawa Electric Co.,Ltd.

    10.3.1 Company Overview

    10.3.2 Product /Services Offering

    10.3.3 Financial Overview

    10.3.4 Key Developments

    10.3.5 Strategy

    10.3.6 SWOT Analysis

    10.4 Superconductor Technologies Inc.

    10.4.1 Company Overview

    10.4.2 Product /Services Offering

    10.4.3 Financial Overview

    10.4.4 Key Developments

    10.4.5 Strategy

    10.4.6 SWOT Analysis

    10.5 Bruker Corporation

    10.5.1 Company Overview

    10.5.2 Product /Services Offering

    10.5.3 Financial Overview

    10.5.4 Key Developments

    10.5.5 Strategy

    10.5.6 SWOT Analysis

    10.6 Eaton

    10.6.1 Company Overview

    10.6.2 Product /Services Offering

    10.6.3 Financial Overview

    10.6.4 Key Developments

    10.6.5 Strategy

    10.6.6 SWOT Analysis

    10.7 Sumitomo Electric Industries

    10.7.1 Company Overview

    10.7.2 Product /Services Offering

    10.7.3 Financial Overview

    10.7.4 Key Developments

    10.7.5 Strategy

    10.7.6 SWOT Analysis

    10.8 Superox

    10.8.1 Company Overview

    10.8.2 Product /Services Offering

    10.8.3 Financial Overview

    10.8.4 Key Developments

    10.8.5 Strategy

    10.8.6 SWOT Analysis

    10.9 Theva Dunnschichttechnik GmbH

    10.9.1 Company Overview

    10.9.2 Product /Services Offering

    10.9.3 Financial Overview

    10.9.4 Key Developments

    10.9.5 Strategy

    10.9.6 SWOT Analysis

    10.10 Japan Superconductor

    10.10.1 Company Overview

    10.10.2 Product /Services Offering

    10.10.3 Financial Overview

    10.10.4 Key Developments

    10.10.5 Strategy

    10.10.6 SWOT Analysis

    10.11 Phoenix Contact

    10.11.1 Company Overview

    10.11.2 Product /Services Offering

    10.11.3 Financial Overview

    10.11.4 Key Developments

    10.11.5 Strategy

    10.11.6 SWOT Analysis

    10.12 Fuji Electric

    10.12.1 Company Overview

    10.12.2 Product /Services Offering

    10.12.3 Financial Overview

    10.12.4 Key Developments

    10.12.5 Strategy

    10.12.6 SWOT Analysis


    List of Tables

    Table 1 Global Superconducting Wire Market, By Region, 2020-2027 (USD Million)

    Table 2 North America Superconducting Wire Market, By Country, 2020-2027 (USD Million)

    Table 3 Europe Superconducting Wire Market, By Country, 2020-2027 (USD Million)

    Table 4 Asia-Pacific Superconducting Wire Market, By Country, 2020-2027 (USD Million)

    Table 5 Rest of the World Superconducting Wire Market, By Country, 2020-2027 (USD Million)

    Table 6 Global Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 7 North America Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 8 Europe Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 9 Asia Pacific Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 10 Rest of the World Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 11 Global Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 12 North America Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 13 Europe Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 14 Asia-Pacific Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 15 Rest of the World Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 16 Global Superconducting Wire Market: By Region, 2020-2027 (USD Million)

    Table 17 North America Superconducting Wire Market, By Country, 2020-2027 (USD Million)

    Table 18 North America Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 19 North America Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 20 US Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 21 US Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 22 Canada Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 23 Canada Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 24 Mexico Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 25 Mexico Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 26 Europe Superconducting Wire Market, By Country, 2020-2027 (USD Million)

    Table 27 Europe Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 28 Europe Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 29 Germany Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 30 Germany Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 31 UK Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 32 UK Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 33 France Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 34 France Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 35 Italy Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 36 Italy Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 37 Rest of Europe Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 38 Rest of Europe Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 39 Asia-Pacific Superconducting Wire Market, By Country, 2020-2027 (USD Million)

    Table 40 Asia-Pacific Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 41 Asia-Pacific Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 42 China Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 43 China Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 44 Japan Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 45 Japan Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 46 India Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 47 India Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 48 South Korea Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 49 South Korea Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 50 Australia Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 51 Australia Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 52 Rest of Asia-Pacific Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 53 Rest of Asia-Pacific Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 54 Rest of the World Superconducting Wire Market, By Country, 2020-2027 (USD Million)

    Table 55 Rest of the World Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 56 Rest of the World Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 57 Saudi Arabia Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 58 Saudi Arabia Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 59 South Africa Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 60 South Africa Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 61 Brazil Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 62 Brazil Superconducting Wire Market, By Application, 2020-2027 (USD Million)

    Table 63 Others Superconducting Wire Market, By Type, 2020-2027 (USD Million)

    Table 64 Others Superconducting Wire Market, By Application, 2020-2027 (USD Million)  

    List of Figures

    FIGURE 1 RESEARCH PROCESS OF MRFR

    FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

    FIGURE 3 MARKET DYNAMICS

    FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

    FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

    FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

    FIGURE 7 VALUE CHAIN ANALYSIS

    FIGURE 8 GLOBAL SUPERCONDUCTING WIRE MARKET SHARE, BY TYPE, 2020 (%)

    FIGURE 9 GLOBAL SUPERCONDUCTING WIRE MARKET, BY TYPE, 2020-2027 (USD Million)

    FIGURE 10 GLOBAL SUPERCONDUCTING WIRE MARKET SHARE, BY APPLICATION, 2020 (%)

    FIGURE 11 GLOBAL SUPERCONDUCTING WIRE MARKET, BY APPLICATION, 2020-2027 (USD Million)

    FIGURE 12 GLOBAL SUPERCONDUCTING WIRE MARKET SHARE (%), BY REGION, 2020

    FIGURE 13 GLOBAL SUPERCONDUCTING WIRE MARKET, BY REGION, 2020-2027 (USD Million)

    FIGURE 14 NORTH AMERICA SUPERCONDUCTING WIRE MARKET SHARE (%), 2020

    FIGURE 15 NORTH AMERICA SUPERCONDUCTING WIRE MARKET, BY COUNTRY, 2020-2027 (USD Million)

    FIGURE 16 EUROPE SUPERCONDUCTING WIRE MARKET SHARE (%), 2020

    FIGURE 17 EUROPE SUPERCONDUCTING WIRE MARKET, BY COUNTRY, 2020-2027 (USD Million)

    FIGURE 18 ASIA PACIFIC SUPERCONDUCTING WIRE MARKET SHARE (%), 2020

    FIGURE 19 ASIA PACIFIC SUPERCONDUCTING WIRE MARKET, BY COUNTRY, 2020-2027 (USD Million)

    FIGURE 20 REST OF THE WORLD SUPERCONDUCTING WIRE MARKET SHARE (%), 2020

    FIGURE 21 REST OF THE WORLD SUPERCONDUCTING WIRE MARKET, BY REGION, 2020-2027 (USD Million)