Global Superconductors Market Trends And Strategies Of Major Players In The Superconductors Market 2021-2030
29 Oct, 2021
The superconductors market consists of sales of superconductors by entities (organizations, sole traders, and partnerships) that manufacture superconductors. A superconductor is a device that can transmit electricity or transfer electrons from one atom to another without resistance. Only goods and services traded between entities or sold to end consumers are included.
Global Superconductors Market Size And Drivers:
The global superconductors market is expected to grow from $4.85 billion in 2020 to $5.37 billion in 2021 at a compound annual growth rate (CAGR) of 10.48%. The market is expected to reach $8.78 billion in 2025 at a CAGR of 13.08%.
The growing demand for MRI machines is expected to drive the growth of the superconductors market in the coming years.
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Trends In The Global Superconductors Market
Magnetic Resonance Imaging (MRI) devices are an example of technology used to improve the precision of the diagnosis of health issues. According to the Health System Tracker, in 2020, the USA has 40.4 MRI machines per million people, considerably more than most comparably rich countries excluding Japan (55.2). Therefore, the growing demand for MRI machines drives the growth of the superconductors market.
Global Superconductors Market Segments:
The global superconductors market is further segmented based on type, material, product, application and geography.
By Type: Type-I Superconductor, Type-II Superconductor.
By Material: Stainless Steel, Yttrium Barium Copper Oxide, Bismuth Strontium Calcium Copper Oxide, Others.
By Product: Magnets, Cables, Transformers, Energy Storage Devices.
By Application: Energy, Electronics, Medical, Research And Development, Industrial, Others.
By Geography: The global superconductors market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Europe is the largest region in the global superconductors market.
Read More On The Report For The Global Superconductors Market At:https://www.thebusinessresearchcompany.com/report/superconductors-global-market-report
Superconductors Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides superconductors market overviews, analyzes and forecasts market size and growth for the global superconductors market, superconductors market share, superconductors market players, superconductors market segments and geographies, superconductors market’s leading competitors’ revenues, profiles and market shares. The superconductors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.