Market Overview:
The global cryogen free superconducting magnet systems market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cryogen free superconducting magnet systems from various end-use industries, such as the electronic and electrical, automobile industry, aerospace, chemical industry, ships and weapons, universities and other sectors. In addition, the growing demand for these systems from emerging economies is also contributing to the growth of this market.
Product Definition:
An extremely powerful magnet system that does not require cryogenic cooling to maintain superconductivity. This makes them much more reliable and easier to operate than traditional superconducting magnets, making them ideal for use in medical imaging, particle accelerators, and other high-performance applications.
Portable Type:
Portable type is a term used for the equipment that can be transported and placed at desired location without any permanent installation. Portable type of cryogen free superconducting magnet systems are widely used in nuclear magnetic resonance (NMR) imaging, spectroscopy, and other applications. The increasing demand for NMR machines globally is expected to drive the portable NMR market over the forecast period.
The global portable NMR market was valued at USD 552 million in 2015.
Desktop Type:
The desktop type is a device used to measure the magnetic field strength. It has two coils, one of which is connected to an amplifier and the other one to a speaker. The movement of the coil generates sound waves that are audible.
The desktop type was initially developed for measuring magnetic fields in laboratories using superconducting magnets at very high frequencies (8-12 kHz).
Application Insights:
The cryogen free superconducting magnet systems market is segmented on the basis of application into automobiles, aerospace, electronics and electrical equipment industry, chemical industry, ships and weapons. Cryogen-free superconducting magnets are used in various applications including power generation plants for wind energy conversion as well as in MRI scanners. The demand for such products is expected to increase owing to their increasing use in the automotive industry which includes electric vehicles (EVs), hybrid vehicles (HEVs), and fuel cell vehicles (FCVs).
Cryogen-free SUSMs offer benefits such as compact size; low maintenance requirement; high flux density; low eddy current losses; no refrigeration required during transportation or storage resulting in cost reduction compared to conventional liquid helium based cooling systems. These advantages have resulted in increased adoption across a wide range of end-use industries including medical imaging devices like magnetic resonance imaging machines that require extremely cold temperatures for their operation.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing research and development activities in the field of superconductivity coupled with high disposable income and growing investments by governments for advanced technologies. Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing government initiatives for manufacturing cryogenic freezers, which are crucial for space exploration as well as nuclear power generation plants. Moreover, rising demand from various end-use industries such as aerospace & defense, chemical industry is also anticipated to drive regional growth over the forecast period.
The European market was valued at USD X million in 2017 and is projected to witness significant growth during the forecast years on account of presence of major automobile manufacturers along with electronics manufacturers who use these systems across their production facilities due to their superior performance compared to other magnetic refrigeration products available in this sector such as air conditioning systems or fans that consume more energy while operating resulting into higher electricity bills every month.
Growth Factors:
- Increasing demand for MRI machines owing to rising prevalence of chronic diseases
- Growing number of research and development activities in the field of medical imaging
- Rising demand for superconducting magnets from the defense sector
- Technological advancements in cryogen-free magnet systems
- Growing investments by key players in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryogen Free Superconducting Magnet Systems Market Research Report
By Type
Portable Type, Desktop Type
By Application
Electronic and Electrical, Automobile Industry, Aerospace, Chemical Industry, Ships and Weapons, Universities, Other
By Companies
Quantum Design, Janis, Oxford Instrument, Cryo Industries Of America, Bluefors
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Cryogen Free Superconducting Magnet Systems Market Report Segments:
The global Cryogen Free Superconducting Magnet Systems market is segmented on the basis of:
Types
Portable Type, Desktop Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronic and Electrical, Automobile Industry, Aerospace, Chemical Industry, Ships and Weapons, Universities, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Quantum Design
- Janis
- Oxford Instrument
- Cryo Industries Of America
- Bluefors
Highlights of The Cryogen Free Superconducting Magnet Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable Type
- Desktop Type
- By Application:
- Electronic and Electrical
- Automobile Industry
- Aerospace
- Chemical Industry
- Ships and Weapons
- Universities
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cryogen Free Superconducting Magnet Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cryogen free superconducting magnet systems are magnets that use liquid helium as a coolingant. This system is more efficient and less expensive than traditional cryogenic magnet systems.
Some of the major players in the cryogen free superconducting magnet systems market are Quantum Design, Janis, Oxford Instrument, Cryo Industries Of America, Bluefors.
The cryogen free superconducting magnet systems market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cryogen Free Superconducting Magnet Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cryogen Free Superconducting Magnet Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cryogen Free Superconducting Magnet Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cryogen Free Superconducting Magnet Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cryogen Free Superconducting Magnet Systems Market Size & Forecast, 2020-2028
4.5.1 Cryogen Free Superconducting Magnet Systems Market Size and Y-o-Y Growth
4.5.2 Cryogen Free Superconducting Magnet Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Portable Type
5.2.2 Desktop Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electronic and Electrical
6.2.2 Automobile Industry
6.2.3 Aerospace
6.2.4 Chemical Industry
6.2.5 Ships and Weapons
6.2.6 Universities
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cryogen Free Superconducting Magnet Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cryogen Free Superconducting Magnet Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Portable Type
9.6.2 Desktop Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electronic and Electrical
9.10.2 Automobile Industry
9.10.3 Aerospace
9.10.4 Chemical Industry
9.10.5 Ships and Weapons
9.10.6 Universities
9.10.7 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Portable Type
10.6.2 Desktop Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electronic and Electrical
10.10.2 Automobile Industry
10.10.3 Aerospace
10.10.4 Chemical Industry
10.10.5 Ships and Weapons
10.10.6 Universities
10.10.7 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Portable Type
11.6.2 Desktop Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electronic and Electrical
11.10.2 Automobile Industry
11.10.3 Aerospace
11.10.4 Chemical Industry
11.10.5 Ships and Weapons
11.10.6 Universities
11.10.7 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Portable Type
12.6.2 Desktop Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electronic and Electrical
12.10.2 Automobile Industry
12.10.3 Aerospace
12.10.4 Chemical Industry
12.10.5 Ships and Weapons
12.10.6 Universities
12.10.7 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Portable Type
13.6.2 Desktop Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electronic and Electrical
13.10.2 Automobile Industry
13.10.3 Aerospace
13.10.4 Chemical Industry
13.10.5 Ships and Weapons
13.10.6 Universities
13.10.7 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cryogen Free Superconducting Magnet Systems Market: Competitive Dashboard
14.2 Global Cryogen Free Superconducting Magnet Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Quantum Design
14.3.2 Janis
14.3.3 Oxford Instrument
14.3.4 Cryo Industries Of America
14.3.5 Bluefors
