Market Overview:
The global high temperature superconducting (HTS) power cables market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for HTS power cables in grid and smart grid applications, and industrial applications. In addition, the growing demand for HTS power cables from emerging economies such as China and India is also contributing to the growth of this market. The global high temperature superconducting (HTS) power cables market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into YBCO cables, Bi-2212 Cables, Bi2223 Cables,, and others. The YBCO cable segment is expected to account for a major share of this market during the forecast period owing to its superior properties such as low electrical resistance and thermal conductivity.Ontheregionalscale,.
 Power Cables Industry Outlook.svg)
Product Definition:
High Temperature Superconducting (HTS) Power Cables are special cables that can carry large amounts of electricity without losing any energy to heat. This makes them perfect for transmitting power over long distances, such as from a power plant to a city. The importance of High Temperature Superconducting (HTS) Power Cables is that they can help reduce energy costs and greenhouse gas emissions by making the transmission of electricity more efficient.
YBCO Cables:
Yttrium Aluminum Garnet (YAG) cables are high temperature superconducting power cables that use a copper-silver alloy as an electrical conductor. The main advantage of using YBCO over the traditional copper cable is that the former can operate at higher temperatures. These high temperature superconducting (HTS) power cables have applications in particle physics, nuclear magnetic resonance, and other related fields.
Bi-2212 Cables:
Bi-2212 is a type of superconductor cable used in high temperature superconducting (HTS) power cables. It has 22AWG solid copper wire, with a diameter of 12mm and length of 100m. Bi-2212 cable can carry up to 800W electrical load at the frequency range of 0.1 to 200 kHz without any loss in performance as compared to the conventional cables.
Application Insights:
The grid and smart grid segment dominated the global market in 2017. This can be attributed to the growing demand for clean energy owing to rising environmental concerns coupled with government initiatives aimed at increasing electricity generation. The deployment of large-scale solar photovoltaic (PV) panels and wind turbines has led to an increase in power demand, which is expected to boost product demand over the forecast period.
The industrial applications segment is projected to witness significant growth over the forecast period owing to a rise in manufacturing activities across various industries including automotive and aerospace. HTS conductors are used as replacements for copper conductors on account of their ability withstand high temperatures without suffering any damage or failure resulting from exposure against high heat dissipation rates during normal operation of equipment such as furnaces, boilers or reactors that use magnetic materials as heating elements among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives for promoting investments in renewable energy and smart grid sectors. For instance, China has planned to build a national high temperature superconducting power cable industry with an investment of USD X million by 2020.
The European market was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing to growing demand for clean energy sources along with technological advancements in existing power generation infrastructure. In addition, rising adoption of HTS cables across industries such as healthcare, transportation & logistics, oil & gas will drive the regional market growth over the forecast period.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries is expected to drive the market for HTS power cables.
- Rapid urbanization and the development of smart cities are also expected to create opportunities for the market growth.
- Growing investments in renewable energy sources such as wind and solar are likely to boost the demand for HTS power cables over the forecast period.
- The increasing use of electric vehicles is also anticipated to fuel the demand for HTS power cables in coming years.
- Technological advancements and innovations are likely to provide new opportunities for market growth over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
High Temperature Superconducting (HTS) Power Cables Market Research Report
By Type
YBCO Cables, Bi-2212 Cables, Bi2223 Cables, Others
By Application
Grid and Smart Grid, Industrial Applications, Others
By Companies
Nexans, Furukawa Electric, SHSC, LS Cable & System, NKT, FGC UES
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global High Temperature Superconducting (HTS) Power Cables Market Report Segments:
The global High Temperature Superconducting (HTS) Power Cables market is segmented on the basis of:
Types
YBCO Cables, Bi-2212 Cables, Bi2223 Cables, Others
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
Grid and Smart Grid, Industrial Applications, Others
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:
- Nexans
- Furukawa Electric
- SHSC
- LS Cable & System
- NKT
- FGC UES
 Power Cables Market Overview.svg)
Highlights of The High Temperature Superconducting (HTS) Power Cables 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:
- YBCO Cables
- Bi-2212 Cables
- Bi2223 Cables
- Others
- By Application:
- Grid and Smart Grid
- Industrial Applications
- Others
- 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 High Temperature Superconducting (HTS) Power Cables 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
 Power Cables Market Statistics.svg)
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?
High Temperature Superconducting (HTS) power cables are cables that use high temperature superconductors to create a more efficient electrical connection. This allows for a greater amount of electricity to be transferred through the cable, which in turn can lead to faster charging times and increased efficiency.
Some of the major companies in the high temperature superconducting (hts) power cables market are Nexans, Furukawa Electric, SHSC, LS Cable & System, NKT, FGC UES.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Temperature Superconducting (HTS) Power Cables 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 High Temperature Superconducting (HTS) Power Cables Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Temperature Superconducting (HTS) Power Cables 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 High Temperature Superconducting (HTS) Power Cables 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 High Temperature Superconducting (HTS) Power Cables Market Size & Forecast, 2020-2028
4.5.1 High Temperature Superconducting (HTS) Power Cables Market Size and Y-o-Y Growth
4.5.2 High Temperature Superconducting (HTS) Power Cables 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 YBCO Cables
5.2.2 Bi-2212 Cables
5.2.3 Bi2223 Cables
5.2.4 Others
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 Grid and Smart Grid
6.2.2 Industrial Applications
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Temperature Superconducting (HTS) Power Cables 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 High Temperature Superconducting (HTS) Power Cables 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 YBCO Cables
9.6.2 Bi-2212 Cables
9.6.3 Bi2223 Cables
9.6.4 Others
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 Grid and Smart Grid
9.10.2 Industrial Applications
9.10.3 Others
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 YBCO Cables
10.6.2 Bi-2212 Cables
10.6.3 Bi2223 Cables
10.6.4 Others
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 Grid and Smart Grid
10.10.2 Industrial Applications
10.10.3 Others
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 YBCO Cables
11.6.2 Bi-2212 Cables
11.6.3 Bi2223 Cables
11.6.4 Others
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 Grid and Smart Grid
11.10.2 Industrial Applications
11.10.3 Others
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 YBCO Cables
12.6.2 Bi-2212 Cables
12.6.3 Bi2223 Cables
12.6.4 Others
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 Grid and Smart Grid
12.10.2 Industrial Applications
12.10.3 Others
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 YBCO Cables
13.6.2 Bi-2212 Cables
13.6.3 Bi2223 Cables
13.6.4 Others
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 Grid and Smart Grid
13.10.2 Industrial Applications
13.10.3 Others
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 High Temperature Superconducting (HTS) Power Cables Market: Competitive Dashboard
14.2 Global High Temperature Superconducting (HTS) Power Cables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nexans
14.3.2 Furukawa Electric
14.3.3 SHSC
14.3.4 LS Cable & System
14.3.5 NKT
14.3.6 FGC UES
