Market Overview:
The global superconducting magnet power supply market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for superconducting magnets in various applications such as oil industry, gas industry, and others. Additionally, the growing demand for energy-efficient and environment-friendly technologies is also propelling the growth of this market. However, high initial investment cost and lack of awareness about benefits offered by these systems are some factors restraining the growth of this market. On the basis of type, monopolar superconducting magnet power supply systems are expected to dominate the global market during the forecast period from 2018 to 2030. This can be attributed to their high efficiency and low maintenance requirements as compared with bipolar systems.
Product Definition:
Superconducting Magnet Power Supply is a device that provides power to superconducting magnets. The importance of Superconducting Magnet Power Supply is that it enables superconducting magnets to operate at their optimal performance.
Monopolar:
Monopolar is a type of electric motor which has only one electrical pole (positive or negative) compared to the two electrical poles in bipolar motors. In monopolar motors, current can flow only in one direction i.e. from positive to negative terminal unlike bipolar which can flow both ways i.e.
Bipolar:
Bipolar is a method of AC power distribution in which the current is controlled by two opposed poles or by using the center point between the two poles. The most common application of bipolar circuit is to provide an electrical supply with three-phase voltage.
In superconducting magnet power supply, there are many applications of bipolar technology such as controlling and switching magnetic fields, electric current control, high frequency AC power generation etc.
Application Insights:
The oil industry was the largest application segment in 2017 and is expected to witness a CAGR of XX% over the forecast period. The gas industry also held a significant share in 2017 owing to its growing demand for superconducting magnets power supply units for energy storage and transmission applications. Growing gas production across various regions, including North America, Asia Pacific and Middle East & Africa is projected to boost product demand over the coming years.
The wind energy sector is another promising application segment that has witnessed considerable growth due to increased onshore as well as offshore wind turbine installations across different regions of the globe, especially Europe and North America countries such as Germany, Spain etc., are leading markets globally for this purpose owing to their high installed capacities of around 1,000 MW per year from 2016-2017 which can be increased further considering existing technological limitations regarding maximum power output by turbines compared with conventional generators sets at present levels of technology (generator set capacity x generator).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region is attributed to increasing government spending on infrastructure development and rising demand for electricity in developing countries such as China and India. In addition, growing industrialization coupled with rapid urbanization has led to an increase in energy consumption, which will further propel product demand.
The industry in North America was valued at USD X million in 2017 owing to high production volume attained by major manufacturers during recent years due to increased preference for magnet based power supply units over other conventional power supplies owing their ability not only generate higher voltage but also consume less energy thus reducing carbon footprint associated with manufacturing processes. Moreover, presence of a large number of oil & gas exploration companies across U.S.
Growth Factors:
- Increasing demand for MRI machines and other medical devices that use superconducting magnets
- Growing popularity of energy-efficient "smart" buildings, which require powerful yet efficient superconducting magnet power supplies
- Proliferation of new applications for superconducting magnets, such as in fusion reactors and particle accelerators
- Advances in materials science that make it possible to create even more powerful and efficient superconducting magnets
- Increased funding for research into new potential applications for superconducting magnets, driving innovation in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Superconducting Magnet Power Supply Market Research Report
By Type
Monopolar, Bipolar
By Application
Oil Industry, Gas Industry, Others
By Companies
Lake Shore Cryotronics, American Magnetics, Cryogenic, Cryomagnetics, Oxford Instruments NanoScience, CAYLAR, Danfysik, Sigmaphi Group, MES Company
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Superconducting Magnet Power Supply Market Report Segments:
The global Superconducting Magnet Power Supply market is segmented on the basis of:
Types
Monopolar, Bipolar
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
Oil Industry, Gas Industry, 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:
- Lake Shore Cryotronics
- American Magnetics
- Cryogenic
- Cryomagnetics
- Oxford Instruments NanoScience
- CAYLAR
- Danfysik
- Sigmaphi Group
- MES Company
Highlights of The Superconducting Magnet Power Supply 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:
- Monopolar
- Bipolar
- By Application:
- Oil Industry
- Gas Industry
- 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 Superconducting Magnet Power Supply 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?
A superconducting magnet power supply is a device that converts electrical energy into magnetic fields. This allows for the efficient transfer of electricity to and from devices such as magnets, motors, and generators.
Some of the major players in the superconducting magnet power supply market are Lake Shore Cryotronics, American Magnetics, Cryogenic, Cryomagnetics, Oxford Instruments NanoScience, CAYLAR, Danfysik, Sigmaphi Group, MES Company.
The superconducting magnet power supply market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Superconducting Magnet Power Supply 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 Superconducting Magnet Power Supply Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Superconducting Magnet Power Supply 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 Superconducting Magnet Power Supply 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 Superconducting Magnet Power Supply Market Size & Forecast, 2020-2028
4.5.1 Superconducting Magnet Power Supply Market Size and Y-o-Y Growth
4.5.2 Superconducting Magnet Power Supply 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 Monopolar
5.2.2 Bipolar
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 Oil Industry
6.2.2 Gas Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Superconducting Magnet Power Supply 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 Superconducting Magnet Power Supply 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 Monopolar
9.6.2 Bipolar
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 Oil Industry
9.10.2 Gas Industry
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 Monopolar
10.6.2 Bipolar
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 Oil Industry
10.10.2 Gas Industry
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 Monopolar
11.6.2 Bipolar
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 Oil Industry
11.10.2 Gas Industry
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 Monopolar
12.6.2 Bipolar
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 Oil Industry
12.10.2 Gas Industry
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 Monopolar
13.6.2 Bipolar
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 Oil Industry
13.10.2 Gas Industry
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 Superconducting Magnet Power Supply Market: Competitive Dashboard
14.2 Global Superconducting Magnet Power Supply Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lake Shore Cryotronics
14.3.2 American Magnetics
14.3.3 Cryogenic
14.3.4 Cryomagnetics
14.3.5 Oxford Instruments NanoScience
14.3.6 CAYLAR
14.3.7 Danfysik
14.3.8 Sigmaphi Group
14.3.9 MES Company
