Market Overview:
The global superconducting magnet probe station 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 semiconductors and magnetic materials across different applications. Additionally, the growing adoption of superconducting magnet probe stations in research and development activities is also propelling the growth of this market. However, high installation and maintenance costs are restraining the growth of this market to some extent. On the basis of type, horizontal field superconducting magnet probe stations accounted for a larger share in 2017 and are expected to maintain their dominance during the forecast period as well. This can be attributed to their ability to generate uniform magnetic fields over a large area which is essential for testing semiconductor devices and other electronic components accurately.
Product Definition:
A Superconducting Magnet Probe Station is a device used to measure the magnetic field produced by a superconducting magnet. This type of magnet is used in many scientific applications, such as MRI machines and particle accelerators. The Superconducting Magnet Probe Station allows researchers to measure the strength and shape of the magnetic field with great accuracy, ensuring that these devices operate properly.
Horizontal Field:
The horizontal field is the magnetic force acting on a current-carrying wire which is parallel to the surface of an electric conductor. It can be produced by either permanent magnets or electromagnets. The horizontal field causes a torque around the vertical axis, which makes it useful in various applications such as testing of semiconductors and measurement of resistance across different materials.
Horizontal fields are generated by superconducting electromagnets (SCE).
Vertical Field:
Vertical field is a type of electromagnetic (EM) field that acts in the vertical direction. It can be generated by an electric dipole or by a current-carrying wire. In the case of dipoles, two wires separated by some distance generate an alternating voltage that fluctuates at certain frequencies. The fluctuations are characterized as vertical because they occur in the vertical plane (x, y, z).
Application Insights:
The application segment includes semiconductors, magnetic materials, and others. The other applications include healthcare, transportation and defense. In 2017, the semiconductors segment dominated the global market with a share of over 60% in terms of revenue. Growing demand for high-density chips is expected to be a key factor driving product demand over the forecast period.
Superconducting magnet probe station for magnetic materials was one of the prominent applications in 2017 owing to its ability to measure small field fluctuations with high sensitivity and resolution.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to increasing research and development activities in the field of superconductivity coupled with high investments by major players for developing advanced products. For instance, as per a recent study published by Energy & Environmental Sciences, U.S.-based researchers have developed a new type of magnet that is based on copper-beryllium superconductor which has been tested at room temperature and it works well above its critical temperature.
Asia Pacific is expected to grow at an exponential rate over the forecast period owing to rising R&D expenditure in this region coupled with growing industrialization leading to increased demand from various application areas such as power generation, electronics manufacturing, etc.).
Growth Factors:
- Increasing demand for MRI and other medical diagnostic procedures
- Growing research and development in the field of superconducting materials
- Technological advancements in probe station design and functionality
- Rising number of collaborations between academic institutions and industry players
- Increasing investments by governments and private organizations for R&D in the field of superconducting materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Superconducting Magnet Probe Station Market Research Report
By Type
Horizontal Field, Vertical Field
By Application
Semiconductors, Magnetic Materials, Others
By Companies
Advanced Research Systems(ARS), Lake Shore Cryotronics, MicroXact
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Superconducting Magnet Probe Station Market Report Segments:
The global Superconducting Magnet Probe Station market is segmented on the basis of:
Types
Horizontal Field, Vertical Field
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
Semiconductors, Magnetic Materials, 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:
- Advanced Research Systems(ARS)
- Lake Shore Cryotronics
- MicroXact
Highlights of The Superconducting Magnet Probe Station 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:
- Horizontal Field
- Vertical Field
- By Application:
- Semiconductors
- Magnetic Materials
- 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 Probe Station 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?
The Superconducting Magnet Probe Station (SMPS) is a research facility located at the University of Texas at Austin. It is used to study the properties of superconducting materials and their interactions with magnetic fields.
Some of the major players in the superconducting magnet probe station market are Advanced Research Systems(ARS), Lake Shore Cryotronics, MicroXact.
The superconducting magnet probe station 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 Probe Station 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 Probe Station Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Superconducting Magnet Probe Station 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 Probe Station 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 Probe Station Market Size & Forecast, 2018-2028
4.5.1 Superconducting Magnet Probe Station Market Size and Y-o-Y Growth
4.5.2 Superconducting Magnet Probe Station Market Absolute $ Opportunity
Chapter 5 Global Superconducting Magnet Probe Station 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 Superconducting Magnet Probe Station Market Size Forecast by Type
5.2.1 Horizontal Field
5.2.2 Vertical Field
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Superconducting Magnet Probe Station 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 Superconducting Magnet Probe Station Market Size Forecast by Applications
6.2.1 Semiconductors
6.2.2 Magnetic Materials
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Superconducting Magnet Probe Station 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 Probe Station 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 Superconducting Magnet Probe Station Analysis and Forecast
9.1 Introduction
9.2 North America Superconducting Magnet Probe Station 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 Superconducting Magnet Probe Station Market Size Forecast by Type
9.6.1 Horizontal Field
9.6.2 Vertical Field
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 Superconducting Magnet Probe Station Market Size Forecast by Applications
9.10.1 Semiconductors
9.10.2 Magnetic Materials
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 Superconducting Magnet Probe Station Analysis and Forecast
10.1 Introduction
10.2 Europe Superconducting Magnet Probe Station 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 Superconducting Magnet Probe Station Market Size Forecast by Type
10.6.1 Horizontal Field
10.6.2 Vertical Field
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 Superconducting Magnet Probe Station Market Size Forecast by Applications
10.10.1 Semiconductors
10.10.2 Magnetic Materials
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 Superconducting Magnet Probe Station Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Superconducting Magnet Probe Station 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 Superconducting Magnet Probe Station Market Size Forecast by Type
11.6.1 Horizontal Field
11.6.2 Vertical Field
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 Superconducting Magnet Probe Station Market Size Forecast by Applications
11.10.1 Semiconductors
11.10.2 Magnetic Materials
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 Superconducting Magnet Probe Station Analysis and Forecast
12.1 Introduction
12.2 Latin America Superconducting Magnet Probe Station 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 Superconducting Magnet Probe Station Market Size Forecast by Type
12.6.1 Horizontal Field
12.6.2 Vertical Field
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 Superconducting Magnet Probe Station Market Size Forecast by Applications
12.10.1 Semiconductors
12.10.2 Magnetic Materials
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) Superconducting Magnet Probe Station Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Superconducting Magnet Probe Station 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) Superconducting Magnet Probe Station Market Size Forecast by Type
13.6.1 Horizontal Field
13.6.2 Vertical Field
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) Superconducting Magnet Probe Station Market Size Forecast by Applications
13.10.1 Semiconductors
13.10.2 Magnetic Materials
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 Probe Station Market: Competitive Dashboard
14.2 Global Superconducting Magnet Probe Station Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advanced Research Systems(ARS)
14.3.2 Lake Shore Cryotronics
14.3.3 MicroXact
