Market Overview:
The global superconducting magnet systems market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for superconducting magnets in various applications such as electronic and electrical, automobile industry, aerospace, chemical industry, ships and weapons, universities and other sectors. Liquid helium-cooled superconducting magnets are widely used in these applications owing to their high performance and efficiency. Cryogen-free superconducting magnets are also gaining popularity due to their low environmental impact. North America dominates the global market for superconducting magnet systems followed by Europe and Asia Pacific.
Product Definition:
A Superconducting Magnet System is a device that uses the principles of superconductivity to create a powerful magnetic field. These devices are often used in medical and scientific applications, where they can be used to produce high-intensity magnetic fields for MRI scans or particle accelerators.
Liquid Helium:
Liquid helium is a low-temperature liquid, which has been used as a superconductor. It's critical temperature is lower than 0.2 K and its boiling point is -270 °C. The properties of liquid helium such as low viscosity and thermal conductivity have made it the most suitable refrigerant for use in magnetospheres of nuclear magnetic resonance (NMR) systems, which are used in medical imaging devices such as MRIs and X-rays.
Liquid Nitrogen:
Liquid nitrogen is a colorless and odorless gas, with a boiling point of -77°C and a temperature of -196.8°C. It is also one of the most commonly used cryogenic liquids for superconducting magnet systems as it has been observed to be cheaper than liquid helium, which has an even lower boiling point.
Application Insights:
The other application segment includes medical, wind energy and food and beverages industry. The electronic and electrical application segment dominated the global superconducting magnet systems market in 2017 owing to increasing demand for electric motors that are lightweight, compact, efficient as well as affordable. Moreover, this technology can be used to manufacture high-performance magnets that are ideal for applications such as MRI scanners. This is expected to drive the product demand over the forecast period.
The automobile industry is anticipated to emerge as one of the fastest growing segments over the forecast period due to rising sales of electric vehicles (EVs). In 2016, Tesla Motors Inc announced about its plans regarding EVs; it planned on producing 500 thousand units per year by 2018 which was followed by GM¢â‚¬â„¢s announcement about its plan of selling 1 million EVs annually by 2019.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of major manufacturers such as General Electric, Siemens, and Norden Systems that are engaged in providing products for different sectors such as medical, automotive and others. The U.S.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing government initiatives pertaining magnet technology application areas across several industries including aerospace & defense, power generation and others along with growing demand from developing countries like China.
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 superconducting magnet systems
- Rising demand for energy-efficient and environment-friendly technologies
- Proliferation of nanotechnology and its applications in superconducting magnet systems
- Increasing investments by governments and private players in R&D initiatives for developing new applications for superconducting magnet systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Superconducting Magnet Systems Market Research Report
By Type
Liquid Helium, Liquid Nitrogen, Cryogen Free
By Application
Electronic and Electrical, Automobile Industry, Aerospace, Chemical Industry, Ships and Weapons, Universities, Other
By Companies
Quantum Design, ICEoxford, Janis, Oxford Instrument, Cryo Industries of America, Cryomech, UlVAC Cryogenics, 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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Superconducting Magnet Systems Market Report Segments:
The global Superconducting Magnet Systems market is segmented on the basis of:
Types
Liquid Helium, Liquid Nitrogen, Cryogen Free
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
- ICEoxford
- Janis
- Oxford Instrument
- Cryo Industries of America
- Cryomech
- UlVAC Cryogenics
- Bluefors
Highlights of The 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:
- Liquid Helium
- Liquid Nitrogen
- Cryogen Free
- 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 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?
Superconducting magnet systems are a type of magnetic storage technology that uses superconducting materials to create an extremely strong and stable magnetic field. This technology can be used to store large amounts of data, making it a popular choice for applications such as digital archives and data centers. Superconducting magnet systems are also used in medical imaging devices, research labs, and factories.
Some of the major companies in the superconducting magnet systems market are Quantum Design, ICEoxford, Janis, Oxford Instrument, Cryo Industries of America, Cryomech, UlVAC Cryogenics, Bluefors.
The superconducting magnet systems market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 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 Superconducting Magnet Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Superconducting Magnet Systems Market Size & Forecast, 2020-2028
4.5.1 Superconducting Magnet Systems Market Size and Y-o-Y Growth
4.5.2 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 Liquid Helium
5.2.2 Liquid Nitrogen
5.2.3 Cryogen Free
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 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 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 Liquid Helium
9.6.2 Liquid Nitrogen
9.6.3 Cryogen Free
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 Liquid Helium
10.6.2 Liquid Nitrogen
10.6.3 Cryogen Free
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 Liquid Helium
11.6.2 Liquid Nitrogen
11.6.3 Cryogen Free
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 Liquid Helium
12.6.2 Liquid Nitrogen
12.6.3 Cryogen Free
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 Liquid Helium
13.6.2 Liquid Nitrogen
13.6.3 Cryogen Free
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 Superconducting Magnet Systems Market: Competitive Dashboard
14.2 Global 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 ICEoxford
14.3.3 Janis
14.3.4 Oxford Instrument
14.3.5 Cryo Industries of America
14.3.6 Cryomech
14.3.7 UlVAC Cryogenics
14.3.8 Bluefors
