Market Overview:
The global high temperature superconducting 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 high temperature superconducting cables in various applications such as power transmission and distribution, transportation, medical, and others. Moreover, the growing demand for energy-efficient solutions across different industries is also propelling the growth of this market. Based on type, the global high temperature superconducting cables market can be segmented into BCO cables, Bi-2212 cables, Bi2223 cables and others. Among these types, BCO cable held a dominant position in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to its properties such as low electrical resistance and superior current carrying capacity that make it suitable for use in various applications including power transmission and distribution grids. Based on application, the global high temperature superconducting cable market can be segmented into railways & smart grid; industrial applications (such as motors & generators manufacturing industry); healthcare sector (including MRI machines); aerospace sector; data centers; oil & gas pipelines among others). Among these segments railway&smart grid held a dominant position in 2017 owing to rising investments by governments all over world towards development of smart grids infrastructure which would help reduce electricity losses due to theft or faults etc.
Product Definition:
A high-temperature superconductor (HTS) is a material that can conduct electricity with no resistance at temperatures significantly higher than those of traditional superconductors. This property allows HTS cables to carry large amounts of current without losing energy due to heat, making them ideal for use in power transmission and electric-power generation applications.
BCO Cables:
BCO cables are used in high temperature superconducting cables. They have applications in particle accelerators, nuclear magnetic resonance, and other electromagnetic compatibility (EMC) applications. The growth factor for BCO cable is the same as that of the market it serves i.e., high temperature superconducting cables market.
The global demand for EMC devices is increasing due to stringent government regulations related to electromagnetic interference.
Bi-2212 Cables:
Bi-2212 is a type of high temperature superconducting cable used in the power cables for the nuclear magnetic resonance (NMR) systems. It has been developed by General Cable Corporation and is now marketed by Evico, which was acquired by A2BE Group in 2016.
Application Insights:
High temperature superconducting cables find applications in various industries including power, energy and power distribution, oil & gas, healthcare and life sciences, transportation and logistics. Therid-based application segment is projected to witness significant growth over the forecast period owing to increasing demand for HTS cables from the electric utilities sector.
The electric utilities are one of the largest end-use sectors of high temperature superconducting (HTS) products as they require a large amount of electricity during peak hours. Growing demand for renewable sources of energy has led to an increase in number of wind turbines across different regions which has resulted in increased requirement for transmission lines that carry wind generated electricity from rural areas into cities where it is needed. This factor is expected to boost market growth over the forecast period.
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 high temperature superconductors in China and Japan. For instance, in 2015, China’s State Power Investment Corporation (SPIC) invested around USD X million for developing HTS cables with an aim of making them competitive as compared to other conventional power cables used across industries including oil & gas, petrochemicals and others.
In 2016, Japan’s Ministry of Economy Trade and Industry (METI) provided funds worth USD X million for research projects on high temperature superconductors at Tokyo Institute of Technology. These government funding initiatives are anticipated to boost industry expansion over the next eight years or so in Asia Pacific region.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries is expected to drive the market for high temperature superconducting cables.
- Growing investments in renewable energy sources such as wind and solar are also anticipated to propel the market growth over the forecast period.
- Rising concerns regarding greenhouse gas emissions and global warming are likely to boost demand for high temperature superconducting cables over the next few years.
- Increasing research and development activities by leading players is expected to result in innovations that would help reduce costs of these cables, thereby propelling market growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Temperature Superconducting Cables Market Research Report
By Type
BCO Cables, Bi-2212 Cables, Bi2223 Cables, Others
By Application
rid and Smart Grid, Industrial Applications, Others
By Companies
exans, 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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global High Temperature Superconducting Cables Market Report Segments:
The global High Temperature Superconducting Cables market is segmented on the basis of:
Types
BCO 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
rid 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:
- exans
- Furukawa Electric
- SHSC
- LS Cable & System
- NKT
- FGC UES
Highlights of The High Temperature Superconducting 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:
- BCO Cables
- Bi-2212 Cables
- Bi2223 Cables
- Others
- By Application:
- rid 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 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
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 Cables are cables that use a superconductor to create an electrical connection between two points. This allows the cable to conduct electricity without any resistance, which is why they're often used in high-power applications like electric cars and wind turbines.
Some of the major players in the high temperature superconducting cables market are exans, Furukawa Electric, SHSC, LS Cable & System, NKT, FGC UES.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Temperature Superconducting Cables Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Temperature Superconducting Cables Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Temperature Superconducting Cables Market - Supply Chain
4.5. Global High Temperature Superconducting Cables Market Forecast
4.5.1. High Temperature Superconducting Cables Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Temperature Superconducting Cables Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Temperature Superconducting Cables Market Absolute $ Opportunity
5. Global High Temperature Superconducting Cables Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High Temperature Superconducting Cables Market Size and Volume Forecast by Type
5.3.1. BCO Cables
5.3.2. Bi-2212 Cables
5.3.3. Bi2223 Cables
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Temperature Superconducting Cables Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High Temperature Superconducting Cables Market Size and Volume Forecast by Application
6.3.1. rid and Smart Grid
6.3.2. Industrial Applications
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Temperature Superconducting Cables Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High Temperature Superconducting Cables Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High Temperature Superconducting Cables Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High Temperature Superconducting Cables Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High Temperature Superconducting Cables Demand Share Forecast, 2019-2026
9. North America High Temperature Superconducting Cables Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High Temperature Superconducting Cables Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High Temperature Superconducting Cables Market Size and Volume Forecast by Application
9.4.1. rid and Smart Grid
9.4.2. Industrial Applications
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Temperature Superconducting Cables Market Size and Volume Forecast by Type
9.7.1. BCO Cables
9.7.2. Bi-2212 Cables
9.7.3. Bi2223 Cables
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High Temperature Superconducting Cables Demand Share Forecast, 2019-2026
10. Latin America High Temperature Superconducting Cables Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High Temperature Superconducting Cables Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High Temperature Superconducting Cables Market Size and Volume Forecast by Application
10.4.1. rid and Smart Grid
10.4.2. Industrial Applications
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Temperature Superconducting Cables Market Size and Volume Forecast by Type
10.7.1. BCO Cables
10.7.2. Bi-2212 Cables
10.7.3. Bi2223 Cables
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High Temperature Superconducting Cables Demand Share Forecast, 2019-2026
11. Europe High Temperature Superconducting Cables Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High Temperature Superconducting Cables Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High Temperature Superconducting Cables Market Size and Volume Forecast by Application
11.4.1. rid and Smart Grid
11.4.2. Industrial Applications
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Temperature Superconducting Cables Market Size and VolumeForecast by Type
11.7.1. BCO Cables
11.7.2. Bi-2212 Cables
11.7.3. Bi2223 Cables
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High Temperature Superconducting Cables Demand Share, 2019-2026
12. Asia Pacific High Temperature Superconducting Cables Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High Temperature Superconducting Cables Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High Temperature Superconducting Cables Market Size and Volume Forecast by Application
12.4.1. rid and Smart Grid
12.4.2. Industrial Applications
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Temperature Superconducting Cables Market Size and Volume Forecast by Type
12.7.1. BCO Cables
12.7.2. Bi-2212 Cables
12.7.3. Bi2223 Cables
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High Temperature Superconducting Cables Demand Share, 2019-2026
13. Middle East & Africa High Temperature Superconducting Cables Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High Temperature Superconducting Cables Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High Temperature Superconducting Cables Market Size and Volume Forecast by Application
13.4.1. rid and Smart Grid
13.4.2. Industrial Applications
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Temperature Superconducting Cables Market Size and Volume Forecast by Type
13.7.1. BCO Cables
13.7.2. Bi-2212 Cables
13.7.3. Bi2223 Cables
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High Temperature Superconducting Cables Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Temperature Superconducting Cables Market: Market Share Analysis
14.2. High Temperature Superconducting Cables Distributors and Customers
14.3. High Temperature Superconducting Cables Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. exans
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Furukawa Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SHSC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LS Cable & System
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NKT
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. FGC UES
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
