The global market for superconductivity applications should reach $8.8 billion by 2022 from $6.1 billion in 2017 at a compound annual growth rate (CAGR) of 7.5%, from 2017 to 2022
NEW YORK, Nov. 20, 2017 /PRNewswire/ --
-- The global market for superconductivity applications should reach $8.8 billion by 2022 from $6.1 billion in 2017 at a compound annual growth rate (CAGR) of 7.5%, from 2017 to 2022.
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-- The magnets application market is expected to grow from $6.0 billion in 2017 to $7.1 billion in 2022 at a CAGR of 3.2% for the period 2017-2022.
-- The electrical equipment application market of the global superconductivity technologies market is expected to grow from $66.8 million in 2017 to $1.5 billion in 2022 at a CAGR of 86.2% for the period 2017-2022.
Chapter 1: Introduction
Superconductivity is a unique and powerful tool in scientific research that has led to important strides in healthcare such as magnetic resonance imaging (MRI). Other superconducting technologies on the cusp of commercialization will increase the efficiency with which electricity is produced and used--and will indirectly benefit the environment. In the future, superconducting technologies may be used to predict earthquakes, map the magnetic fields produced by the brain, and produce ultrahigh-performance computers. These are only a few examples of the wide range of superconductivity technologies and applications analyzed in this report.
Study Goals and Objectives
The overall goal of this report is to provide an up-to-date understanding of the developing market for superconducting applications, materials, and other enabling technologies. Specific objectives include:
-- Identifying superconducting applications with the greatest commercial potential in the near to medium term (2016 to 2022).
-- Analyzing the key drivers and constraints that will shape the market for these superconducting applications as the basis for projecting demand over the next five years.
-- Estimating current and future consumption of superconducting materials and other key enabling technologies.
-- Identifying the companies that are best positioned to meet this demand because of their proprietary technologies, strategic alliances, or other advantages.
Reasons for Doing This Study
This report is an updated version of an earlier BCC Research report published in early 2016. The superconductor field is developing rapidly, and producers and users of superconductors need an up-todate analysis of the current situation and a well-documented forecast for future trends in the industry as the basis for their strategic and business planning.
Scope of Report
This report addresses trends in superconductivity technology and the global market for superconductivity applications during the period from 2016 through 2022, including:
-- Science, research, and technology development.
-- Healthcare.
-- Electric utilities.
-- Computing.
-- Transportation.
-- Communications
-- Military/defense.
-- Other applications.
Information Sources
The findings and conclusions presented in this report are based on information gathered from primary sources within the industry, including vendors and users of superconductivity products. Interview data were combined with information gathered through an extensive review of secondary sources such as trade publications, trade association literature, company literature, and online databases to produce the market projections contained in this report.
Methodology
The base year for analysis and projection is 2016 and market projections were developed for 2017 to 2022. These projections are based on a combination of a consensus among the primary contacts and BCC Research's understanding of the key market drivers and their impact from a historical and analytical perspective.
The documentation is intended to enable the reader to evaluate the projections and, if desired, substitute alternative assumptions. All dollar projections presented in this report are in 2016 constant dollars unless otherwise noted.
Geographic Breakdown
In this report, the geographic regions considered for market analysis include, and only include:
-- North America.
o U.S.
o Mexico.
o Canada.
-- Europe.
o France.
o Germany.
o Italy.
-- Asia.
o China.
o India.
Superconductors, by Application
Magnets
Transformers
Generators
Motors Fault Current Limiters (FCLs)
Power Storage
Current Leads
Wire and Cable
Integrated Circuits
Radio-frequency/ Microwave Filters Superconducting
Quantum Interference Devices (SQUIDs)
Superconductors, by End Use
Healthcare
Science, Research, Technogy
Communications
Electric Utilities
Computing
Transportation
Military/Defense
Other
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