The global superconducting wire market is estimated to grow from USD 1.1 billion in 2023 to USD 1.7 billion by 2028. It is expected to record a CAGR of 9.2% during the forecast period.
The global superconducting wire market was valued at USD 638.1 Million in 2016, and is expected to grow at a CAGR of 9.6% from 2016 to 2021.
Superconducting Wire Market by Type (High Temperature Superconductors (First Generation and Second Generation), Low and Medium Temperature Superconductors), Application (Energy, Medical, Industry, Research), and Region
The global superconducting wire market was valued at USD 638.1 Million in 2016, and is expected to grow at a CAGR of 9.6% from 2016 to 2021.
Superconducting Wire Market by Type, Low and Medium Temperature Application and Region - Global Forecast to 2021
Superconducting Wire Market by Type (High Temperature Superconductors (First Generation and Second Generation), Low and Medium Temperature Superconductors), Application (Energy, Medical, Industry, Research), and Region
The global market is set to witness significant growth, due to the focus on energy application, high energy physics experiments in Europe and North America, and the growing demand for cost effective and energy efficient MRI systems.