[191 Pages Report] The High-temperature Superconductor Wires Market size was estimated at USD 12.04 billion in 2023 and expected to reach USD 13.11 billion in 2024, at a CAGR 9.17% to reach USD 22.26 billion by 2030.
High-temperature superconductor (HTS) wires are made of unique superconducting materials using elements such as Bismuth, barium, strontium, copper, magnesium, and others for power-dense electrical transmission. Compared to conventional cables, HTS wires are easier and faster to install as they are compact and can be laid in existing underground oil, gas, water, or electric corridors. The minimal resistivity and high transmission capacity characteristics of HTS wires make them significantly dependable and economically viable for electrical networks and other applications. Government deployment of HTS wires to ensure enhanced power transmission & distribution and expansion strategies adopted by the market players to strengthen their distribution networks are expected to increase the penetration of HTS wires worldwide. The growth of the HTS wires market is primarily driven by advancements in medical imaging technologies and the rising demand for renewable energy capacity. On the contrary, the high overall cost and safety concerns associated with HTS wires impede the market's growth. The market players and researchers' continuous research and introduction of innovative superconductor cables are expected to accelerate the development of the high-temperature superconductor wires market in the future.
First-generation superconductor wires are made using the BSCCO (Bismuth Strontium Calcium Copper Oxide) compound. These wires, often referred to as BSCCO wires, operate effectively at the temperature of liquid nitrogen (77 K). They have been traditionally used in applications such as magnetic resonance imaging (MRI), energy storage, and power transmission because of their relatively simpler production process and established technology. Second-generation superconductor wires are high-temperature superconductor wires, often called coated conductors, made from a layer of YBCO (Yttrium Barium Copper Oxide) deposited on a flexible, metallic substrate. These wires are known for their higher performance in terms of mechanical strength and critical current capacity. They can carry more current and withstand more magnetic flux disturbances, which makes them well-suited for more demanding applications, such as high-field magnets, electric aircraft propulsion, and high-speed levitated trains.
Cryogenic dielectrics are designed to operate effectively at very low temperatures, often required in applications that involve HTS wires. They are essential for maintaining insulation properties close to zero temperatures, enabling the superconducting material to exhibit zero electrical resistance. Some common materials are polyimide films and composite resins, which can retain their dielectric properties at cryogenic temperatures. Warm dielectrics are engineered to work at temperatures higher than cryogenic but require insulation properties for efficient operational performance. Warm dielectrics, typically made from materials like PTFE and ceramics, are commonly used where the primary advantage is easier handling and lower operating costs than their cryogenic counterparts.
In the energy and utilities sector, high-temperature superconductor (HTS) wires are predominantly used for power transmission and transformation efficiency. The need-based preference in this sector is largely driven by the requirement to minimize energy losses in the grid. Increased adoption of HTS wires reduces cooling costs compared to traditional conductors and improves the stability of the power supply. Healthcare and life sciences benefit significantly from HTS wires thanks to their utility in magnetic resonance imaging (MRI) systems. These wires allow stronger and more stable magnetic fields, enhancing image quality and reducing scanning times. The integration of HTS wires in industrial equipment concerns their capacity to enhance the efficiency and performance of electric motors and generators. These applications prefer superconducting wires that withstand higher mechanical stresses and deliver consistent performance in various industrial settings.
The Americas high-temperature superconductor (HTS) wire market is expected to register significant growth driven by the developments in smart grid technology and a rise in the development of smart cities. The increasing use of technologically advanced electronic products, extensive R&D investments in developing second-generation superconducting wire technology, and high investments to commercialize superconductors are some of the major factors fostering market growth in the region. Local governments of Spain, Germany, France, and the UK, among others, have provided subsidies to promote renewable energy in Europe, which has expanded investments in renewable power generation, creating opportunities for the use of HTS wires. The expansion of industrialization and rising commercial activities in the APAC, majorly China, India, Japan, and South Korea, have encouraged the demand for high-temperature superconductor wires for massive power transmissions. The developed nations across the Asia-Pacific region, such as South Korea, Australia, and Japan, are developing innovative superconducting cable technology to explore and develop high-temperature superconducting materials, wires, and systems for green energy storage, transport, and high energy consumption industrial processes.
The FPNV Positioning Matrix is pivotal in evaluating the High-temperature Superconductor Wires Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the High-temperature Superconductor Wires Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Philips Signs Research Agreement to Explore New Magnet Technologies
Philips has recently signed a research agreement to delve into new magnet technologies, specifically high-temperature superconductor wires. The development of these wires presents numerous opportunities, particularly in the field of medical imaging where high magnet fields are required. By exploring how they can improve and optimize this technology, Philips aims to provide solutions that can help healthcare providers diagnose and treat patients more efficiently. This research agreement is yet another example of Philips' commitment to innovation and its mission of improving the lives of people across the world. [Published On: 2022-12-30]
CERN and Airbus partnership on future clean aviation
The aviation industry has long been associated with high carbon emissions and environmental impact. However, a partnership between CERN and Airbus may hold the key to a cleaner future for aviation. By utilizing high-temperature superconductor wires, the project aims to reduce the weight and energy consumption of aircrafts, while also increasing their efficiency. This innovative development could revolutionize the way we think about air travel and pave the way towards a greener, more sustainable future for the aviation industry. As we continue to face the pressing issue of climate change, it is crucial that we explore alternative solutions in all industries, and the CERN and Airbus partnership serves as a promising step forward for clean aviation. [Published On: 2022-12-01]
National Grid UK, VEIR to Test Superconductor Power Lines
The National Grid and Veir, both based in the United Kingdom, are set to collaborate on a project that will test superconductor power lines. The lines, made of high-temperature superconductor wires, have the potential to revolutionize the energy industry. Superconductor wires exhibit zero resistance, meaning they can transmit electricity with virtually no loss, making them far more efficient than traditional power lines. This could be a game changer for countries looking to reduce their carbon footprint and shift towards more sustainable sources of energy. The proposed collaboration between the National Grid and Veir is set to pave the way for the widespread adoption of superconductor wires, which have the potential to transform the way we power our homes and industries. [Published On: 2022-11-17]
The report delves into recent significant developments in the High-temperature Superconductor Wires Market, highlighting leading vendors and their innovative profiles. These include Advanced Conductor Technologies LLC, American Superconductor Corporation, AMPeers LLC, BASF SE, Beijing Intronic Superconducting Technology Co., Ltd., Brookhaven Technology Group, Bruker Corporation, Fujikura Ltd., Furukawa Electric Co., Ltd., General Electric Company, High Temperature Superconductors, Inc, Kobe Steel Ltd., LS Cable & System Ltd., Merck KGaA, MetOx Technologies, Inc., Nexans S.A., Patil Group, Sam Dong, Solid Material Solutions, LLC, Strescon Group, Sumitomo Electric Industries, Ltd., Sunam Co., Ltd., SuperOx Company, SuperQ Technologies India Pvt Ltd, THEVA Dünnschichttechnik GmbH, and VEIR Corporation.
This research report categorizes the High-temperature Superconductor Wires Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Type
- First-Generation Superconductor Wires
- Second-Generation Superconductor Wires
- Dielectric
- Cryogenic Dielectric
- Warm Dielectric
- Application
- Energy & Utilities
- Healthcare & Life Sciences
- Industrial Equipment
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast of the High-temperature Superconductor Wires Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the High-temperature Superconductor Wires Market?
- What are the technology trends and regulatory frameworks in the High-temperature Superconductor Wires Market?
- What is the market share of the leading vendors in the High-temperature Superconductor Wires Market?
- Which modes and strategic moves are suitable for entering the High-temperature Superconductor Wires Market?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- High-temperature Superconductor Wires Market, by Type
- High-temperature Superconductor Wires Market, by Dielectric
- High-temperature Superconductor Wires Market, by Application
- Americas High-temperature Superconductor Wires Market
- Asia-Pacific High-temperature Superconductor Wires Market
- Europe, Middle East & Africa High-temperature Superconductor Wires Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 22]
- List of Tables [Total: 282]
- List of Companies Mentioned [Total: 26]
High-Temperature Superconductor Wires: An Overview
HTS wires are a special kind of wire that can conduct electricity with zero resistance at high-temperature levels. These wires are made from ceramic materials, such as yttrium-barium-copper oxide (YBCO), which can superconduct electricity at temperatures ranging from -196°C to +77°C (boiling point of nitrogen). Unlike conventional copper wires, HTS wires can carry more current without any energy loss, which makes them highly useful in various industries.
Ongoing Research & Development (R&D) of HTS Wires:
Currently, the major challenge with HTS wires is their cost, which has hindered their widespread adoption. However, ongoing R&D efforts are focused on reducing the cost of manufacturing HTS wires, improving their mechanical strength, optimizing their performance, and increasing their operational temperatures. For instance, researchers are working on the development of second-generation HTS wires that use more affordable materials and are easier to manufacture.
Expanding Application Scope of HTS Wires:
The expanding application scope of HTS wires is a testament to their potential. These wires are being used in an increasing number of industries, including transportation, healthcare, IT, power generation, and storage. For example, HTS wires can be used in the construction of MRI machines for healthcare applications. In the transportation industry, they are used for magnetic levitation trains, and in the IT industry, they are used for massive data storage. Additionally, HTS wires are used to produce wind turbines and transformers for renewable energy.
Testing the Limits of HTS Wires:
The application of HTS wires is not limited to conventional industries alone. Recently, HTS wires were used in a fusion reactor built by the UK Atomic Energy Authority (UKAEA). The superconductive wires were used to power the toroidal field coils in the reactor, which reached a temperature of 250°C above ambient temperature. The success of this project proves the potential of HTS wires in supporting Energy Research.
HTS wires are at the forefront of innovation in energy efficiency. With ongoing R&D, their cost is being reduced, and their capability has been expanded to cater to different industries, including transportation, healthcare, IT, renewable energy, and Energy Research. With the revolutionary advancements in HTS wires, we can expect more industries to incorporate their use, leading to a cleaner and more efficient future.
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