Global Market for Superconducting Applications to reach $4.2 billion in 2019

ELECTRONICS.CA PUBLICATIONS announces the availability of a new report entitled “Superconductors: Technologies and Global Markets“.  The global superconductivity technologies are expected to approach nearly $4.2 billion in 2019, with a compound annual growth rate (CAGR) of 16.4% over the next five years. The superconducting electronics segment is predicted to surge at 58.8% CAGR.

Superconducting magnets, particularly those used in science, research, and technology development and healthcare applications, dominate the market. The healthcare segment is presently the largest market for superconducting applications, accounting for 63% of the global market in 2013 led by the superconducting magnets used in MRI scanners.

However, superconducting electrical equipment segment (e.g., transformers, generators, motors, fault current limiters (FCLs), power storage, current leads, and cable) is expected to capture over 36% of the market by 2019. Superconducting electronics are also anticipated to gain significant market share over the next five years.

According to this research, the healthcare’s science, research, and technology share is expected to slip to just over 27% by 2019.  Most of the drop in healthcare’s share is expected to be made up by computing (27% of the market in 2019) and transport (1%).

Superconductivity is a unique and powerful tool in scientific research that has led to important strides in healthcare such as magnetic resonance imaging (MRI). In the future, superconducting technologies may be used to predict earthquakes, map the magnetic fields produced by the brain, and produce ultrahigh-performance computers.

Superconductors: Technologies and Global Markets provides an up-to-date understanding of the developing market for superconducting applications, materials, and other enabling technologies.  With 2013 as a baseline, market projections are given for the period 2014 to 2019.

Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site.  View the report:  Superconductors: Technologies and Global Markets.

 

 

Global Market for Superconducting Applications to reach $4.2 billion in 2019