Report Highlights
The global market for superconductivity applications was worth nearly $1.8 billion in 2013 and is expected to approach about $2.0 billion in 2014 and nearly $4.2 billion in 2019, with a compound annual growth rate (CAGR) of 16.4% over the next five years.
Report Includes
- An overview of the global market for superconductors and related technologies.
- Analyses of global market trends, with data from 2013, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019.
- Analysis of the key drivers and constraints that will shape the market for superconducting applications as the basis for projecting demand over the next five years.
- Estimations of current and future consumption of superconducting materials and other key enabling technologies.
- Profiles of the companies that are best positioned to meet this demand because of their proprietary technologies, strategic alliances, or other advantages.
Report Scope
The report addresses trends in superconductivity technology and the global market for superconductivity applications during the period from 2013 through 2019, including:
- Science, research, and technology development.
- Healthcare.
- Electric utilities.
- Computing.
- Transportation.
- Communications.
- Military/defense.
- Other applications.
The study format includes the following major elements:
- Executive summary.
- Overview (i.e., definitions, brief history, superconductivity characteristics, market summary).
- Developments in superconducting technology that are expected to influence the market through 2019.
- Detailed market estimates and projections for each technology, application, and end use during the period from 2013 to 2019.
- General assessment of expected technological and market trends in the longer term.
- Description of key players in the emerging superconductivity industry.
Analyst Credentials
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
Report Highlights
The global market for superconductor technologies was valued at nearly $1.7 billion in 2011 and should reach $1.8 billion in 2012. Total market value is expected to reach $3.3 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 12.6%.
Report Highlights
- The global market for superconductivity applications was worth an estimated $1.7 billion in 2009, a figure that is expected to reach nearly $2 billion in 2010 and nearly $3.4 billion in 2015, a compound annual growth rate (CAGR) of 11.3% over the next 5 years.
- Superconducting magnets, particularly those used in science, research and technology development, and healthcare applications dominate the market. This sector is estimated at $1.9 billion in 2010 and is expected to be worth nearly $2.4 billion in 2015, a compound annual growth rate (CAGR) of 4.2%.
- Superconducting electrical equipment (e.g., transformers, generators, motors, fault current limiters, power storage, cable) is expected to capture nearly 25% of the market by 2015. This sector is estimated at $23 million in 2010 and is expected to reach $889 million in 2015, a compound annual growth rate (CAGR) of nearly 107%.
Report Highlights
This Report:
- The global market for superconductivity applications was worth $1.4 billion in 2007, a figure that is expected to increase slightly in 2008 but reach $2.7 billion in 2013, a compound annual growth rate (CAGR) of 13.9%.
- Superconducting magnets dominate the market, generating an estimated $1.4 billion in 2008. This should reach $1.7 billion in 2013, for a CAGR of 4.4%.
- Superconducting electrical equipment has the second largest market share, worth $19.5 million in 2007 and an estimated $20.5 in 2008. This should increase at a CAGR of 213.3% to reach $905.9 million in 2013.
Related Reports
Metamaterials: Technologies and Global Markets
BCC Research projects that the total global market for metamaterials is expected to grow from $289.2 million in 2013 to about $1.2 billion by 2019 and nearly $3.0 billion by 2024, registering a compound annual growth rate (CAGR) of 20.5% between 2019 and 2024.
Advanced Ceramics and Nanoceramic Powders
BCC Research estimates that the global consumption of advanced and nanoscale ceramic powders will rise from $9 billion in 2013 to $12.1 billion in 2018, a compound annual growth rate (CAGR) of 6.2% over the next five years.
Enabling Technologies for the Smart Grid
The U.S. market for smart grid technologies was worth about $41.6 billion in 2012. The market is projected to decline to $35.4 billion in 2013 due to a temporary disruption of wind turbine sales, but it should rise again to $68.7 billion by 2018, with a compound annual growth rate (CAGR) of 14.2% from 2013 to 2018.
Terahertz Radiation Systems: Technologies and Global Markets
BCC estimates the total market for THz systems was valued at $50.2 million in 2012. The market should increase slightly by the end of 2013 to $51.3 million. The development of new commercial THz applications should push the market to $195.3 million in 2018. The diversification of the THz market is expected to accelerate after 2018, and the total market should exceed $942 million by 2023.
Recent Reports
Global Markets for Advanced Aerospace Materials
The global market for advanced aerospace materials is estimated to increase from $29.2 billion in 2024 to reach $42.9 billion by 2029, at a compound annual growth rate (CAGR) of 8.0% from 2024 through 2029.
High-performance Ceramic Coatings: Global Markets and Technologies
The global market for high-performance ceramic coatings is expected to grow from $10.5 billion in 2024 and is projected to reach $13.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.8% during the forecast period of 2024 to 2029.
Activated Carbon: Types and Global Markets
The global market for activated carbon is expected to grow from $6.6 billion in 2024 and is projected to reach $10.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 9.3% during the forecast period of 2024 to 2029.
Global Markets and Technologies for Smart Glass
The global market for smart glass is expected to grow from $6.2 billion in 2024 to reach $10.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.7% from 2024 through 2029.
2023 Advanced Materials Research Review
Research Reviews from BCC Research provide market professionals with concise market coverage within a specific research category. These Research Reviews include portions of several market research reports that were published in 2023.
Top Trending Reports
Cell-Based Assays: Technologies and Global Markets
The global market for cell-based assays is estimated to increase from $35.3 billion in 2024 to reach $56.3 billion by 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.
Carbon Capture, Utilization & Storage Technologies
The global market for carbon capture, utilization and storage (CCUS) technologies is expected to grow from $3.4 billion in 2024 and is projected to reach $9.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 23.1% during the forecast period of 2024 to 2029.
Global Markets for Chemicals for Cosmetics & Toiletries
The global market for chemicals in cosmetics and toiletries is expected to grow from $27.7 billion in 2024 to $35.0 billion by 2029, at a compound annual growth rate (CAGR) of 4.8% from 2024 through 2029.
Generative AI: Global Markets
The global market for generative AI was valued at $15.4 billion in 2023. It is projected to grow from $20.8 billion in 2024 to $94.4 billion by 2029, at a compound annual growth rate (CAGR) of 35.3% from 2024 through 2029.
Liquid Biopsy Research Tools, Services and Diagnostics: Global Markets
The global market for liquid biopsy is expected to grow from $4.6 billion in 2024 and is projected to reach $13.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 23.3% during the forecast period of 2024 to 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More