The World Market for Superconducting Wires: A Review of 2021-2024 with Forecasts Through 2025-2034
Superconducting Wire Market
Dublin, June 11, 2025 (GLOBE NEWSWIRE) -- The "Superconducting Wire Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" report has been added to ResearchAndMarkets.com's offering.The Global Superconducting Wire Market was valued at USD 1.34 billion in 2024 and is estimated to grow at a CAGR of 5.5% to reach USD 2.28 billion by 2034, driven by the rising demand for highly efficient energy systems, advancements in medical technology, and a surge in research and development spending.
The market is gaining momentum as governments, research institutions, and private enterprises accelerate investments in next-generation power infrastructure, medical equipment, and advanced transportation systems. Growing environmental concerns, combined with the global shift toward sustainable energy solutions, are further propelling the adoption of superconducting wires. These wires are increasingly viewed as critical components that enable disruptive technologies, from smart cities and renewable energy integration to innovations in space exploration and electric aviation. As countries push toward decarbonization and grid modernization, superconducting wire technology is positioned at the center of a rapidly evolving energy and technology landscape.
The growing focus on smart grid deployment and major power infrastructure upgrades is firmly positioning superconducting wire as a key enabler of long-distance, low-loss power transmission. Governments in the United States, China, and Japan are proactively integrating superconducting technology into their national grids to boost performance and minimize transmission inefficiencies. In transportation, superconducting components are seeing wider adoption in high-speed systems like magnetic levitation trains and future electric aviation applications, where benefits such as higher power density, significant space savings, and reduced operational losses are critical to success.In terms of product category, low-temperature superconductors (LTS) are projected to achieve USD 1.36 billion by 2034. Their popularity stems from widespread use across established high-performance systems in healthcare, scientific research, and energy infrastructure. These superconductors, primarily made from niobium-titanium and niobium-tin, are valued for their high critical magnetic fields and operational stability in extreme environments. Their proven reliability in critical applications like MRI machines, nuclear magnetic resonance (NMR) systems, and particle accelerators continues to drive sustained demand.From an application standpoint, the energy and power segment is forecasted to grow at a CAGR of 4.5% through 2034. Rising electricity consumption in rapidly urbanizing economies is pressuring utilities to build more efficient and resilient grids. Superconducting wires are being incorporated into next-generation transmission and distribution networks, offering ultra-low resistance pathways that dramatically cut power losses, support higher voltage levels, and improve the reliability of smart grids.The United States superconducting wire market generated USD 183.55 million in 2024, powered by rising demand across healthcare, defense, energy, and mobility sectors. Growth is being fueled by the expanded adoption of MRI and NMR systems, grid modernization efforts, and greater deployment of superconducting technologies in public transit and defense projects. Robust government-backed R&D initiatives and strong collaboration between public and private sectors are speeding up new product development and commercialization.Ampeers LLC, Nexans, High-Temperature Superconductors Inc., Hitachi, Supercon Inc., MetoX International, Prysmian, ASG Superconductors Ltd., Sumitomo Electric, Bruker Corporation, SuperOX, Luvata Mitsubishi Electric, General Electric, Japan Superconductor Technology Inc., Fujikura, Kiswire Advanced Technology, FURUKAWA ELECTRIC, and LS Cables & Systems are among the key players driving market dynamics. Leading companies are expanding production capacities, investing heavily in proprietary material technologies, and forming cross-sector collaborations. Strategies like localized manufacturing, early-stage partnerships with end-users, and customized superconducting wire solutions for specific medical and industrial needs are helping players meet evolving market demands and strengthen their competitive edge.Comprehensive Market Analysis and Forecast
Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
Competitive landscape with Porter's Five Forces and PESTEL analysis
Market size, segmentation, and regional forecasts
In-depth company profiles, business strategies, financial insights, and SWOT analysis
Key Attributes
Report Attribute
Details
No. of Pages
121
Forecast Period
2024 - 2034
Estimated Market Value (USD) in 2024
$1.34 Billion
Forecasted Market Value (USD) by 2034
$2.28 Billion
Compound Annual Growth Rate
5.5%
Regions Covered
Global
Key Topics CoveredChapter 1 Methodology & Scope1.1 Market definitions1.2 Base estimates & calculations1.3 Forecast calculation1.4 Data sources1.4.1 Primary1.4.2 Secondary1.4.2.1 Paid1.4.2.2 PublicChapter 2 Executive Summary2.1 Industry synopsis, 2021-2034Chapter 3 Industry Insights3.1 Industry ecosystem analysis3.2 Trump administration tariff analysis3.2.1 Impact on trade3.2.1.1 Trade volume disruptions3.2.1.2 Retaliatory measures3.2.2 Impact on the industry3.2.2.1 Supply-side impact (raw materials)3.2.2.1.1 Price volatility in key materials3.2.2.1.2 Supply chain restructuring3.2.2.1.3 Production cost implications3.2.2.2 Demand-side impact (selling price)3.2.2.2.1 Price transmission to end markets3.2.2.2.2 Market share dynamics3.2.2.2.3 Consumer response patterns3.2.3 Key companies impacted3.2.4 Strategic industry responses3.2.4.1 Supply chain reconfiguration3.2.4.2 Pricing and product strategies3.2.4.3 Policy engagement3.2.5 Outlook and future considerations3.3 Regulatory landscape3.4 Industry impact forces3.4.1 Growth drivers3.4.2 Industry pitfalls & challenges3.5 Growth potential analysis3.6 Porter's analysis3.6.1 Bargaining power of suppliers3.6.2 Bargaining power of buyers3.6.3 Threat of new entrants3.6.4 Threat of substitutes3.7 PESTEL analysisChapter 4 Competitive landscape, 20244.1 Strategic dashboard4.2 Innovation & sustainability landscapeChapter 5 Market Size and Forecast, by Product, 2021-2034 (USD Million)5.1 Key trends5.2 Low temperature superconductor (LTS)5.3 Medium temperature superconductor (MTS)5.4 High temperature superconductor (HTS)Chapter 6 Market Size and Forecast, by End Use, 2021-2034 (USD Million)6.1 Key trends6.2 Energy and power6.3 Medical6.4 Transportation6.5 Research6.6 OthersChapter 7 Market Size and Forecast, by Region, 2021-2034 (USD Million)7.1 Key trends7.2 North America7.2.1 U.S.7.2.2 Canada7.2.3 Mexico7.3 Europe7.3.1 UK7.3.2 France7.3.3 Netherlands7.3.4 Italy7.3.5 Spain7.3.6 Germany7.3.7 Russia7.4 Asia-Pacific7.4.1 China7.4.2 India7.4.3 Japan7.4.4 South Korea7.4.5 Australia7.5 Middle East & Africa7.5.1 Saudi Arabia7.5.2 UAE7.5.3 Qatar7.5.4 Kuwait7.5.5 South Africa7.5.6 Egypt7.6 Latin America7.6.1 Brazil7.6.2 Argentina7.6.3 PeruChapter 8 Company Profiles8.1 Ampeers LLC8.2 ASG Superconductors Ltd.8.3 Bruker Corporation8.4 Fujikura8.5 FURUKAWA ELECTRIC8.6 General Electric8.7 High Temperature Superconductors, Inc.8.8 Hitachi8.9 Japan Superconductor Technology, Inc.8.10 Kiswire Advanced Technology8.11 LS Cables & Systems8.12 Luvata (Mitsubishi Electric)8.13 MetoX International8.14 Nexans8.15 Prysmian8.16 Sumitomo Electric8.17 Supercon, Inc.8.18 SuperOXFor more information about this report visit https://www.researchandmarkets.com/r/5h6b17
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Superconducting Wire Market
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