wiredinUSA October 2019

Superconducting wire market forecast

A new report from ResearchAndMarkets. com forecasts the global superconducting wire market to grow by $629.7 million by 2025. High temperature superconductors, one of the segments analyzed in the study, has the potential to grow at over 9.8 percent, possibly reaching over $1 billion by the year 2025. The US is expected to maintain a 7.7 percent growth momentum while, in Japan, high temperature superconductors are predicted to reach a market size of $49.5 million by the close of the analysis period. As currently the world’s second largest economy, China exhibits the potential to grow at 13.7 percent over the next two years and add approximately $181.9 million in terms of addressable opportunity for manufacturers.

The new report is presented in visually rich graphics, providing valuable quantitative data to inform strategy decisions, whether regarding entry into new markets or the allocation of resources within a portfolio. Several macro-economic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. As well as identifying competitors in the market, and analyzing their market shares, the report examines the superconducting wire competitor market share worldwide scenario in 2019 and 2025; global competitor market shares by segment; high temperature superconductors global competitor market share by type; and low andmediumtemperaturesuperconductors market share by type.

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wiredInUSA October 2019