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Global Superconducting Magnets Market 2017-2021

Global Superconducting Magnets Market 2017-2021

About Superconducting Magnets

Superconducting magnets are more complicated than electromagnets, especially as they require low temperatures to keep the magnet solenoid in its superconducting state. However, they have some key advantages over their electromagnetic counterparts. Superconducting technology produces very high-intensity magnetic fields without ample power supplies needed for electromagnets. Superconducting magnets do not need a power source once they are brought into the magnetic field, and can function in a persistent mode leading to crucial savings in electricity costs. Superconducting magnets can generate a much higher magnetic field when compared to permanent magnets. Superconducting magnets can generate magnetic fields of up to 21.14 T whereas permanent magnets generate magnetic fields measuring 2 T.

Technavio’s analysts forecast the global superconducting magnets market to grow at a CAGR of 0.88% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global superconducting magnets market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Superconducting Magnets Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Siemens
  • Sumitomo Electric Industries
  • Columbus Superconductors
Other prominent vendors
  • Agilent Technologies
  • American Magnetics
  • Bruker
Market driver
  • Energizing large-scale wind power with compact superconductor-based generators.
  • For a full, detailed list, view our report
Market challenge
  • Cyclical nature of the semiconductor industry.
  • For a full, detailed list, view our report
Market trend
  • Growing significance of superconducting magnetic energy storage system (SMES) systems.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Superconducting Magnets Market 2017-2021

Technavio recognizes the following companies as the key players in the global superconducting magnets market: Siemens, Sumitomo Electric Industries, and Columbus Superconductors.

Other Prominent Vendors in the market are: Agilent Technologies, American Magnetics, and Bruker.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is partnerships between interventional MRI image guided systems and pharmacological companies. Partnership with pharmaceutical companies and clinical studies to check the efficacy of both MRI image guided system, and pharmacological products can improve the sales of products after the regulatory approval. It is a strategy used by the companies to compete with other companies, which can increase the sales of interventional MRI-guided systems by expanding the range of applications.”

According to the report, one driver in market is more power required for smaller spaces. Superconducting materials are a paradigm shift in terms of offering a solution to the problems of efficiency and energy distribution. The increase in energy consumption and the densification of the urban areas is a serious electric utility problem. The superconductor's ability to transact high current densities is a highly compact technological alternative to conventional copper lines. Superconducting cables have a 10 times higher capacity compared to conventional cables carrying transmission-level power at distribution voltages. These features of superconductors are crucial when electricity is produced at a very long distance away from the places it is used. Superconducting cables have a much smaller footprint as compared to traditional distribution and transmission lines.

Further, the report states that one challenges in market is limited demand for maglev trains. Japan has intense competition from France and China for high-speed rail transport. The country has not found any buyers for its maglev technology despite its aggressive marketing strategies. Japan has plans to build a high-speed maglev line from Tokyo to Osaka leading on to Nagoya. This construction of this segment in between Tokyo and Nagoya is expected to be completed by 2027 and costs $46 billion. The line to Osaka is expected to be connected by 2045 at an overall project cost of $76 billion. Train technology is dependent on magnetic power to float the cars above the ground preventing friction with the steel tracks. The trains start off by running on wheels and later, and when they pick up speed, the superconducting magnets take over and induce the lift. High construction costs and uncertain demands are the reason for resistance to plans for high-speed rails in the UK and the US.

Companies Mentioned

Siemens, Sumitomo Electric Industries, Columbus Superconductors, Agilent Technologies, American Magnetics, and Bruker.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Semiconductor industry PEST analysis
    • Table Semiconductor industry PEST analysis
  • Introduction
    • Key market highlights
    • Semiconductor market overview
      • Table Factors affecting the growth of the semiconductor industry
  • Market landscape
    • Market overview
      • Table Structure of the global semiconductor market in 2016
      • Table Global semiconductor market structure in 2016 (% share)
    • Market size and forecast
      • Table Global superconducting magnets market 2016-2021 ($ billions)
  • Five forces analysis
    • Table Five forces analysis
  • Market segmentation by application
    • Table Global superconducting magnets market by application 2016-2021(%share)
    • Table Global superconducting magnets market: Segmentation by application 2016-2021 ($ billions)
    • Medical devices and equipment
      • Table Global superconducting magnets market by medical devices and equipment 2016-2021 ($ billions)
    • Mass spectrometers
      • Table Global superconducting magnets market by mass spectrometers 2016-2021($ billions)
    • Transportation
      • Table Global superconducting magnets market by transportation 2016-2021 ($ billions)
    • Others segment
      • Table Global superconducting magnets market by others segment 2016-2021 ($ billions)
  • Geographical segmentation
    • Table Global superconducting magnets market by geography 2016-2021 (% share)
    • Table Global superconducting magnets market: Segmentation by geography 2016-2021 ($ billions)
    • APAC
      • Table Superconducting magnets market in APAC 2016-2021 ($ billions)
    • Americas
      • Table Superconducting magnets market in the Americas 2016-2021 ($ billions)
    • EMEA
      • Table Superconducting magnets market in EMEA ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Partnerships between interventional MRI image guided systems and pharmacological companies
    • Growing significance of SMES systems
    • Commercialization of SMES systems
  • Vendor landscape
    • Competitive scenario
  • Key vendor profiles
    • Siemens
    • Sumitomo Electric Industries
    • Columbus Superconductors
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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