Global Superconducting Materials Industry To 2026 – Medical Sector Expected To Dominate The Market – ResearchAndMarkets.com
DUBLIN – (COMMERCIAL THREAD)–The “Superconducting Materials Market – Growth, Trends, Impact of COVID-19 and Forecast (2021 – 2026)” the report was added to ResearchAndMarkets.com offer.
The global superconducting materials market is expected to grow with a CAGR above 10% during the forecast period. One of the major factors driving the market is the increase in spending on medical machinery and equipment. However, the insufficient availability of raw materials such as Yttrium hinders the growth of the studied market.
Hyper Tech Research, Inc.
JAPAN SUPERCONDUCTOR TECHNOLOGY, INC.
Metal Oxide Technologies LLC
Sumitomo Electric Industries, Ltd
Super Conductive Materials, Inc.
Superconducting Technologies Inc.
Western Superconducting Technologies Co, Ltd.
Key market trends
The medical sector is expected to dominate the market
Currently, the medical sector represents the highest market share of the global superconducting materials market.
There has been an increase in demand for Magnetic Resonance Imaging (MRI) machines in recent years due to increasing health concerns and concerns globally.
Superconducting materials are needed in MRI machines to provide energy to maintain large magnetic fields. Superconducting materials attempt to reduce the resistance of wires to almost zero.
Also, the governments of several developing countries have increased their spending in the medical sector in order to improvise the efficiency of the equipment.
Due to the factors mentioned above, the medical industry is expected to experience the highest demand for superconducting materials during the forecast period.
Asia-Pacific to dominate the market
In the recent past, there has been a significant growth in the demand for superconducting materials in the Asia-Pacific region.
The increase in demand is mainly attributed to the increase in electricity and electronics production in the region.
China and India are expected to experience strong growth in demand for superconducting materials, due to favorable government support for the electrical and electronics industry to increase production.
In addition, the medical industry in the Asia-Pacific region has experienced significant growth in recent years, which is likely to boost the studied market.
Hence, due to the above mentioned factors, Asia Pacific is expected to experience the highest growth rate during the forecast period.
Main topics covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Increased expenditure on medical machinery and equipment
4.1.2 Growing demand from the electronics industry
4.2.1 Insufficient availability of raw materials such as yttrium
4.2.2 Impact of the COVID-19 pandemic
4.3 Industry Value Chain Analysis
4.4 Porter’s five forces analysis
5 MARKET SEGMENTATION
5.1 Product type
5.1.1 Low Temperature Superconducting Materials (LTS)
5.1.2 High Temperature Superconducting Materials (HTS)
5.2 End-user industry
5.2.3 Other end-user industries
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, visit https://www.researchandmarkets.com/r/e7d58p