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Global Superconductors Market To Be Worth $3.4 Billion In 2015

November 23, 2010
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Wellesley, Mass. – According to a new technical market research report, SUPERCONDUCTORS: TECHNOLOGIES AND GLOBAL MARKETS (AVM066B) from BCC Research (www.bccresearch.com), the global market value for superconductors was an estimated $2 billion in 2010, but is expected to increase to nearly $3.4 billion in 2015, for a 5-year compound annual growth rate (CAGR) of 11.3%.

The largest segment in the market, made up of magnets, is expected to increase at a 5-year CAGR of 4.2%, from $1.9 billion in 2010 to nearly $2.4 billion in 2015.

The second-largest segment, electrical equipment, is expected to reach $889 million in 2015. The market in 2010 was estimated to be only $23.5 million. Thus, the 5-year CAGR is projected to be a 106.8%.

The other segment, made up of electronics, is expected to increase in value from an estimated $8 million in 2010 to nearly $97 million in 2015, for a healthy 5-year CAGR of 64.6%.

Superconductivity is a unique and powerful tool in scientific research that has led to important strides in healthcare such as magnetic resonance imaging. Other superconducting technologies on the cusp of commercialization will increase the efficiency with which electricity is produced and used, which will indirectly benefit the environment. In the future, superconducting technologies may be used to predict earthquakes, map the magnetic fields produced by the brain, and produce ultra-high-performance computers. These are only a few examples of the wide range of superconductivity technologies and applications analyzed in this report.

The overall goal of the report is to provide an up-to-date understanding of the developing market for superconducting applications, materials, and other enabling technologies.

The report addresses trends in superconductivity technology and the global market for superconductivity applications during the period from 2009 through 2015, including science, research, and technology development; healthcare; electric utilities; computing; transportation; communications; military/defense; and other applications.

It is intended for marketing executives, entrepreneurs, investors, venture capitalists, and other readers with a need to know where the superconductivity field is headed. Other readers who should find the report particularly valuable include government officials associated with the U.S. Department of Energy and other national and state-level programs charged with advancing the development of the nanotechnology industry.

Source: BCC Research

Superconductors: Technologies and Global Markets( AVM066B )
Publish Date: October 2010    

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, Telephone: 866-285-7215; Email: editor@bccresearch.com as the source and publisher. Thank you.