Superconductors: Technologies and Global Markets
The global market for superconductor technologies was valued at nearly $1.7 billion in 2011 and should reach $1.8 billion in 2012. Total market value is expected to reach $3.3 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 12.6%.
The report addresses trends in superconductivity technology and the global market for superconductivity applications during the period from 2011 through 2017, including:
- Science, research, and technology development.
- Health care.
- Electric utilities.
- Other applications.
The study format includes the following major elements:
- Executive summary.
- Overview (i.e., definitions, brief history, superconductivity characteristics, market summary).
- Developments in superconducting technology that are expected to influence the market through 2017.
- Detailed market estimates and projections for each technology, application, and end use during the period from 2011 to 2017.
- General assessment of expected technological and market trends in the longer term.
- Description of key players in the emerging superconductivity industry.
Andrew McWilliams, the author of this report, is a partner in 43rd Parallel LLC, a Boston-based international technology and marketing consulting firm. He is the author of the previous edition of this report, as well as a number of other BCC Research market opportunity studies on advanced materials topics, including:
- AVM078A New Electronic Materials and Device Technologies: Global Markets.
- AVM025G Diamond, Diamond-Like and CBN Films and Coating Products.
- AVM015F High-Performance Ceramic Coatings: Markets and Technologies.
- AVM038D Advanced Structural Carbon Products: Fibers, Foams & Composites.
- AVM067B Metamaterials: Technologies and Global Markets.
- AVM064A Geosynthetics: Materials, Applications, and Markets.
- EGY053C Advanced Materials and Devices for Renewable Energy: Global Markets.
- IAS029B Terahertz Radiation Systems: Technologies and Global Markets.
- EGY065B Enabling Technologies for the Smart Grid.
- NAN015F Advanced Ceramics and Nanoceramic Powders.
- NAN021E Global Markets for Nanocomposites, Nanoparticles, Nanoclays, and Nanotubes.
- The global market for superconductivity applications was worth an estimated $1.7 billion in 2009, a figure that is expected to reach nearly $2 billion in 2010 and nearly $3.4 billion in 2015, a compound annual growth rate (CAGR) of 11.3% over the next 5 years.
- Superconducting magnets, particularly those used in science, research and technology development, and healthcare applications dominate the market. This sector is estimated at $1.9 billion in 2010 and is expected to be worth nearly $2.4 billion in 2015, a compound annual growth rate (CAGR) of 4.2%.
- Superconducting electrical equipment (e.g., transformers, generators, motors, fault current limiters, power storage, cable) is expected to capture nearly 25% of the market by 2015. This sector is estimated at $23 million in 2010 and is expected to reach $889 million in 2015, a compound annual growth rate (CAGR) of nearly 107%.
- The global market for superconductivity applications was worth $1.4 billion in 2007, a figure that is expected to increase slightly in 2008 but reach $2.7 billion in 2013, a compound annual growth rate (CAGR) of 13.9%.
- Superconducting magnets dominate the market, generating an estimated $1.4 billion in 2008. This should reach $1.7 billion in 2013, for a CAGR of 4.4%.
- Superconducting electrical equipment has the second largest market share, worth $19.5 million in 2007 and an estimated $20.5 in 2008. This should increase at a CAGR of 213.3% to reach $905.9 million in 2013.