Superconducting Cables Market

Superconducting power cables act as a bridge between electric energy transmission and distribution. In a superconducting power cable, a superconducting conductor that reaches superconductivity of zero electric resistance below a specific low temperature is used, allowing low-loss transmission of large currents. Superconducting cables with just 20 percent of the thickness of copper cables have an advantage of heightening electric power transmission dimensions a maximum of 10 times (5 times in alternating current, 10 times in direct current) compared to previous cables by using the superconducting phenomenon that electric resistance disappears at -196?. This means that there is hardly any dissipation of electricity during power transmission. At present, many national research institutions and cable manufacturers are researching and developing this product. The cable market will completely switch to superconducting cables in the future. Many governments are supporting businesses for the commercialization because of the enormous cost of the project. Our data only covers manufacturer revenue from superconducting power cables. Cooling equipment is generally provided by industrial gas manufacturers, so this part of income is not counted.

Superconducting Cables Market contains market size and forecasts of Superconducting Cables in global, including the following market information:

Global Superconducting Cables Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Superconducting Cables Market Sales, 2017-2022, 2023-2028, (Meter)

Global top five Superconducting Cables companies in 2021 (%)

The global Superconducting Cables market was valued at 334.4 million in 2021 and is projected to reach US$ 720.1 million by 2028, at a CAGR of 11.6% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

YBCO Cables Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Superconducting Cables include Nexans, AMSC, MetOx, Furukawa Electric, STI, Bruker, Fujikura, SEI and SuNam, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Superconducting Cables manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Superconducting Cables Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Meter)

Global Superconducting Cables Market Segment Percentages, by Type, 2021 (%)

YBCO Cables

Bi-2212 Cables

Bi2223 Cables

Others

Global Superconducting Cables Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Meter)

Global Superconducting Cables Market Segment Percentages, by Application, 2021 (%)

Grid and Smart Grid

Industrial Applications

Others

Global Superconducting Cables Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Meter)

Global Superconducting Cables Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Superconducting Cables revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Superconducting Cables revenues share in global market, 2021 (%)

Key companies Superconducting Cables sales in global market, 2017-2022 (Estimated), (Meter)

Key companies Superconducting Cables sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Nexans

AMSC

MetOx

Furukawa Electric

STI

Bruker

Fujikura

SEI

SuNam

SHSC

Innost