High Temperature Superconducting Fibers Market – Global Industry Analysis and Forecast | 2024

Superconductivity, an attribute that allows a material to show almost zero resistance to electric current flowing through it, is becoming a much sought-after advantage in newer materials used in various industries. Some of the most inherent challenges associated with electric power transmission and storage can be nullified with the use of superconducting materials, as has been evidenced by the scientific community over the last century.
This has stirred a greater degree of interest in high temperature superconducting fibers in recent years. As emergent uses of high-temperature superconducting fibers in industries such as transportation, electronics, energy distribution and storage, and healthcare come to the fore, this market is expected to register a significant increase in size. However, the market’s growth will be curbed to some extent as challenges related to the integration of fiber optics with superconducting fibers still persist. Although there have been several experiments involving the use of yttrium barium copper oxide as the core material for superconducting fiber, widespread commercialization has only recently begun to gather steam.
The demand for high temperature superconducting fibers is expected to demonstrate a healthy rate of growth thanks primarily to the many end-use industries that are showing a heightened interest in using this novel material. With numerous academic and commercial research activities underway in the market, it is expected that more superconductivity breakthroughs will occur. Over the forecast period of the report, the adoption of high temperature superconducting fibers could rise dramatically in sectors such as electric energy generation, transformation and storage, and transmission.
Global High Temperature Superconducting Fibers Market: Trends
With an ever-increasing emphasis on energy conservation against the backdrop of rising electricity prices and depleting fossil-fuel reserves, high temperature superconducting fibers provide a viable solution. Moreover, the demand for electric and electronic components with high endurance levels has necessitated the development of power cables that can transmit energy at high speeds and storage systems that demonstrate unprecedented efficiency. The energy sector also has the need for generators and transformers that can offer failsafe performance even under demanding conditions. As the demand for high-temperature superconductors grows in the energy and electronics sectors, the high-temperature superconducting fibers market will also experience growth.
Both commercial entities in the market and academia are focusing on the development of novel superconducting materials. Governments, on their part, are also backing such research initiatives. While such developments will positively impact the market, they will only do so in the long run as research projects could take as many as two decades to achieve commercialization.
Global High Temperature Superconducting Fibers Market: Regional and Competitive Outlook
TMR expects the Asia Pacific region to register the fastest rate of growth in the global high-temperature superconducting fiber market over the forecast period. This region’s growth will largely be defined by the brisk pace of industrialization in countries such as India, Korea, and China as well as a few other South East Asian countries where the contract manufacturing sector is developing well. The demand for high temperature superconductors is projected to remain higher than that of low temperature superconducting fibers.
The market will also remain dynamic in developed countries in North America and Western Europe, where energy-related research activities are receiving generous funding from governments.
The competitive landscape of the global high temperature superconducting fibers market is becoming progressively dynamic with companies vying to bag new orders, especially from the energy industry. Companies that are currently at the forefront of the global high temperature superconducting fibers market are Hyper Tech Research, Inc., American Superconductor Corporation, Bruker Energy & Supercon Technologies, Inc., SuperPower, Inc., and Superconducting Technologies, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
About Us:
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Comments

Post a Comment

Popular posts from this blog

Acrylate Monomers Market : Growth, Demand, Supply, SWOT, Consumption, ROI to 2025

The  global acrylate monomers market  features a largely price-sensitive landscape, which has led several prominent players focusing on inexpensive formulations of acrylate monomers to develop cost-effective acrylic acids or esters, notes Transparency Market Research (TMR). To this end, manufacturers are increasingly entering into agreements and partnerships with original equipment manufacturers (OEM) and merchandisers, in a move to gain a better foothold in the market. However, this hasn’t deterred a number of prominent companies developing solutions on specialty chemicals to increase the product pricing, observes TMR. Among such top players are Dow Chemical Company, Evonik Industries, and Arkema. Request to view sample of this report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19268 A number of players are tapping on opportunities emerging from inexpensive formulations for developing a range of high-performance specialty acrylate monomers
Read more

Solder Balls Market to Benefit from Increased Global Uptake of 2017 – 2025

A fresh business intelligence publication by Transparency Market Research (TMR) has detected that the global solder balls market is largely consolidated in nature, which is primarily a reflection of the presence of a handful of players. The analysts of the report have identified Duksan Metal Co. Ltd., Hitachi Metals Nanotech Co. Ltd., Indium Corporation, Nippon Micrometal Corporation, and Senju Metal Industry Co. Ltd. as some of the key players currently ahead of the curve in the global solder balls market. The prominent position of these players is a reflection of their strong regional presence. For instance, Duksan Hi-Metal Co. Ltd. dominates in APAC region and has been focusing on the development of advanced products and technologies to meet the needs of their primary customers. The company offers a series of paste and solder balls for the electronic industry and has been gaining ground since it established its research and development institute of electronic material
Read more

Plasticizers Market — Global Industry Analysis and Forecast | 2024

The  global plasticizers market  has fragmented competitive landscape, observes Transparency Market Research in a recent market research report. Presence of numerous prominent players and local vendors in the market is increasing the level of competition among players, Get sample of this report at:  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=753 Key players operating in the market are trying to launch new products to improve their products portfolio to widen their offering of technologically advanced eco-friendly, innovative, and high quality products. BASF SE, Eastman Chemical Company, ExxonMobil Corporation, LG Chem Ltd., Evonik Industries, Ferro Corporation, Arkema Inc., UPC Technology Corp., and Aekyung Petrochemical Co. Ltd. are some of the leading players operating in the global plasticizers market. According to the report, the global plasticizers market had a valuation of US$14.85 bn in 2015, which is expect
Read more