Product Code: EP 4982
The global superconducting wire market is anticipated to grow from USD 1.32 billion in 2025 to USD 2.19 billion by 2030, at a CAGR of 10.6%.
Scope of the Report |
Years Considered for the Study | 2021-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million/Billion) and Volume (KM) |
Segments | Superconducting wire market, by type, end user, sales channel, application, and region |
Regions covered | North America, Europe, Asia Pacific, and Rest of the World |
The increasing demand for superconductor-based magnetic resonance imaging (MRI) systems, coupled with the growing adoption of superconducting wires as a superior alternative to conventional conductors, are key factors driving the growth of the superconducting wire market.
"High-temperature superconductor to be second-largest segment of superconducting wire market, by type"
The superconducting wire market is split by type into low-temperature, medium-temperature, and high-temperature superconductors. In 2025, high-temperature superconductor wires are likely to account for the second-largest market share. The rising implementation of superconducting wires over conventional wires makes high-temperature superconductors ideal for applications such as magnetic resonance imaging (MRI) and magnetic levitation (maglev).
"Medical segment to capture prominent share of superconducting wire market based on end user"
The superconducting wire market has been segmented by end user into energy, medical, transportation, research, and others. The medical segment is expected to command the market throughout the forecast period. A strong global shift toward using superconductor-wound magnets in MRI and NMR systems is expected to drive the demand for superconducting wires in the medical segment.
"North America to be second-largest market during forecast period"
North America is expected to be the second-largest market due to the Increasing investments in the offshore wind energy sector, development of maglev trains, and increasing focus of the governments on developing medical facilities in North American countris, specifically the US, is anticipated to boost the adoption of superconducting wire-based magnetic resonance imaging (MRI) scanners are expected to drive the growth of the superconducting wire market in North America.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects.
The distribution of primary interviews is as follows:
By Company Type: Tier 1 - 65%, Tier 2 - 24%, and Tier 3 - 11%
By Designation: C-level Executives - 30%, Directors - 25%, and Others - 45%
By Region: North America - 27%, Europe - 20%, and Asia Pacific - 53%
Note: Others include product engineers, product specialists, and engineering leads.
The tiers of the companies are defined based on their total revenues as of 2024. Tier 1: >USD 1 billion, Tier 2: from USD 500 million to USD 1 billion, and Tier 3: <USD 500 million
A few major players with a wide regional presence dominate the superconducting wire market. The leading players are Sumitomo Electric Industries, Ltd. (Japan), Fujikura Ltd. (Japan), Furukawa Electric Co., Ltd. (Japan), Bruker (US), and American Superconductor (US).
Research Coverage:
The report defines, describes, and forecasts the global superconducting wire market based on type, vertical, application, sales channel, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the superconducting wire market.
Key Benefits of Buying the Report.
- Product Development/Innovation: Key drivers (growing demand for zero-loss power transmission, compact high-field magnet systems, and advanced grid technologies), restraints (high material and cryogenic costs), opportunities (advancements in HTS wire fabrication and fusion energy projects), and challenges (technical complexity in manufacturing and limited commercial-scale deployment outside niche applications) influence the market.
- Market Development: In March 2025, Furukawa Electric's SuperPower Inc. division delivered next-generation 2G HTS wire for a grid-scale superconducting cable project in South Korea. The development marked a significant milestone in long-distance, high-capacity energy transmission, aligning with global goals for grid decarbonization and improved efficiency.
- Market Diversification: The superconducting wire market has witnessed increasing product diversification, including LTS, MTS, and HTS types, catering to varied end uses from MRI and NMR imaging in healthcare to maglev trains, particle accelerators, and SFCLs in the energy and transportation sectors. Enhanced performance at higher operating temperatures and innovation in flexible, durable HTS tapes have broadened adoption across developed and emerging markets.
- Competitive Assessment: An evaluation of the competitive positioning of key players in the superconducting wire market includes leading companies such as Sumitomo Electric Industries, Ltd. (Japan), Fujikura Ltd. (Japan), Furukawa Electric Co., Ltd. (Japan), Bruker Corporation (United States), and American Superconductor Corporation (United States).
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.3 STUDY SCOPE
- 1.3.1 INCLUSIONS AND EXCLUSIONS
- 1.3.2 MARKETS COVERED AND REGIONAL SCOPE
- 1.3.3 YEARS CONSIDERED
- 1.4 UNIT CONSIDERED
- 1.5 CURRENCY CONSIDERED
- 1.6 LIMITATIONS
- 1.7 STAKEHOLDERS
- 1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 List of key secondary sources
- 2.1.1.2 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Intended participants and key opinion leaders
- 2.1.2.2 Key industry insights
- 2.1.2.3 Key data from primary sources
- 2.1.2.4 Breakdown of primaries
- 2.2 MARKET SIZE ESTIMATION
- 2.2.1 BOTTOM-UP APPROACH
- 2.2.1.1 Regional analysis
- 2.2.1.2 Country-level analysis
- 2.2.1.3 Demand-side assumptions
- 2.2.1.4 Demand-side calculations
- 2.2.2 TOP-DOWN APPROACH
- 2.2.2.1 Supply-side assumptions
- 2.2.2.2 Supply-side calculations
- 2.3 DATA TRIANGULATION
- 2.4 FORECAST
- 2.5 RESEARCH ASSUMPTION
- 2.6 RESEARCH LIMITATIONS
- 2.7 RISK ANALYSIS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SUPERCONDUCTING WIRE MARKET
- 4.2 SUPERCONDUCTING WIRE MARKET, BY SALES CHANNEL AND TYPE
- 4.3 SUPERCONDUCTING WIRE MARKET, BY SALES CHANNEL
- 4.4 SUPERCONDUCTING WIRE MARKET, BY TYPE
- 4.5 SUPERCONDUCTING WIRE MARKET, BY END USER
- 4.6 SUPERCONDUCTING WIRE MARKET, BY REGION
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Growing need for advanced MRI systems globally
- 5.2.1.2 Cost and performance advantages of superconducting wires over conventional wires
- 5.2.1.3 Expansion of offshore wind farms using superconducting technologies
- 5.2.2 RESTRAINTS
- 5.2.2.1 Cost constraints hampering superconducting adoption in low-voltage and medium-voltage applications
- 5.2.2.2 Slow rate of commercialization due to lack of skilled workforce
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Increasing R&D activities in medical and transportation fields
- 5.2.4 CHALLENGES
- 5.2.4.1 High manufacturing costs of superconductors
- 5.2.4.2 Limited testing infrastructure
- 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 5.4 VALUE CHAIN ANALYSIS
- 5.5 ECOSYSTEM ANALYSIS
- 5.6 CASE STUDY ANALYSIS
- 5.6.1 BRUKER SUPPLIES CHROMIUM-PLATED NIOBIUM-TIN SUPERCONDUCTING WIRES FOR ITER PROJECT
- 5.6.2 SUPERPOWER INC. PROVIDES 2G HTS WIRES TO ENDESA TO PROTECT GRID AGAINST SHORT CIRCUITS
- 5.6.3 ENHANCING MGB2 SUPERCONDUCTING WIRE PERFORMANCE THROUGH INITIAL FILLING DENSITY OPTIMIZATION AND THERMOMECHANICAL TREATMENT
- 5.7 GLOBAL MACROECONOMIC OUTLOOK
- 5.7.1 INTRODUCTION
- 5.7.2 GDP TRENDS AND FORECAST
- 5.7.3 IMPACT OF INFLATION ON SUPERCONDUCTING WIRE MARKET
- 5.8 INVESTMENT AND FUNDING SCENARIO
- 5.9 TECHNOLOGY ANALYSIS
- 5.9.1 KEY TECHNOLOGIES
- 5.9.1.1 Powder-in-tube (PIT)
- 5.9.2 ADJACENT TECHNOLOGIES
- 5.9.2.1 Cryogenic cooling technologies
- 5.10 PRICING ANALYSIS
- 5.10.1 PRICING RANGE OF SUPERCONDUCTING WIRES, BY TYPE, 2024
- 5.10.2 AVERAGE SELLING PRICE TREND OF SUPERCONDUCTING WIRES, BY REGION, 2021-2024
- 5.11 TRADE ANALYSIS
- 5.11.1 IMPORT SCENARIO (HS CODE 854419)
- 5.11.2 EXPORT SCENARIO (HS CODE 854419)
- 5.12 IMPACT OF GENERATIVE AI/AI ON SUPERCONDUCTING WIRE MARKET
- 5.12.1 USE CASES OF GENERATIVE AI/AI IN SUPERCONDUCTING WIRE MARKET
- 5.12.2 IMPACT OF GENERATIVE AI/AI ON KEY END USERS, BY REGION
- 5.13 PATENT ANALYSIS
- 5.14 KEY CONFERENCES AND EVENTS, 2025
- 5.15 TARIFF AND REGULATORY LANDSCAPE
- 5.15.1 TARIFF ANALYSIS
- 5.15.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 5.16 PORTER'S FIVE FORCES ANALYSIS
- 5.16.1 THREAT OF SUBSTITUTES
- 5.16.2 BARGAINING POWER OF SUPPLIERS
- 5.16.3 BARGAINING POWER OF BUYERS
- 5.16.4 THREAT OF NEW ENTRANTS
- 5.16.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.17 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.17.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.17.2 BUYING CRITERIA
- 5.18 IMPACT OF 2025 US TARIFF ON SUPERCONDUCTING WIRE MARKET
- 5.18.1 INTRODUCTION
- 5.18.2 KEY TARIFF RATES
- 5.18.3 IMPACT ON COUNTRIES/REGIONS
- 5.18.3.1 North America
- 5.18.3.2 Europe
- 5.18.3.3 Asia Pacific
- 5.18.3.4 RoW
- 5.18.4 IMPACT ON END USERS
6 SUPERCONDUCTING WIRE MARKET, BY TYPE
- 6.1 INTRODUCTION
- 6.2 LTS WIRES
- 6.2.1 ENHANCED CRITICAL CURRENT DENSITY AND DURABILITY TO DRIVE ADOPTION IN SCIENTIFIC INFRASTRUCTURE
- 6.3 MTS WIRES
- 6.3.1 RISING USE IN MEDICAL IMAGING TO FOSTER MARKET GROWTH
- 6.4 HTS WIRES
- 6.4.1 ABILITY TO OPERATE AT HIGHER MAGNETIC FIELDS AND CURRENT DENSITIES TO STIMULATE ADOPTION IN ENERGY SECTOR
- 6.4.2 FIRST-GENERATION
- 6.4.2.1 Cost-sensitive and cryogen-free applications to accelerate demand
- 6.4.3 SECOND-GENERATION
- 6.4.3.1 Enhanced performance and scalability to increase implementation in future power systems
7 SUPERCONDUCTING WIRE MARKET, BY SALES CHANNEL
- 7.1 INTRODUCTION
- 7.2 DIRECT SALES CHANNEL
- 7.2.1 NEED FOR CUSTOMIZED WIRES TO MEET SPECIFIC APPLICATION REQUIREMENTS TO FUEL SEGMENTAL GROWTH
- 7.3 INDIRECT SALES CHANNEL
- 7.3.1 WIDE GEOGRAPHIC REACH OF LARGE CONGLOMERATES TO PROPEL SEGMENTAL GROWTH
8 SUPERCONDUCTING WIRE MARKET, BY APPLICATION
- 8.1 INTRODUCTION
- 8.2 MAGNETIC RESONANCE IMAGING
- 8.2.1 PERFORMANCE AND COST ADVANTAGES OF SUPERCONDUCTING WIRES TO DRIVE ADOPTION
- 8.3 POWER GRID INFRASTRUCTURE
- 8.3.1 GREATER EFFICIENCY AND MINIMUM ENERGY LOSSES UNDER HIGH CURRENT LOADS TO SPIKE DEMAND
- 8.4 SUPERCONDUCTING FAULT CURRENT LIMITER
- 8.4.1 NEED FOR SAFETY, EFFICIENCY, AND RESILIENCE ACROSS DIVERSE AND EVOLVING POWER APPLICATIONS TO SUPPORT MARKET GROWTH
- 8.5 MAGLEV
- 8.5.1 SURGING DEMAND FOR SUSTAINABLE AND HIGH-SPEED TRANSPORTATION SOLUTIONS TO CONTRIBUTE TO MARKET GROWTH
- 8.6 OTHER APPLICATIONS
9 SUPERCONDUCTING WIRE MARKET, BY END USER
- 9.1 INTRODUCTION
- 9.2 ENERGY
- 9.2.1 ELEVATING DEMAND FOR SUSTAINABLE ENERGY SOLUTIONS TO DRIVE MARKET
- 9.3 HEALTHCARE
- 9.3.1 REQUIREMENT FOR MRI MACHINES WITH SUSTAINED MAGNETIC FIELD STRENGTH TO CREATE GROWTH OPPORTUNITIES
- 9.4 TRANSPORTATION
- 9.4.1 INCREASING FOCUS ON ENHANCING RAIL LINE CAPACITY AND OPERATIONAL EFFICIENCY TO STIMULATE DEMAND
- 9.5 RESEARCH
- 9.5.1 ONGOING RESEARCH FUELING SUPERCONDUCTING WIRE INNOVATION ACROSS KEY SECTORS TO BOOST DEMAND
- 9.6 OTHER END USERS
10 SUPERCONDUCTING WIRE MARKET, BY REGION
- 10.1 INTRODUCTION
- 10.2 NORTH AMERICA
- 10.2.1 US
- 10.2.1.1 Substantial investments in quantum computing, fusion energy, and power grid modernization to drive market
- 10.2.2 CANADA
- 10.2.2.1 Exploration of superconducting technologies for grid reliability and clean energy applications to propel market
- 10.2.3 MEXICO
- 10.2.3.1 Elevating use of MRI and diagnostic imaging systems across public and private healthcare facilities to fuel market growth
- 10.3 ASIA PACIFIC
- 10.3.1 CHINA
- 10.3.1.1 Government investment in high-speed rail and next-generation computing to contribute to market growth
- 10.3.2 JAPAN
- 10.3.2.1 Strategic role of country in fusion, transportation, and medical applications to boost demand
- 10.3.3 INDIA
- 10.3.3.1 Rising MRI installations in Tier 2 and Tier 3 cities to accelerate demand
- 10.3.4 SOUTH KOREA
- 10.3.4.1 Installation of power grid pilot projects to fuel market growth
- 10.3.5 AUSTRALIA
- 10.3.5.1 Active participation and investment in superconductivity-related R&D to support market development
- 10.3.6 NEW ZEALAND
- 10.3.6.1 Involvement of research institutes in cryogenics and magnetic field studies to facilitate market growth
- 10.3.7 REST OF ASIA PACIFIC
- 10.4 EUROPE
- 10.4.1 GERMANY
- 10.4.1.1 Energy transition policies, medical innovation, and advanced scientific research to promote adoption
- 10.4.2 UK
- 10.4.2.1 NHS-backed investment in AI-powered diagnostics and infrastructure modernization to support upward market trajectory
- 10.4.3 ITALY
- 10.4.3.1 National energy transition goals to trigger opportunities for market players
- 10.4.4 FRANCE
- 10.4.4.1 Surging demand for advanced power transmission technologies to boost market uptake
- 10.4.5 SWITZERLAND
- 10.4.5.1 Excellence in applied superconductivity research to strengthen market momentum
- 10.4.6 SWEDEN
- 10.4.6.1 Electrification of transportation sector to drive market
- 10.4.7 REST OF EUROPE
- 10.5 REST OF THE WORLD (ROW)
11 COMPETITIVE LANDSCAPE
- 11.1 INTRODUCTION
- 11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021-2024
- 11.3 MARKET SHARE ANALYSIS, 2024
- 11.4 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
- 11.4.1 STARS
- 11.4.2 EMERGING LEADERS
- 11.4.3 PERVASIVE PLAYERS
- 11.4.4 PARTICIPANTS
- 11.4.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
- 11.4.5.1 Company footprint
- 11.4.5.2 Region footprint
- 11.4.5.3 Type footprint
- 11.4.5.4 End user footprint
- 11.4.5.5 Sales channel footprint
- 11.5 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
- 11.5.1 PROGRESSIVE COMPANIES
- 11.5.2 RESPONSIVE COMPANIES
- 11.5.3 DYNAMIC COMPANIES
- 11.5.4 STARTING BLOCKS
- 11.5.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
- 11.5.5.1 List of key startups/SMEs
- 11.5.5.2 Competitive benchmarking of key startups/SMEs
- 11.6 COMPANY VALUATION AND FINANCIAL METRICS
- 11.7 BRAND/PRODUCT COMPARISON
- 11.8 COMPETITIVE SCENARIO
- 11.8.1 PRODUCT LAUNCHES
- 11.8.2 DEALS
- 11.8.3 OTHER DEVELOPMENTS
12 COMPANY PROFILES
- 12.1 KEY PLAYERS
- 12.1.1 SUMITOMO ELECTRIC INDUSTRIES, LTD.
- 12.1.1.1 Business overview
- 12.1.1.2 Products/Solutions/Services offered
- 12.1.1.3 MnM view
- 12.1.1.3.1 Key strengths/Right to win
- 12.1.1.3.2 Strategic choices
- 12.1.1.3.3 Weaknesses/Competitive threats
- 12.1.2 FUJIKURA LTD.
- 12.1.2.1 Business overview
- 12.1.2.2 Products/Solutions/Services offered
- 12.1.2.3 MnM view
- 12.1.2.3.1 Key strengths/Right to win
- 12.1.2.3.2 Strategic choices
- 12.1.2.3.3 Weaknesses/Competitive threats
- 12.1.3 FURUKAWA ELECTRIC CO., LTD.
- 12.1.3.1 Business overview
- 12.1.3.2 Products/Solutions/Services offered
- 12.1.3.3 MnM view
- 12.1.3.3.1 Key strengths/Right to win
- 12.1.3.3.2 Strategic choices
- 12.1.3.3.3 Weaknesses/Competitive threats
- 12.1.4 BRUKER
- 12.1.4.1 Business overview
- 12.1.4.2 Products/Solutions/Services offered
- 12.1.4.3 Recent developments
- 12.1.4.4 MnM view
- 12.1.4.4.1 Key strengths/Right to win
- 12.1.4.4.2 Strategic choices
- 12.1.4.4.3 Weaknesses/Competitive threats
- 12.1.5 AMERICAN SUPERCONDUCTOR
- 12.1.5.1 Business overview
- 12.1.5.2 Products/Solutions/Services offered
- 12.1.5.3 Recent developments
- 12.1.5.4 MnM view
- 12.1.5.4.1 Key strengths/Right to win
- 12.1.5.4.2 Strategic choices
- 12.1.5.4.3 Weaknesses/Competitive threats
- 12.1.6 NEXANS
- 12.1.6.1 Business overview
- 12.1.6.2 Products/Solutions/Services offered
- 12.1.6.3 Recent developments
- 12.1.7 LS CABLE & SYSTEM LTD.
- 12.1.7.1 Business overview
- 12.1.7.2 Products/Solutions/Services offered
- 12.1.7.3 Recent developments
- 12.1.8 KISWIRE ADVANCED TECHNOLOGY CO., LTD.
- 12.1.8.1 Business overview
- 12.1.8.2 Products/Solutions/Services offered
- 12.1.9 METOX TECHNOLOGIES, INC.
- 12.1.9.1 Business overview
- 12.1.9.2 Products/Solutions/Services offered
- 12.1.10 SAM DONG
- 12.1.10.1 Business overview
- 12.1.10.2 Products/Solutions/Services offered
- 12.1.11 THEVA DUNNSCHICHTTECHNIK GMBH
- 12.1.11.1 Business overview
- 12.1.11.2 Products/Solutions/Services offered
- 12.1.11.3 Recent developments
- 12.1.11.3.1 Product launches
- 12.1.11.3.2 Deals
- 12.1.11.3.3 Other developments
- 12.1.12 FIRMETAL GROUP
- 12.1.12.1 Business overview
- 12.1.12.2 Products/Solutions/Services offered
- 12.1.13 SUPEROX
- 12.1.13.1 Business overview
- 12.1.13.2 Products/Solutions/Services offered
- 12.1.14 ASG SUPERCONDUCTORS S.P.A.
- 12.1.14.1 Business overview
- 12.1.14.2 Products/Solutions/Services offered
- 12.1.14.3 Recent developments
- 12.1.14.3.1 Deals
- 12.1.14.3.2 Other developments
- 12.1.15 SUPERCON, INC.
- 12.1.15.1 Business overview
- 12.1.15.2 Products/Solutions/Services offered
- 12.2 OTHER PLAYERS
- 12.2.1 LUVATA
- 12.2.2 JAPAN SUPERCONDUCTOR TECHNOLOGY, INC. (JASTEC)
- 12.2.3 HYPER TECH RESEARCH, INC.
- 12.2.4 AMPEERS LLC
- 12.2.5 WESTERN SUPERCONDUCTING TECHNOLOGIES CO., LTD.
- 12.2.6 SUNAM CO., LTD
- 12.2.7 SUPERNODE
- 12.2.8 CUTTING EDGE SUPERCONDUCTORS, INC.
- 12.2.9 SOLID MATERIAL SOLUTIONS LLC
- 12.2.10 CRYOMAGNETICS
13 APPENDIX
- 13.1 INSIGHTS FROM INDUSTRY EXPERTS
- 13.2 DISCUSSION GUIDE
- 13.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 13.4 CUSTOMIZATION OPTIONS
- 13.5 RELATED REPORTS
- 13.6 AUTHOR DETAILS