Global High Temperature Superconductor Wire Market - 2019-2026
|高温超電導線材の世界市場：2019年～2026年 Global High Temperature Superconductor Wire Market - 2019-2026|
|出版日: 2020年06月22日||ページ情報: 英文||
High temperature superconductor wire (HTS) is electrical wires which are manufactured by superconductive materials. These wires have zero electrical resistance due to its dielectric design to cool below transition temperatures. These wires have many benefits including potentially high critical current carrying capacity, low transmission loss and environmental friendliness and high efficiency. HTS wire is mostly used in the power grids and power devices installation due to infrastructure development projects incorporated by federal and local governments. The global high temperature superconductor wire market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising demand of high temperature superconductor wire for commercial technology used in wide range of applications like power grid, for high voltage and current transmission due to surge infrastructure development. As per the Semiconductor Industry Associations, the semiconductor materials like high temperature wires, copper wire sale has been increased to USD 34.5 billion in 2020 by 5 percent compared USD 32.9 billion in 2019.
Furthermore, the high temperature superconductor wire has significant demand in the energy sector for the transmission and distribution of electricity. As per the Organization of Economic Co-operation and Development (OECD), the global investment in the power sector is projected to reach at around USD 16.9 trillion by 2035, with an average increasing by USD 675 billion annually. In this power sector 42% investment is from with transmission and distribution networks like high temperature superconductor wire and remaining 58% generates from new generating capacity.
There is a rise in the research and development for of new semiconducting materials based on various materials like thorium, silicon etc may create huge opportunity for the growth of high temperature semiconducting wire market. For instance, on 7th November 2019 in collaboration of Moscow Institute of Physics and Technology, Ivan Troyan of the Institute of Crystallography of RAS and Artem Oganov of Skoltech has been developed a new superconducting material naming thorium decahydride (ThH10), which can sustain very high critical temperature up to 161 Kelvin.
The Global High Temperature Superconductor Wire Market is segmented based on product type, application, and region.
In terms of product type the global High Temperature Superconductor Wire market is bifurcated into Rare earth - Barium - Copper Oxide, Bismuth - Strontium - Calcium - Copper - Oxygen, and others. Among this Rare earth - Barium - Copper Oxide wire has the highest share due to its excellent 2D uniformity of critical current carrying capacity and used in manufacturing of long lengths 2G high temperature semiconducting wires.
Similarly, Bismuth - Strontium - Calcium - Copper - Oxygen segment is also growing at faster pace owing to increasing demand for the energy transmission as its current carrying capacity is 100 times more as compare to the conventional copper wires.
Further, the market is also classified based on the application as medical, energy, manufacturing industry, and others. Among this energy segment has the highest market share in 2019 as surge in the utilization of high temperature superconductor wire by for the transmission and distribution of electricity around the globe. As per the Energy Technology Systems Analysis Programme (ETSAP) Organization in 2014, the European Union has around 10 million km of distribution power lines connected through high temperature superconductor wire for the transmission network with 10,700 interconnection points in this region. This distribution and transmission lines utilizes the high temperature superconductor wire for electricity transfer which propels the demand for this energy segment.
Similarly, electronics, and healthcare industry is also growing at rapid pace which require high temperature superconductor wire for manufacturing of medical devices and other many electronic devices.
By region, the global high temperature superconductor wire market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the global high temperature superconductor wire market and expected to grow at the highest CAGR during the forecasted period due to presence of advanced technology and surge in energy demand followed by Europe region. As per the International Energy Agency, many countries have been making investment in renewable energy like solar power, wind power and many others. For instance the United States government has been allocated USD 32 billion packages for the renewable energy development and transmission. Thus to distribute and transmit the electricity high temperature superconductor wire plays vital role.
The Asia-Pacific region is expected to have positive market growth owing to the growing energy demand in South Asia and Pacific regions in countries such as China, India Japan, and Bangladesh due to surge in population. The increasing advanced technology adoption for computers, electronics devices which require high temperature superconductor wires with surge in manufacturing facilities in this region will boost the growth of this market. The drastic market growth is expected to witness in countries such as China, India, and the UAE due to the rapid economic growth because of rise in energy demand in these countries.
The global high temperature superconductor wire market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Furukawa Electric Co., Ltd., Nexans, Metal Oxide Technologies, Bruker Corporation, American Superconductor Technologies, and SUNAM are the leading market players with significant market share.
Major players are receiving launching new technology materials and growing industrial investments may create huge demand for high temperature superconductor wire for during the forecast period. For instance, AMSC has been received the order of around USD 11 Million of D-VAR System for providing voltage regulation which require in connecting wind power plants to the electric grid.
Companies are entering into the collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance, on 3rd April 2019, Bruker Corporation has been acquired Rave Company for expansion of the semiconductor mask repair and cleaning business.
*The global High Temperature Superconductor Wire market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages.