According to the new research report titled “Superconductors Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 8,564.61 million by 2028, registering a CAGR of 8.4% from 2022 to 2028.
The major end-users of the superconductors market include military and defense, medical, electronics, energy providers, and telecommunications, among other industries. These companies procure superconductors for applications such as power transmission cables, current leads, fault current limiters, transformers, generators, motors, and energy storage. Thus, the growing importance or demand for efficient superconductors from the end-use industries is expected to positively impact the global superconductors market growth.
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Top Companies :
Bruker Corporation; Furukawa Electric Co. Ltd.; American Superconductor Corporation; Sumitomo Electric Industries, Ltd.; and Hitachi Ltd. are the prominent market participants in the superconductors market. The listing of key players is derived by considering multiple factors such as overall revenue, current superconductors product portfolio, geographical reach, new product launches, market initiatives, and investment in technology up-gradation, partnerships, and other market-related activities. In addition to these players, there are several other important players operating in the superconductors ecosystems which were studies analyzed during the course of this market research study, such as Hyper Tech Research, Inc.; Japan Superconductor Technology, Inc.; Superconductor Technologies Inc.; and Toshiba Corporation.
Superconductors are materials with zero electrical resistance, commonly requiring extremely low temperatures. They are applied in various domains, from medical applications to a central role in quantum computers. Superconductivity is caused by especially linked pairs of electrons known as Cooper pairs. So far, the occurrence of Cooper pairs has been measured indirectly macroscopically in bulk, but a new technique developed by researchers at Aalto University and Oak Ridge National Laboratories in the US can detect their occurrence with atomic precision. They studied the electrical current flowing between an atomically sharp metallic tip and a superconductor and how the current changed depending on how far apart the tip and superconductor were from one another. They could do so while preserving imaging resolution on par with that of individual atoms, enabling them to measure the quantity of Andreev’s reflection returning to the superconductor.
Further, this strategy creates a crucial new methodology for comprehending the internal quantum structure of unusual superconductors, also known as unconventional superconductors. It may enable us to address several important issues in quantum materials. The development of superconductivity at room temperature may be made possible by unconventional superconductors, which are also a potential fundamental building block for quantum computers. In unusual superconductors, cooper pairs feature unique internal structures that have proven difficult to comprehend. As a result, the new quantum material is likely to create new opportunities for the superconductors market over the forecast period.
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