Newark, May 20, 2024 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the USD 1.17 billion in 2023 global superconducting wire market will reach USD 2.91 billion by 2033. Superconducting wires are critical in developing high-field magnets for fusion energy research and commercialization. Projects such as ITER (International Thermonuclear Experimental Reactor) and SPARC (SPARC Prototype of the ARC) rely on superconducting magnets to generate and confine plasma at temperatures exceeding 100 million degrees Celsius. As advancements in fusion energy technology progress, there will be a growing demand for high-performance superconducting wires to support these initiatives. Furthermore, superconducting wires are integral to quantum computing systems, offering low-loss interconnects and stable qubit control. The rapid growth of the quantum computing industry presents significant opportunities for superconducting wire manufacturers. As research and development in quantum computing continue to accelerate, there will be increasing demand for superconducting wires optimized for quantum information processing applications.
• ASG Superconductors SpA
• Bruker Corporation
• Eaton Corporation PLC
• Epoch Wires Ltd.
• Fuji Electric Co., Ltd.
• Fujikura Ltd.
• Furukawa Electric Co., Ltd.
• Japan Superconductor Technology Inc.
• LS Cable & System Ltd.
• MetOx Technologies, Inc.
• Nexans SA
• Phoenix Contact
• Superconductor Technologies Inc.
• Sumitomo Electric Industries, Ltd.
• Superox
• Theva Dunnschichttechnik GmbH
• Medium-temperature Superconductor (MTS)
• High-temperature Superconductor (HTS)
• Medical
• Research
• Industry
• Others
• Indirect
• Europe (Germany, France, the UK, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
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(GlobeNewsWire)