Superconducting power cables act as a bridge between electric energy transmission and distribution. In a superconducting power cable, a superconducting conductor that reaches superconductivity of zero electric resistance below a specific low temperature is used, allowing low-loss transmission of large currents.
Scope of the Report:
The global installation production of superconducting cables increased from 5624 meter in 2013 to 8295 meter in 2017, at a CAGR of 10.2%. In 2017, the global superconducting cables market is led by USA. Europe is the second-largest region-wise market.
Currently, Nexans, AMSC and Furukawa Electric are major manufacturers of this industry. Nexans is a global leader. In 2017, the installation production of Nexans was 1327 meter, and the company holds a share of 16%. In Europe and the United States, Nexans, AMSC and STI are the market leader. Furukawa Electric, SEI and SuNam are leaders in the Asia Pacific market.
The report on the global Superconducting Cables market for the period between 2019 and 2025 has been prepared by conducting an in-depth analysis of the market. The report closely covers the landscape of the industry, the present scenario, its growth prospects, and so on. The report duly considers the revenue generated by the market in the past and comprises an extensively curated list of some of the key vendors functioning in the market.
The semiconductor industry is thriving and is likely to exhibit similar growth over the next couple of years. The digitization drive carried on by the governments in developed and developing economies is expected to catapult the industry on an upward trajectory. Technological developments are anticipated to accelerate revenue creation for the market players in the foreseeable future. The growth of the industry is highly dependent on the innovations brought in by the global leaders.
The competitive landscape represents healthy and neck to neck competition. The industry is likely to attract new entrants and massive investments in the years to come. Thus, the future trajectory is prognosticated to remain immensely lucrative over the next few years. Also, the influx of startups and new companies is projected to facilitate product developments. This, in turn, is poised to catapult the industry on the trajectory of growth.
The introduction of smart technology is the most prominent factor expected to encourage the growth pattern of the industry. It has paved its way across core industry verticals which is anticipated to have a favorable impact on revenue generation. Industry domains such as construction, manufacturing, automotive, etc. are leveraging smart technology for capitalizing on the developmental opportunities available. In addition, the rapid developments in smart technology are likely to intensify the need for advanced semiconductors, thus, supporting industry growth.
Table Of Contents:
1 Market Overview
2 Manufacturers Profiles
3 Global Superconducting Cables Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
4 Global Superconducting Cables Market Analysis by Regions
5 North America Superconducting Cables by Country
6 Europe Superconducting Cables by Country
7 Asia-Pacific Superconducting Cables by Country
8 South America Superconducting Cables by Country
9 Middle East and Africa Superconducting Cables by Countries
10 Global Superconducting Cables Market Segment by Type
11 Global Superconducting Cables Market Segment by Application
12 Superconducting Cables Market Forecast (2019-2024)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
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