Europe Superconductor Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Low-Temperature Superconductors and High-Temperature Superconductors) and Application (Medical, Electronics, Defense & Military, and Others)
The superconductor market in Europe is expected to grow from US$ 1,043.40 million in 2022 to US$ 1,784.92 million by 2028. It is estimated to grow at a CAGR of 8.4% from 2022 to 2028.
Superconducting technologies are esoteric systems used in laboratories, electronics, defense, hospitals, and many other places. The capacity of superconductivity to efficiently produce high magnetic fields that are otherwise exceedingly expensive to obtain with traditional materials has long been recognized by large science endeavors. High-field magnets for magnetic resonance imaging, laboratory magnetometers for characterizing minerals and materials, filters for mobile communications, and magnetoencephalography for studying the human brain are the most successful applications outside large science.
Additionally, there are several special safety considerations to keep in mind when utilizing superconducting magnetic equipment, such as nuclear magnetic resonance (NMR), magnetic resonance imaging (MRI), and other equipment. EH&S's Radiation Safety team is responsible for determining specific risks for each facility housing, such as magnetic sources, identifying hazardous areas, reviewing safety precautions, and providing training when needed. Supervisors and lead investigators make sure that all employees are properly trained to carry out the responsibilities that have been delegated to them and that all protective control measures are maintained. This increase in the implementation of safety and environmental management systems is driving the superconductors market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe superconductor market at a substantial CAGR during the forecast period.
Europe Superconductor Market Revenue and Forecast to 2028 (US$ Million)
Europe Superconductor Market Segmentation
The Europe superconductor market is segmented on the basis of type, application, and country. Based on type, the market is segmented into low-temperature superconductors and high-temperature superconductors. In 2022, the low-temperature superconductors segment held a larger market share. On the other hand, the high temperature superconductors are expected to register a higher CAGR during the forecast period.
Based on application, the market is segmented into medical, electronics, defense and military, and others. The medical segment held the largest market share in 2022 and is also expected to register the highest CAGR in the market during the forecast period.
Based on country, the market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. In 2022, Germany held a larger market share. On the other side, and the UK is also expected to register a higher CAGR during the forecast period.
Caterpillar Inc.; CNH Industrial N.V.; Komatsu Ltd.; Liebherr; Terex Corporation; Zoomlion Heavy Industry Science & Technology Co., Ltd.; J C Bamford Excavators Ltd. (JCB); Deere & Company; AB Volvo; and Hitachi Construction Machinery Co., Ltd. are the leading companies in the Europe superconductor market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Superconductors Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Superconductors Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Implementation of Safety and Environmental Management System
5.1.2 Increasing Use of MRI Technology
5.2 Market Restraints
5.2.1 Lower of Standard Testing Facilities
5.3 Market Opportunities
5.3.1 Superconductivity Paves the Way for New Quantum Materials
5.4 Trends
5.4.1 Powerful Superconducting Magnet for Next Generation Light Sources
5.5 Impact Analysis of Drivers and Restraints
6. Europe Superconductors Market Analysis
6.1 Europe Superconductors Market Overview
7. Europe Superconductors Market Analysis – By Type
7.1 Overview
7.2 Europe Superconductors Market, by Type
7.3 Low Temperature Superconductors (LTS)
7.3.1 Overview
7.3.2 Low Temperature Superconductors: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
7.4 High Temperature Superconductors (HTS)
7.4.1 Overview
7.4.2 High Temperature Superconductors: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Superconductors Market – By Application
8.1 Overview
8.2 Europe Superconductors Market, by Application
8.3 Medical
8.3.1 Overview
8.3.2 Medical: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Electronics
8.4.1 Overview
8.4.2 Electronics: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Defense & Military
8.5.1 Overview
8.5.2 Defense & Military: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Superconductors Market – Country Analysis
9.1 Overview
9.1.1 Europe: Superconductors Market, by Key Country
9.1.1.1 France: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 France: Superconductors Market, by Type
9.1.1.1.2 France: Superconductors Market, by Application
9.1.1.2 Germany: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Germany: Superconductors Market, by Type
9.1.1.2.2 Germany: Superconductors Market, by Application
9.1.1.3 Italy: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Superconductors Market, by Type
9.1.1.3.2 Italy: Superconductors Market, by Application
9.1.1.4 UK: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Superconductors Market, by Type
9.1.1.4.2 UK: Superconductors Market, by Application
9.1.1.5 Russia: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Superconductors Market, by Type
9.1.1.5.2 Russia: Superconductors Market, by Application
9.1.1.6 Rest of Europe: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 The Rest of Europe : Superconductors Market, by Type
9.1.1.6.2 Rest of Europe: Superconductors Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
11. Company Profiles
11.1 American Superconductor
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Bruker
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 FURUKAWA ELECTRIC CO., LTD.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Hitachi, Ltd.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Hyper Tech Research, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Sumitomo Electric Industries, Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Toshiba Corporation
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Cryomagnetics
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 FUJI ELECTRIC CO., LTD.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Europe Superconductors Market Revenue and Forecast to 2028 (US$ Million)
Table 2. France: Superconductors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. France: Superconductors Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Superconductors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Superconductors Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy: Superconductors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Superconductors Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 8. UK: Superconductors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Superconductors Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia: Superconductors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Superconductors Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe: Superconductors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Superconductors Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Superconductors Market Segmentation
Figure 2. Europe Superconductors Market Segmentation – By Country
Figure 3. Europe Superconductors Market Overview
Figure 4. Europe Superconductors Market, by Type
Figure 5. Europe Superconductors Market, by Country
Figure 6. Europe – PEST Analysis
Figure 7. Europe Superconductors Market- Ecosystem Analysis
Figure 8. Europe Superconductors Market: Impact Analysis of Drivers and Restraints
Figure 9. Europe Superconductors Market Revenue Forecast and Analysis (US$ Million)
Figure 10. Europe Superconductors Market Revenue Share, by Type (2021 and 2028)
Figure 11. Low Temperature Superconductors: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. High Temperature Superconductors: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Superconductors Market Revenue Share, by Application (2021 and 2028)
Figure 14. Medical: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Electronics: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Defense & Military: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Others: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Geographic Overview of Europe Superconductors Market
Figure 19. Europe: Superconductors Market Revenue Share, by Key Country (2021 and 2028)
Figure 20. France: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Germany: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Italy: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. UK: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Russia: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of Europe: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
- American Superconductor
- Bruker
- FURUKAWA ELECTRIC CO., LTD.
- Hitachi, Ltd.
- Sumitomo Electric Industries, Ltd.
- Toshiba Corporation
- Cryomagnetics
- FUJI ELECTRIC CO., LTD
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe superconductor market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe superconductor market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the superconductor market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution