Middle East & Africa 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 Middle East & Africa is expected to grow from US$ 258.23 million in 2022 to US$ 344.51 million by 2028. It is estimated to grow at a CAGR of 4.9% from 2022 to 2028.
Superconducting processors may become an essential component of the next generation of supercomputers. They could, for starters, assist in overcoming the major issue of scaling up quantum computers. Second, they might significantly improve the performance of classic supercomputers while drastically reducing their power usage. A multidisciplinary research initiative will address one of the primary obstacles of this approach, data transport to and from low temperatures required for superconductivity. A quantum computer's processing power is based on superconducting qubits that operate at extremely low temperatures. At room temperature, qubits are commonly operated by conventional electronics connected by electrical lines. When the number of qubits reaches the needed level of hundreds of thousands, the number of control cables becomes incapable of scaling up to match the number of qubits without causing an unacceptable heat load, thereby jeopardizing the quantum processor's low temperature.
One solution is to control the quantum processor with a nearby classical processor. The single flux quantum (SFQ) technology, which follows classical computer logic but employs superconducting technology instead of semiconductors, is the most promising answer. Due to its low-temperature requirements, SFQ has only been employed in a few classical computers. This disadvantage becomes a benefit when utilized in conjunction with superconducting quantum computers. Additionally, the extremely high-power consumption of CPUs and GPUs due to energy dissipation in silicon chips is a major restriction of supercomputers. In GPUs, replacing silicon chips with superconducting SFQ chips could significantly influence both performance and power consumption. Thus, the increase in superconducting chips to scale up quantum computers and supercomputers 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 Middle East & Africa superconductor market at a substantial CAGR during the forecast period.
iddle East & Africa Superconductor Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Superconductor Market Segmentation
The Middle East & Africa 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 South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. In 2022, the UAE held a larger market share. On the other side, and Saudi Arabia is expected to register a higher CAGR during the forecast period.
American Superconductor; Bruker; FURUKAWA ELECTRIC CO., LTD.; Hitachi, Ltd.; Sumitomo Electric Industries, Ltd.; FUJI ELECTRIC CO., LTD.; Toshiba Corporation; and Cryomagnetics are among the leading companies in the Middle East & Africa 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. Middle East & Africa Superconductors Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Middle East & Africa Superconductors Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Boosting Use of MRI Technology
5.1.2 Superconducting Chips to Scale-up Quantum Computers and Boost Supercomputers
5.2 Market Restraints
5.2.1 Scarcity 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. Middle East & Africa Superconductors Market Analysis
6.1 Middle East & Africa Superconductors Market Overview
6.2 Middle East & Africa Superconductors Market Revenue Forecast and Analysis
7. Middle East & Africa Superconductors Market Analysis – By Type
7.1 Overview
7.2 Middle East & Africa 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. Middle East & Africa Superconductors Market – By Application
8.1 Overview
8.2 Middle East & Africa 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. Middle East & Africa Superconductors Market – Country Analysis
9.1 Overview
9.1.1 MEA: Superconductors Market, by Key Country
9.1.1.1 South Africa: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Superconductors Market, by Type
9.1.1.1.2 South Africa: Superconductors Market, by Application
9.1.1.2 Saudi Arabia: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Superconductors Market, by Type
9.1.1.2.2 Saudi Arabia: Superconductors Market, by Application
9.1.1.3 UAE: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Superconductors Market, by Type
9.1.1.3.2 UAE: Superconductors Market, by Application
9.1.1.4 Rest of MEA: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Superconductors Market, by Type
9.1.1.4.2 Rest of MEA: 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 Sumitomo Electric Industries, Ltd.
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 Toshiba Corporation
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 Cryomagnetics
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 FUJI ELECTRIC CO., LTD.
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
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Middle East & Africa Superconductors Market Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa: Superconductors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Superconductors Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia: Superconductors Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Superconductors Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE: Superconductors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: Superconductors Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of MEA: Superconductors Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA: Superconductors Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Superconductors Market Segmentation
Figure 2. Middle East & Africa Superconductors Market Segmentation – By Country
Figure 3. Middle East & Africa Superconductors Market Overview
Figure 4. Middle East & Africa Superconductors Market, by Type
Figure 5. Middle East & Africa Superconductors Market, by Country
Figure 6. Middle East & Africa – PEST Analysis
Figure 7. Middle East & Africa Superconductors Market- Ecosystem Analysis
Figure 8. Middle East & Africa superconductors Market: Impact Analysis of Drivers and Restraints
Figure 9. Middle East & Africa Superconductors Market Revenue Forecast and Analysis (US$ Million)
Figure 10. Middle East & Africa 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. Middle East & Africa 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 Middle East & Africa Superconductors Market
Figure 19. MEA: Superconductors Market Revenue Share, by Key Country (2021 and 2028)
Figure 20. South Africa: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Saudi Arabia: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. UAE: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Rest of MEA: 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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