Superconducting Materials Market growth outlook with industry review and forecast 2019-2024 - PowerPoint PPT Presentation

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Superconducting Materials Market growth outlook with industry review and forecast 2019-2024

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An outlook Superconducting Materials Market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years. – PowerPoint PPT presentation

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Title: Superconducting Materials Market growth outlook with industry review and forecast 2019-2024


1
Superconducting Materials Market Growth Outlook
with Industry Review and Forecast 2019-2024
2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2
Global Market Scenario of Superconducting
Materials Industry
  • Superconducting materials market is probable to
    observe highest gains in the medical industry
    during the forecast period. In 2016, medical
    sector had been valued over USD 640 million and
    will have significant growth by 2024.
  • The growth is on account of increasing product
    use in manufacturing machineries used in
    diagnosing and curing diseases including MRI,
    NMR, Magnetoencephalography (MEG) etc.
  • Global superconducting materials market share for
    RD sector is projected to grow at over 17 CAGR
    during the forecast period. The segment growth
    will be mainly due to broad scope of RD across
    various end-user industries including
    telecommunication, electronics, medical,
    transportation, etc. for developing new product
    and services.
  • In 2016, the low temperature product segment had
    generated revenue over USD 400 million. The
    extensive applications in nuclear magnetic
    resonance (NMR) and MRI will drive the product
    demand in the coming years.
  • Compared to their high temperature counterparts,
    low temperature superconducting materials have
    stable operational capabilities and are cost
    efficient. They will thus have higher preferences
    in the forecast period.

2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3
Continue-
  • The superconducting materials market will be
    driven in the forecast period particularly due to
    the increasing government investments towards
    enhancing equipment proficiency.
  • The global MRI equipment industry is expected to
    observe gains more than 10 CAGR over the
    forecast period. Significant rise in the demand
    of magnetic resonance imaging (MRI) will propel
    the market growth by 2024.
  • By 2024, superconducting materials business will
    be substantially driven by the demand from the
    electronics industry. It involves a range of
    applications including elevators, fans, pumps,
    AC, machineries, refrigerator, televisions, etc.
    on account of the resistance free conductivity
    offered by the product.
  • Also, growing consumer expenditure towards
    electronic devices, will drive superconducting
    materials market by 2024.
  • Moreover, efforts on global level for sustainable
    environment attainment will encourage the demand
    for electronic vehicles in the forecast period.
    Such varying market trends for reduction of
    emissions to will foster the product market
    growth.

2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4
Request for sample copy of this research report_at_
https//bit.ly/2XNPUpA
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5
360 Industry Analysis
  • Asia Pacific bears brighter growth prospects in
    the forecast timespan and also held the largest
    market share in 2016, which was more than USD 250
    million.
  • The growth is attributed to the rising medical
    industry due to the improving regional
    infrastructure, increasing health consciousness
    among the populace and enhancing RD sector
    across end-use industries like electronics,
    telecommunication, energy generation,
    transportation, etc.
  • North America is predicted to have more than 16
    CAGR by 2024 on account of recognized medical
    sector equipped with efficient diagnosing
    machinery, coupled with the escalating regional
    electronics industry with foremost technological
    upgradations.
  •  

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2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
6
  • Competitive Analysis
  • Key market players are Superconductor
    Technologies Inc., AML Superconductivity and
    Magnetics, Western Superconducting Technologies
    Co., Ltd., Siemens AG, Sumitomo Electric
    Industries, Ltd., Evico GMBH, Japan
    Superconductor Technology, Inc., CAN
    Superconductors, SuperPower Inc., American
    Superconductor, Hitachi Ltd., Hyper Tech Research
    Inc. and Nexans.

Make An Inquiry For Purchasing This Report
_at_ https//bit.ly/2XSVOWA
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
7
Latest Research Report On Superconducting
Materials Market _at_ https//bit.ly/2QXFthI
Request for sample of this research report_at_
https//bit.ly/2XNPUpA Request for
customization https//bit.ly/33qsSX0
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
8
Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
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