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SUPERCONDUCTING MAGNETS

Global Market Trajectory & Analytics

MCP-6605

VALIDATED EXECUTIVE ENGAGEMENTS

POOL + OUTREACH

15227
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

1523
Interactions with Platform & by Email

PARTICIPANTS

303
Unique # Participated

VALIDATIONS

136
Responses Validated*
* Login to view program details and full enterprise executive list.

DATE

JULY 2020

TABLES

57

PAGES

210

EDITION

18

PRICE

USD $5450


GLOBAL EXECUTIVE SURVEY

Impact of Pandemic & Economic Slowdown

Monitor Market Dynamics!

Early March 2020, we reached out to senior enterprise executives who are driving strategy, business development, marketing, sales, product management, technology and operations at competitive firms worldwide. Our ongoing survey is focused on how this will this affect their business ecosystems. We invite you to participate in our survey and add to collective perspectives. Market movements are tracked for 2020, 2021 and broadly for the period of 2022 through 2025. Critical changes are monitored dynamically for the rest of this year. Updated analytics will reflect new and evolving market realities. Our first update scheduled for May 2020 and another in the Fall. Clients receive complimentary updates during 2020. If your company is a recent client for this project, we may have already reached out to your colleagues to participate in our program. If you're an active player in the space but hasn't yet subscribed to our project, we invite you to participate and share your perspectives. Please sign-up here.

The global market for Superconducting Magnets is projected to reach US$3.6 billion by the year 2027 trailing a CAGR of 2.4%. Growing density of MRI machines and imaging per capita per million people supported by rising incidence of cancer will push up demand for superconducting magnets in manufacturing MRI machines over the long-term. Post pandemic focus on the environment & renewable energy will spur expansion of wind farms & demand for wind turbines which use superconducting magnets to reduce the weight of a generator by replacing the direct drive's permanent magnets. Spike in drug development, robust growth of Contract Research Organizations (CROs) & mushrooming of environmental diagnostic labs will spur demand for Mass Spectrometry, an important class of analytical instrument that uses superconducting magnets.


Superconductivity is the capability of certain alloys, metals and ceramic materials to allow flow of electrical current without any electrical resistance as well as energy dissipation. The phenomenon develops at below a specific critical temperature, which is between 30 K (-243o C) & 120 K (-153o C) for HTS (high temperature superconductors) and less than 20 K (-253o C) for LTS (low temperature superconductors). If the temperature rises and exceeds critical value, superconducting characteristics of the materials are lost. Superconducting properties are also known to be lost in the event of exposure to powerful external magnetic fields or high current density. Critical values of temperatures, current density and magnetic field are specific traits of every superconductor material. Majority of the existing superconductors are based on niobium (Nb) and Nb-alloys LTS wires that have already reached a high industrialization level. The use of LTS wire is typical in the production of small superconducting magnets for diagnostics in medical field such as Magnetic Resonance Imaging (MRI); in research applications; as well as in large superconducting magnets meant for globally renowned experimental facilities, for instance nuclear fusion, detectors and particle accelerators for high-energy physics.


Growth in the market will be bolstered by ongoing R&D activities intended to push end-uses and expand product portfolios. Superconducting magnets are electromagnets made using superconducting wire coils that display excellent magnetic characteristics at cryogenic temperatures. These magnets exhibit almost zero resistance at superconducting state to conduct considerably large current and create intense magnetic fields. These magnets are cost-effective to operate owing to no dissipation of energy as heat in windings. Superconducting magnets hold several merits over electromagnets, and generate a magnetic field of up to 21.14T, which is considerably higher than the magnetic field associated permanent magnets. These advantages make superconducting magnets a perfect option for a broad range of applications, especially in the medical industry. These magnets are commonly used in MRI machines and gain from consistent expansion of the medical devices and equipment market. In addition, superconducting magnets are incorporated into scientific equipment like NMR spectrometers, fusion reactors, mass spectrometers and particle accelerators. The increasing adoption of MRIs in the healthcare industry for clinical diagnosis is anticipated to create new growth opportunities for the global superconducting magnets market. The use of superconducting magnets with NMR technology is a common approach to cure certain serious medical conditions like cancer. Moreover, the use of compact semiconductor-based power generators in wind power projects and increasing focus on superconducting magnetic energy storage system (SMES) systems are expected to present new growth opportunities for the global market.

Agilent Technologies, Inc.; ASG Superconductors SpA; Bruker Corporation; Columbus Superconductors SpA; Eriez Manufacturing Co.; Fujikura Ltd.; Mitsubishi Electric Corporation; Siemens AG; Sumitomo Electric Industries Ltd.; SuperPower, Inc.
» Application (Medical Devices & Equipment, Mass Spectrometers, Transportation, Other Applications)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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05
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
An Introduction to Superconductivity
Critical Temperatures of Select Superconductors
Superconducting Magnet: A Prelude
Major End-Use Applications of Superconducting Magnets
Global Market Prospects & Outlook
Medical Devices & Equipment Remains Key Application Segment
Asian Economies At the Forefront of Growth
Competition
World Brands
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Medical Devices Industry Continues to Stimulate Growth in Superconducting Magnets Market
EXHIBIT: World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
Growing Applications in MRI Equipment
EXHIBIT: Equipment Density Correlates With Number of Imaging Procedures: Magnetic Resonance Imaging (MRI) Units in Select Countries (Per Million Population): 2020E
EXHIBIT: Global MRI Market by Application (in %): 2020E
Rising Cancer Incidence & Use of NMR Equipment in Cancer Therapy Drives Demand for Superconducting Magnets
EXHIBIT: Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
EXHIBIT: Number of New Cancer Cases and Deaths (in Million) by Region for 2019
Market Supported by the Rising Significance of Superconducting Magnetic Energy Storage (SMES) Systems
Role of Superconducting Magnets in Reducing Weight and Size of Wind Turbines Fuels Prospects
EXHIBIT: Increase in Wind Power Deployments Present Opportunity for Superconducting Magnets: World Installed Base of Wind Energy (in Megawatts) by Geographic Region: 2018, 2021 & 2024
Mass Spectrometers Market: High Growth Potential
EXHIBIT: Global Mass Spectrometry Market Size (in US$ Billion) for the Years 2019, 2019 & 2025
Superconducting Magnets and Molecular Biology Open Up Opportunities in Drug Discovery Space
Sophisticated High-Temperature Superconducting Magnets to Enable New Scientific and Industrial Applications
Focus on Nuclear Fusion Research Augurs Well for the Market
Transportation Sector Remains a Highly Promising Market for Semiconducting Magnets
Maglev Technology to Radically Transform the World of Transportation
Powerful Superconducting Magnets for High-Energy Colliders
Next-Generation Superconductor Magnets Open Realms of Innovative Applications
Researchers from MagLab Achieve Record Magnetic Field Intensity
Researchers Develop and Demonstrate 32T Superconducting Magnet
New Conducing Layer to Push Critical Temperature for Superconductivity
Sophisticated 32T Superconducting Magnet to Open New Avenues in Technology
Advances in Cryogenics and Superconducting Materials Enable Compact Magnets
CERN Eyes on High-Field Superconducting Magnets for Novel Applications
Superconducting Magnets to Find Use in Satellite Propulsion Systems
Superconducting Transition Provides Opportunity to Exploit Quantum Information Technologies
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Superconducting Magnets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027
World Historic Review for Superconducting Magnets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
World 15-Year Perspective for Superconducting Magnets by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2012, 2020 & 2027
World Current & Future Analysis for Medical Devices & Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027
World Historic Review for Medical Devices & Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
World 15-Year Perspective for Medical Devices & Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2020 & 2027
World Current & Future Analysis for Mass Spectrometers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027
World Historic Review for Mass Spectrometers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
World 15-Year Perspective for Mass Spectrometers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2020 & 2027
World Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027
World Historic Review for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
World 15-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2020 & 2027
World Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027
World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2020 & 2027
GEOGRAPHIC MARKET ANALYSIS
United States
USA Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
USA Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
USA 15-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2012, 2020 & 2027
Canada
Canada Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Canada Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
Canada 15-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2012, 2020 & 2027
Japan
Japan Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Japan Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
Japan 15-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2012, 2020 & 2027
China
China Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
China Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
China 15-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2012, 2020 & 2027
Europe
Europe Current & Future Analysis for Superconducting Magnets by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027
Europe Historic Review for Superconducting Magnets by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
Europe 15-Year Perspective for Superconducting Magnets by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2020 & 2027
Europe Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Europe Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
Europe 15-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2012, 2020 & 2027
France
France Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
France Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
France 15-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2012, 2020 & 2027
Germany
Germany Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Germany Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
Germany 15-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2012, 2020 & 2027
Italy
Italy Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Italy Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
Italy 15-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2012, 2020 & 2027
United Kingdom
UK Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
UK Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
UK 15-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2012, 2020 & 2027
Rest of Europe
Rest of Europe Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Rest of Europe Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
Rest of Europe 15-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2012, 2020 & 2027
Asia-Pacific
Asia-Pacific Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Asia-Pacific Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
Asia-Pacific 15-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2012, 2020 & 2027
Latin America
Latin America Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Latin America Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
Latin America 15-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2012, 2020 & 2027
Rest of World
Rest of World Current & Future Analysis for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Rest of World Historic Review for Superconducting Magnets by Application - Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
Rest of World 15-Year Perspective for Superconducting Magnets by Application - Percentage Breakdown of Value Sales for Medical Devices & Equipment, Mass Spectrometers, Transportation and Other Applications for the Years 2012, 2020 & 2027
Total Companies Profiled : 29

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