Superconducting Cables Consumption Industry Analysis & Outlook 2018-2022 by Marketresearchpro

Superconducting Cables Consumption research report

Researchvector has recently published a report named "Documenting The Market Growth Of Superconducting Cables Consumption Industry: 2017-2025" focussing on the Superconducting Cables Consumption which holds a huge market share in 2018 both in terms of value and volume. This report intends to study the developments of the Superconducting Cables Consumption market in, including its development status, applicant profiles and future trends, along with focus on the top players in the market. To understand all of it, this well-researched report will reveal the market situation in general for you, along with the future forecast of the market.

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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.

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.

As the transmission medium for HVDC applications, superconductor cables can move virtually any amount of power with much greater efficiency than any other transmission technology – and they move it underground, out of site and out of harm’s way. In 2017, the Superconducting Cables consumption (sales) in Grid and Smart Grid was 4881, and it will reach 11690 in 2024; while the sales market share in Grid and Smart Grid was 58.84% in 2017 and will be 58.88% in 2024. Within the next 10 years, superconducting power cables could offer significant power transmission solutions for densely populated, high load areas.

Superconductors come in two types, low-temperature (LTS) and high-temperature (HTS). At present, the main type of superconducting cables is the second-generation YBCO Cables, which will also be the mainstream of future development. The first generation HTS will gradually be eliminated. However, YBCO Cables maybe quickly be eliminated by the new materials with better cost and performance in the future. Therefore, the core technology of superconducting cables is superconducting materials.

These unique characteristics of superconducting cables make them an attractive technology, especially in urban areas where underground space and land availability is limited. In these urban areas, the networks are most often reaching their capacity limits, making the case for investigating the feasibility of using HTS cables in electricity distribution networks even stronger. However, the high cost is a key factor limiting the development of this industry.

Over the next five years, LPI(LP Information) projects that Superconducting Cables will register a 12.2% CAGR in terms of revenue, reach US$ 420 million by 2023, from US$ 210 million in 2017.

What Are The Growth Factors That Drive Superconducting Cables Consumption Market

Growth in the Superconducting Cables Consumption market has increased the demand for Superconducting Cables Consumption. The higher profit growth have increased the demand for {Products} in the Superconducting Cables Consumption market. Other factors that are driving the growth of Superconducting Cables Consumption market are:

  • Growing population
  • The rise in technological advancements
  • The total market size
  • Key market drivers
  • Major players in the market
  • The growing disposable income

You will get a look at the customised market segments according to geographical regions, country or even different combinations of manufacturers in the market @ https://researchvector.com/2018/10/05/2018-2023-global-superconducting-cables-consumption-market-report/

What Are The Main Criterias To Understand The Superconducting Cables Consumption Market?

These are the factors that are will essentials to the Superconducting Cables Consumption market. If you do not have access to these information, to understand the Superconducting Cables Consumption market would be futile:

Market PlayersProductsUser ApplicationsRegions
Nexans, AMSC, MetOx, Furukawa Electric, STI, Bruker, Fujikura, SEI, SuNam, SHSC, Innost
  • YBCO Cables
  • Bi-2212 Cables
  • Bi2223 Cables
  • Others
  • Segmentation by application:
  • Grid and Smart Grid
  • Industrial Applications
  • Others

  • Grid and Smart Grid
  • Industrial Applications
  • Others

United States, Canada, Mexico, Brazil, China, Japan, Korea, Southeast Asia, India, Australia, Germany, France, UK, Italy, Russia, Spain, Egypt, South Africa, Israel, Turkey, GCC Countries

Basic Understanding Of The Superconducting Cables Consumption Market

By now you must have got an answer to most of your queries on the Superconducting Cables Consumption market. This report will provide you an assessment of majorly the following:

  • Overview of the products in the Superconducting Cables Consumption market
  • The revenue generation and sales data of the Superconducting Cables Consumption market
  • The overview of the market size of Superconducting Cables Consumption market
  • The leading manufacturers and suppliers of the Superconducting Cables Consumption market
  • The cost analysis strategy of the manufacturers
  • Basic challenges faced by market players depending on their market position

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The major years that will be considered to estimate the market size of Superconducting Cables Consumption are as follow:

  • History year: 2013-2017
  • Base year: 2017
  • Estimated year: 2018
  • Forecast year 2018 to 2025

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About the Author: Sarah Junnis

Sarah Junnis covers news and social issues for the island Post Gazette. She joined the newspaper in 2015 as an intern and returned as staff the next year after completing graduate studies in journalism at Ryerson University in Toronto. In 2007, Sarah received a fellowship from the Jack Webster Foundation to report on development issues in sub-Saharan Africa. She has also reported for Reader's Digest, The Vancouver Sun , Toronto Star and the Tyee.

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