High Temperature Superconducting Fibers Market - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

High temperature superconducting fibers are typically used for the production of superconductors at high temperatures. These fibers find applications in various industries such as energy, electronics, healthcare, transportation, research and development, and medical. There has been a substantial amount of research on superconductivity, which has led to its increasing use in various applications. Furthermore, high temperature superconducting materials such as yttrium barium copper oxide are usually preferred with superconducting fiber for various applications. Moreover, high temperature superconductor induced magnets find applications in fusion reactors for the production of a huge magnetic field. Although they stop operating when a part of superconducting coil enters a resistive state. For this, manufacturers are focused on developing temperature and strain sensors that are based on fiber optic.

Market Outlook

Global high temperature superconducting fibers market size is projected to expand significantly during the forecast period (2019-2027), owing to growing use of high temperature superconducting fibers in various industries. Increasing demand for high temperature superconducting fibers for various applications such as transformation, storage, electric energy generation, and transmission is expected to be the major factors driving growth of the market in the near future. Moreover, high temperature superconducting fibers are predominantly used electric power equipment including fault current limiters, power cabling, transformers, energy storage, motor, and generators, which is expected to boost its demand and thereby support the market growth in the near future. Furthermore, increasing demand for sustainable energy conversion and production along with growing energy consumption is expected to increase the demand for high temperature superconducting fibers and hence drive the market growth.

Growing demand for electricity around the world poses excellent opportunities for market players in global high temperature superconducting fibers market during the forecast period.

Market Regional Analysis

Asia Pacific is projected to account for the largest market share in the global high temperature superconducting fibers market during the forecast period. This is owing to increasing industrialization in emerging economies in the region. South Korea, Japan, and India are expected to be leading contributors in the region.  North America is expected to witness significant market growth during the forecast period, owing to high presence of key manufacturers of high temperature superconducting fibers in the region. Europe and the rest of the world (ROW) are expected to witness moderate growth in the market during the forecast period.

Market Players

Key players operating in the global high temperature superconducting fibers market are    Hyper Tech Research, Inc., SuperPower, Inc., Bruker Energy & Supercon Technologies, Inc., Superconducting Technologies, Inc., and AMSC.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.