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. Superconducting cables with just 20 percent of the thickness of copper cables have an advantage of heightening electric power transmission dimensions a maximum of 10 times (5 times in alternating current, 10 times in direct current) compared to previous cables by using the superconducting phenomenon that electric resistance disappears at -196℃. This means that there is hardly any dissipation of electricity during power transmission. At present, many national research institutions and cable manufacturers are researching and developing this product. The cable market will completely switch to superconducting cables in the future. Many governments are supporting businesses for the commercialization because of the enormous cost of the project.
According to our (Global Info Research) latest study, the global High Temperature Superconductor (HTS) Cables market size was valued at USD 4 million in 2022 and is forecast to a readjusted size of USD 762.9 million by 2029 with a CAGR of 110.7% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global top five manufacturers of High Temperature Superconductor (HTS) Cables occupied for a share about 100 percent, key players are Nexans, SHSC, Furukawa Electric, LS Cable & System and NKT, etc. China is the largest producer of High Temperature Superconductor (HTS) Cables, followed by Europe and Japan.
This report is a detailed and comprehensive analysis for global High Temperature Superconductor (HTS) Cables market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global High Temperature Superconductor (HTS) Cables market size and forecasts, in consumption value ($ Million), sales quantity (Meter), and average selling prices (US$/Meter), 2018-2029
Global High Temperature Superconductor (HTS) Cables market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Meter), and average selling prices (US$/Meter), 2018-2029
Global High Temperature Superconductor (HTS) Cables market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Meter), and average selling prices (US$/Meter), 2018-2029
Global High Temperature Superconductor (HTS) Cables market shares of main players, shipments in revenue ($ Million), sales quantity (Meter), and ASP (US$/Meter), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for High Temperature Superconductor (HTS) Cables
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global High Temperature Superconductor (HTS) Cables market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Nexans, Furukawa Electric, SHSC, LS Cable & System and NKT, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
High Temperature Superconductor (HTS) Cables market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Bi2223 Cables
YBCO Cables
Market segment by Application
Grid and Smart Grid
Industrial Applications
Major players covered
Nexans
Furukawa Electric
SHSC
LS Cable & System
NKT
JSC VNIIKP
SWCC Showa Holdings
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe High Temperature Superconductor (HTS) Cables product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of High Temperature Superconductor (HTS) Cables, with price, sales, revenue and global market share of High Temperature Superconductor (HTS) Cables from 2018 to 2023.
Chapter 3, the High Temperature Superconductor (HTS) Cables competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the High Temperature Superconductor (HTS) Cables breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and High Temperature Superconductor (HTS) Cables market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of High Temperature Superconductor (HTS) Cables.
Chapter 14 and 15, to describe High Temperature Superconductor (HTS) Cables sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on High Temperature Superconductor (HTS) Cables. Industry analysis & Market Report on High Temperature Superconductor (HTS) Cables is a syndicated market report, published as Global High Temperature Superconductor (HTS) Cables Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of High Temperature Superconductor (HTS) Cables market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.