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Asia Pacific Superconductor Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Low-Temperature Superconductors and High-Temperature Superconductors) and Application (Medical, Electronics, Defense & Military, and Others)

The superconductor market in Asia Pacific is expected to grow from US$ 1,699.81 million in 2022 to US$ 3,014.48 million by 2028. It is estimated to grow at a CAGR of 10.0% from 2022 to 2028.

These previously thought these things impossible with a powerful enough light source. Large-scale light source facilities produce this strong light, and scientists use it to develop stronger materials, make computers and batteries more effective, and understand the natural world. When it comes to building these massive facilities, space is money. If you can get higher-energy beams of light out of smaller devices, they can save millions on construction costs. Additionally, they have created a brand-new, cutting-edge, half-meter-long prototype magnet that satisfies the standards for usage in the present and future light source facilities and has been extensively tested. This material is ideal for creating what is known as undulator magnets because it can produce strong magnetic fields while remaining in a superconducting condition, which means it offers no resistance to the current flowing through it.

Draining the energy electrons release as they move around inside a storage ring, light sources, such as the APS, produce beams of photons (light particles). The devices that transform that energy into the light are known as undulator magnets, and the higher the magnetic field you can produce with them, the more photons you can produce from a given size device. However, Scientists at DOE national laboratories have created and tested an enhanced, more powerful superconducting magnet built of niobium and tin for use in the next generation of light sources after more than 15 years of development. Thus, the growing trend of the powerful superconducting magnet for next-generation light sources is expected to aid the growth of the superconductors market during the forecast period.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific superconductor market at a substantial CAGR during the forecast period.

Asia Pacific Superconductor Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Superconductor Market Segmentation

The Asia Pacific superconductor market is segmented on the basis of type, application, and country. Based on type, the market is segmented into low-temperature superconductors and high-temperature superconductors. In 2022, the low-temperature superconductors segment held a larger market share. On the other hand, the high temperature superconductors are expected to register a higher CAGR during the forecast period.

Based on application, the market is segmented into medical, electronics, defense and military, and others. The medical segment held the largest market share in 2022 and is also expected to register the highest CAGR in the market during the forecast period.

Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. In 2022, China held a larger market share. On the other side, and it is also expected to register a higher CAGR during the forecast period.

Caterpillar Inc.; CNH Industrial N.V.; Komatsu Ltd.; Liebherr; Terex Corporation; Zoomlion Heavy Industry Science & Technology Co., Ltd.; J C Bamford Excavators Ltd. (JCB); Deere & Company; AB Volvo; and Hitachi Construction Machinery Co., Ltd. are the leading companies in the Asia Pacific superconductor market.

TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Superconductors Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Asia Pacific Superconductors Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Implementation of Safety and Environmental Management System
5.1.2 Heighten Use of MRI Technology
5.2 Market Restraints
5.2.1 Inadequacy of Standard Testing Facilities
5.3 Market Opportunities
5.3.1 Superconductivity Paves the Way for New Quantum Materials
5.4 Trends
5.4.1 Powerful Superconducting Magnet for Next Generation Light Sources
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Superconductors Market Analysis
6.1 Asia Pacific Superconductors Market Overview
6.2 Asia Pacific Superconductors Market Revenue Forecast and Analysis
7. Asia Pacific Superconductors Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific Superconductors Market, by Type
7.3 Low Temperature Superconductors (LTS)
7.3.1 Overview
7.3.2 Low Temperature Superconductors: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
7.4 High Temperature Superconductors (HTS)
7.4.1 Overview
7.4.2 High Temperature Superconductors: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Superconductors Market – By Application
8.1 Overview
8.2 Asia Pacific Superconductors Market, by Application
8.3 Medical
8.3.1 Overview
8.3.2 Medical: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Electronics
8.4.1 Overview
8.4.2 Electronics: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Defense & Military
8.5.1 Overview
8.5.2 Defense & Military: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Superconductors Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Superconductors Market, by Key Country
9.1.1.1 Australia: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Superconductors Market, by Type
9.1.1.1.2 Australia: Superconductors Market, by Application
9.1.1.2 China: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Superconductors Market, by Type
9.1.1.2.2 China: Superconductors Market, by Application
9.1.1.3 India: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Superconductors Market, by Type
9.1.1.3.2 India: Superconductors Market, by Application
9.1.1.4 Japan: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Superconductors Market, by Type
9.1.1.4.2 Japan: Superconductors Market, by Application
9.1.1.5 South Korea: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Superconductors Market, by Type
9.1.1.5.2 South Korea: Superconductors Market, by Application
9.1.1.6 Rest of APAC: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Superconductors Market, by Type
9.1.1.6.2 Rest of APAC: Superconductors Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
11. Company Profiles
11.1 American Superconductor
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Bruker
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 FURUKAWA ELECTRIC CO., LTD.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Hitachi, Ltd.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Japan Superconductor Technology, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Sumitomo Electric Industries, Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Toshiba Corporation
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Cryomagnetics
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 FUJI ELECTRIC CO., LTD.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index

LIST OF TABLES

Table 1.             Asia Pacific Superconductors Market Revenue and Forecast to 2028 (US$ Million)
Table 2.             Australia: Superconductors Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3.             Australia: Superconductors Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 4.             China: Superconductors Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5.             China: Superconductors Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 6.             India: Superconductors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 7.             India: Superconductors Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 8.             Japan: Superconductors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 9.             Japan: Superconductors Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 10.          South Korea: Superconductors Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11.          South Korea: Superconductors Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 12.          Rest of APAC: Superconductors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 13.          Rest of APAC: Superconductors Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14.          List of Abbreviation
 
 

LIST OF FIGURES

Figure 1.           Asia Pacific Superconductors Market Segmentation
Figure 2.           Asia Pacific Superconductors Market Segmentation – By Country
Figure 3.           Asia Pacific Superconductors Market Overview
Figure 4.           Asia Pacific Superconductors Market, by Type
Figure 5.           Asia Pacific Superconductors Market, by Country
Figure 6.           Asia Pacific – PEST Analysis
Figure 7.           Asia Pacific Superconductors Market- Ecosystem Analysis
Figure 8.           Asia Pacific Superconductors Market: Impact Analysis of Drivers and Restraints
Figure 9.           Asia Pacific Superconductors Market Revenue Forecast and Analysis (US$ Million)
Figure 10.        Asia Pacific Superconductors Market Revenue Share, by Type (2021 and 2028)
Figure 11.        Low Temperature Superconductors: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12.        High Temperature Superconductors: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13.        Asia Pacific Superconductors Market Revenue Share, by Application (2021 and 2028)
Figure 14.        Medical: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15.        Electronics: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16.        Defense & Military: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17.        Others: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18.        Geographic Overview of Asia Pacific Superconductors Market
Figure 19.        Asia Pacific: Superconductors Market Revenue Share, by Key Country (2021 and 2028)
Figure 20.        Australia: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21.        China: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22.        India: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23.        Japan: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24.        South Korea: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25.        Rest of APAC: Superconductors Market – Revenue and Forecast to 2028 (US$ Million)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific superconductor market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific superconductor market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the superconductor market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

The List of Companies – Asia Pacific Superconductor Market

● American Superconductor
● Bruker
● FURUKAWA ELECTRIC CO., LTD.
● Hitachi, Ltd.
● Sumitomo Electric Industries, Ltd.            
● Toshiba Corporation
● Cryomagnetics
● FUJI ELECTRIC CO., LTD.                                         
● Japan Superconductor Technology, Inc.          

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