High Temperature Superconducting Cables Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
35788 | Date :
Jan, 2023 | Pages :
168 | Region : Global |
Publisher : RI
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
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 2018, the Superconducting Cables consumption (sales) in Grid and Smart Grid was 460, and it will reach 22890 in 2030; while the sales market share in Grid and Smart Grid was 93.9% in 2017 and will be 94.4% in 2030. 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.For many people, it seems that superconductor is an emerging industry, and in fact the product has been continuously researched. Large-scale HTS industrial production still seems to take a long time. The low temperature superconductor industry has been developed for many years and the industry chain is relatively mature. Although the profit margin of superconductor is high, the research funds is also phenomenal, in additional to this, the downstream demand is unstable.
The Global High Temperature Superconducting Cables Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
In the global High Temperature Superconducting Cables Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Nexans
Furukawa Electric
SHSC
LS Cable & System
NKT
FGC UES In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
YBCO Cables
Bi-2212 Cables
Bi2223 Cables
Others In Market segmentation by applications :
Grid and Smart Grid
Industrial Applications
Others
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the High Temperature Superconducting Cables Market for the forecast period 2023 - 2030?
• What are the driving forces in the High Temperature Superconducting Cables Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the High Temperature Superconducting Cables industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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