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Superconductor Market to See CAGR of 3.64% 2015-2019
September 4, 2015 | PRNewswireEstimated reading time: 1 minute
Superconductors are materials that allow the passage of electricity with zero resistance at their critical temperature (Tc). Due to zero resistance, there is no loss of energy in the form of heat or sound. A superconductor is not affected by external magnetic fields when in its superconducting state due to the Meissner effect, which is a unique property exhibited by them. The demand for superconductors has been increasing rapidly due to their wide adoption in various applications in the commercial, medical, and industrial sectors.
Technavio's analysts forecast the global superconductor market to grow at a CAGR of 3.64% over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the global superconductor market for the period 2015-2019. Based on application, the market is categorized into four: MRI, RTD, large-scale, and electronics.
Technavio's report, Global Superconductor Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report categorizes the market based on technology, such as low-temperature superconductors (LTS) and high-temperature superconductors (HTS). The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global superconductor market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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