Sep 8 2008
According to a new technical market research report, SUPERCONDUCTORS: TECHNOLOGIES AND GLOBAL MARKETS (AVM066A) from BCC Research, the global market for superconductors was valued at $1.4 billion in 2007 and is expected to increase to $1.4 billion by the end of 2008.
It should reach $2.7 billion in 2013, for a compound annual growth rate (CAGR) of 13.9%.
The market is broken down into segments of superconductivity magnets, electrical equipment and electronics. Superconducting magnets, particularly those used in science, research and technology development and health care applications, dominate the market. However, superconducting electrical equipment (e.g., transformers, generators, motors, power storage and cable) is expected to capture nearly a quarter of the market by 2013.
Superconducting magnets were valued at $1.3 billion in 2007 and are expected to increase to $1.4 billion in 2008. This segment is expected to reach $1.7 billion in 2013, for a CAGR of 4.4%.
Electrical equipment, the second largest segment, was worth $19.5 million in 2007. It is expected to reach $20.5 million in 2008 and $905.6 million in 2013, for a CAGR of 113.3%. Electronics represents the next largest segment, generating estimated revenues of $9.7 million in 2008. This is expected to reach $95.0 million in 2013, a CAGR of 57.8%.
Science, research and technology development accounted for more than a quarter of the superconductivity market in 2007 and health care virtually all of the remainder. In 2013, science, research and technology still should account for 22.0% of the market, but health care should slip to 43.0%. Most of the drop in health care’s share should be made up by electric utilities, which should account for 19.2% of the market in 2013, and transport, at 7.7% in 2013.
Posted September 8th, 2008