The Latin America, Middle East and Africa Superconducting Wire Market would witness market growth of 11.2% CAGR during the forecast period (2022-2028).
Superconducting power cable is the best choice in metropolitan locations with limited space due to their small size. For instance, the project "Best Pathways" designed by Nexans' superconducting power cables only needs underground passageways that are one meter wide. Contrarily, traditional copper cable systems need an underground passageway 10 meters wide. In major cities, the rise in population has led to problems with electricity supply with low carbon dioxide emissions. Moreover, grid congestion has increased as a result of urbanization.
NKT created a superconducting power wire that could move a lot of power through a little space. This would reduce the need to build underground conduits. Losses in transmission would also be eliminated. As a result, there would be a reduction in carbon dioxide emissions. Hence, in the near future, it is anticipated that both a growth in the demand for electricity globally and the use of superconducting wires in power grids will raise the demand for these cables.
Brazil's installed wind capacity dominates the region of Latin America. Moreover, the region's major marketplaces include nations like Chile and Uruguay. Therefore, the demand for high-temperature superconducting cable is anticipated to expand at healthy rates in the upcoming years due to the expansion of wind development in the region. Additionally, maritime breezes offer exciting potential for Latin America. The initial moves towards developing offshore wind power were made in Colombia and Brazil. The initial sectoral development initiatives were taken by Brazil and Colombia. Using the expertise of the offshore hydrocarbon industry is one of the keys to maximizing the service and industrial impact of the deployment of offshore wind projects on the remaining production network.
The Brazil market dominated the LAMEA Superconducting Wire Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $31.5 Million by 2028. The Argentina market is experiencing a CAGR of 11.8% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 10.9% during (2022 - 2028).
Based on Type, the market is segmented into Low Temperature Superconductor, Medium Temperature Superconductor and High Temperature Superconductor. Based on Sales Channel, the market is segmented into Direct and Indirect. Based on End User, the market is segmented into Medical, Energy, Research, Transportation, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Superconducting Wire Market is Projected to reach USD 1.6 Billion by 2028, at a CAGR of 9.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bruker Corporation, Furukawa Electric Co., Ltd., Fujikura Ltd., Eaton Corporation PLC, FUJI ELECTRIC CO., LTD., Phoenix Contact GmbH & Co. KG, Sumitomo Electric Industries, Ltd., Nexans SA, LS Cable & System Ltd., and MetOx Technologies, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Low Temperature Superconductor
- Medium Temperature Superconductor
- High Temperature Superconductor
By Sales Channel
By End User
- Medical
- Energy
- Research
- Transportation
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Bruker Corporation
- Furukawa Electric Co., Ltd.
- Fujikura Ltd.
- Eaton Corporation PLC
- FUJI ELECTRIC CO., LTD.
- Phoenix Contact GmbH & Co. KG
- Sumitomo Electric Industries, Ltd.
- Nexans SA
- LS Cable & System Ltd.
- MetOx Technologies, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Superconducting Wire Market, by Type
1.4.2 LAMEA Superconducting Wire Market, by Sales Channel
1.4.3 LAMEA Superconducting Wire Market, by End User
1.4.4 LAMEA Superconducting Wire Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Superconducting Wire Market by Type
3.1 LAMEA Low Temperature Superconductor Market by Country
3.2 LAMEA Medium Temperature Superconductor Market by Country
3.3 LAMEA High Temperature Superconductor Market by Country
Chapter 4. LAMEA Superconducting Wire Market by Sales Channel
4.1 LAMEA Direct Market by Country
4.2 LAMEA Indirect Market by Country
Chapter 5. LAMEA Superconducting Wire Market by End User
5.1 LAMEA Medical Market by Country
5.2 LAMEA Energy Market by Country
5.3 LAMEA Research Market by Country
5.4 LAMEA Transportation Market by Country
5.5 LAMEA Others Market by Country
Chapter 6. LAMEA Superconducting Wire Market by Country
6.1 Brazil Superconducting Wire Market
6.1.1 Brazil Superconducting Wire Market by Type
6.1.2 Brazil Superconducting Wire Market by Sales Channel
6.1.3 Brazil Superconducting Wire Market by End User
6.2 Argentina Superconducting Wire Market
6.2.1 Argentina Superconducting Wire Market by Type
6.2.2 Argentina Superconducting Wire Market by Sales Channel
6.2.3 Argentina Superconducting Wire Market by End User
6.3 UAE Superconducting Wire Market
6.3.1 UAE Superconducting Wire Market by Type
6.3.2 UAE Superconducting Wire Market by Sales Channel
6.3.3 UAE Superconducting Wire Market by End User
6.4 Saudi Arabia Superconducting Wire Market
6.4.1 Saudi Arabia Superconducting Wire Market by Type
6.4.2 Saudi Arabia Superconducting Wire Market by Sales Channel
6.4.3 Saudi Arabia Superconducting Wire Market by End User
6.5 South Africa Superconducting Wire Market
6.5.1 South Africa Superconducting Wire Market by Type
6.5.2 South Africa Superconducting Wire Market by Sales Channel
6.5.3 South Africa Superconducting Wire Market by End User
6.6 Nigeria Superconducting Wire Market
6.6.1 Nigeria Superconducting Wire Market by Type
6.6.2 Nigeria Superconducting Wire Market by Sales Channel
6.6.3 Nigeria Superconducting Wire Market by End User
6.7 Rest of LAMEA Superconducting Wire Market
6.7.1 Rest of LAMEA Superconducting Wire Market by Type
6.7.2 Rest of LAMEA Superconducting Wire Market by Sales Channel
6.7.3 Rest of LAMEA Superconducting Wire Market by End User
Chapter 7. Company Profiles
7.1 Bruker Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.2 Nexans SA
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Acquisition and Mergers:
7.3 LS Cable & System Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Recent strategies and developments:
7.3.3.1 Geographical Expansions:
7.4 Furukawa Electric Co., Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.5 Sumitomo Electric Industries, Ltd.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional & Segmental Analysis
7.5.4 Research & Development Expenses
7.6 Fujikura Ltd.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.7 Eaton Corporation PLC
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental Analysis
7.7.4 Research & Development Expense
7.8 Fuji Electric Co. Ltd.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.9 Phoenix Contact GmbH & Co. KG
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Acquisition and Mergers:
7.10. MetOx Technologies, Inc.
7.10.1 Company Overview
TABLE 1 LAMEA Superconducting Wire Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Superconducting Wire Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Superconducting Wire Market by Type, 2018 - 2021, USD Million
TABLE 4 LAMEA Superconducting Wire Market by Type, 2022 - 2028, USD Million
TABLE 5 LAMEA Low Temperature Superconductor Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Low Temperature Superconductor Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Medium Temperature Superconductor Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Medium Temperature Superconductor Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA High Temperature Superconductor Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA High Temperature Superconductor Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Superconducting Wire Market by Sales Channel, 2018 - 2021, USD Million
TABLE 12 LAMEA Superconducting Wire Market by Sales Channel, 2022 - 2028, USD Million
TABLE 13 LAMEA Direct Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Direct Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Indirect Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Indirect Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Superconducting Wire Market by End User, 2018 - 2021, USD Million
TABLE 18 LAMEA Superconducting Wire Market by End User, 2022 - 2028, USD Million
TABLE 19 LAMEA Medical Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Medical Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Energy Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Energy Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Research Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Research Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Transportation Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Transportation Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Superconducting Wire Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Superconducting Wire Market by Country, 2022 - 2028, USD Million
TABLE 31 Brazil Superconducting Wire Market, 2018 - 2021, USD Million
TABLE 32 Brazil Superconducting Wire Market, 2022 - 2028, USD Million
TABLE 33 Brazil Superconducting Wire Market by Type, 2018 - 2021, USD Million
TABLE 34 Brazil Superconducting Wire Market by Type, 2022 - 2028, USD Million
TABLE 35 Brazil Superconducting Wire Market by Sales Channel, 2018 - 2021, USD Million
TABLE 36 Brazil Superconducting Wire Market by Sales Channel, 2022 - 2028, USD Million
TABLE 37 Brazil Superconducting Wire Market by End User, 2018 - 2021, USD Million
TABLE 38 Brazil Superconducting Wire Market by End User, 2022 - 2028, USD Million
TABLE 39 Argentina Superconducting Wire Market, 2018 - 2021, USD Million
TABLE 40 Argentina Superconducting Wire Market, 2022 - 2028, USD Million
TABLE 41 Argentina Superconducting Wire Market by Type, 2018 - 2021, USD Million
TABLE 42 Argentina Superconducting Wire Market by Type, 2022 - 2028, USD Million
TABLE 43 Argentina Superconducting Wire Market by Sales Channel, 2018 - 2021, USD Million
TABLE 44 Argentina Superconducting Wire Market by Sales Channel, 2022 - 2028, USD Million
TABLE 45 Argentina Superconducting Wire Market by End User, 2018 - 2021, USD Million
TABLE 46 Argentina Superconducting Wire Market by End User, 2022 - 2028, USD Million
TABLE 47 UAE Superconducting Wire Market, 2018 - 2021, USD Million
TABLE 48 UAE Superconducting Wire Market, 2022 - 2028, USD Million
TABLE 49 UAE Superconducting Wire Market by Type, 2018 - 2021, USD Million
TABLE 50 UAE Superconducting Wire Market by Type, 2022 - 2028, USD Million
TABLE 51 UAE Superconducting Wire Market by Sales Channel, 2018 - 2021, USD Million
TABLE 52 UAE Superconducting Wire Market by Sales Channel, 2022 - 2028, USD Million
TABLE 53 UAE Superconducting Wire Market by End User, 2018 - 2021, USD Million
TABLE 54 UAE Superconducting Wire Market by End User, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia Superconducting Wire Market, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia Superconducting Wire Market, 2022 - 2028, USD Million
TABLE 57 Saudi Arabia Superconducting Wire Market by Type, 2018 - 2021, USD Million
TABLE 58 Saudi Arabia Superconducting Wire Market by Type, 2022 - 2028, USD Million
TABLE 59 Saudi Arabia Superconducting Wire Market by Sales Channel, 2018 - 2021, USD Million
TABLE 60 Saudi Arabia Superconducting Wire Market by Sales Channel, 2022 - 2028, USD Million
TABLE 61 Saudi Arabia Superconducting Wire Market by End User, 2018 - 2021, USD Million
TABLE 62 Saudi Arabia Superconducting Wire Market by End User, 2022 - 2028, USD Million
TABLE 63 South Africa Superconducting Wire Market, 2018 - 2021, USD Million
TABLE 64 South Africa Superconducting Wire Market, 2022 - 2028, USD Million
TABLE 65 South Africa Superconducting Wire Market by Type, 2018 - 2021, USD Million
TABLE 66 South Africa Superconducting Wire Market by Type, 2022 - 2028, USD Million
TABLE 67 South Africa Superconducting Wire Market by Sales Channel, 2018 - 2021, USD Million
TABLE 68 South Africa Superconducting Wire Market by Sales Channel, 2022 - 2028, USD Million
TABLE 69 South Africa Superconducting Wire Market by End User, 2018 - 2021, USD Million
TABLE 70 South Africa Superconducting Wire Market by End User, 2022 - 2028, USD Million
TABLE 71 Nigeria Superconducting Wire Market, 2018 - 2021, USD Million
TABLE 72 Nigeria Superconducting Wire Market, 2022 - 2028, USD Million
TABLE 73 Nigeria Superconducting Wire Market by Type, 2018 - 2021, USD Million
TABLE 74 Nigeria Superconducting Wire Market by Type, 2022 - 2028, USD Million
TABLE 75 Nigeria Superconducting Wire Market by Sales Channel, 2018 - 2021, USD Million
TABLE 76 Nigeria Superconducting Wire Market by Sales Channel, 2022 - 2028, USD Million
TABLE 77 Nigeria Superconducting Wire Market by End User, 2018 - 2021, USD Million
TABLE 78 Nigeria Superconducting Wire Market by End User, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA Superconducting Wire Market, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA Superconducting Wire Market, 2022 - 2028, USD Million
TABLE 81 Rest of LAMEA Superconducting Wire Market by Type, 2018 - 2021, USD Million
TABLE 82 Rest of LAMEA Superconducting Wire Market by Type, 2022 - 2028, USD Million
TABLE 83 Rest of LAMEA Superconducting Wire Market by Sales Channel, 2018 - 2021, USD Million
TABLE 84 Rest of LAMEA Superconducting Wire Market by Sales Channel, 2022 - 2028, USD Million
TABLE 85 Rest of LAMEA Superconducting Wire Market by End User, 2018 - 2021, USD Million
TABLE 86 Rest of LAMEA Superconducting Wire Market by End User, 2022 - 2028, USD Million
TABLE 87 Key Information – Bruker Corporation
TABLE 88 Key Information – Nexans SA
TABLE 89 Key Information – LS Cable & System Ltd.
TABLE 90 Key Information –Furukawa Electric Co., Ltd.
TABLE 91 Key information – SUMITOMO ELECTRIC INDUSTRIES, Ltd.
TABLE 92 Key Information – Fujikura Ltd.
TABLE 93 key information – Eaton Corporation PLC
TABLE 94 Key Information – Fuji Electric Co., Ltd.
TABLE 95 Key Information – Phoenix Contact GmbH & Co. KG
TABLE 96 Key Information –MetOx Technologies, Inc.
List of Figures
FIG 1 Methodology for the research