According to a market report by Lucintel, the future of the global superconducting power line market looks promising with opportunities in the electronic, transportation, and medical applications. The global superconducting power line market is expected to reach an estimated $2.7 billion by 2030 with a CAGR of 4.9% from 2024 to 2030. The major drivers for this market are increasing demand for electricity in worldwide, growing preference for this technology to provide greener and effective energy generation, and rising demand for high-temperature superconductors.

In this market, LV, MV, and HV are the major segments of superconducting power line market by type.
Lucintel forecasts that HV is expected to witness highest growth over the forecast period due to its growing use among commercial applications to transmit more power over longer distances.
Within this market, electronics will remain the largest segment due to substantial demand for superconducting power lines to provide electricity across the globe.

APAC is expected to witness highest growth over the forecast period due to continual population growth, increasing use of electronic goods, and rising installation of superconducting power line in the region.

ABB, ASG Superconductors, Babcock Noell, Bruker Energy & Supercon Technologies, SuperPower, Nexans, Prysmian, Sumitomo, Superconductor Technologies, and Fujikura are the major suppliers in the superconducting power line market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the superconducting power line market by type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Superconducting Power Line Market 2024-2030: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the superconducting power line market by type, application, and region as follows:

Superconducting Power Line Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• LV
• MV
• HV
Superconducting Power Line Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Electronics
• Transportation
• Medical
• Others
Superconducting Power Line Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]