High Temperature Superconductors Market is expected to grow at a CAGR of 8.4% through 2030F
The global High Temperature
Superconductors Market is expected to be led by North America, driven by Government
Funding and Research Initiatives and Miniaturization and Compact Power Devices during
the forecast period 2026-2030F
According to TechSci Research
report, “High Temperature
Superconductors Market - Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2030F, The Global High Temperature
Superconductors Market was valued at USD 735.1 million in 2024 and is expected
to reach USD 1203.4 million by 2030 with a CAGR of 8.4% through 2030, One significant driver is the rising demand
for compact and lightweight electrical machines in aerospace and defense
industries. HTS materials enable the design of smaller, lighter motors and
generators with higher power densities, which is crucial for aircraft, naval
vessels, and defense equipment where space and weight savings translate
directly into enhanced performance and fuel efficiency.
Another
important factor is the expanding application of HTS in medical technology
beyond traditional MRI machines. For instance, HTS-based devices are
increasingly used in advanced imaging technologies, particle therapy for cancer
treatment, and sensitive biomagnetic measurements. These applications require
superconductors that operate efficiently at higher temperatures, reducing
operational costs and improving accessibility.
The
growing interest in electric transportation, including electric vehicles (EVs)
and electric aircraft, also drives the HTS market. HTS-based components can
improve power efficiency and reduce system weight, supporting longer range and
better performance. Furthermore, government policies worldwide aimed at
reducing carbon emissions and promoting clean technologies provide strong
regulatory support and funding for HTS research and commercialization. Collectively,
these emerging applications and supportive regulatory frameworks are expanding
the HTS market’s scope, complementing traditional drivers and accelerating its
growth globally.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the "Global High Temperature Superconductors Market"
Based on Type, 2G HTS segment dominated
the High Temperature Superconductors Market in 2024 and maintain its leadership
throughout the forecast period, owing to its significant technological
advancements and broad range of practical applications. Compared to
first-generation (1G) HTS materials, which are primarily based on bismuth
strontium calcium copper oxide (BSCCO) compounds, 2G HTS wires use yttrium
barium copper oxide (YBCO) coated conductors. These 2G conductors offer
superior performance characteristics, including higher critical current
densities, improved mechanical strength, and enhanced stability in magnetic
fields, making them far more suitable for commercial and industrial uses.
One of the key factors behind the
dominance of the 2G HTS segment is the substantial progress made in
manufacturing technologies, which has enabled large-scale production of
high-quality coated conductors at a lower cost. Techniques such as
metal-organic chemical vapor deposition (MOCVD) and pulsed laser deposition
(PLD) have allowed manufacturers to produce longer lengths of HTS tapes with
consistent superconducting properties. This scalability has made 2G HTS wires
more accessible to various industries, accelerating their adoption in power
generation, transmission, and advanced transportation systems.
The electrical power sector is one of
the largest beneficiaries of 2G HTS technology. Its ability to carry high
current densities with minimal energy loss makes it ideal for applications such
as superconducting power cables, fault current limiters, and transformers.
These solutions help reduce transmission losses, improve grid reliability, and
support the integration of renewable energy sources, all of which are crucial
for modernizing aging power infrastructure worldwide. Additionally, 2G HTS
wires are being increasingly used in medical equipment like MRI machines and in
scientific research involving powerful magnets, further broadening their market
scope.
Moreover, 2G HTS tapes provide enhanced
flexibility and durability, allowing them to withstand mechanical stresses
better than 1G materials. This robustness is critical for applications
requiring bending and winding of superconducting wires, such as motors and
generators in aerospace and defense sectors. As a result, 2G HTS has become the
preferred choice for industries seeking efficient, lightweight, and compact
superconducting solutions. In summary, the dominance of the 2G HTS segment in
the global market is driven by its superior electrical and mechanical
properties, improved manufacturing processes, and expanding applications across
multiple industries. As production costs continue to decrease and technological
innovations advance, the adoption of 2G HTS is expected to accelerate,
reinforcing its leading position in the High Temperature Superconductors
market.
Based on region, Asia Pacific is emerging as the
fastest-growing region for the High Temperature Superconductors Market, fueled
by rising industrialization, urbanization, and expanding energy infrastructure.
Countries like China, Japan, South Korea, and India are investing heavily in
advanced technologies to modernize their power grids and meet increasing
electricity demands driven by population growth and economic development. The
region’s focus on upgrading aging infrastructure, coupled with the growing
integration of renewable energy sources, is creating a strong need for
efficient, reliable, and low-loss power transmission solutions—an area where
HTS technologies excel.
China, in particular, is leading the
charge by supporting multiple pilot projects and large-scale deployments of HTS
power cables and fault current limiters. Government initiatives aimed at
reducing carbon emissions and enhancing grid stability further accelerate HTS
adoption across the region. Japan and South Korea are also significant
contributors, with their advanced research facilities and industrial expertise
driving innovation in HTS applications such as magnetic resonance imaging
(MRI), transportation, and fusion energy research.
Additionally, the Asia Pacific region
benefits from relatively lower manufacturing costs and the presence of several
emerging local HTS wire producers, which helps to reduce overall system costs
and encourages wider deployment. Growing collaborations between governments,
research institutions, and private companies are fostering innovation and
commercialization of HTS technologies. As infrastructure investments continue
and awareness of HTS advantages spreads, the Asia Pacific market is expected to
experience robust growth, positioning the region as a global leader in the high
temperature superconductors industry.
Key market players in the High
Temperature Superconductors Market are: -
- American Superconductor Corporation
- Bruker Corporation
- Fujikura Ltd (SuperPower, Inc.)
- Furukawa Electric Co. Ltd.
- Superconductor Technologies Inc.
- Japan Superconductor Technology, Inc.
- Sumitomo Electric Industries, Ltd.
- Innova Superconductor Technology Co.,
Ltd.
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“The global High Temperature
Superconductors (HTS) market presents significant opportunities driven by
increasing demand for energy-efficient solutions in power transmission,
renewable energy integration, and advanced medical technologies. Growing
investments in smart grids and infrastructure modernization create a favorable
environment for HTS adoption, particularly in power cables, fault current
limiters, and transformers. Expanding research in fusion energy and high-field
magnet applications further opens new avenues for HTS deployment. Additionally,
advancements in second-generation HTS wire manufacturing reduce costs,
enhancing commercial viability. Emerging markets in Asia Pacific and
collaborations between governments and private sectors also offer substantial
growth potential for the HTS industry worldwide.” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based global management
consulting firm.
“High Temperature
Superconductors Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Type (1G HTS, 2G HTS), By Application (Power Cable,
Fault Current Limiter, Transformer), By Region & Competition, 2020-2030F” has evaluated the future
growth potential of High Temperature Superconductors Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in High Temperature Superconductors Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com