Superconducting power cables act as a bridge between electric energy transmission and distribution. In a superconducting power cable, a superconducting conductor that reaches superconductivity of zero electric resistance below a specific low temperature is used, allowing low-loss transmission of large currents
As the transmission medium for HVDC applications, superconductor cables can move virtually any amount of power with much greater efficiency than any other transmission technology - and they move it underground, out of site and out of harm?s way. In 2018, the Superconducting Cables consumption (sales) in Grid and Smart Grid was 460, and it will reach 22890 in 2025; while the sales market share in Grid and Smart Grid was 93.9% in 2017 and will be 94.4% in 2025. Within the next 10 years, superconducting power cables could offer significant power transmission solutions for densely populated, high load areas.
Superconductors come in two types, low-temperature (LTS) and high-temperature (HTS). At present, the main type of superconducting cables is the second-generation YBCO Cables, which will also be the mainstream of future development. The first generation HTS will gradually be eliminated. However, YBCO Cables maybe quickly be eliminated by the new materials with better cost and performance in the future. Therefore, the core technology of superconducting cables is superconducting materials.
These unique characteristics of superconducting cables make them an attractive technology, especially in urban areas where underground space and land availability is limited. In these urban areas, the networks are most often reaching their capacity limits, making the case for investigating the feasibility of using HTS cables in electricity distribution networks even stronger. However, the high cost is a key factor limiting the development of this industry.For many people, it seems that superconductor is an emerging industry, and in fact the product has been continuously researched. Large-scale HTS industrial production still seems to take a long time. The low temperature superconductor industry has been developed for many years and the industry chain is relatively mature. Although the profit margin of superconductor is high, the research funds is also phenomenal, in additional to this, the downstream demand is unstable.
According to this study, over the next five years the High Temperature Superconducting Cables market will register a 74.3% CAGR in terms of revenue, the global market size will reach US$ 66 million by 2024, from US$ 4 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in High Temperature Superconducting Cables business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of High Temperature Superconducting Cables market by product type, application, key manufacturers and key regions and countries.
This study considers the High Temperature Superconducting Cables value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
YBCO Cables
Bi-2212 Cables
Bi2223 Cables
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Grid and Smart Grid
Industrial Applications
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Nexans
Furukawa Electric
SHSC
LS Cable & System
NKT
FGC UES
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global High Temperature Superconducting Cables consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of High Temperature Superconducting Cables market by identifying its various subsegments.
Focuses on the key global High Temperature Superconducting Cables manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the High Temperature Superconducting Cables with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of High Temperature Superconducting Cables submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
