Global Superconducting Magnets Industry

Global Superconducting Magnets Industry

  • October 2022 •
  • 210 pages •
  • Report ID: 5818068 •
  • Format: PDF

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Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Global Superconducting Magnets Market to Reach $3.7 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Superconducting Magnets estimated at US$3.1 Billion in the year 2020, is projected to reach a revised size of US$3.7 Billion by 2027, growing at a CAGR of 2.4% over the analysis period 2020-2027. Medical Devices & Equipment, one of the segments analyzed in the report, is projected to record a 2.7% CAGR and reach US$1.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Mass Spectrometers segment is readjusted to a revised 2.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $617.3 Million, While China is Forecast to Grow at 3.1% CAGR
The Superconducting Magnets market in the U.S. is estimated at US$617.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$865.4 Million by the year 2027 trailing a CAGR of 3.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.
Transportation Segment to Record 2.2% CAGR
In the global Transportation segment, USA, Canada, Japan, China and Europe will drive the 2.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$391.6 Million in the year 2020 will reach a projected size of US$454.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 29 Featured)
Agilent Technologies Inc American Magnetics Inc ASG Superconductors spa Bruker Corporation General Electric Co Janis Research Company Oxford Instruments plc Siemens Healthineers SuperPower Inc.