High-Temperature Superconducting Cables Market by Type (Warm Dielectric, Cryogenic Dielectric), by Material (Yttrium Barium Copper Oxide, Bismuth Strontium Calcium Copper Oxide), by End-User (Industrial, Commercial, Utility, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The High-Temperature Superconducting Cables Market size was valued at USD 57.2 USD Million in 2023 and is projected to reach USD 301.46 USD Million by 2032, exhibiting a CAGR of 26.8 % during the forecast period. High-temperature superconducting (HTS) cables are modern power cables that efficiently use high-temperature superconductive components, which can sustain temperatures ranging from -196 C to -250 C. There are two main types: The first generation (1G) cables are made of bismuth-strontium-calcium-copper-oxide tapes also known as BSCCO and the second generation (2G) cables are made of yttrium-barium-copper-oxide coated conductors abbreviated as YBCO. The HTS cables have lesser energy losses and are very compact in size than the normal cables that are in the market at the current state. These are mainly applied in power supplies such as power grids, MRI machines, and any other instances where there is a need for highly efficient power transfer. Their adoption can improve the efficiency of existing means of grid reliability and carrying capacity besides minimizing on the adverse effects on the environment.
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Regional Insight
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 26.8% from 2019-2033 |
Segmentation |
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Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 26.8% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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