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.
The global installation production of superconducting cables increased from 5624 meter in 2013 to 8295 meter in 2017, at a CAGR of 10.2%. In 2017, the global superconducting cables market is led by USA. Europe is the second-largest region-wise market.

Currently, Nexans, AMSC and Furukawa Electric are major manufacturers of this industry. Nexans is a global leader. In 2017, the installation production of Nexans was 1327 meter, and the company holds a share of 16%. In Europe and the United States, Nexans, AMSC and STI are the market leader. Furukawa Electric, SEI and SuNam are leaders in the Asia Pacific market.

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 2017, the Superconducting Cables consumption (sales) in Grid and Smart Grid was 4881, and it will reach 11690 in 2024; while the sales market share in Grid and Smart Grid was 58.84% in 2017 and will be 58.88% in 2024. 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.

The Superconducting Cables Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.

The report offers detailed coverage of Superconducting Cables industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Superconducting Cables by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Superconducting Cables market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.

First, this report covers the present status and the future prospects of the global Superconducting Cables market for 2015-2027.

Key Companies
Nexans
AMSC
MetOx
Furukawa Electric
STI
Bruker
Fujikura
SEI
SuNam
SHSC
Innost

Superconducting Cables Market by Type
YBCO Cables
Bi-2212 Cables
Bi2223 Cables

At the same time, we classify Superconducting Cables according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Superconducting Cables market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Superconducting Cables market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Superconducting Cables market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.

Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Superconducting Cables market for the forecast period 2021 - 2027?
• What are the driving forces in the Superconducting Cables market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Superconducting Cables industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

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