|By Business Wire||
|February 12, 2014 01:05 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/jwlvxf/global) has announced the addition of the "Global Superconductor Market 2014-2018" report to their offering.
The analysts forecast the Global Superconductors market to grow at a CAGR of 2.77 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for advanced power grid infrastructure. The Global Superconductors market has also been witnessing the increasing demand for superconducting MRI equipment. However, the high-cost of superconductor cooling systems could pose a challenge to the growth of this market.
Key vendors dominating this space are American Superconductor Corp., Bruker Corp., Southwire Co., Sumitomo Electric Industries Ltd., and SuperPower Inc.
Other vendors mentioned in the report are American Magnetics Inc., ASG Superconductors SpA, Evico GmbH, Furukawa Electric Co. Ltd., Hyper Tech Research Inc., Japan Superconductor Inc., LS Cable Ltd., Oxford Instruments plc, Superconductor Technologies Inc., and Zenergy Power plc.
Commenting on the report, an analyst from the team said: One of the major trends emerging in the Global Superconductor market is the increasing demand for superconducting MRI equipment. Several factors such as the increase in the number of patients and rising incidences of neurological, oncological, and cardiac diseases across the globe have resulted in the wider adoption of superconducting MRI equipment. Specialized medical professionals constantly upgrade their medical equipment to provide effective diagnosis treatment to their patients. As superconducting MRI equipment produces improved image quality, crucial in the diagnosis of brain injuries and stroke, there has been an increased adoption of such equipment among medical professionals. Further, the increasing need for effective diagnosis is driving the adoption of superconducting MRI equipment in large hospitals, big government institutions, and large diagnostic centers. Thus, the adoption rate of superconducting MRI systems is expected to increase due to their high imaging quality and cost-effectiveness.
According to the report, the growth of the Global Superconductor market is driven by several factors, the most important of which is the increasing demand for advanced power grid infrastructure. The increasing demand for electricity and high transmission loss in the power grid has been driving the adoption of superconductors in the power grid infrastructure.
For more information visit http://www.researchandmarkets.com/research/jwlvxf/global
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