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Superconducting technologies are esoteric systems used in laboratories, electronics, defense, hospitals, and many other places. The capacity of superconductivity to efficiently produce high magnetic fields that are otherwise exceedingly expensive to obtain with traditional materials has long been recognized by large science endeavors

Europe Superconductor Market Report 2022: Superconductivity Paves the Way for New Quantum Materials - ResearchAndMarkets.com

The "Europe Superconductor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type and Application" report has been added to ResearchAndMarkets.com's offering

By AP News
Published - Nov 09, 2022, 08:53 AM ET
Last Updated - Apr 23, 2024, 02:06 PM EDT

DUBLIN--(BUSINESS WIRE)--Nov 9, 2022--

The superconductor market in Europe is expected to grow from US$ 1,043.40 million in 2022 to US$ 1,784.92 million by 2028. It is estimated to grow at a CAGR of 8.4% from 2022 to 2028.

Superconducting technologies are esoteric systems used in laboratories, electronics, defense, hospitals, and many other places. The capacity of superconductivity to efficiently produce high magnetic fields that are otherwise exceedingly expensive to obtain with traditional materials has long been recognized by large science endeavors. High-field magnets for magnetic resonance imaging, laboratory magnetometers for characterizing minerals and materials, filters for mobile communications, and magnetoencephalography for studying the human brain are the most successful applications outside large science.

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