Superconducting Wire Market worth $2.19 billion by 2030 | MarketsandMarkets™ - 0 views
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Almira Coyne on 31 Jul 25The global Superconducting Wire Market is anticipated to grow from estimated USD 1.32 billion in 2025 to USD 2.19 billion by 2030, at a CAGR of 10.6% during the forecast period. A superconducting wire is an electrical wire made of superconducting materials to transfer charge with negligible resistance. Superconductivity is the property of certain materials that conduct electricity without energy loss when cooled below a critical temperature. The reduction in energy loss during conduction has led to the commercialization of superconducting wires. Factors such as growing demand for superconductor-based magnetic resonance imaging (MRI) systems, rising implementation of superconducting wires over conventional wires, and expansion of offshore wind farms using superconducting technologies drive the growth of the Superconducting Wire Market.