United States Second Generation High Temperature Superconducting Tape Market was valued at USD 0.25 Billion in 2022 and is projected to reach USD 0.70 Billion by 2030, growing at a CAGR of 15.8% from 2024 to 2030.
The Second Generation High Temperature Superconducting (2G HTS) Tape Market in the United States has been experiencing significant growth, driven by advancements in technology and increasing demand across various industries. These superconducting tapes, primarily composed of Rare Earth Barium Copper Oxide (REBCO), exhibit exceptional electrical and thermal properties, making them invaluable in sectors such as energy, medical, and military applications.
Market Overview
As of 2023, the global 2G HTS tape market was valued at approximately USD 424.29 million and is projected to reach USD 983.92 million by 2031, growing at a Compound Annual Growth Rate (CAGR) of 11.14% from 2024 to 2031. North America contributed 35% of the total revenue, with the United States playing a pivotal role in this growth. The increasing investments in research and development, coupled with the rising need for energy-efficient technologies, are primary drivers of this market expansion. citeturn0search0
Types of 2G HTS Tapes
The market categorizes 2G HTS tapes based on their composition and manufacturing processes:
Type 1: These tapes are characterized by their high current-carrying capacity and are expected to be the fastest-growing sub-segment, with a projected CAGR of 18% during the forecast period. citeturn0search0
Type 2: Holding the largest market share at 45%, these tapes are widely adopted due to their balanced performance and cost-effectiveness. citeturn0search0
Type 3: Accounting for 35% of the market share, these tapes are utilized in specialized applications requiring specific superconducting properties. citeturn0search0
Industry Requirements and Applications
The unique properties of 2G HTS tapes have led to their adoption across various industries:
Energy and Power Sector: Dominating the market with a 40% share, this sector utilizes 2G HTS tapes for efficient power transmission and grid technologies. Their ability to conduct electricity with zero resistance significantly reduces power losses, enhancing the efficiency of energy systems. citeturn0search0
Medical Industry: Projected to experience a CAGR of 20%, the medical sector employs these tapes in Magnetic Resonance Imaging (MRI) machines and other medical devices, benefiting from their high-performance superconducting properties. citeturn0search0
Military Applications: Accounting for 15% of the market revenue, the military sector integrates 2G HTS tapes into advanced radar systems and propulsion technologies. For instance, Tokamak Energy, a UK-based nuclear fusion start-up, is collaborating with the U.S. Defense Advanced Research Projects Agency (DARPA) to develop silent marine propulsion systems using high-temperature superconductor magnets. citeturn0news19
Transportation and Scientific Research: Collectively contributing 5% to the market, these sectors explore the potential of 2G HTS tapes in applications like electric motors for trains and high-field magnets for research purposes. citeturn0search0
Technological Advancements and Challenges
Recent developments have focused on enhancing the performance and applicability of 2G HTS tapes. For example, the National High Magnetic Field Laboratory (NHMFL) achieved a record 45.5 Tesla magnetic field using REBCO coils, showcasing the potential of these tapes in generating high magnetic fields. However, challenges such as delamination, anisotropy, and a sharp decrease in current-carrying capacity at higher temperatures persist. Addressing these issues is crucial for broader adoption and integration into various applications. citeturn0search1
Future Prospects
The U.S. 2G HTS tape market is poised for substantial growth, driven by the escalating demand for efficient energy solutions, advancements in medical technologies, and strategic military applications. Continued research and development, coupled with strategic collaborations, are expected to overcome existing challenges, paving the way for wider adoption of 2G HTS tapes across diverse industries.
Get an In-Depth Research Analysis of the US Second Generation High Temperature Superconducting Tape Market Size And Forecast [2025-2032]
Shanghai Superconductor Technology Co.
Ltd.
Sumitomo Electric
AMSC
Bruker
MetOx
Fujikura
Jiangsu Etern Company Limited
SuNam
SuperPower（Furukawa Electric Co.
Ltd.）
THEVA
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Second Generation High Temperature Superconducting Tape Market
Yttrium Barium Copper Oxide (YBCO)
Rare Earth Barium Copper Oxide (REBCO)
Other Composite Materials
Metal Organic Chemical Vapor Deposition (MOCVD)
Laser Ablation
Growth on Template Solutions
Power Cables
Magnetic Levitation Systems
Electric Motors and Generators
Medical Imaging Equipment (MRI)
Scientific Research Equipment
Energy Sector
Healthcare Sector
Aerospace and Defense
Telecommunications
Transportation
Thin Films
Standard Thickness
Thick Films
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Second Generation High Temperature Superconducting Tape Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Second Generation High Temperature Superconducting Tape Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Second Generation High Temperature Superconducting Tape Market, By Type
6. US Second Generation High Temperature Superconducting Tape Market, By Application
7. US Second Generation High Temperature Superconducting Tape Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Second Generation High Temperature Superconducting Tape Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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