Superconducting Magnets Market: Growth Trends and Forecasts from 2025-2035
Overview:
The global superconducting magnets market is poised for steady growth between 2025 and 2035. The market is driven by increased demand across several sectors, including healthcare, research, and industry. Technological advancements and increasing investments in research and development activities will likely propel market expansion.
In 2025, the market is anticipated to reach a size of USD 3,473.83 million. A compound annual growth rate (CAGR) of 2.3% is expected to facilitate a rise to USD 4,360.78 million by 2035. This growth trajectory is supported by the increasing adoption of MRI systems in healthcare and the sustained need for high-performance magnets in research.
The market is segmented based on the temperature at which the magnets operate: low-temperature superconducting (LTS) and high-temperature superconducting (HTS). LTS magnets are widely used in MRI systems, while HTS magnets are gaining traction in energy storage and industrial applications.
Regionally, North America, Europe, and Asia-Pacific are key markets. The U.S., Germany, and China are expected to be major contributors to market revenue due to strong healthcare infrastructure and robust research activities.
Key players in the market include Siemens Healthineers, GE Healthcare, and Philips Healthcare. These companies are focused on developing innovative magnet technologies to meet the evolving needs of various end-users. Competitive strategies revolve around product development and regional expansion.
The superconducting magnets market is also influenced by the demand for energy-efficient and high-performance solutions. The growth in renewable energy projects and the development of advanced research facilities will further boost market potential in the coming years.
Year On Year Growth Chart
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| Report Attribute | Details |
|---|---|
| Market Size in 2025 | USD 3,473.83 million |
| Revenue Forecast for 2035 | USD 4,360.78 million |
| Growth Rate (CAGR) | 2.3% from 2025 to 2035 |
| Base Year for Estimation | 2024 |
| Historical Data | 2020 – 2024 |
| Forecast Period | 2025 – 2035 |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2025 to 2035 |
| Report Coverage | Revenue forecast, company market share, competitive landscape, growth factors, and trends |
| Covered Segments | Type, application, and region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, MEA |
| Country Scope | U.S., Canada, Mexico, U.K., Germany, Italy, Poland, China, India, Japan, Australia, South Korea, Brazil, UAE, KSA, South Africa |
| Key Companies Analyzed | Siemens Healthineers; GE Healthcare; Philips Healthcare; Sumitomo Electric Industries; Oxford Instruments |
| Customization Options | Free report customization (up to 8 analysts working days) with purchase. Changes to country, regional, and segment scope |
| Pricing and Purchase Options | Customizable purchase options for tailored research needs |
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Key Companies Market Share
Report Coverage & Deliverables
- Market Trends And Dynamics
- Competitve Benchmarking
- Historical data and forecasts
- Value/Volume analysis
- Company revenue shares and key strategies
- Regional opportunities
This is an indicative segmentation. Please request a sample report to see detail segmentation of this market.
Detailed Market Segmentation
- By Type
- Low-Temperature Superconducting Magnets
- High-Temperature Superconducting Magnets
- By Application
- MRI Systems
- Research Instruments
- Industrial Applications
- Energy Storage
- By End-User
- Healthcare
- Research Institutions
- Industrial Sector
- Energy Sector
- By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
- Latin America (Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA)
Table of Content
- Executive Summary
- Market Overview
- Key Market Trends
- Market Dynamics
- Market Segmentation
- By Type
- Low-Temperature Superconducting Magnets
- High-Temperature Superconducting Magnets
- By Application
- MRI Systems
- Research Instruments
- Industrial Applications
- Energy Storage
- By End-User
- Healthcare
- Research Institutions
- Industrial Sector
- Energy Sector
- By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- By Type
- Market Analysis, by Type, 2025-2035
- Market Analysis, by Application, 2025-2035
- Market Analysis, by End-User, 2025-2035
- Market Analysis, by Region, 2025-2035
- North America Market Analysis: 2025-2035
- Europe Market Analysis: 2025-2035
- Asia-Pacific Market Analysis: 2025-2035
- Latin America Market Analysis: 2025-2035
- Middle East & Africa Market Analysis: 2025-2035
- Competitive Landscape
- Company Profiles
- Siemens Healthineers
- GE Healthcare
- Philips Healthcare
- Sumitomo Electric Industries
- Oxford Instruments
- Market Forecast: 2025-2035
- Research Methodology