Global Superconducting Magnets Market - Industry Analysis, Outlooks and Forecast 2014 – 2020

Superconducting magnets are magnets made from superconducting wire coils. Superconducting magnets provide promising and attractive analytic and economic advantages over electromagnets. Due to their superconductivity, the superconducting magnets can carry large amounts of magnetic currents without major energy losses. Superconducting magnets allow users to produce extremely high magnetic fields without kilowatts or megawatts of power supplies which are needed for electromagnets. Superconducting magnets also provide higher magnetic fields and lower operating costs as compared to electromagnets and permanent magnets. Superconducting magnets find applications in medical devices & equipment, mass spectrometers, particle accelerators, separation process and nuclear magnetic resonance (NMR) equipment among others. In addition, superconducting magnets are also preferred over normal magnets in magnetic levitation where only the magnetic field supports the suspended objects.

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The market for superconducting magnets was mainly driven by the medical devices & equipment market. In the healthcare industry, the superconducting magnets find applications in magnetic resonance imaging (MRI), a medical technique used for clinical diagnosis of the body. In molecular biology, superconducting magnets are used in drug discovery and development. In nuclear magnetic resonance (NMR), superconducting magnets are used in the stabilization of nuclear waste. In addition, superconducting magnets along with the help of NMR technology can be used in treating and curing of diseases such as cancer in vital organs. Superconducting magnets are also used in mass spectrometers, to separate the ions with the application of magnetic fields. In the manufacturing industry, superconducting magnets are used in removing weakly magnetic impurities which are used to enhance the whitening of ceramics...