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High Temperature Superconducting Wires Market size is set to grow by USD 307.8 million from 2024-2028, Increased adoption of high temperature superconducting wires in medical applications to boost the market growth, Technavio

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NEW YORK, July 25, 2024 /PRNewswire/ — The global high temperature superconducting wires market size is estimated to grow by USD 307.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.09% during the forecast period. Increased adoption of high temperature superconducting wires in medical applications is driving market growth, with a trend towards growing adoption of renewable energy. However, high cost of high temperature superconducting wires poses a challenge. Key market players include American Superconductor Corp., Bruker Corp., Fujikura Ltd., Furukawa Electric Co. Ltd., High Temperature Superconductors Inc., Hitachi Ltd., Innova Superconductor Technology Co. Ltd., Japan Superconductor Technology Inc., MetOx Technologies Inc., Southwire Co. LLC, Sumitomo Electric Industries Ltd., SuNam Co. Ltd., Supercon Inc., and THEVA Dunnschichttechnik GmbH.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Second generation HT superconductors wires and First generation HT superconductors wires), Application (Healthcare, Electronics, R and D, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

American Superconductor Corp., Bruker Corp., Fujikura Ltd., Furukawa Electric Co. Ltd., High Temperature Superconductors Inc., Hitachi Ltd., Innova Superconductor Technology Co. Ltd., Japan Superconductor Technology Inc., MetOx Technologies Inc., Southwire Co. LLC, Sumitomo Electric Industries Ltd., SuNam Co. Ltd., Supercon Inc., and THEVA Dunnschichttechnik GmbH

Key Market Trends Fueling Growth

The renewable energy sector has experienced significant growth due to increasing global adoption and government incentives. According to the International Energy Agency (IEA), renewables accounted for 25% of the world’s electricity generation in 2018, with this figure projected to reach almost 30% by 2023. Renewable energy sources, including wind, geothermal, solar, biomass, and waste, have gained popularity due to their environmental sustainability and affordability. High temperature superconducting wires have become essential components in renewable energy systems, particularly in wind turbines. These wires offer benefits such as higher efficiency, specific output power, compactness, and increased resources. Two main concepts for designing superconducting wind turbine generators are fully superconducting machines and partially superconducting machines. In fully superconducting machines, both the rotor and stator windings are superconducting, while in partially superconducting machines, superconducting wires are used for field excitation windings. The demand for high temperature superconducting wires in renewable energy sources is expected to drive the growth of the global high temperature superconducting wires market during the forecast period.

The High Temperature Superconducting (HTS) Wires market is experiencing significant growth due to increasing demand in various sectors. In the energy sector, HTS wires offer improved power efficiency and reduced energy losses in transformers and electric motors, making them a preferred choice for capacity addition in power generation and distribution. The medical sector benefits from HTS wires in MRI scanners, CT scans, magnetic resonance spectrometers, and particle beam therapy, enhancing diagnostic accuracy and patient care. The defense sector utilizes HTS wires for advanced applications, including motors and generators, while the automotive industry explores their use in electric vehicles for increased efficiency and performance. Research institutions continue to invest in HTS wires for developing new technologies and applications. HTS wires are manufactured using advanced metal alloys, primarily Niobium-Titanium, and are available as high-temperature superconducting cables, including warm dielectric and cryogenic dielectric types. The market’s growth is driven by the increasing demand for energy efficiency, urbanization, and the development of smart cities. The manufacturing cost and raw materials are under constant review to ensure affordability and competitiveness. HTS wires’ high conductivity and load capacities make them ideal for use in transformers, electric motors, wind turbines, and other applications. The utility segment and renewable industry, particularly wind energy farms, are key markets for HTS wires, with energy generation and distribution benefiting from their superior performance. The market is expected to continue growing as new applications and industries discover the advantages of HTS wires. 

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Market Challenges

The high temperature superconducting wires market has witnessed significant attention due to their potential applications in various industries, particularly in renewable energy generation. However, the high cost of these wires, which is approximately USD300–USD400/kA-m, poses a significant challenge to their widespread adoption. This cost represents over half the expense of the device in which the wire is integrated, making it a substantial investment. Despite the potential benefits of high temperature superconducting wires in refrigeration systems, such as smaller and more efficient cooling systems, their high cost has limited their market penetration. The theoretical performance advantages of these wires in refrigeration systems have yet to be proven in practice, further hindering investment in this market. Vendors are focusing on developing cost-effective high temperature superconducting solutions to address these challenges. The success of these efforts will be crucial in driving the growth of the global high temperature superconducting wires market during the forecast period.High-temperature superconducting wires are revolutionizing the power industry by enabling more efficient power transmission and distribution. These wires, which can carry large currents with minimal energy loss, are crucial for high-capacity addition in the utility segment and renewable industry. However, challenges remain, such as the need for cryogens like liquid nitrogen for cooling, and the high cost compared to conventional wires. In power transmission, high-temperature superconducting cables offer significant advantages, including increased conductivity and load capacities. In the renewable industry, these cables are essential for wind energy farms, both onshore and offshore, where long-distance power transmission is necessary. Superconducting technologies also have applications in motors and generators, nuclear fusion reactors, particle accelerators, and MagLev trains. However, the lack of expertise and economies of scale in high-temperature superconducting wire production pose challenges. Despite these challenges, the benefits of high-temperature superconducting wires are significant. They offer cost-efficiency and improved performance in various industries, from power transmission infrastructures to transportation, medical diagnostics, and electric vehicles. A consortium of companies and researchers is working on developing warm dielectric and cryogenic dielectric cables to reduce the need for cryogens. Meanwhile, advancements in superconducting technology continue to push the boundaries of what is possible, from temperature superconducting cable for transmission lines to applications in DEMO Fusion Reactor and MagLev trains. In conclusion, high-temperature superconducting wires offer significant advantages in various industries, but challenges remain in terms of cost, expertise, and cryogenic cooling. Ongoing research and development efforts aim to address these challenges and unlock the full potential of this promising technology.

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Segment Overview 

This high temperature superconducting wires market report extensively covers market segmentation by

Type 1.1 Second generation HT superconductors wires1.2 First generation HT superconductors wiresApplication 2.1 Healthcare2.2 Electronics2.3 R and D2.4 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Second generation HT superconductors wires- The High Temperature Superconducting (HTS) Wires Market is experiencing significant growth due to increasing demand for energy-efficient solutions in various industries. HTS wires offer lower energy loss and higher current carrying capacity compared to traditional wires. Key players in the market include General Electric, Sumitomo Electric Industries, and American Superconductor. HTS wires find applications in power transmission, MRI systems, and industrial motors. Market growth is driven by factors such as government initiatives for renewable energy and advancements in HTS wire technology.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Superconducting Magnetic Energy Storage (SMES) market is set for significant growth due to increasing energy storage needs and advancements in superconducting materials. The global Wire Bonder Equipment market is driven by the rising demand for semiconductor devices, essential in various electronic applications. Meanwhile, the global Smart Grid Sensors market is expanding rapidly, fueled by the need for efficient energy management and the integration of IoT in power grids. Key players are investing in innovative technologies to enhance performance and reliability across these markets.

Research Analysis

High-temperature superconducting (HTS) wires are revolutionizing the energy sector with their ability to conduct large electrical currents with minimal energy loss at relatively higher temperatures compared to conventional wires. HTS wires are used in various applications, including power transmission and distribution cables for enhancing power efficiency. Unlike traditional cryogenic cables that require liquid nitrogen cooling, HTS wires can operate with warm dielectric or cryogenic dielectric insulation. HTS cables have significant potential in power transmission infrastructures, offshore wind farms, motors, and various industries such as superconducting technologies for MagLev trains, nuclear fusion reactors, particle accelerators, and research facilities in the energy, medicine, research, defense, automotive sectors, and more. HTS wires are typically made of metal alloys like Niobium-Titanium, making them a valuable investment for the future of power transmission and energy efficiency.

Market Research Overview

High-temperature superconducting cables (HTS cables) are revolutionizing power transmission and distribution, offering increased conductivity and load capacities compared to conventional wires. HTS cables operate at warmer temperatures, reducing the need for expensive cryogens like liquid nitrogen. Two main types exist: warm dielectric cables and cryogenic dielectric cables. HTS cables are used in various industries, including power transmission, distribution, motors, and generators, particularly in the utility segment and renewable industry. They are essential for wind energy farms, both onshore and offshore, enabling capacity addition with greater efficiency. Superconducting technologies are also used in MagLev trains, nuclear fusion reactors, particle accelerators, and more. HTS cables offer cost-efficiency and economies of scale but require expertise in manufacturing and handling. The energy sector, medicine sector, research sector, defense sector, and automotive sector are potential markets for HTS cables. HTS cables are made of metal alloys like Niobium-Titanium and are used in transformers, electric motors, wind turbines, and other applications. Urbanization and smart cities also present opportunities for HTS cables in electric devices, medical equipment, automobiles, and standard testing facilities. HTS cables are cooled using helium or nitrogen cooling and offer significant power efficiency advantages over conventional wiring.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeSecond Generation HT Superconductors WiresFirst Generation HT Superconductors WiresApplicationHealthcareElectronicsR And DOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Polar Chess Expedition Brings the first FIDE-Rated Chess Tournament to Antarctica and the South Pole

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September 7, 2026

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BANGKOK and SINGAPORE, Sept. 7, 2026 /PRNewswire/ — Six chess players representing all six inhabited continents will travel to Antarctica and the Geographic South Pole this Antarctic summer season to attempt the Polar Chess Expedition, the most geographically extreme chess tournament ever played.

The FIDE-rated tournament will be played at rapid chess time-control, with every round broadcast live. Play opens with early rounds on the Antarctic ice before culminating at 90° South, in an attempt to be certified as the southernmost chess tournament ever played.

The six players, each represent a different continent, and every player also serves their national or regional chess federation in some capacity

Aung Kyaw Moe, Candidate Master (Myanmar), AsiaDamaris Abarca González, Woman FIDE Master (Chile), South AmericaJesse February, Woman International Master (South Africa), AfricaNigel Short, FIDE Grandmaster (England), EuropeShaun Press, FIDE Master (Papua New Guinea), OceaniaTris-Ann Richards, Woman Candidate Master (Saint Lucia), North America

The field is led by Grandmaster Nigel Short of England, who in 1993 became the first Englishman in over a century to challenge for the World Chess Championship, taking on Garry Kasparov. Nigel currently serves as FIDE’s Director for Chess Development and lends the event both competitive weight and international recognition.

The story behind the Polar Chess Expedition

The idea took root two years ago when Aung came across an interview in which Nigel mentioned that he had won tournaments on every continent except Antarctica. ‘I’ve won tournaments on six continents. Antarctica is the one still missing,’ says Nigel.

Aung decided to embark on the project. Together with Nigel, they spoke to national chess federations across all six continents, turning a shared idea into a FIDE-rated tournament. “Nigel had the idea; my job was to make it real. Now it is, and we’re taking it to the end of the earth,” says Aung.

Two of the players sum up the appeal of the challenge in their own words.

‘I live by a simple rule: If something scares you a little, it’s probably worth doing. By that measure, chess at the bottom of the world was never really a question,’ says Jesse February, the tournament’s Africa representative.

“Chess has taken me to some strange places over the years. This might be the first one where the biggest opponent isn’t across the board; it’s the weather,” says Shaun Press, representing Oceania.

World record attempt: southernmost chess tournament ever played

The Polar Chess Expedition is aiming to set a new world record. Potential record categories include the southernmost chess tournament ever played and the first chess event to bring players representing all six inhabited continents to the Geographic South Pole.

For two of the players carrying continents to a chessboard for the first time, the record is personal as much as historic.

‘Saint Lucia is a small island, but chess has never asked me to think small. Representing my country, and an entire continent, is proof you can do big things from small places; there’s no ceiling on where the game can take you,’ says Tris-Ann Richards, representing North America.

‘Chess has always been a bigger board than the one in front of you. Carrying South America to the bottom of the earth is just the latest way I’ve found to keep playing for something larger than myself,’ says Damaris Abarca González, representing South America.

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SOURCE Polar Chess Expedition

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Zaggle Brings Cricket and Business Together in Hyderabad; Hosts Padma Bhushan Dr. Sunil Gavaskar

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September 7, 2026

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A conversation on performance, leadership, recognizing potential and creating a lasting legacy

HYDERABAD, India, Sept. 7, 2026 /PRNewswire/ — Zaggle Prepaid Ocean Services Limited (NSE: ZAGGLE) (BSE: 543985), India’s leading AI-led enterprise spend management and FinTech platform, brought together an accomplished gathering of CEOs, founders, entrepreneurs, industrialists and professionals in Hyderabad for an evening that explored the common principles connecting cricket, business and leadership, featuring legendary cricketer and Padma Bhushan Dr. Sunil Gavaskar.

The evening centered around the idea that while cricket and business operate in very different arenas, the principles that drive sustained success are remarkably similar, preparation, performance under pressure, decision-making, resource management, teamwork and the ability to build for the long term.

Commenting on the occasion, Dr. Raj P. Narayanam, Founder & Executive Chairman, Zaggle, said: “Cricket and business may operate in different arenas, but the principles that drive sustained success are remarkably similar, preparation, performance under pressure, making the right decisions and building teams that can deliver consistently. At Zaggle, we believe that recognizing potential early, backing talent and creating the right environment for people to perform is fundamental to long-term success. It is equally important to ask what we do with that success, how we create opportunities, give back and build a legacy that extends beyond ourselves. Conversations with legends like Dr. Sunil Gavaskar remind us that true excellence is not just about what we achieve, but the impact we create along the way.”

Know the Legend: A Conversation with Dr. Sunil Gavaskar

The highlight of the evening was “Know the Legend”, a fireside conversation between Dr. Raj P. Narayanam and Padma Bhushan Dr. Sunil Gavaskar, bringing together two perspectives on performance, leadership, entrepreneurship and legacy.

The discussion explored the making of sustained success from preparing for high-pressure moments and adapting to changing circumstances, to identifying potential, creating opportunities and building teams capable of delivering consistently.

Dr. Gavaskar’s extraordinary journey mirrors the evolution of Indian cricket itself. From being one of the defining opening batsmen of his generation to becoming a global voice for the sport, his career has been shaped by discipline, resilience, preparation and the ability to perform when expectations are at their highest.

The conversation also reflected on how Indian cricket has evolved from a sport into a global industry and cultural force, while drawing parallels with the transformation taking place across India’s business and entrepreneurial landscape.

From Performance to Purpose

A key theme of the evening was the responsibility that accompanies success. The conversation moved beyond achievement to consider how individuals and organisations can create opportunities for others, give back to society and build value that extends across generations.

For Zaggle, this philosophy is reflected in its approach to supporting talent and creating platforms for potential to flourish. The company has supported cricketing talent including Jasprit Bumrah, Hardik Pandya and Ayush Mhatre, reflecting its belief in recognizing potential early, backing it with conviction and creating the right environment for talent to grow.

The evening concluded with reflections on leadership, excellence, contribution and legacy, leaving the audience with a broader question: after achieving success, how can we use it to create opportunities and make a meaningful difference to others?

The gathering brought together diverse voices from Hyderabad’s business, entrepreneurial and professional ecosystem, united by a shared interest in leadership, performance, contribution and the pursuit of excellence.

About Zaggle

Incorporated in 2011, Zaggle (NSE: ZAGGLE) (BSE: 543985) is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in the business-to-business-to-customer segment and is amongst a small number of uniquely positioned players with a diversified offering of financial technology products and services. Zaggle is one of the largest number of issued prepaid cards in India in partnership with its banking partners and is also one of the largest commercial credit cards player in India basis spends generated on cards issued by its partner banks. Additionally, Zaggle has a diversified portfolio of SaaS products, including tax and payroll software and a wide touchpoint reach. It is a leading player in spend management, with more than 50 million prepaid cards issued in partnership with 19 banking partners and more than 4.0 million users served as of June 30, 2026, offering a differentiated value proposition and diversified user base.

Zaggle’s network of corporate customers covers the banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure and automobile industries.

For more information, please visit company website https://www.zaggle.in/ and follow our latest updates on LinkedIn | Facebook | Instagram | Zagg.Money

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Asia-Pacific Media Forum opens in Shenzhen, building a bridge of understanding and coexistence through media

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September 7, 2026

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SHENZHEN, China, Sept. 6, 2026 /PRNewswire/ — The Asia-Pacific Media Forum opened in Shenzhen, southern China’s Guangdong province. Li Shulei, head of the Publicity Department of the CPC Central Committee, attended the opening ceremony and delivered a keynote speech. Huang Kunming, secretary of the CPC Guangdong Provincial Committee, also attended and addressed the ceremony. Held under the theme “Building a Path to Shared Prosperity for the Asia-Pacific Community: Media Consensus and Action,” the forum brought together more than 400 representatives from over 220 mainstream media organizations, think tanks, government agencies, embassies and consulates in China, UN agencies and international organizations. They came from 42 countries and regions worldwide, with strong representation from the Asia-Pacific, to renew friendships and explore opportunities for cooperation.

China will host the 33rd APEC Economic Leaders’ Meeting later this year. The development and cooperation in the Asia-Pacific region cannot be achieved without the active participation of media outlets across the region. It is important to tell the story of an open and interconnected Asia-Pacific, provide comprehensive coverage of progress and achievements in cooperation across all fields, and foster a favorable public opinion environment for the region’s opening and development.

The forum produced a number of practical outcomes: the establishment of the Asia-Pacific Media Partnership Organizing Committee, the exchange of China-foreign media cooperation documents, the launch of the “Gather in Shenzhen, Create a Better Asia-Pacific” Media Cooperation Initiative, and the release of the Shenzhen Consensus of the Asia-Pacific Media Forum (Shenzhen Consensus). These outcomes mark a pivotal leap in Asia-Pacific media cooperation—from “scattered interaction” to “institutionalized collaboration.” Against the backdrop of 2026 APEC “China Year,” the forum has injected tangible and much-needed media strength into the building of an Asia-Pacific community with a shared future.

Ahead of the upcoming APEC Economic Leaders’ Meeting, the Media Cooperation Initiative launched by Shenzhen stands out as the forum’s most innovative and actionable outcome. The initiative forms a complete cooperation loop built on three pillars: technology sharing, joint content creation, and talent cultivation. On technology sharing, the Asia-Pacific Digital & Smart Media Intelligence Shenzhen Center will be established. Shenzhen is putting in place an advanced technological foundation for media, an open-source HarmonyOS (OpenHarmony) ecosystem, digital-intelligence laboratories and application scenarios, and stands ready to share technologies and outcomes with Asia-Pacific media counterparts, offering a “Shenzhen solution” for the systemic transformation and innovative development of mainstream media in the digital-intelligence era. On joint content creation, the “Witness Miracles, Seek Solutions” co-creation and joint broadcast program will be rolled out. It invites Asia-Pacific media partners to take Shenzhen as a case study and model, and to jointly plan and produce objective, truthful and multi-dimensional content products. On talent cultivation, the Training Base for Asia-Pacific Youth Media Professionals has been established. Each year it will invite Asia-Pacific media professionals—especially those under the age of 45—to Shenzhen for study tours, visits and training.

The Shenzhen Consensus released at the forum builds broad consensus on issues including open cooperation, digital, smart and green transformation, and media exchanges. It advocates safeguarding the multilateral trading system, deepening the application of AI, advancing mutual learning among civilizations, and contributing to Asia-Pacific prosperity.

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SOURCE Guangdong Province

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