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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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Technology

Air Products to Expand Integrated Gas Supply Network for Semiconductor Manufacturer in Taiwan

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19 minutes ago

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July 22, 2026

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New investment to support next-generation facility expansion

TAIPEI, July 22, 2026 /PRNewswire/ — Air Products (NYSE:APD), a world-leading industrial gases company, today announced Air Products San Fu has been awarded a long-term agreement to support a semiconductor manufacturer’s expansion in Taiwan. The project will supply multiple new semiconductor fabs and back-end packaging facilities, supporting growing demand driven by artificial intelligence and high-performance computing.

Air Products San Fu will build, own, and operate four large state-of-the-art air separation units and bulk gas supply systems with new underground pipeline systems. The company will supply a range of industrial gases, including nitrogen, oxygen, argon, and helium to support the customer’s semiconductor operations.

The new underground pipeline systems will be connected to Air Products’ existing pipeline network in Taiwan, further enhancing supply reliability, operational efficiency, and resilience.  

“Air Products is honored to be selected by our strategic customer to support their continued growth, building on our proven track record and strong long-term partnership,” said Paul Yang, President, Air Products San Fu. “This project further reinforces our role as a trusted supplier in Taiwan and reflects our long-term commitment to grow with our customers. It also underscores our world-class performance in safety, reliability and operational excellence, which are critical to meeting the increasingly demanding requirements of the electronics industry.”

Air Products has been serving the Taiwan market through Air Products San Fu for more than 70 years and has established leading supply positions across key science parks with extensive pipeline networks. The company operates one of the world’s largest ultra-high purity nitrogen pipeline systems in Southern Taiwan and is the first gas company in Taiwan awarded ISO9002 and ISO14000 certifications. 

This latest project further strengthens Air Products’ integrated supply footprint across both front-end semiconductor manufacturing and back-end advanced packaging, reinforcing its position as a key supplier to the electronics industry in Taiwan.

Air Products has served the global electronics industry for more than 40 years, supplying industrial gases safely and reliably to many of the world’s leading technology companies.

About Air Products

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global hydrogen supplier, Air Products develops, engineers, builds, owns and operates some of the world’s largest hydrogen projects. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

Air Products had fiscal 2025 sales of $12 billion from operations in approximately 50 countries. For more information, visit airproducts.com or follow us on LinkedIn, X, Facebook or Instagram.

This release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/air-products-to-expand-integrated-gas-supply-network-for-semiconductor-manufacturer-in-taiwan-302831489.html

SOURCE Air Products and Chemicals, Inc.

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Technology

Air Products to Expand Integrated Gas Supply Network for Semiconductor Manufacturer in Taiwan

Published

19 minutes ago

on

July 22, 2026

By

New investment to support next-generation facility expansion

TAIPEI, July 22, 2026 /PRNewswire/ — Air Products (NYSE:APD), a world-leading industrial gases company, today announced Air Products San Fu has been awarded a long-term agreement to support a semiconductor manufacturer’s expansion in Taiwan. The project will supply multiple new semiconductor fabs and back-end packaging facilities, supporting growing demand driven by artificial intelligence and high-performance computing.

Air Products San Fu will build, own, and operate four large state-of-the-art air separation units and bulk gas supply systems with new underground pipeline systems. The company will supply a range of industrial gases, including nitrogen, oxygen, argon, and helium to support the customer’s semiconductor operations.

The new underground pipeline systems will be connected to Air Products’ existing pipeline network in Taiwan, further enhancing supply reliability, operational efficiency, and resilience.  

“Air Products is honored to be selected by our strategic customer to support their continued growth, building on our proven track record and strong long-term partnership,” said Paul Yang, President, Air Products San Fu. “This project further reinforces our role as a trusted supplier in Taiwan and reflects our long-term commitment to grow with our customers. It also underscores our world-class performance in safety, reliability and operational excellence, which are critical to meeting the increasingly demanding requirements of the electronics industry.”

Air Products has been serving the Taiwan market through Air Products San Fu for more than 70 years and has established leading supply positions across key science parks with extensive pipeline networks. The company operates one of the world’s largest ultra-high purity nitrogen pipeline systems in Southern Taiwan and is the first gas company in Taiwan awarded ISO9002 and ISO14000 certifications. 

This latest project further strengthens Air Products’ integrated supply footprint across both front-end semiconductor manufacturing and back-end advanced packaging, reinforcing its position as a key supplier to the electronics industry in Taiwan.

Air Products has served the global electronics industry for more than 40 years, supplying industrial gases safely and reliably to many of the world’s leading technology companies.

About Air Products

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global hydrogen supplier, Air Products develops, engineers, builds, owns and operates some of the world’s largest hydrogen projects. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

Air Products had fiscal 2025 sales of $12 billion from operations in approximately 50 countries. For more information, visit airproducts.com or follow us on LinkedIn, X, Facebook or Instagram.

This release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/air-products-to-expand-integrated-gas-supply-network-for-semiconductor-manufacturer-in-taiwan-302831489.html

SOURCE Air Products and Chemicals, Inc.

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UOB partners Visa to launch new Visa Infinite tiers across ASEAN in landmark multi-market launch of such scale

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19 minutes ago

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July 22, 2026

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More than 300,000 cardholders will enjoy expanded suite of premium benefits as UOB strengthens its regional leadership in premium payment solutions.

SINGAPORE, July 22, 2026 /PRNewswire/ — UOB has partnered with Visa, a global leader in digital payments, to relaunch several card products across its five key markets (Singapore, Malaysia, Thailand, Indonesia and Vietnam) under Visa’s newly introduced premium card tiers, Visa Infinite Privilege and Visa Infinite Private.

UOB is progressively upgrading its suite of affluent and high-net-worth (HNW) card solutions to the new Visa Infinite tiers, reinforcing the Bank’s leadership in premium card innovation. With the relaunch, more than 300,000 UOB Visa Infinite cardholders across ASEAN will be upgraded to higher card tiers, giving them access to an expanded suite of premium benefits. All other cardholders will continue to enjoy their existing privileges, with no downgrades across the portfolio. Eligible UOB Visa Infinite cardholders will be notified of their new card tiers via UOB’s official channels from September onwards, with no action required from them.

UOB is currently Visa’s largest card issuer in ASEAN[1] and brings an unparalleled regional footprint and customer base, serving over 8.5 million customers across the region. As the first Visa issuer across ASEAN to execute a launch of this scale across multiple markets, UOB and Visa are setting a new benchmark for regional card offerings, delivering elevated privileges and experiences to affluent cardmembers in the region. This collaboration is timely as affluent spending in ASEAN experiences strong growth. The number of new UOB affluent cardholders[2] grew over 10 per cent year-on-year in 2025, while card billings for this segment surged more than 25 per cent in the same year.

Visa unveiled its refreshed Visa Infinite offering in Asia Pacific on 16 July 2026, reimagined for the evolving needs of today’s affluent consumers. Anchored in a three-tier card suite, the enhanced platform introduces greater flexibility, personalisation and differentiated benefits across the affluent spectrum. In addition to Visa Infinite, the portfolio now includes the newly launched Visa Infinite Privilege and Visa Infinite Private, enabling issuers to deliver more tailored value propositions, experiences and rewards to distinct customer segments within a unified premium framework.

Selected top-tier UOB cardholders across the region will enjoy access to enhanced platform privileges and UOB-exclusive curated experiences, tailored to their respective Visa Infinite tiers. This aligns with UOB’s sharpened customer segmentation approach and enhanced card value propositions, aimed at serving the unique needs of customers by offering exclusive privileges tailored to their lifestyle preferences.

Mr Pratik Bhattacharjee, Head of Group Cards and Payment Products, UOB, said, “As UOB continues to sharpen our customer-centric operating model, we are focused on serving our customers more holistically across the wealth spectrum. Our partnership with Visa marks a significant milestone in this journey, allowing us to deepen our engagement with affluent customers by curating exclusive experiences that money cannot buy. As we continue strengthening our offerings to cater to each customer’s aspirations and lifestyle, our goal is to connect with them through life moments and opportunities that truly matter.”

Mr. T.R. Ramachandran, Head of Products & Solutions for Asia Pacific, Visa, said, “The affluent segment is one of the fastest-growing consumer segments in Asia Pacific, with expectations evolving alongside it. Today’s affluent consumers are seeking experiences that are more personalised, seamless and relevant to their lifestyles. The refreshed Visa Infinite portfolio is designed to meet these changing expectations, and through our partnership with UOB, we are extending these enhanced experiences to affluent customers across Southeast Asia.”

Greater personalisation through tiered privileges

With Visa’s enhanced Infinite tier segmentation, selected cardholders will benefit from more tailored services, differentiated privileges and elevated experiences that reflect their evolving lifestyle needs. This includes access to curated regional and global lifestyle offers as well as premium destination-based travel and dining privileges worldwide as part of the base membership. In addition, selected cardholders will get exclusive access to top-tier concerts and global sporting events like FIFA World Cup™, and reserved entitlements to key lifestyle offerings under Visa Infinite Privilege. At the highest tier, Visa Infinite Private offers bespoke invitation-only experiences highly personalised for ultra-high-net-worth individuals.

Leveraging its deep understanding of affluent customers across the region, UOB will complement Visa’s refreshed benefits with exclusive privileges, curated experiences and value-added offerings tailored to the unique preferences of its cardmembers. For example, selected cardholders will be able to enjoy specially-customised luxury travel experiences and privileged access to curated series of rare timepieces.

Paired with the Bank’s unparalleled regional connectivity, advisory excellence and One Bank ecosystem, this partnership with Visa aligns with UOB’s aim to bring together banking, wealth and lifestyle holistically to all customers. This also furthers the Bank’s ambition to become the Bank of Choice for aspiring customers across ASEAN.

-END-

About UOB

UOB is a leading Asian bank with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of more than 470 branches and offices in 19 markets. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For more than nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to help businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at www.visa.com.sg 

[1] Largest card issuer by total billings

[2] Includes UOB Reserve Card, UOB Zenith Card and UOB Visa Infinite cards

 

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SOURCE UOB

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