Fusion Energy Developments Superconducting Magnets Growth Forecast...

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2025-07-11 07:26:54 -

Fusion Energy Developments Superconducting Magnets Growth Forecast 2033

The global superconducting magnets market, valued at US$ 3.3 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 3.5%, reaching US$ 4.6 billion by 2033. Superconducting magnets, made from coils of superconducting wire that conduct electricity with zero resistance when cooled to cryogenic temperatures, are critical for generating powerful magnetic fields. The...

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