According to a recent market study published by Growth Market Reports, titled, “Global Superconducting Electric Motor Market by Type, by Application, by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 222.37 Million in 2021 and is expected to grow at a moderate growth rate of 5.88% by the year 2030. Growing application of superconducting material in electrical machines, rising demand for electric vehicles, and increasing demand for superconducting electric motor in the aviation sector are expected to fuel the market over the forecast period.

As per Growth Market Reports industry analyst Akash Vedpathak, “Global Superconducting Electric Motor Market is anticipated to witness significant growth during the forecast period 2022-2030.

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A superconducting electric motor converts electrical energy into mechanical energy using magnetic forces. The superconducting electric motor includes rotor assembly superconducting winding. The flow of current at the superconducting temperature generates a flux path in rotor assembly, with the creation of a strong magnetic field. The rotor assembly is operated in synchronous mode of operation at temperature, when the superconducting electric motor exhibits superconducting properties in the winding. The current passes through the winding, led to the creation of magnetic field in superconducting electric motor. The magnetic forces developed in superconducting wire results in the creation of torque or turning force. The rotating motion created through torque is used as a mechanical power in many industrial applications such as running pumps, fans, and compressor.

Key factors that are anticipated to fuel the demand for the global Superconducting Electric Motor market during the forecast period are high adoption of superconducting technology in wind turbines, and the growing application of superconducting material in electrical machines. Conversely, High cost of superconducting electric motor and shortage of skilled workforce hamper the market growth. Rising research & development and growing applications of superconducting motor in the marine industry creates opportunities in the market.

Supply chain management is an essential part of any business. A supply chain contains a series of
steps to get products from their original state to the customers. Raw materials used for manufacturing Superconducting Electric Motor are shipped to manufacturers to be processed into final products. Quality checks are performed throughout the production process by manufacturers to ensure the quality of the product.

The primary, as well as secondary research methodology, is used for keen observation and study about Superconducting Electric Motor market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. Companies investing in political, business, and financial stability, as opposed to decreasing global risks, implemented strategies to overcome the pandemic. In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. COVID-19 hampered R&D activities in the Superconducting Electric Motor market, due to social distancing and less access to manufacturing plants, which hampered the manufacturing industry. A majority of research activities were halted, due to social distancing regulations during the pandemic. As COVID-19 spread in the regions, various governments shut down public gatherings, travel, and major projects to protect people from the virus.

Key Takeaways from the Study

  • In terms of type, the disc type segment accounted for a considerable share of the market in 2021.
  • Based on application, the electronic segment accounted for a substantial share of the market in 2021 and is expected to expand at a substantial CAGR during the forecast period.

Report Scope

Report Metric


Market Value in 2021

US$ 222.37 Million

Market Growth Rate (from 2015 to 2030)

5.88 %

Historical Data


Base Year


Forecast Period

2022 – 2030

Units Considered

Value (US$ Million)

Market Segments

By type, by application

Key Companies Profiled

evico GmbH, American Superconductor, Kawasaki Heavy Industries, Ltd., TOSHIBA CORPORATION, Oswald Elektromotoren GmbH, and Siemens

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Manufacturers, raw material suppliers, and distributors
  • Demand Side: Automobile Industry, Information and Communication, Electronics, Energy and Environment, Industrial Materials, Marine, and Others