Superconducting Materials Market, By Product Type (Low-temperature Superconducting Materials and High-temperature Superconducting Materials), By End-Use Industry (Medical, Electronics, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Oct 2024

Code : CMI2872

Pages :130

Formats :

Excel and PDF

Industry : Advanced Materials

Key Developments

In December 2022, Philips established a research partnership with MagCorp, a U.S. -based provider of magnet solutions, to investigate superconducting magnets for MR Magnetic resonance scanners that operate without the need for cooling to ultra-low temperatures (-452 °F or -269 °C) with liquid helium. Philips is a multinational corporation founded in 1891. Initially focused on manufacturing light bulbs, the company has evolved significantly over the years, now primarily concentrating on health technology.
In April 2022, Mr. Mazhar Ali, an associate professor at TU Delft, and his research team discovered a form of one-way superconductivity that operates without magnetic fields. This breakthrough suggests that superconductors could enable electronics to function hundreds of times faster while eliminating energy loss.
In September 2021, Superconductor Technologies Inc. merged with Allied Integral United, Inc. After the merger, the operations of the combined company mainly focused on AIU's business, which included further development of its virtual in-home care service, Clearday at Home, and its membership-based daily care program, Clearday Club. Superconductor Technologies Inc. has pioneered the development of superconducting materials and manufacturing processes, developing numerous patents.
In June 2021, Allied Integral United Inc. entered into a revised merger agreement with Superconductor Technologies, also known as STI. Allied Integral United, Inc. is the 10 percent owner of Superconductor Technologies Inc.