智通财经网·2025-08-06 01:07Core Viewpoint - The continuous breakthroughs in high-temperature superconducting materials technology are expected to drive rapid growth in the industry, particularly in downstream applications such as controlled nuclear fusion and superconducting magnetic levitation [1][2]. High-Temperature Superconducting Materials - High-temperature superconducting (HTS) technology utilizes materials with a critical temperature above the liquid nitrogen range (77K), allowing for zero resistance and complete magnetic field exclusion, making it suitable for high-field applications [2]. - The market for high-temperature superconducting materials, primarily based on second-generation YBCO materials, is projected to reach 10.5 billion yuan by 2030, with a compound annual growth rate (CAGR) of 53.9% from 2024 to 2030 [2]. High-Temperature Superconducting Magnets - High-temperature superconducting magnets are expected to dominate downstream applications, accounting for approximately 49.3% of the market in 2024, with significant potential in areas like controlled nuclear fusion and superconducting induction heating [6]. - The development of controlled nuclear fusion projects, such as the Honghuan series and the Xinghuo No. 1, is accelerating, with significant investments being made to advance these technologies [6]. Industry Chain - The high-temperature superconducting industry chain is divided into upstream raw materials, midstream wire and magnets, and downstream applications in strong electricity and high-field sectors [13]. - The industry is in a critical phase of commercializing applications, with a focus on increasing production efficiency and reducing product prices [13]. Investment Strategy - The current investment strategy suggests focusing on high-temperature superconducting wire and magnet applications, with an emphasis on tracking the progress of capacity expansion and industry validation [16]. - Companies involved in the high-temperature superconducting wire sector are expected to benefit from increased orders and market demand as downstream applications mature [16].