Jin Rong Jie·2025-12-19 12:30Core Insights - The fusion energy sector is experiencing a significant surge, driven by a merger between Trump Media & Technology Group and a fusion energy company supported by Alphabet, valued at over $6 billion [1] - The International Energy Agency predicts that the global fusion market could approach $500 billion by 2030, indicating strong growth potential in the industry [1] Market Sector Analysis - Superconducting Materials Sector: The demand for high-performance superconducting magnets will increase significantly, benefiting companies capable of engineering production of NbTi superconducting wires and high-temperature superconducting tapes [2] - High-end Equipment Manufacturing Sector: Companies with capabilities in heavy equipment and system integration will see new orders due to the complex manufacturing processes involved in fusion devices [2] - Specialized Power and Energy Storage Sector: There will be a surge in demand for specialized power supplies and high-power capacitors necessary for fusion reactions, presenting market expansion opportunities for related suppliers [2] - Key Materials and Components Sector: Suppliers of critical components such as tungsten-based filters and high-temperature alloys are expected to receive high-value orders essential for the stable operation of fusion devices [2] - Engineering Construction and System Integration Sector: Companies with nuclear engineering experience will play a crucial role in the construction of fusion power plants as demonstration and commercial reactors are developed [2] Company Overview - West Superconductor (688122): The only domestic supplier of low-temperature superconducting wires for the ITER project, focusing on high-performance superconducting wire research and industrialization [3] - Dongfang Electric (600875): The sole domestic manufacturer of superconducting coils for ITER, providing core equipment such as magnet support systems and vacuum vessels [3] - Antai Technology (000969): Supplies key components like tungsten-copper composite filters for EAST and ITER, holding a leading global position in the all-tungsten filter field [3] - Guoguang Electric (688776): A leader in vacuum equipment for the nuclear industry, providing products for plasma control in EAST and vacuum testing equipment for CFETR [3] - Xue Ren Group (002639): Engaged in hydrogen energy and fusion tritium circulation systems, focusing on low-temperature refrigeration and compressor technology, recently gaining market attention [3] - Yongding Co., Ltd. (600105): High-temperature superconducting tapes are already applied in fusion magnets and superconducting induction heating, advancing the use of high-current superconducting materials in fusion reactors [3]