Explanation:

 Superconductivity is widely regarded as one of the great scientific discoveries of the 20th Century. This miraculous property causes certain materials, at low temperatures, to lose all resistance to the flow of electricity. This state of “losslessness” enables a range of innovative technology applications. At the dawn of the 21st century, superconductivity forms the basis for new commercial products that are transforming our economy and daily life.
• Current Commercial Applications include: MRI, Nuclear Magnetic Resonance, High-energy physics accelerators, Plasma fusion reactors, etc.
• Superconductor-based products are extremely environmentally friendly compared to their conventional counterparts. They generate no greenhouse gases and are cooled by non-flammable liquid nitrogen (nitrogen comprises 80% of our atmosphere) as opposed to conventional oil coolants that are both flammable and toxic. They are also typically at least 50% smaller and lighter than equivalent conventional units which translates into economic incentives.
• These benefits have given rise to the ongoing development of many new applications (emerging applications) in the following sectors – Electric power, Transportation, Medicine, Industry, Communications and Scientific Research.