Helium Market Set To Reach USD 27.06 Billion By 2030 Driven By Cryogenics Growth

Published: 2024-12-04
Views: 16
Author: falguni mmr
Published in: Business

Learn about the Helium Market growth and developments.

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Helium Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Helium market, with forecasts outspreading to the year 2030.

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Discover how we define the Helium Market scope and research approach.

The Helium market research provides comprehensive information on significant aspects, including those that are expected to drive the industry’s growth and upcoming challenges. The competitive environment of the industry, the products marketed by well-known companies, and the investment potential in the Helium market will all be thoroughly understood by stakeholders. The study covers both the qualitative and quantitative components of the sector. A comprehensive examination of the competition for the Helium Market is included in the scope of the MMR report.

The report offers a number of new requirements, each with a thorough justification. The Helium Market was created by consulting both primary and secondary sources of information, including government documents, websites, annual reports, and the opinions of other professionals and academics.

Uncover the regional opportunities and challenges in the Helium Market.

This study includes a comprehensive analysis of all pertinent data, including market size, growth rate, and import and export by region. The research’s geographic analysis makes it possible to comprehend the Helium market situations in various nations. The Helium market is made up of the markets in North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East.

Discover key segments driving the growth of the Helium Market :

The Helium Market size was valued at USD 19.84 Billion in 2023 and the total Helium revenue is expected to grow at a CAGR of 14% from 2024 to 2030, reaching nearly USD 49.66 Billion.

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Helium Market segmentation : 

by Phase

Liquid
Gas

The worldwide helium market is divided into two segments based on phase: liquid phase and gas phase. As a result of the COVID-19 pandemic, which increased the number of patients impacted worldwide, the liquid phase segment dominated the market in 2023 and accounted for xx% of total revenue. Since liquid helium is needed to cool the super magnets in MRI equipment, the medical sector is one of the biggest users of this gas.

by Application

Breathing Mixes
Cryogenics
Leak Detection
Pressurizing and Purging
Welding
Controlled Atmospheres
Other

Breathing Mixes, Cryogenics, Lead Detection, Pressurizing and Purging, Welding, Controlled Atmosphere, and Others are the segments of the global helium market based on application. Since helium is used as a super coolant for cryogenic applications like magnetic resonance imaging (MRI), nuclear magnetic resonance (NMR) spectroscopy, particle accelerators, large hadron colliders, superconducting quantum interference devices (SQUID), electron spin resonance spectroscopy (ESR), and superconducting magnetic energy storage (SMEs), the cryogenics segment dominated the market in 2023 and accounted for 28% of total revenue.

by End-user

Industry Aerospace & Aircraft
Electronics & Semiconductors
Nuclear Power
Healthcare
Welding & Metal Fabrication
Other

The global helium market is divided into the following end-use industries: nuclear power, aerospace and aircraft, electronics and semiconductors, healthcare, welding and metal fabrication, and others. The healthcare sector dominated the market in 2023, accounting for nearly 34% of total revenue. There are numerous uses for helium in medicine. Liquid helium is the best option for cooling MRI magnets because it may reach temperatures as high as -269° C. Helium is also used to track breathing. It plays a significant role in the treatment of asthma, emphysema, and other respiratory conditions.

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Learn about the top players driving innovation in the Helium Market :

1.Air Products and Chemicals, Inc.
2. Air Liquide
3. Linde AG
4. Praxair, Inc.
5. Taiyo Nippon Sanso Corporation
6. Iwatani Corporation
7. Gulf Cryo
8. Messer Group
9. Qatar Gas Operating Company Limited
10. Global Gases
11. Matheson Tri-Gas Inc
12. ONEOK Inc.
13. Exxon Mobil Corporation
14. Polish Oil and Gas Company
15. Weil Group
16. Others

Get answers to critical questions shaping the Helium Market  

• What is Helium  ?
• What is the growth rate of the Helium Market?
• Which are the factors expected to drive the Helium market growth?
• What is the CAGR at which the Helium market will grow during the forecast period?
• What are the different segments of the Helium Market?
• Which is the fastest growing region in the Helium market?
• What growth strategies are the players considering to increase their presence in Helium  ?
• What are the upcoming opportunities and trends for the Helium Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Helium Market?
• Who are the leading companies and what are their portfolios in Helium Market?
• What segments are covered in the Helium Market?
• Who are the key players in the Helium market?

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Get a closer look at the game-changing products driving success :

• Past Size and Competitive Landscape
     • Past Pricing and price curve by region
     • Size, Share, Size Forecast by different segment
     • Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
     • Segmentation A detailed analysis by segment with their sub-segments and Region
     • Competitive Landscape Profiles of selected key players by region from a strategic perspective

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