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The size of the global helium market, which was estimated to be worth USD 3.99 billion in 2022, is expected to increase from USD 4.49 billion in 2023 to USD 13.29 billion by 2030, expanding at a CAGR of 13.9% over the forecast period (2023-2030).
In MRI scanners, NMR spectrometers, and the Large Hadron Collider (LHC), helium is utilized to cool superconducting magnets. Additionally, it was utilized to cool the liquid oxygen and hydrogen that powered the Apollo spacecraft as well as satellite sensors. Helium comes in two major forms: gaseous and liquid. A superfluid, liquid helium effectively acts like a zero-viscosity fluid under the control of Euler's equations.
These are utilized in a variety of end-user industries, including aerospace and aviation, electronics and semiconductors, nuclear power, healthcare, welding, and metal fabrication. They are also utilized in a variety of applications, including breathing mixtures, cryogenics, leak detection, pressurization and purging, welding, controlled atmospheres, and other applications. Helium is utilized as an adjuvant therapy in a variety of healthcare settings for the onset of asthma attacks, ARDS, croup, COPD, and bronchiolitis. Helium, for instance, is used in magnetic resonance imaging (MRI) systems to control strong magnets, which is helpful for diagnosing pregnancy as well as monitoring various ailments of the belly, chest, and pelvis.
The first noble gas in the periodic table, helium is non-toxic, odorless, colorless, inert, monoatomic, and inert. It is produced after being separated from natural gas and has an atomic number of 2. The natural gas is compressed and forced through a sieve in this procedure utilizing a cryogenic pipe system. During this process, the helium is removed from the natural gas, leaving just the unrefined form. Electronics and semiconductor devices make extensive use of helium. It is used in healthcare systems to treat illnesses like emphysema, asthma, and others. It is used as a coolant in the development of MRI and NMR technology. Additionally, helium is used in the aerospace and defense industries. Helium is increasingly being used, which will undoubtedly accelerate market expansion during the anticipated time.
The worldwide helium market can be divided into liquids and gases based on their kinds. With growing usage in numerous end-use industries, the use of gas helium has increased recently. The global helium market can be divided into cryogenics, semiconductors and fibers, leak detection, welding, and other applications according on its use. During the projection period, the growth of cryogenics and semiconductors will be fueled by the expanding use of helium in pressurized services and electronics.
Helium is used in a variety of healthcare-related processes. Since liquid helium can drop to a temperature of -269° C, it is perfect for MRI machine magnet cooling. It is also employed to monitor breathing. It is essential for treating breathing conditions including emphysema and asthma. The country's healthcare industry is predicted to be valued USD 372 billion by 2022, mostly as a result of diseases, increased income, more insurance coverage, and expanding health awareness. India's medical sector is growing at a 1.6% yearly rate thanks to the country's rising population. The helium industry's progress toward more sophisticated and accurate medical equipment is being driven by an aging population of almost 100 million people, rising prevalence of lifestyle diseases, rising affluence, and more usage of health insurance.
Due to the focus on creating high-end products, there are now much more manufacturing plants and development centers in the US. Over the forecast period, it is expected to increase its usage. The United States is also home to the largest aerospace industry in the world. The total active general aviation fleet is expected to decrease by 0.9 percent from 212,335 aircraft in 2019 to 210,380 aircraft by 2040 as a result of unfavorable pilot demographics, the availability of significantly less expensive alternatives for recreational use, and the overall rising cost of aircraft ownership. It is estimated that between 2019 and 2040, the fleet of more expensive and advanced turbine-powered aircraft, including rotorcraft, will grow by 14,640 aircraft, or 1.82% annually. However, it is expected that the fleet of turbojet aircraft will increase by 2.32% annually.
Report Coverage
Global Helium research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Helium report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Helium competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Helium market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Helium market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Helium market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Noble Helium Pty Ltd (Australia), Air Products and Chemicals, Inc (US), The Linde Group (Germany), Praxair Technology, Inc (UK), Air Liquide (France), Nippon Helium Inc (Japan), Gulf Cryo (Kuwait), Weil Group (US), Messer Group GmbH (Germany), nexAir LLC (US), and Qatargas Operating Company Limited (Qatar), Linde Plc., Air Products and Chemicals, Inc., Linde AG, RasGas Company Limited, Buzwair Industrial Gases Factories, Praxair, Inc., Air Liquide S.A., Matheson Tri-Gas Inc., Iwatani Corporation, ExxonMobil Corporation, Qatar Petroleum, Gazprom Export LLC, Taiyo Nippon Sanso Corporation, Airgas, Inc., Showa Denko K.K., Australian Helium Pty Ltd., PGNiG SA.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Helium market based on the below-mentioned segments:
Global Helium Market, By Form
Liquid
Gas
Global Helium market, By Application
Cryogenics
Pressurizing and Purging
Welding
Leak Detection
Breathing Mixtures
Controlled Atmosphere
Others
Global Helium Market, By End User
Aerospace & Defense
Electrical & Electronics
Medical
Automotive
Energy
Leisure/Recreational
Welding & Metal Fabrication
others
Global Helium market, Regional Analysis
In MRI scanners, NMR spectrometers, and the Large Hadron Collider (LHC), helium is utilized to cool superconducting magnets. Additionally, it was utilized to cool the liquid oxygen and hydrogen that powered the Apollo spacecraft as well as satellite sensors. Helium comes in two major forms: gaseous and liquid. A superfluid, liquid helium effectively acts like a zero-viscosity fluid under the control of Euler's equations.
These are utilized in a variety of end-user industries, including aerospace and aviation, electronics and semiconductors, nuclear power, healthcare, welding, and metal fabrication. They are also utilized in a variety of applications, including breathing mixtures, cryogenics, leak detection, pressurization and purging, welding, controlled atmospheres, and other applications. Helium is utilized as an adjuvant therapy in a variety of healthcare settings for the onset of asthma attacks, ARDS, croup, COPD, and bronchiolitis. Helium, for instance, is used in magnetic resonance imaging (MRI) systems to control strong magnets, which is helpful for diagnosing pregnancy as well as monitoring various ailments of the belly, chest, and pelvis.
The first noble gas in the periodic table, helium is non-toxic, odorless, colorless, inert, monoatomic, and inert. It is produced after being separated from natural gas and has an atomic number of 2. The natural gas is compressed and forced through a sieve in this procedure utilizing a cryogenic pipe system. During this process, the helium is removed from the natural gas, leaving just the unrefined form. Electronics and semiconductor devices make extensive use of helium. It is used in healthcare systems to treat illnesses like emphysema, asthma, and others. It is used as a coolant in the development of MRI and NMR technology. Additionally, helium is used in the aerospace and defense industries. Helium is increasingly being used, which will undoubtedly accelerate market expansion during the anticipated time.
The worldwide helium market can be divided into liquids and gases based on their kinds. With growing usage in numerous end-use industries, the use of gas helium has increased recently. The global helium market can be divided into cryogenics, semiconductors and fibers, leak detection, welding, and other applications according on its use. During the projection period, the growth of cryogenics and semiconductors will be fueled by the expanding use of helium in pressurized services and electronics.
Helium is used in a variety of healthcare-related processes. Since liquid helium can drop to a temperature of -269° C, it is perfect for MRI machine magnet cooling. It is also employed to monitor breathing. It is essential for treating breathing conditions including emphysema and asthma. The country's healthcare industry is predicted to be valued USD 372 billion by 2022, mostly as a result of diseases, increased income, more insurance coverage, and expanding health awareness. India's medical sector is growing at a 1.6% yearly rate thanks to the country's rising population. The helium industry's progress toward more sophisticated and accurate medical equipment is being driven by an aging population of almost 100 million people, rising prevalence of lifestyle diseases, rising affluence, and more usage of health insurance.
Due to the focus on creating high-end products, there are now much more manufacturing plants and development centers in the US. Over the forecast period, it is expected to increase its usage. The United States is also home to the largest aerospace industry in the world. The total active general aviation fleet is expected to decrease by 0.9 percent from 212,335 aircraft in 2019 to 210,380 aircraft by 2040 as a result of unfavorable pilot demographics, the availability of significantly less expensive alternatives for recreational use, and the overall rising cost of aircraft ownership. It is estimated that between 2019 and 2040, the fleet of more expensive and advanced turbine-powered aircraft, including rotorcraft, will grow by 14,640 aircraft, or 1.82% annually. However, it is expected that the fleet of turbojet aircraft will increase by 2.32% annually.
Report Coverage
Global Helium research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Helium report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Helium competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Helium market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Noble Helium Pty Ltd (Australia), Air Products and Chemicals, Inc (US), The Linde Group (Germany), Praxair Technology, Inc (UK), Air Liquide (France), Nippon Helium Inc (Japan), Gulf Cryo (Kuwait), Weil Group (US), Messer Group GmbH (Germany), nexAir LLC (US), and Qatargas Operating Company Limited (Qatar), Linde Plc., Air Products and Chemicals, Inc., Linde AG, RasGas Company Limited, Buzwair Industrial Gases Factories, Praxair, Inc., Air Liquide S.A., Matheson Tri-Gas Inc., Iwatani Corporation, ExxonMobil Corporation, Qatar Petroleum, Gazprom Export LLC, Taiyo Nippon Sanso Corporation, Airgas, Inc., Showa Denko K.K., Australian Helium Pty Ltd., PGNiG SA. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Helium Market from 2021 to 2030.
- Market Forecast for Helium Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Helium competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Helium
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Helium market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Helium market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Noble Helium Pty Ltd (Australia), Air Products and Chemicals, Inc (US), The Linde Group (Germany), Praxair Technology, Inc (UK), Air Liquide (France), Nippon Helium Inc (Japan), Gulf Cryo (Kuwait), Weil Group (US), Messer Group GmbH (Germany), nexAir LLC (US), and Qatargas Operating Company Limited (Qatar), Linde Plc., Air Products and Chemicals, Inc., Linde AG, RasGas Company Limited, Buzwair Industrial Gases Factories, Praxair, Inc., Air Liquide S.A., Matheson Tri-Gas Inc., Iwatani Corporation, ExxonMobil Corporation, Qatar Petroleum, Gazprom Export LLC, Taiyo Nippon Sanso Corporation, Airgas, Inc., Showa Denko K.K., Australian Helium Pty Ltd., PGNiG SA.
Primary Target Market
- Market Players of Helium
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Helium market based on the below-mentioned segments:
Global Helium Market, By Form
Liquid
Gas
Global Helium market, By Application
Cryogenics
Pressurizing and Purging
Welding
Leak Detection
Breathing Mixtures
Controlled Atmosphere
Others
Global Helium Market, By End User
Aerospace & Defense
Electrical & Electronics
Medical
Automotive
Energy
Leisure/Recreational
Welding & Metal Fabrication
others
Global Helium market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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