USD 3.94 billion
Report ID: SQSG15A2014 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 97 | Figures: 77
Global Helium Market size was valued at USD 3.94 billion in 2021 and is poised to grow from USD 4.45 billion in 2022 to USD 13.26 billion by 2030, growing at a CAGR of 12.9% in the forecast period (2023-2030).
Helium is used as a coolant for the Large Hadron Collider (LHC) and superconducting magnets in MRI scanners and NMR spectrometers. It is also used to cool satellite instruments and was used to cool the liquid oxygen and hydrogen that powered the Apollo spacecraft. The main types of helium are liquid helium and gaseous helium. Liquid helium is a superfluid, it essentially behaves like a zero-viscosity fluid governed by Euler's equations.
These are used in applications such as breathing mixtures, cryogenics, leak detection, pressurization and purging, welding, controlled atmosphere, and other applications that are used by end-users such as aerospace and aircraft, electronics and semiconductors, nuclear power, healthcare, welding, and metal fabrication, and other end-user industries.
Helium is used in various healthcare applications as adjunctive therapy in the exacerbation of asthma, ARDS, croup, COPD, and bronchiolitis. For example, helium is used in magnetic resonance imaging (MRI) systems to regulate powerful magnets, which is useful for monitoring various conditions of the abdomen, chest, and pelvis, and also useful for diagnosing pregnancy.
US Helium Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.94 billion
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Global Helium market is segmented based on the Types, Application, end user, and region. Based on the Types, the Helium Market is segmented as liquid and gas. Based On Application, the Helium Market is segmented as Breathing Mixes, Cryogenics, Leak Detection, Pressurizing and Purging, Welding, Controlled Atmosphere, and Others. Based on end user, the Helium Market is segmented into healthcare, electronics & semiconductors, aerospace, defense, energy and power, and others. Based on Region Helium Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Helium Market Analysis by Types
Based on its types, the global helium market can be segmented into liquids and gas. Among these there is Large-scale usage of gaseous helium, which also has the biggest market share, it is frequently used in welding. Gas-based helium has applications in fiber optics, semiconductors, leak detection, pressurizing and purging, and as a heat transfer medium. The need for gas from medical applications like NMR and MRI, expansion in the semiconductor industry, and electronics in the APAC region are the main factors driving the growth of the worldwide helium gas market. The utilization of gas helium in recent years has been on the rise with increasing adoption in various end-use segments.
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Asia Pacific has dominated the global helium market. Due to the high growth of end-user sectors like electronics and semiconductors, healthcare, and manufacturing, particularly in developing nations like China, Japan, and India, the region is predicted to grow significantly throughout the projection period. In 2021, a significant portion of the worldwide helium market was accounted for by Europe. The demand for helium in the region is projected to increase as investments increase in the manufacturing, aerospace, and healthcare end-user sectors as well as in the aerospace and defense industries.
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Helium Market Driver
Helium Market Restraint
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The Global Helium market is medium concentrated, with prominent players in the market which accounting over 75% of the total market. Key players include Air Liquide, Linde PLC, Matheson Tri-Gas Inc., Iwatani Corporation, and Messer Group, among others. They conduct out partnerships, mergers, acquisitions, collaborations, and other strategy.
Helium Market Top Player's Company Profiles
Helium Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Helium market Analysis, in terms of product gaseous phase has the biggest market share as there is Large-scale usage of gaseous helium, it is frequently used in welding. in terms of application, the white goods segment held the largest share-based systems will challenge the market growth during the forecast period.
|Market size value in 2021||USD 3.94 billion|
|Market size value in 2030||USD 4.45 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Helium Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Helium Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Helium Market:
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