The global gaseous and liquid helium market size was valued at US$ 7.05 billion in 2023 and is projected to reach US$ 29.87 billion by 2030 at a CAGR of 22.9% during the forecast period, 2023-2030.
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 7.05 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
22.90% |
2030 Value Projection: |
US$ 29.87 Bn |
Figure 1. Global Gaseous and Liquid Helium Market Share (%), by Region, 2023
Gaseous and liquid helium exhibit fascinating properties due to their extreme low temperatures and unique quantum behavior. Gaseous helium is widely used in cryogenic applications and as a cooling medium in various scientific experiments. On the other hand, liquid helium, at temperatures near absolute zero, displays remarkable properties like super fluidity, allowing it to flow with zero viscosity. These characteristics make helium a crucial element in advancing both research and technology across various fields. Liquid helium is a fascinating substance due to its unique properties. It is the only element that cannot be solidified by lowering the temperature under standard atmospheric pressure.
Market Dynamics:
Industrial applications, and space exploration are anticipated to drive the growth of the global gaseous and liquid helium market over the forecast period. Moreover, research and development is also expected to boost the growth of the global gaseous and liquid helium market over the forecast period. Liquid helium is used in cryogenics for cooling superconducting magnets in Magnetic resonance imaging (MRI) machines, particle accelerators, and other scientific instruments. It is also used to cool infrared detectors and to study the behavior of matter at extremely low temperatures. Advanced medical imaging, emerging electronics and semiconductors, space exploration and research and energy research and nuclear fusion are expected to create growth opportunities for the global gaseous and liquid helium market during the forecast period.
However, limited supply, infrastructure challenges, and price volatility are expected to hamper the growth of the gaseous and liquid helium market over the forecast period.
Key features of the study:
- This report provides an in-depth analysis of the gaseous and liquid helium market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the gaseous and liquid helium market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Air Products and Chemicals, Inc., Linde plc, Praxair, Inc. (now part of Linde), Air Liquide S.A., Gazprom, RasGas (now part of Qatar Petroleum), ExxonMobil Corporation, Matheson Tri-Gas, Inc., Iwatani Corporation, and Messer Group GmbH
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The gaseous and liquid helium market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the gaseous and liquid helium market
Gaseous and Liquid Helium Market Detailed Segmentation:
- Gaseous And liquid Helium Market Segmentation:
- By Application:
- Cooling and Cryogenics
- Welding and Cutting
- Leak Detection
- Breathing Mixtures
- Fiber Optics Manufacturing
- Semiconductor Manufacturing
- Other Industrial Applications
- By End-Use Industry:
- Healthcare and Medical
- Electronics and Semiconductors
- Aerospace and Defense
- Energy and Power
- Automotive
- Research and Development
- Other Industrial Sectors
- By Distribution Method
- Bulk Supply
- Cylinder and Packaged Gas Distribution
- On-Site Generation
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Liquid Helium Market Segmentation:
- By Application:
- Magnetic Resonance Imaging (MRI)
- Superconducting Magnets (Research and Medical)
- Cryogenic Research
- Particle Accelerators
- Helium Leak Testing
- Cooling and Cryogenic Applications
- By End-Use Industry:
- Healthcare and Medical
- Research Institutes and Laboratories
- Industrial Manufacturing
- Energy and Power
- Aerospace and Defense
- Other High-Tech Industries
- By Distribution Method:
- Dewar Flasks
- Bulk Liquid Helium Delivery
- On-Site Liquid Helium Production
- By Purity Level:
- Ultra-High Purity (UHP) Liquid Helium
- High Purity Liquid Helium
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profile:
- Air Products and Chemicals, Inc.
- Linde plc
- Praxair, Inc. (now part of Linde)
- Air Liquide S.A.
- Gazprom
- RasGas (now part of Qatar Petroleum)
- ExxonMobil Corporation
- Matheson Tri-Gas, Inc.
- Iwatani Corporation
- Messer Group GmbH