PUBLISHER: Market Research Future | PRODUCT CODE: 1709505
PUBLISHER: Market Research Future | PRODUCT CODE: 1709505
The global market for Helium-3 (3He) is expected to reach USD 672.62 million by 2024. Projections of a compound annual growth rate (CAGR) of 9.03% from 2025 to 2035 highlight the rare isotope's growing demand and numerous applications. Helium-3, a non-radioactive isotope of helium, is an important resource in a wide range of high-tech industries, including medical imaging, cryogenics, nuclear fusion research, and neutron detection, due to its unique characteristics.
Businesses have various opportunities and challenges in the helium-3 sector. One of the key market drivers is the growing need for helium-3 in science, medicine, and other industries. This need is being driven by an increase in the use of helium-3-based apparatus for cooling and detection, as well as technological developments.
Market trends show a significant growth in research and development projects focusing on the extraction of helium-3 from a number of sources, including lunar regolith and nuclear fusion processes. The possible availability of helium-3 from lunar sources has sparked widespread attention, opening up chances for space exploration firms and research organizations to examine and harness this rich resource.
To meet the growing demand for helium-3, prominent market actors are continuously developing innovative extraction and production methods. They also want to build a sustainable supply chain and secure access to helium-3 reserves through partnerships and cooperation.
Market segmentation insights
The global helium 3 market is divided into the following application categories: Oil and gas, defense, power plants, medicine, and others.
The Global Helium 3 market has been classified as liquid or gas based on its form.
Regional Perspectives
The Helium-3 regional market is segmented into five geographical regions: North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America is Helium3's largest geographic market, accounting for the vast bulk of its market share. Europe is the second largest regional market, followed by Asia-Pacific. Helium3 is in high demand in a multitude of applications, including aerospace, medical imaging, and scientific research, which is driving market expansion.
Major players in the Helium-3 Market include SHI Planet Energy, NuScale Power, Terrestrial Energy, First Helium, Alteria Energy, Helium3, General Atomics, TAE Technologies, Magma Energy, Hokkaido Electric Power, Luna Innovations, Energy Fuels, Helium One, Helion Energy, and Deep Isolation.