Helium Market Overview
The recently published market intelligence report by Maximize Market Research highlights the promising growth potential of the Helium Market during the forecast period. Within the Helium market report, there's an exploration of growth drivers, significant limitations, imminent challenges, and prevailing opportunities within the market. This analysis also provides insights into the Helium market size across various regions and segments.
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Helium Market Values
The global Helium market was valued at US $15.48 Bn. in 2023, and it is expected to reach US $27.06 Bn. by 2030 with a CAGR of 8.3% during the forecast period.
Helium Market Report Scope and Research Methodology
The report delves extensively into the Helium market, encompassing a thorough examination of all critical facets. It offers an in-depth analysis of the Helium market on local, regional, and global scales. Within the realm of competitive analysis, the report enlists Helium key competitors and emerging entrants, categorized by criteria such as region, financial standing, revenue, adopted technological advancements, potent marketing strategies, as well as instances of mergers, acquisitions, joint ventures, and product portfolios.
SWOT analysis is employed to illuminate the strengths and weaknesses of key players within the Helium industry. Furthermore, the utilization of PORTER and PESTLE analysis facilitates a multifaceted understanding of the Helium market, encompassing diverse perspectives such as political and economic factors.
Helium Market Segmentation
by Phase
Liquid
Gas
The liquid phase and gas phase segments make up the worldwide helium market.
Due to the development of COVID-19 and the subsequent increase in the number of people afflicted by the pandemic worldwide, the liquid phase segment dominated the market in terms of revenue in 2023. The medical sector is the largest user of liquid helium because it cools the super magnets found in MRI scanners.
by Application
Breathing Mixes
Cryogenics
Leak Detection
Pressurizing and Purging
Welding
Controlled Atmospheres
Other
The global helium market is divided into six segments based on applications: welding, controlled atmosphere, lead detection, breathing mixes, cryogenics, pressurising and purging, and others.
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 device (SQUID), electron spin resonance spectroscopy (ESR), and superconducting magnetic energy storage (SMEs), the cryogenics segment dominated the market in 2023, accounting for 28% of total revenue.
by End-user Industry
Aerospace & Aircraft
Electronics & Semiconductors
Nuclear Power
Healthcare
Welding & Metal Fabrication
Other
The end-use industry segmentation of the worldwide helium market includes the following: nuclear power, aerospace and aircraft, electronics and semiconductors, welding and metal fabrication, healthcare, and others.
The healthcare industry dominated the market in 2023, accounting for nearly 34% of total revenue. There are numerous uses for helium in the medical industry. Liquid helium is the best option for cooling MRI magnets because it can reach a temperature of -269° C. Helium is also used to track breathing. It is a crucial component in the treatment of asthma, emphysema, and other respiratory conditions.
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Helium Market Key Players
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
Table of content for the Helium Market includes:
Part 01: Executive Summary
Part 02: Scope of the Helium Market Report
Part 03: Helium Market Landscape
Part 04: Helium Market Sizing
Part 05: Helium Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Helium Market Regional Insights
The report includes a detailed explanation of all the factors, market size, growth rate, and import and export in regions:
1)North America
2) Europe
3) Asia Pacific
4) Latin America
5) the Middle East, and Africa.
Key questions answered in the Automotive Relay Market are:
- What is the expected Helium market size by 2029?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Helium Market?
- Which factors are creating opportunities for the Helium market growth?
- How is the intervention from regulatory authority shaping the Helium Market?
- What growth strategies are the players considering to increase their presence in Helium Market?
- What is the Helium market size of the dominating region?
Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2022)
- Past Pricing and price curve by region (2017 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation
- Regional Insights
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Maximize Market Research
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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