About Helium
Helium is an odorless, Colorless, non-toxic, non-corrosive, and non-combustible gas mainly produced or sourced from natural gas wells. The gas also occurs naturally in air, in extremely minute concentration by its release during radioactive decay of uranium. The helium market has high growth prospects due to the maximum applicable for gyroscopes for better navigation in submarines and airplanes that are steering the market growth. Additionally, increasing demand due to it’s used as protective gas for flushing during the processing of semiconductors chips. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the manufacturing of fiber optic cables applications.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Helium market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Air Liquide (France), Messer Group (Germany), Polish Oil and Gas Company (Poland), Iwatani Corporation (Japan), Exxon Mobil Corporation (United States), Matheson Tri-Gas (United States), ONEOK Inc. (United States) and Qatargas Operating Company Limited (Qatar) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Helium market by Type (Gaseous and Liquid), Application (Breathing Mixes, Cryogenics, Leak Detection, Pressurizing and Purging, Welding, Controlled Atmosphere and Other) and Region.
On the basis of geography, the market of Helium has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End Users, the sub-segment i.e. Aerospace and Aircraft will boost the Helium market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand from Asia-Pacific Regions
Market Growth Drivers:
Upsurge Demand from the Healthcare Industry and Development of Efficient Storage and Transport Methods
Challenges:
Stiff Competition among Major Players and Skilled Personnel Required for Extraction
Restraints:
High Cost associated with the Extraction and Transportation of Gas and Complex Tanks Structure hamper the market
Opportunities:
Growing Demand for MRI and NMR Scans and Increasing Demand from Electronics and Semiconductor Industry
In May 2018, Google and Netflix Buying up Massive Quantities of Helium. The gas is already an irreplaceable and critical component of cryogenics in MRI machines. It has increased the storage capacity of hard drives by 50% while reducing power consumption by 23%. These hard drives could soon be put to use by Netflix to improve its streaming video quality
Key Target Audience
Helium Manufacturers, End-Use Market Participants of Different Segments of Helium, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.