Global Helium Liquefier Market Size By Type (Below 40 L/d, 40-80 L/d), By Application (Research Institutes, University), By Geographic Scope And Forecast

Helium Liquefier Market Size And Forecast

Helium Liquefier Market size was valued at USD 172.95 Million in 2021 and is projected to reach USD 302.34 Million by 2030, growing at a CAGR of 6.40% from 2023 to 2030.

The global COVID-19 pandemic has been exceptional and staggering, with helium liquefier encountering higher-than-anticipated demand over all districts compared to pre-widespread levels. The sudden spike in CAGR is inferable to demand returning to pre-pandemic levels once the pandemic is over. The global Helium Liquefier Market development is anticipated to drive due to its application in cryogenics. Fluid helium is one of the most commonly utilized fluids in cryogenics apart from nitrogen. Due to its moo boiling point, liquid helium is utilized in numerous cryogenic systems when temperatures below the bubbling point nitrogen are required.

One of the simple ways to cool different types of openings is to submerge them in fluid helium, which is anticipated to form the demand for liquefier machines. Cryogenics is used for different purposes because it creates cryogenic areas for rockets, and MRI machines put away food in large quantities, freeze blood, have extraordinary impacts on fog and tissue tests, and conjointly cool superconductors. Such patterns for application in cryogenics are anticipated to posture an opportunity for market development amid the forecast period.

Global Helium Liquefier Market Definition

Helium liquefier is an open system that produces helium as a liquid output and requires helium gas to be fed into an equivalent quantity. It is a machine that converts helium gas into a liquid. It is an open system that is used for purification and recovery. Mass flow rates involved in the refrigeration process are asymmetric. The main components of the machine are compressors, heat exchangers, vacuum-insulated cold boxes, TED expansion, control systems, and liquid helium storage.

The emergent demand for helium liquefier is due to the growing demand for helium due to its non-renewable nature. Owing to the need to reutilize helium has spiked the interest of various research and studies. The use of liquid helium for commercial purposes such as magnetoencephalography (MEG) scanners, nuclear magnetic resonance (NMR) spectrometers, and magnetic resonance imaging (MRI) scanners is projected to create demand for liquefier. Demand for helium in the healthcare industry is estimated to drive the demand for liquefiers. The use of helium in experimental physics is projected to facilitate market development.

Global Helium Liquefier Market Overview

The Helium Liquefier Market is expected to really take off, and it's all because everyone needs more helium! Liquid helium is pretty special, especially when it comes to ionization. Think about itwe're talking temperatures close to absolute zero, crazy high specific heat, and amazing thermal conductivity. Right now, liquid helium is a big deal in cryogenics, which is a super common use. But that's not all! It's also used in aerostatics, helping things float as a lifting gas, and it's crucial in semiconductor processing. Plus, things like plasma etching and vacuum pumping rely on helium too. All these growing uses for helium? They're expected to fuel the need for helium liquefiers and open up some seriously profitable opportunities in the market.

Growing demand for helium liquefier owing to its growing R&D activities is estimated to drive the product demand. Mounting investments in research and development activities is one of the critical trends for helium-based devices impacting the global demand. Various ongoing research activities exist to use supercooled helium to improve the global positioning system (GPS) for airplanes and submarines. Such growing R&D activities regarding the product are anticipated to drive market growth during the forecast period.

Several factors can push the growth of the Helium Liquefier Market. Restraining factors such as the high cost of the machinery. One of the limiting factors is the high costs associated with the machine. The harmful effects of continuous exposure to helium can lead to health risks. Large amounts of helium can decrease the available oxygen in the atmosphere. Such negative effects of the product are anticipated to restrict and limit the market growth.

Covid-19 Market Scenario

The COVID-19 pandemic really shook things up worldwide, and the Helium Liquefier Market definitely felt the impact. The outbreak caused problems for many markets, with countries going into lockdown and businesses facing disruptions left and right. Since industries like cryogenics, medical, electronics, and semiconductors drive the need for liquefiers, the slowdown in those areas also hurt the demand for related machinery and equipment. Plus, supply chain issues made it tough to get the raw materials needed to make the final products. Luckily, as these industries bounce back, so is the market for liquefiers.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Helium Liquefier Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global Helium Liquefier Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Helium Liquefier Market Segmentation Analysis

The Global Helium Liquefier Market is Segmented on the basis of Type, Application, and Geography.

Helium Liquefier Market, By Type

• Below 40 L/d
• 40-80 L/d
• Above 80 L/d

Based on Type, The market is bifurcated into Below 40 L/d, 40-80 L/d, and Above 80 L/d. 40-80 L/d is the most widely used type, which takes up about 50% of the global sales market, but above 80 L/d product holds 59% of the global revenue market due to the high price level.

Helium Liquefier Market, By Application

• Research Institutes
• University
• Healthcare
• Others

Based on Application, The market is bifurcated into Research Institutes, University, Healthcare, and Others. Research Institutes was the most widely used area which took up the total sales market share. It is the leading part of the application segment.

Helium Liquefier Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

When we look at the world region by region – North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa – Asia Pacific really stands out in the Global Helium Liquefier Market. They're the biggest users of helium, after all! In fact, you'll find some of the top countries using helium liquefiers right there. What's fueling this? Well, the electronics industry's growing love of helium is a big factor. Plus, all those R&D projects using liquid helium are expected to boost the market, and the increasing use of these machines in cryogenics is only going to help things move forward.

Key Players

The “Global Helium Liquefier Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Essex Industries, Cryo Industries, Jefferson Lab, CHI Engineering, Kor-Chem, Parker Hannifin, Air Liquide Advanced Technologies, Quantum Design, Inc., and Linde Engineering.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• October 24, 2022 – Essex Industries is pleased to announce the acquisition of Precision Aerospace, Inc (PAI), an Aerospace and Defense manufacturing company located in Seymour, CT, effective.
• July 26, 2021 – Essex is pleased to announce our recent partnership with HIFraser. HIFraser has specialized in sea, land, and air environments, leveraging their global OEM partner network. HIFraser provides many services, including engineer design, product, manufacture, maintenance, and repair services. Their extensive technical team consists of qualified engineers and fitting technicians in electrical, mechanical, chilled water, hydraulic, pneumatic, instrumentation, and waste treatment fields.
• 13, 2022 – Parker-Hannifin Corporation, the global leader in motion and control technologies, announced it has completed its acquisition of Meggitt PLC for approximately £6.3 billion. Meggitt, headquartered in Coventry, the UK, had annual revenue of approximately £1.63 billion for the 12 months ending June 30, 2022 and employs more than 9,000 team members serving customers around the world. Meggitt has diverse aerospace and defense exposure with technology and products on almost every major aircraft platform.
• May 23, 2022 – Parker-Hannifin Corporation (NYSEPH, “Parker”), the global leader in motion and control technologies, announced that it has signed an agreement to divest its Aircraft Wheel and Brake Division, located in Avon, Ohio, in the United States, to Kaman Corporation (NYSEKAMN). Kaman, headquartered in Bloomfield, Connecticut, is a leading manufacturer of components and materials for aerospace and defense, industrial and medical markets.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

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