The increasing demand for liquid helium is driving the helium liquefier market, which is expected to reach 2028The global helium liquefier market size will grow to 275billion dollars
Overview of the global helium liquefier industry market
According to Bergers Consulting, the market size of the global helium liquefier industry in 2023 is 1$9.3 billion, which is expected to grow to $2$7.5 billion.
A helium liquefier is an open system for purification and **, converting helium into liquid. The whole machine is mainly composed of compressor, heat exchanger, vacuum insulation cold box, TED expansion, control system, liquid helium reservoir, etc.
Industry Driver Analysis
Helium has important applications in satellite spacecraft launches, missile industry, low-temperature superconductivity research, and semiconductor production. In recent years, with the frequent scientific experiments and the development of the healthcare industry, the demand for helium in developing countries has been increasing. A major use of helium in scientific research is to create a cryogenic environment. Liquid helium has a low boiling point and can be used for ultra-low temperature cooling, and the helium liquefier can store and transfer liquid helium, which can greatly improve the flexibility of the user's helium and save the cost of liquid helium. As the demand for liquid helium increases, the helium liquefier market will be driven.
Asia-Pacific holds the largest share of the global helium liquefier market. The increasing adoption of helium in the electronics industry in the Asia-Pacific region has created a demand for helium liquefiers. With the development of science and technology, manufacturers have conducted in-depth research on helium liquefier products, and have made certain improvements and updates to the manufacturing process and working principle of the products, so as to improve the liquefaction efficiency of helium liquefiers, ensure the purity of helium and liquid helium used by user equipment, simplify the operation and maintenance of equipment, and reduce the cost of use. With the renewal and improvement of helium liquefiers, it will promote the cooperation of helium liquefier manufacturers with various customers and expand market share.
The global helium liquefier industry is highly concentrated, and the top three companies are Linde PLC, Air Liquide, and Cryomech. Linde is a leading global industrial gases and engineering company with sales of $33 billion in 2022. Linde's industrial gases and technologies are used in countless applications, including the production of clean hydrogen and carbon capture systems that are critical to the energy transition, life-saving medical oxygen, and high-purity and specialty gases for electronics. Linde also offers state-of-the-art gas treatment solutions to support customers in scaling, increasing efficiency and reducing emissions.