Helium-3 Market Size to Boost USD 888.6 Million By 2032 | CAGR 9.0% - Published by Emergen Research

The global Helium-3 Market size was USD 378.0 Million in 2022 and is expected to register a rapid revenue CAGR of 9.0% during the forecast period. Rising demand for detecting equipment and increasing adoption of Magnetic Resonance Imaging (MRI) and other medical imaging modalities are key factors driving market revenue growth.Helium-3 refers to a light and stable isotope of helium with two protons and one neutron. It is characterized based on their grade by level of purity that is ultra-high purity grade and high purity grade helium.

The Helium-3 market is garnering increasing attention and interest due to its unique properties and potential applications in various fields, including scientific research, nuclear fusion, and space exploration. Helium-3, a rare isotope of helium with two protons and one neutron, is prized for its scarcity on Earth and its abundance on the moon's surface. As scientific and technological advancements continue to unlock the potential of Helium-3, the market is poised for growth and innovation in the coming years.

 The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Drivers of the Helium-3 Market :

One of the primary drivers of the Helium-3 market is its potential use in nuclear fusion reactions. Unlike traditional nuclear fission, which generates radioactive waste and poses safety concerns, nuclear fusion offers the promise of clean, abundant energy with minimal environmental impact. Helium-3, when combined with deuterium, can fuel fusion reactions that release energy without producing harmful by-products, making it an attractive candidate for future fusion power generation.

Challenges and Restraints

Despite its potential, the Helium-3 market faces several challenges. One challenge is the limited availability of Helium-3 on Earth. While Helium-3 is abundant on the moon's surface, extracting and transporting it to Earth poses technical and logistical challenges. As a result, the current supply of Helium-3 is primarily sourced from nuclear reactors and stockpiles, leading to constraints on market availability and affordability.

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The report also discusses the key players involved in the market such as:

Helium-3 Ventures, Bruker, Oxford Instruments, Praxair Technology Inc., Air Liquide, Savannah River Site, Raims Ltd., LND Inc., Isoflex, Chemgas, NTI, Merck KGaA, European Space Agency, and Laurentis Energy Partners Inc

The report provides a thorough estimation of the overall impact of the pandemic on the Helium-3 Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Helium-3 Market

Helium-3 Latest Industry Updates

On February 3, 2023, Bruker installed two new compact 1.0 GHz NMR spectrometers for advanced molecular and structural biology applications, exceeding expectations. initially late 2022. Two new Ascend NMR Evo 1.0 GHz systems operate at 4.2 Kelvin with no sub-liquid temperatures. The helium temperature and thus liquid helium consumption are approximately 65% lower than with the previous 1.0 GHz, 2 Kelvin two-stage magnet. These new 1.0 GHz NMR magnets also significantly reduce area, weight and ceiling height requirements and are suitable for most single-story laboratories.

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Helium-3 Market Segment Analysis :

For the purpose of this report, Emergen Research has segmented the global helium-3 market on the basis of type, form, application, end-use, and region:

Type Outlook (Revenue, USD Million; 2019-2032)
Ultra-High Purity Grade
High Purity Grade
Product Outlook (Revenue, USD Million; 2019-2032)
Gas
Liquid
Application Outlook (Revenue, USD Million; 2019-2032)
Oil & Gas (O&G)
Defense
Power Plant
Medical
Others
End-use Outlook (Revenue, USD Million; 2019-2032)
Cryogenics
Nuclear Magnetic Resonance (NMR)
Border Security
Fusion Research Labs
Space Exploration
Others
Regional Outlook (Revenue, USD Million; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa

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