Helium-3 Market to Observe Utmost Growth of USD 212,123.19 Thousand by 2029, Size, Share, Demand, Key Drivers, Development Trends and Competitive Outlook
STOCKHOLM, Feb. 16, 2023 /PRNewswire/ -- Data Bridge Market Research has recently published a Report, titled, 'Helium-3 Market'. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. By efficiently using technology, innovative applications and expertise, Helium-3 market research report has been prepared which effectively manages large and complex market data tables. This business document explains market segmentation in the most-detailed pattern as well as conducts thorough analysis of patents and major market players to present a competitive landscape. The credible report also comprises of reviews about key players, major collaborations, merger & acquisitions along with trending innovation and business policies. A top-notch Helium-3 marketing report has been framed with the proper use of tools like SWOT analysis and Porter's Five Forces analysis methods.
The significant Helium-3 market report gives an exhaustive overview of product specification, technology, product type, and production analysis by considering major factors such as revenue, cost, and gross margin. This report helps clients to be acquainted with new opportunities in the Helium-3 industry and most important customers for the business growth and increased revenue. By applying best-practice models and research methodologies, complete market analysis is carried out in the comprehensive report to make sure that the report provides accurate market segmentation and insights for the success of business. A high quality Helium-3 report has been planned with full commitment and transparency in research and analysis.
The global helium-3 market is expected to grow significantly in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 2.9% in the forecast period of 2022 to 2029 and is expected to reach USD 212,123.19 thousand by 2029. The major factor driving the growth of the helium-3 market is the continuous deployment of detecting equipment. Magnetic Resonance Imaging (MRI) and other medical imaging modalities are gaining prominence and wide application scope of helium-3.
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Helium-3 is a primordial substance found in Earth's mantle and is a light and stable isotope of helium comprising two protons and one neutron. Helium-3 comprises more protons than neutrons, making it the only stable isotope of any element. Helium-3 is considered to be a naturally nucleogenic and cosmogenic nuclide. Helium-3, an isotope of helium, is a nonradioactive, nontoxic and inert gas. Helium-3 accounts for about 0.0001% of the helium on earth. However, it is present in abundance on the moon. The sun has been emitting helium-3 as a waste product for billions of years. Helium-3 is used in national security, medicine, research and homeland security.
The helium-3 Industry report provides details of market share, new developments and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
Recent Development
- In October 2018, according to VacuTec MeBtechnik GmbH, the neutron detectors 70 060 - 70 065 were proportional counter tubes filled with Helium-3 for optimal thermal neutron sensitivity. Because of its great neutron sensitivity and relatively low Gamma-radiation sensitivity, it is excellent for portable neutron detectors and neutron measurements in tiny cavities or pipelines.
- In September 2021, Laurentis Energy Partners began production of a Helium-3 isotope used in medical imaging. He-3 is a non-toxic inhalant used to assess lung function. After inhaling the hyperpolarized He-3 gas, gas mixes may be scanned using a Magnetic Resonance Imaging (MRI) scanner to generate detailed anatomical and functional pictures of lung breathing. This innovative approach enables the identification and treatment of a wide range of chronic respiratory disorders.
Some of the major players operating in the Helium-3 market are:
- ISOFLEX,
- Raims Ltd,
- LND, INC,
- Chemgas,
- Laurentis Energy Partners Inc.,
- Air Liquide,
- Savannah River Site,
- Space Industries and
- Federal state unitary enterprise
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The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Helium-3 market
Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Helium-3 Market
Opportunities
- The extraction of Helium-3 from lunar surfaces is becoming more important
In recent decades, science fiction and fact have been motivated by the concept of collecting a clean and efficient kind of energy from the Moon. The solar wind has assaulted the Moon with massive amounts of Helium-3, unlike Earth, which is shielded by its magnetic field. Because it is not radioactive and does not create hazardous waste, it is anticipated that this isotope might supply safer nuclear energy in a fusion reactor. Helium-3 concentrations on the Moon's surface are on the order of 0.01 ppm. Several people have advocated exploring the moon, mining lunar regolith and utilizing helium-3 for fusion. Because of the low quantities of helium-3, any mining equipment would have to handle a vast amount of regolith. Some ideas have recommended that helium-3 extraction be tacked onto a bigger mining and development project.
- Increased emphasis on its potential as a nuclear power plant fuel
Helium-3 (He3) is employed as a nuclear fusion fuel in current fusion research. Scientists have been striving to develop nuclear power using nuclear fusion rather than nuclear fission due to radioactivity and nuclear waste. The same energy source that powers the Sun and other stars are used in nuclear fusion. One possible approach is to employ helium-3 and deuterium as fuel in "aneutronic" (no neutron) fusion reactors. When helium-3 and deuterium fuse to form regular helium and a proton, less energy is wasted and the process is simpler to manage. Nuclear fusion reactors employing helium-3 might thus provide a very efficient kind of nuclear power with almost little waste or radiation, even though the protons produced have a charge. Because the proton can be confined using electric and magnetic fields, direct electric generation is twice as efficient as thermal power generation.
Market Dynamics: Helium-3 Market
- The continuous deployment of detecting equipment
Helium-3 is essential in neutron detection apparatus based on the absorption principle. He-3 filled proportional counters are common neutron detectors best suited for detecting thermal neutrons. Helium-3 absorbs neutrons and emits high-energy particles detected as a current and converted to neutron counts. Larger kinds are also employed for pulse height spectroscopy of epithermal and fast neutrons. This detector is extremely sensitive to photon radiation and the residual quantity may be well differentiated using electrical techniques. He-3 proportional counters have a wide range of applications, including monitoring substrates rich in hydrogen, such as water and oil, where the measured substrate functions as a moderator. TGM's He-3 detectors, for example, are commonly employed in conjunction with a fast neutron source to assess moisture content in soil and concrete. They are also used to determine the amount of oil in the stratum of an oil well while it is being drilled.
- Magnetic Resonance Imaging (MRI) and other medical imaging modalities are gaining prominence
Helium-3 is widely employed in medical imaging methods, including magnetic resonance imaging (MRI), in clinical respiratory implications such as asthma, chronic obstructive pulmonary disease, cystic fibrosis, radiation-induced lung damage and transplantation. Helium is most often used as a cryogen in MRI equipment. Cryogens are substances that sustain extremely low temperatures, such as ice in a cooler. Helium has a liquid temperature of more than 450 degrees below zero. Because the coils in MRI machines must be kept close to this temperature to generate the intense magnetic field required to take pictures, the coils are surrounded by liquid helium in MRI machines.
- Wide application scope of Helium-3
Helium-3 has a wide range of applications, allowing it to flourish worldwide. Almost all helium-3 is being employed for security purposes across the world. Cryogenics, quantum computers, neutron scattering facilities, oil and gas exploration and various medical applications are other uses. Helium-3 is used by space organizations as an inert purge gas for hydrogen systems and as a pressurizing agent for ground and flight fluid systems. Helium is also used as a cryogenic agent to cool various materials and in precision welding operations. Helium's usage as a non-toxic, inert gas makes it excellent for use in controlled atmosphere conditions. Helium is a liquid at temperatures below 269 degrees Celsius, making it a suitable coolant for quantum computing research. In modern medicine, MRI technology is indispensable. The superconductive magnets within MRI scanners reach extremely high temperatures and are cooled by helium. Each year, a single MRI scanner consumes 700 liters of helium. Used as a coolant in thermographic quantum detectors, purge gas in missile propulsion systems and fuel pressurizing agent.
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Key Industry Segmentation: Helium-3 Market
Type
- Ultra-high purity grade helium
- High purity grade helium
Product Type
- Gas
- Liquid
Application
- Oil and Gas
- Defense
- Power Plant
- Medical
- Others
End-Use
- NMR
- Border Security
- Fusion Research Labs
Regional Analysis/Insights: Helium-3 Market
The countries in the helium-3 market report are the U.S., Canada, China, Brazil, Argentina, the Rest of South America, Middle East and Africa.
China dominates in the Asia-Pacific region with the continuous deployment of detecting equipment. Europe is expected to dominate the helium-3 market because Magnetic Resonance Imaging (MRI) and other medical imaging modalities are gaining prominence in the region. Middle East & Africa dominated the helium-3 market due to the wide application scope of helium-3 in the region.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Helium-3 Market: Regulations
- Market Overview
- Global Helium-3 Market, By Type
- Global Helium-3 Market, By Product Type
- Global Helium-3 Market, By Application
- Global Helium-3 Market, By End User
- Global Helium-3 Market, By Region
- Global Helium-3 Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-helium-3-market
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