Global Helium Liquefier Market Size is Expected to Grow to $275.32 Million by 2028

Global Helium Liquefier Market Overview

According to Global Market Monitor, the global helium liquefier market size will reach $193.23 million in 2023 and is expected to grow to $275.32 million by 2028.

A helium liquefier is an open system that converts helium gas into liquid and is used for purification and recovery. The main components of the machine are compressors, heat exchangers, vacuum-insulated cold boxes, TED expansion, control systems, and liquid helium storage.

Market Drivers

Helium can be applied in satellite spacecraft launches, the missile weapon industry, low-temperature superconductivity studies, and semiconductor production. In recent years, the demand for helium in developing countries has increased with the frequent scientific experiments and the development of the healthcare industry. One major use of helium in scientific research is to create a low-temperature environment. The low boiling point of liquid helium can be used for ultra-low temperature cooling. The helium liquefier can store and transfer liquid helium, which can greatly improve the flexibility of the users' helium recovery and save the cost of liquid helium. As the demand for liquid helium increases, it will promote the development of the helium liquefier market.

Asia Pacific holds the largest market share of the global helium liquefier industry. The growing adoption of helium in the electronics industry of Asia Pacific is likely to generate demand for helium liquefiers. With the development of science and technology, manufacturers have conducted in-depth research on helium liquefier products and made certain improvements and updates to the product manufacturing process and working principles, thus improving the liquefaction efficiency of helium liquefiers, ensuring the purity of helium and liquid helium of user equipment, simplifying the operation and maintenance of equipment and reducing the cost of usage. As the helium liquefier is updated and improved, it will promote cooperation between helium liquefier manufacturers and various customers to expand market share.

Global helium liquefier industry concentration is relatively high. The top three companies are Linde plc, Air Liquide, and Cryomech. Linde is a leading global industrial gases and engineering company with $33 billion sales revenue generated in 2022. Linde's industrial gases and technologies are used in countless applications including the production of clean hydrogen and carbon capture systems which are critical to the energy transition, life-saving medical oxygen, and high-purity & specialty gases for electronics. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements, and emissions reductions.

Company Name	Linde plc
Website	www.linde.com
Established Time	1879
Business Distribution Region	Worldwide
Business Overview	Linde Public Limited Company operates as an industrial gas and engineering company. The company offers products, technologies, and services that help customers improve their economic and environmental performance in a connected world. Linde serves customers worldwide.