This report contains most up to date market information with which companies can have in depth analysis of helium-3 market and future trends. With the market statistics mentioned in the helium-3 report, it has become possible to get global perspective for the international business. By knowing the marketing strategies of rivals, businesses can set up pioneering ideas and striking sales targets which ultimately make them achieve competitive advantage over its competitors. Thus, the Helium-3 market report acts as an imperative tool to have increments in business activities, qualitative work done and enhanced profits.

 

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.

 

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Market Definition:

 

The continuous deployment of detecting equipment is an important driver for the global helium-3 market. Magnetic Resonance Imaging (MRI) and other medical imaging modalities are gaining prominence and the wide application scope of helium-3 is expected to propel the growth of the global helium-3 market. The major restraints that may negatively impact the global helium-3 market are the scarcity of helium-3 on the planet and the extraction of helium-3 necessitates a large quantity of energy and heavy mining equipment. The extraction of helium-3 from the lunar surface is becoming more important and is expected to provide an opportunity in the global helium-3 market. However, a rising number of issues regarding the extraction of helium-3 from lunar surfaces is projected to challenge the global helium-3 market growth.

 

ISOFLEX, Raims Ltd, Chemgas, Laurentis Energy Partners Inc., Air Liquide, Savannah River Site, Space Industries, Federal state unitary enterprise <<Production Association <<MAYAK>>

 

Global Helium-3 Market Dynamics

 

Drivers

 

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.

 

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.

 

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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TABLE OF CONTENTS:

 

Part 01: Executive Summary

 

Part 02: Scope of the Report

 

Part 03: Research Methodology

 

Part 04: Market Landscape

 

Part 05: Pipeline Analysis

 

Part 06: Market Sizing

 

Part 07: Five Forces Analysis

 

Part 08: Market Segmentation

 

Part 09: Customer Landscape

 

Part 10: Regional Landscape

 

Part 11: Decision Framework

 

Part 12: Drivers and Challenges

 

Part 13: Market Trends

 

Part 14: Vendor Landscape

 

Part 15: Vendor Analysis

 

Part 16: Appendix

 

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