Product Code: MRFR/CnM/24414-HCR
Market Overview
The global market for Helium-3 (3He) is expected to reach USD 672.62 million by 2024. Projections of a compound annual growth rate (CAGR) of 9.03% from 2025 to 2035 highlight the rare isotope's growing demand and numerous applications. Helium-3, a non-radioactive isotope of helium, is an important resource in a wide range of high-tech industries, including medical imaging, cryogenics, nuclear fusion research, and neutron detection, due to its unique characteristics.
Businesses have various opportunities and challenges in the helium-3 sector. One of the key market drivers is the growing need for helium-3 in science, medicine, and other industries. This need is being driven by an increase in the use of helium-3-based apparatus for cooling and detection, as well as technological developments.
Market trends show a significant growth in research and development projects focusing on the extraction of helium-3 from a number of sources, including lunar regolith and nuclear fusion processes. The possible availability of helium-3 from lunar sources has sparked widespread attention, opening up chances for space exploration firms and research organizations to examine and harness this rich resource.
To meet the growing demand for helium-3, prominent market actors are continuously developing innovative extraction and production methods. They also want to build a sustainable supply chain and secure access to helium-3 reserves through partnerships and cooperation.
Market segmentation insights
The global helium 3 market is divided into the following application categories: Oil and gas, defense, power plants, medicine, and others.
The Global Helium 3 market has been classified as liquid or gas based on its form.
Regional Perspectives
The Helium-3 regional market is segmented into five geographical regions: North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America is Helium3's largest geographic market, accounting for the vast bulk of its market share. Europe is the second largest regional market, followed by Asia-Pacific. Helium3 is in high demand in a multitude of applications, including aerospace, medical imaging, and scientific research, which is driving market expansion.
Key Players
Major players in the Helium-3 Market include SHI Planet Energy, NuScale Power, Terrestrial Energy, First Helium, Alteria Energy, Helium3, General Atomics, TAE Technologies, Magma Energy, Hokkaido Electric Power, Luna Innovations, Energy Fuels, Helium One, Helion Energy, and Deep Isolation.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
- 1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 GLOBAL HELIUM 3 MARKET, BY FORM
- 1.1.2 GLOBAL HELIUM 3 MARKET, BY APPLICATION
- 1.1.3 GLOBAL HELIUM 3 MARKET, BY REGION
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 RESEARCH OBJECTIVE
- 2.4 MARKET STRUCTURE
- 2.5 KEY BUYING CRITERIA
3 RESEARCH METHODOLOGY
- 3.1 OVERVIEW
- 3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
- 3.3 PURCHASED DATABASE:
- 3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
- 3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
- 3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 CONSUMPTION & NET TRADE APPROACH
- 3.6.2 REVENUE ANALYSIS APPROACH
- 3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
- 3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
- 3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET DYNAMICS
- 4.1 INTRODUCTION
- 4.2 DRIVERS
- 4.2.1 GROWING DEMAND FOR HELIUM-3 IN NUCLEAR FUSION RESEARCH PROJECTS
- 4.2.2 INCREASING USE OF HELIUM-3 IN NEUTRON DETECTION FOR SECURITY APPLICATIONS
- 4.3 RESTRAINTS
- 4.3.1 LIMITED NATURAL AVAILABILITY INCREASES EXTRACTION AND PRODUCTION COSTS
- 4.3.2 LACK OF LARGE-SCALE COMMERCIAL MINING INFRASTRUCTURE DELAYS MARKET GROWTH
- 4.4 OPPORTUNITY
- 4.4.1 ADVANCEMENTS IN SPACE EXPLORATION FOR FUEL IN NUCLEAR REACTORS
- 4.4.2 EXPANDING APPLICATIONS IN CRYOGENICS FOR SUPERCONDUCTING MAGNET COOLING
- 4.5 IMPACT ANALYSIS OF COVID - 19
- 4.6 IMPACT ANALYSIS OF RUSSIA-UKRAINE WAR
5 MARKET FACTOR ANALYSIS
- 5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 PARTICIPANTS
- 5.1.1.1 RAW MATERIALS SUPPLIERS
- 5.1.1.2 MANUFACTURERS
- 5.1.1.3 DISTRIBUTORS
- 5.1.1.4 END-USERS
- 5.1.2 VALUE PERCOLATION ACROSS THE CHAIN
- 5.1.3 INTEGRATION LEVELS
- 5.1.4 KEY ISSUES ADDRESSED
- 5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
- 5.3 REGULATORY FRAMEWORK
- 5.3.1 GOVERNMENT POLICIES
- 5.3.2 CERTIFICATIONS & STANDARDS
- 5.4 TECHNOLOGICAL ADVANCEMENTS AND INNOVATIONS
- 5.4.1 TECHNOLOGY ROADMAP
- 5.4.2 COMPATIBILITY WITH APPLICATIONS
- 5.4.3 ADVANCED TESTING AND ANALYSIS
- 5.5 CASE STUDY ANALYSIS
- 5.5.1 CASE STUDY 1 : HELIUM-3 IN NUCLEAR FUSION RESEARCH - ITER'S ROLE AND FUTURE IMPLICATIONS
- 5.5.2 CASE STUDY 2 : HELIUM-3 IN NATIONAL SECURITY - U.S. AND CHINA'S STRATEGIC INTEREST IN HELIUM-3 FOR ADVANCED NEUTRON DETECTION
- 5.6 BROAD LEVEL GAP ANALYSIS TO UNDERSTAND UNTAPPED AREAS
- 5.6.1 BASED ON FORM
- 5.6.2 BASED ON APPLICATION
- 5.7 R&D UPDATE
- 5.7.1 CURRENT SCENARIO
- 5.7.2 FUTURE ROADMAP
- 5.7.3 CHALLENGES
- 5.7.4 NOVEL APPLICATIONS
- 5.7.5 KEY DEVELOPMENTS
- 5.8 PESTEL ANALYSIS
- 5.8.1 POLITICAL FACTORS
- 5.8.2 ECONOMIC FACTORS
- 5.8.3 SOCIAL FACTORS
- 5.8.4 TECHNOLOGICAL FACTORS
- 5.8.5 ENVIRONMENTAL FACTORS
- 5.8.6 LEGAL FACTORS
6 GLOBAL HELIUM 3 MARKET, BY FORM
- 6.1 INTRODUCTION
- 6.2 LIQUID
- 6.3 GAS
7 GLOBAL HELIUM 3 MARKET, BY APPLICATION
- 7.1 INTRODUCTION
- 7.2 OIL & GAS
- 7.3 DEFENSE
- 7.4 POWER PLANT
- 7.5 MEDICAL
- 7.6 OTHERS
8 GLOBAL HELIUM 3 MARKET, BY REGION
- 8.1 OVERVIEW
- 8.2 NORTH AMERICA
- 8.2.1 US
- 8.2.2 CANADA
- 8.2.3 MEXICO
- 8.3 EUROPE
- 8.3.1 GERMANY
- 8.3.2 UK
- 8.3.3 FRANCE
- 8.3.4 RUSSIA
- 8.3.5 ITALY
- 8.3.6 SPAIN
- 8.3.7 REST OF EUROPE
- 8.4 ASIA PACIFIC
- 8.4.1 CHINA
- 8.4.2 INDIA
- 8.4.3 JAPAN
- 8.4.4 SOUTH KOREA
- 8.4.5 MALAYSIA
- 8.4.6 THAILAND
- 8.4.7 INDONESIA
- 8.4.8 REST OF ASIA PACIFIC
- 8.5 SOUTH AMERICA
- 8.5.1 BRAZIL
- 8.5.2 ARGENTINA
- 8.5.3 REST OF SOUTH AMERICA
- 8.6 MIDDLE EAST & AFRICA
- 8.6.1 GCC COUNTRIES
- 8.6.2 SOUTH AFRICA
- 8.6.3 REST OF MIDDLE EAST & AFRICA
9 COMPETITIVE LANDSCAPE
- 9.1 COMPETITIVE OVERVIEW
- 9.2 MAJOR PLAYERS IN THE GLOBAL HELIUM 3 MARKET
- 9.3 MAJOR PLAYERS IN TERMS OF MARKET DISRUPTORS & INNOVATORS
- 9.4 COMPETITIVE BENCHMARKING
- 9.5 STRATEGIES OF MARKET LEADERS IN THE GLOBAL HELIUM 3 MARKET
- 9.5.1 AIR LIQUIDE S.A.
- 9.5.2 LINDE PLC
- 9.5.3 AIR PRODUCTS & CHEMICALS, INC
- 9.5.4 IWATANI CORPORATION
- 9.5.5 PJSC GAZPROM
- 9.6 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN GLOBAL HELIUM 3 MARKET
- 9.7 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 9.7.1 CONTRACTS AND AGREEMENT
- 9.7.2 EXPANSION/ACQUISITION/PARTNERSHIP
10 COMPANY PROFILES
- 10.1 AIR LIQUIDE S.A.
- 10.1.1 COMPANY OVERVIEW
- 10.1.2 FINANCIAL OVERVIEW
- 10.1.3 PRODUCTS/SERVICES OFFERED
- 10.1.4 KEY DEVELOPMENTS
- 10.1.5 SWOT ANALYSIS
- 10.1.6 KEY STRATEGIES
- 10.2 AIR PRODUCTS & CHEMICALS, INC
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 FINANCIAL OVERVIEW
- 10.2.3 PRODUCTS OFFERED
- 10.2.4 KEY DEVELOPMENTS
- 10.2.5 SWOT ANALYSIS
- 10.2.6 KEY STRATEGIES
- 10.3 IWATANI CORP.
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 FINANCIAL OVERVIEW
- 10.3.3 PRODUCTS OFFERED
- 10.3.4 KEY DEVELOPMENTS
- 10.3.5 SWOT ANALYSIS
- 10.3.6 KEY STRATEGIES
- 10.4 LINDE PLC
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 FINANCIAL OVERVIEW
- 10.4.3 PRODUCTS OFFERED
- 10.4.4 KEY DEVELOPMENTS
- 10.4.5 SWOT ANALYSIS
- 10.4.6 KEY STRATEGIES
- 10.5 PJSC GAZPROM
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 FINANCIAL OVERVIEW
- 10.5.3 PRODUCTS/SERVICES OFFERED
- 10.5.4 KEY DEVELOPMENTS
- 10.5.5 SWOT ANALYSIS
- 10.5.6 KEY STRATEGIES
- 10.6 GULF CRYO
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 FINANCIAL OVERVIEW
- 10.6.3 PRODUCTS OFFERED
- 10.6.4 KEY DEVELOPMENTS
- 10.6.5 SWOT ANALYSIS
- 10.6.6 KEY STRATEGIES
- 10.7 IACX ENERGY
- 10.7.1 COMPANY OVERVIEW
- 10.7.2 FINANCIAL OVERVIEW
- 10.7.3 PRODUCTS OFFERED
- 10.7.4 KEY DEVELOPMENTS
- 10.7.5 SWOT ANALYSIS
- 10.7.6 KEY STRATEGIES
- 10.8 LAURENTIS ENERGY PARTNERS INC
- 10.8.1 COMPANY OVERVIEW
- 10.8.2 FINANCIAL OVERVIEW
- 10.8.3 PRODUCTS OFFERED
- 10.8.4 KEY DEVELOPMENTS
- 10.8.5 SWOT ANALYSIS
- 10.8.6 KEY STRATEGIES
- 10.9 MATHESON TRI-GAS, INC.
- 10.9.1 COMPANY OVERVIEW
- 10.9.2 FINANCIAL OVERVIEW
- 10.9.3 PRODUCTS OFFERED
- 10.9.4 KEY DEVELOPMENTS
- 10.9.5 SWOT ANALYSIS
- 10.9.6 KEY STRATEGIES
- 10.10 MESSER GROUP
- 10.10.1 COMPANY OVERVIEW 175
- 10.10.2 FINANCIAL OVERVIEW
- 10.10.3 PRODUCTS OFFERED
- 10.10.4 KEY DEVELOPMENTS
- 10.10.5 SWOT ANALYSIS
- 10.10.6 KEY STRATEGIES