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April 05, 2023|Machinery & Equipment

Top 7 Market Players in Helium Liquefier Industry

Helium Liquefier is a machine which converts helium gas into liquid. The system produces helium as a liquid output and requires helium gas to be fed into an equivalent quantity. The system is used for recovery and purification. The main components of the machines are heat exchanger, compressors, TED expansion, vacuum-insulated cold box, and liquid helium storage. The market is anticipated to grow due to increased demand for helium for its non-renewable nature. Several benefits of adopting helium gases and ongoing research and development activities is anticipated to accelerate market growth.  The market is attributed to expand for its application in cryogenics. The liquid helium is the on of the most important liquids used in cryogenics application. It is used for its lower boiling point and several usage of cryogenics in storing of food in large quantities, MRI machines, special effects of fog, freezing blood, and tissue samples are estimated to surge market progress. Increased application of helium in several applications is anticipated to aid industry progress over the forecast period.

As per Business Research Insights, the market size of Helium Liquefier was 189.7million in 2022, the market is projected to touch USD 275.3 million by 2028, exhibiting a CAGR of 6.4% during the forecast period.

COVID-19 Outlook: Disruption in Supply Chains to Edge Market Advancement

The outbreak of COVID-19 pandemic was felt on a global level. Several business operations were closed due to lockdown restrictions. The market witnessed supply and chain disruption. Lower rate of raw materials availability and halt in industrial in industrial activities to hamper market growth. Massive restrictions and lower demand for the product across the globe to reduce market growth. However, huge demand from cryogenics, electronics, medical, and semi-conductor sector recovery the market growth.  

Below is the list of the top 7 market players who are also recorded as pioneers in their respective fields:

Linde Engineering was established in 1987 and situated in India. The company is a leading global industrial engineering and gas company with as sales of 28 billion in 2019. The mission of the company is to provide high-quality solutions, and advanced technology services. The products of the company are used in refineries, petrochemical, gas processing, fertilizer industry, and pharmaceutical industries.

Air Liquide is present in 73 countries across the globe with an employee of approx. 67, 100. The company serve more than 3.9 million patients and customers. It is the one of the leading gases, and technologies for Health and Industry applications.

Quantum Design is a leading company. The company has strong research and associate team member. The company’s products are used in widespread applications such as material science, biotechnology, chemistry, physics, and nanotechnology.

CSIC the leading company situated in China. The leading manufacturer of helium liquefier. The company has strength and ability in technological expertise and innovation. The company has strong research and associate team members.

Advanced Research Systems is leading understanding and manufacturer of cryogenic equipment. The company has a strong scientific research such as optical spectroscopy, quantum optics, neutron scattering, microscopy, and more. The specialties of the company are research equipment, superconducting, probe stations, and quantum science.

Cryo Industries of America is situated in the United States of America.  The company is the leading supplier of cryogenic systems and helium liquefier. The company is producer of cryogenic equipment such as large aerospace and superconducting magnet systems.

Cryomech was founded in 1963. The company developed and produced the world’s first commercially 4K Pulse Tube Cryocooler.  The company provides the highest quality products to their customers. The motive of the company is to improve technical expertise and ensures high-quality products.

Multiple Applications of Helium Liquefier to Boost Market Growth

The increased adoption of helium liquefier in electronic sectors. Growing use of the product in R&D activities and several application of cryogenics is anticipated to flavor market growth. The equipment has low boiling point and used in numerous cryogenic systems. The product is also used in semiconductor processing and rapid industrialization is anticipated to accelerate market growth in the upcoming years.