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.
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.
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Competitive Landscape and Global Helium-3 market Share Analysis
Global helium-3 market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus on the global helium-3 market.
Some of the prominent participants operating in the global 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
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning grids, Market TimeLine Analysis, Market Overview and Guide, Company Positioning grids, Company Market Share Analysis, Standards of Measurement, Global Vs. Regional and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
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Global Helium-3 market Regional Analysis/Insights
The global helium-3 market is segmented on the basis of type, product type, application and end-use.
The countries in the global helium-3 market 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. The Middle East & Africa dominated the helium-3 market due to the wide application scope of helium-3 in the region.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points downstream and upstream value chain analysis, technical trends, porter's five forces analysis and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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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.
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