Liquefied helium is an inert, colorless, non-corrosive, non-inflammable and extremely cold gas. Most of the commercial liquefied helium is recovered from natural through the cryogenic separation process. Typically, liquefied helium is present in less than one percent by volume in natural gas. The liquefied helium is generally shipped from the production sources to a storage unit and transfill facilities. Tankers ranging in size from 4,000 to 12,000 gallons, comprises an annular space insulated with vacuum, nitrogen shielding and multilayer insulations. The liquefied helium tanks are designed such as to reduce the heat leaks and vaporization of the liquefied helium during its transportation. The growing utilization of liquefied helium across semiconductors industry, medical resonance imaging (MRI), wielding activity, and other manufacturing and industrial uses are expected to propel the global liquefied helium tanks market.
The key driving factor for the global liquefied helium tanks market is the growing demand for liquefied helium from electronics and medical application across the globe. The macroeconomic factors, such as growing urbanization coupled with an increase in super specialty hospitals is further augmenting the growth of liquefied helium market. The significant increase in sales of electronic products owing to the rise in disposable income in developing economies is highly anticipated to drive the global liquefied helium tanks market. Moreover, considerable growth in the Asian electronics industry will create a momentous opportunity for the global liquefied helium tanks market, owing to its high demand for manufacturing electronics product, semiconductors, LCD and fiber optics. Furthermore, the technological advancement in the fabrication of transportation tankers will boost the demand for liquefied helium tanks. As liquefied helium tanks are designed to minimize the exposure of liquefied helium to the potential contamination hazards and provide ideal transportation medium, liquefied helium tanks are gaining huge recognition in all the major end-use industry. All these major influencing factors are highly anticipated to propel the global liquefied helium tanks market over the forecast period. The key restraining factor such as high manufacturing cost and downfall in helium production since the last 3 years may hinder the global liquefied helium tanks market growth over the forecast period.
The global liquefied helium tanks market is segmented on the basis of type, size, material and region.
20 Ft ISO Containers are estimated to account for a significant market share over the forecast period due to its convenient and cost-effective transporting characteristics for liquefied helium tanks. On the other hand, among end-user segments, electronics and semiconductors industry is anticipated to see rapid market growth over the forecast period, attributed to rise in sales of electronic products, which is expected to intensify the need for more liquefied helium tanks.
Post time: Jun-18-2019