Global Helium Compressor Market - Introduction
Helium compressor is an equipment in which helium gas is compressed by increasing the low pressure to high pressure using energy. The compressor compresses the helium gas, cools and cleans the gas, and then delivers it through the system gas supply line. The compressed helium gas is used in various applications such as in metal arc and laser welding. It is also employ to detect leakage of gas in various industries. In the healthcare industry, compressed helium gas is utilized as a carrier gas for chemotherapy and it is also used in the treatment of breathing problems.
Global Helium Compressor Market - Competitive Landscape
Air Liquide SA
Air Liquide S.A. was founded by Georges Claude and Paul Delorme in 1902 and currently, it is headquartered at Paris, France. The company employs approximately 66,000 employees with sales and services in more than 80 countries. The company provides products and services such as gas & services, engineering & construction and, global markets and technologies. The company caters to diverse industries such as electronics and health, large industries and industrial merchants.
Air Products & Chemicals Inc.
Gustav Hensel GmbH & Co. KG was founded in 1931 and presently it is based in Germany. The company employs approximately 16,000 employees with sales and services in more than 50 countries. The company provides gas (oxygen, nitrogen, argon, helium, and hydrogen and specialty gases), equipment (gas production, storage, and handling equipment) and, services and solutions. Its products cater to diverse industries including agriculture, analytical laboratories, chemical processing, construction, electronics, packaging, assembly and test, energy, food / beverage, glass / minerals, leisure / recreation, medical, metals, mining, pharmaceuticals / biotechnology, rubber / plastics, transportation, and water and wastewater.
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The Linde Group
The Linde Group, founded by Carl von Linde in 1879, is a major supplier of industrial gases and is currently headquartered at Dublin, Ireland. The company employs approximately 80,000 employees with sales and services in more than 100 countries. The company operates through two divisions: gases and engineering. Under engineering division, the company supplies air separation plants, helium compressors, LNG and natural gas processing plants, hydrogen and synthesis gas plants, petrochemical plants, adsorption and membrane plants, cryogenic plants, co? plants and furnaces, fired heaters and incinerators. The company has entered into a merger with the Praxair Inc., U.S.-based industrial gases manufacturing company. This strategy is anticipated to consolidate Linde Group’s position in the market.
Key players operating in the global helium compressor market include Air Liquide SA, Air Products & Chemicals Inc., Atlas Copco AB, BAUER COMP Holding GmbH, Cryo Industries of America, Inc., Cryomech Inc., J.A. Becker & Söhne GmbH & Co. KG, J.P. Sauer & Sohn Maschinenbau GmbH, Johnson Controls International plc, Kaeser Compressors, Inc., Quantum Design, Inc., SHI Cryogenics Group, The Linde Group, and Trillium.
Global Helium Compressor Market – Dynamics
Increase in application of helium gas in medical industry
Helium is used in the medical industry for observation in breathing diseases. Ailments such as asthma, and emphysema that hamper breathing are treated by using helium gas. This gas is also utilized in the treatment of lung disease. Moreover, compressed helium gas is cooled to -269° C and used in MRI scans. Increasing application of helium gas in the medical industry is expected to fuel the demand for helium compressor during the forecast period.
Surge in use of helium gas in welding and magnet production
Helium gas is non-flammable and lighter than air and hence, it is used in welding applications, as it does not react with air in the process. Several companies use helium to provide a protective atmosphere in the production of reactive metals, such as titanium and zirconium. Furthermore, helium is also used to inflate balloons and airships. Therefore, increasing applications of helium is expected to propel the demand for helium compressors during the forecast period.
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Global Helium Compressor Market – Segmentation
The global helium compressor market can be segmented based on:
- Distribution Channel
Global Helium Compressor Market Segmentation – By Product
Based on product, the global helium compressor market can be bifurcated into:
- 2-stage Compressor
- Multi-stage Compressor
Global Helium Compressor Market Segmentation – By Type
Based on type, the global helium compressor market can be divided into:
Global Helium Compressor Market Segmentation – By Application
Depending on the application, the global helium compressor market can be classified into:
- Oil & Gas
- Power Sector
- Others (food and beverages, etc.)
Global Helium Compressor Market Segmentation – By Distribution Channel
Based on distribution channel, the global helium compressor market can be split into:
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