The India Helium Market Size was estimated at 1.83 (USD Billion) in 2023. The India Helium Market is expected to grow from 2.5 (USD Billion) in 2024 to 4.5 (USD Billion) by 2035. The India Helium Market CAGR (growth rate) is expected to be around 5.489% during the forecast period (2025 - 2035).
Numerous factors are driving notable developments in the India Helium Market. Key market drivers include expanding industrial applications, particularly in electronics and healthcare. Since the nation's growing healthcare and technological sectors demand cutting-edge solutions, the increased use of helium in MRI equipment and semiconductors is noteworthy.
Furthermore, India's goal of becoming a global center for technology is in line with the growing need for helium in the production of semiconductor components and fiber optics. The advancements in helium production and sourcing present opportunities, especially as India seeks to lessen its dependency on imports.
Domestic helium manufacturing is made possible by government efforts to increase clean energy and funding for scientific research. The possibility for domestic production presented by the finding of helium reserves in states such as Rajasthan enhances supply security and self-sufficiency.
Green practices and sustainability have also been popular in the market in recent years. The emphasis on recycling helium and using it efficiently is growing as industry move toward more environmentally friendly methods.
This is in line with worldwide movements that support resource management that is sustainable. Additionally, as startup ecosystems grow in India, new players are investigating alternate gas solutions, which is encouraging innovation in the helium industry.
Overall, the India Helium Market exhibits a dynamic landscape because of the confluence of industrial growth, government assistance for domestic production, and a focus on sustainability.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The India Helium Market is experiencing a significant increase in demand driven by the expanding applications of helium in the healthcare sector. Helium is critical in various medical applications, particularly in magnetic resonance imaging (MRI) machines, which utilize superconducting magnets.
According to the Ministry of Health and Family Welfare, India's healthcare sector has been growing at a compound annual growth rate of around 22% over the past few years, which translates to a rise in the number of MRI machines.
The Indian Society of Radiology projected that the count of MRI machines in India could reach 18,000 by 2025, indicating a critical need for helium, thereby driving the India Helium Market.
The increasing adoption of advanced diagnostic equipment in hospitals and diagnostic centers across urban and rural areas has been a major catalyst in this growth trajectory. This trend highlights the essential role helium plays in medical technology, positioning the India Helium Market for robust development in the coming years.
The telecommunication and electronics sectors in India are rapidly expanding, which is a strong driver for the India Helium Market. Helium is used in various electronic applications, including the production of semiconductors and in high-tech manufacturing processes that require inert gas for shielding.
The Department of Telecommunications has reported that India is expected to have more than 1 billion smartphone users by 2026, leading to an increased demand for semiconductor devices. A research report indicated that the semiconductor market in India is projected to reach USD 70 billion by 2026.
This monumental growth not only signifies a vibrant electronics industry but also suggests a parallel increase in helium consumption, which acts as a critical support in the manufacturing of cutting-edge technologies, validating the growth potential of the India Helium Market.
The India Helium Market is also propelled by advancements in Research and Development (R&D) within renewable energy technologies. Helium is utilized in the cooling of superconducting materials which are essential for various energy applications, including solar and wind turbines.
The Ministry of New and Renewable Energy in India stated that the country aims to increase its renewable energy capacity to 500 GW by 2030.
The growing investment in R&D, supported by initiatives like the National Solar Mission, indicates a robust trajectory in the energy sector. Consequently, as these renewable energies are developed further, the demand for helium will rise to support the technologies involved, enhancing the future prospects of the India Helium Market.
The India Helium Market is a crucial and evolving sector, primarily categorized by the Form segment, which encompasses both Liquid and Gas forms of helium. This market segment has witnessed remarkable growth due to a surge in applications across various industries, including healthcare, electronics, and aerospace.
The Liquid helium segment is particularly significant, as it serves critical purposes in cooling superconducting magnets used in MRI machines and particle accelerators. The Gas form is equally vital, finding extensive use in cryogenics, welding, and the manufacturing of semiconductors.
These applications highlight the increasing reliance on helium in high-tech industries, which enhances the overall value and attractiveness of the India Helium Market revenue. Furthermore, the growth in sectors such as Research and Development in educational and scientific institutions has solidified helium’s importance, making it a key resource for innovation.
As the helium supply chain in India adapts to growing domestic demands and the need for increased production capacity, challenges such as sourcing and environmental considerations will require strategic management.
Market growth is influenced by advancements in technology which improve extraction and separation methods, thereby increasing the efficiency of helium production. The India Helium Market data reflects a trend toward sustainable practices, pushing for solutions that will minimize ecological footprints while meeting industrial needs.
As the market continues to mature, opportunities for investment and collaboration between public and private sectors will expand, ensuring a robust future for both Liquid and Gas forms of helium in India’s industrial landscape.
Overall, the segmentation within the India Helium Market highlights the versatile applications and the critical role that helium plays in propelling various sectors forward, making it an essential component in both existing and emerging technologies across the country.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Application segment of the India Helium Market plays a crucial role in various industrial and scientific processes, reflecting a significant portion of the overall market dynamics. Within this segment, Cryogenics holds major importance as it facilitates the cooling of superconducting materials, which is crucial for medical MRI machines and other applications.
Pressurizing and Purging processes utilize helium for maintaining system integrity in various sectors, enhancing efficiency. Welding applications benefit greatly from helium due to its ability to produce stable arcs and improve weld quality.
Leak Detection is another vital application, utilizing helium for identifying leaks in sensitive areas, especially in the aerospace and automotive industries. Furthermore, Breathing Mixtures are essential in medical emergency situations and deep-sea diving, demonstrating the life-saving potential of helium.
Controlled Atmosphere applications leverage helium for the preservation of delicate products, particularly in the food and pharmaceutical industries. Other applications, although varied, contribute to the diverse use cases of helium.
Overall, the India Helium Market segmentation reflects a robust landscape driven by technological advancements and industrial demand, highlighting the adaptability and necessity of helium across various sectors in the region.
The End-Use Industry segment of the India Helium Market is characterized by its diverse applications across various sectors, contributing to its robust growth trajectory. The Aerospace and Defense sector holds significant importance, as helium is essential for various applications, including cryogenics used in the cooling of research instruments and rocket propulsion systems.
In the Electrical and Electronics domain, helium is increasingly important for manufacturing processes, particularly in semiconductor production, where its inert properties ensure high-quality output. The Medical industry utilizes helium primarily for MRI machines, enhancing imaging capabilities, while the Automotive sector benefits from helium in tire inflation and as a tracer gas for leak detection.
Furthermore, the Energy industry uses helium for gas exploration and in nuclear fusion research, signifying its role in advancing sustainable energy solutions. The Leisure and Recreational segment employs helium for inflating balloons and party supplies, thus maintaining a steady demand in consumer markets.
Additionally, Welding and Metal Fabrication benefit from helium's shielding properties, enabling effective welding processes. This varied application across industries underscores the significant role helium plays in driving innovation, enhancing operational efficiency, and meeting the testing and manufacturing needs across key sectors in India.
As the market evolves, trends such as increased exploration and production efforts, along with advancements in technology, will further bolster the essentials of these industries within the India Helium Market landscape.
The India Helium Market is characterized by its dynamic landscape and evolving competitive environment, driven by the increasing demand for helium across various sectors such as healthcare, electronics, and scientific research. The market showcases significant potential for growth, propelled by innovations and advancements in technology that enhance helium applications.
Players in this space are striving to establish themselves through strategic partnerships, investments in infrastructure, and an emphasis on sustainability. As a critical resource, helium demand fluctuates with industrial trends, making competitive insights crucial for companies seeking to strengthen their market position and capture larger shares of the growing demand in India.
Indian Oil Corporation has emerged as a formidable player in the India Helium Market, primarily due to its well-established infrastructure and extensive distribution network. The company's strengths lie in its robust operational capabilities and commitment to providing high-quality helium products to various industries across the country.
With a strong focus on research and development, Indian Oil Corporation is continuously innovating to meet the specific needs of its clientele. Its existing relationships with numerous industrial sectors have allowed it to maintain a competitive edge, ensuring timely delivery and responsiveness.
The corporation's deep-rooted presence in the energy market further bolsters its position in supplying helium, making it a reliable choice for customers, emphasizing quality and consistency in supply. Cryoinfra has become a key player in the India Helium Market, recognized for its specialized liquefaction technology and cryogenic solutions.
It offers a range of products and services, including helium supply and distribution systems designed to cater to specific industrial requirements. With a strategic focus on expanding its market presence, Cryoinfra continues to invest in infrastructure that supports its operations while enhancing supply chain efficiency.
The company has built a strong reputation for its reliable helium sourcing and commitment to safety standards, which has attracted a loyal client base. Mergers and acquisitions have also played a role in Cryoinfra's growth strategy, enabling it to enhance its service quality and broaden its product offerings tailored to the unique demands of the Indian market.
Recent developments in the India Helium Market have seen significant activity, particularly with companies like Indian Oil Corporation and Praxair expanding their capabilities. Cryoinfra is actively working on sourcing helium to meet the increasing demand for applications in Medical Technology and Electronics.
In September 2023, Goyal Gases announced plans for a new helium filling station aimed at enhancing supply chain efficiency. The market has seen a growth in valuation primarily due to rising applications across multiple sectors, including aerospace and medical sectors, further solidifying India's position in the global helium market.
In terms of mergers and acquisitions, Advanced Gas Technologies completed a strategic acquisition of a smaller player in August 2023 to bolster its distribution network. Over the last few years, significant advancements have been made, including Bharat Petroleum's efforts to establish a helium extraction project in late 2021, which showcases the growing commitment and competitive landscape in the helium sector.
Current market trends indicate a robust demand, leading to increased investments and technological advancements, with companies such as Air Products and Messer Group also reinforcing their market positions through various initiatives.
| Report Attribute/Metric | Details |
| Market Size 2023 | 1.83(USD Billion) |
| Market Size 2024 | 2.5(USD Billion) |
| Market Size 2035 | 4.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 5.489% (2025 - 2035) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2019 - 2024 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Indian Oil Corporation, Cryoinfra, Goyal Gases, Advanced Gas Technologies, Wrap Technologies, Universal Industrial Gases, Praxair, Messer Group, Bharat Petroleum, Helium Health, Air Products, Tamanaco, Linde, Air Liquide |
| Segments Covered | Form, Application, End-Use Industry |
| Key Market Opportunities | Growing demand in healthcare sector, Expansion in electronics manufacturing, Increased aerospace applications, Emerging cryogenics market, Rising demand for party balloons |
| Key Market Dynamics | Growing demand in healthcare, increasing use in electronics, limited domestic production, reliance on imports, and competitive pricing pressure. |
| Countries Covered | India |
Frequently Asked Questions (FAQ) :
The India Helium Market was valued at 2.5 USD Billion in 2024.
By 2035, the India Helium Market is projected to reach 4.5 USD Billion.
The expected CAGR for the India Helium Market from 2025 to 2035 is 5.489%.
By 2035, the liquid form of helium is expected to dominate the market, valued at 2.2 USD Billion.
In 2024, the market value of gaseous helium was 1.3 USD Billion.
Key players in the India Helium Market include Indian Oil Corporation, Goyal Gases, Air Products, and Linde.
Growth drivers include increased demand in healthcare, electronics, and aerospace industries.
Challenges may include supply constraints and price volatility in the global helium market.
Applications driving demand include MRI machines, electronics cooling, and scientific research.
Global market changes may influence the pricing and availability of helium in India.
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Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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