Helium Leak Detector Market Size, Share, Growth, and Industry Analysis, By Type (Portable Leak Detector, Compact Leak Detector, Stationary Leak Detector), By Application (Electronics, Power & Energy, Aerospace & Defense, Automotive & Transportation and Others), and Regional Forecast to 2028

Updated On: 08 April 2024

Report Overview

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The global helium leak detector market size was USD 133.6 million in 2022. As per our research, the market is expected to reach USD 157.7 million by 2028, exhibiting a CAGR of 2.8% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the helium leak detector market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A helium leak detector is a device used to detect and measure the size of leaks in systems or containers. Helium is used as a tracer gas because it is inert, non-toxic, and has a very low molecular weight, which allows it to pass through even small leaks.

These detectors use a sealed chamber to contain the helium gas. The chamber is then evacuated and the helium gas is introduced. The leaks are detected by the pressure drop in the chamber. They use ultrasonic waves to detect leaks. Ultrasonic waves are sound waves that are above the human hearing range. When ultrasonic waves pass through a leak, they are scattered and can be detected by a sensor.

COVID-19 Impact: Pandemic Decreased the Market Demand

The COVID-19 pandemic has had a significant impact on the helium leak detector market share. The COVID-19 pandemic has forced many industries to shut down or operate at reduced capacity. This has led to a decrease in demand for them, as these industries are major users of the devices. The COVID-19 pandemic has also disrupted supply chains, making it difficult for manufacturers to obtain the components they need to produce them. This has also led to a decrease in the supply of these devices, which has further exacerbated the decline in demand. The COVID-19 pandemic has caused a global economic slowdown, which has led to businesses cutting costs. This has included reducing spending on capital equipment, such as them. The COVID-19 pandemic has forced businesses to shift their priorities to other areas, such as ensuring the safety of their employees and customers. This has led to a decrease in the demand for them, as these devices are not considered to be essential in the fight against the pandemic.

Latest Trends

"Development of new technologies is expected to fuel the growth in the market"

There are a number of new technologies being developed for helium leak detection, such as mass spectrometry leak detection and ultrasonic leak detection. These new technologies are expected to improve the accuracy and efficiency of helium leak detection, which is expected to drive the growth of the market. Mass spectrometry leak detection is a technique that uses a mass spectrometer to detect helium leaks. The mass spectrometer separates the helium molecules from other gases and then measures their mass-to-charge ratio. This allows for the detection of even the smallest leaks. Ultrasonic leak detection is a technique that uses ultrasonic waves to detect leaks. Ultrasonic waves are sound waves that are above the human hearing range. When ultrasonic waves pass through a leak, they are scattered and can be detected by a sensor. These technologies can detect leaks that are smaller than can be detected by traditional methods. These technologies can detect leaks that are further away from the sensor than can be detected by traditional methods.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into Portable Leak Detector, Compact Leak Detector, Stationary Leak Detector.

• By Application Analysis

Based on age, the market can be divided into Electronics, Power & Energy, Aerospace & Defense, Automotive & Transportation and Others.

Driving Factors

"Increasing demand from various industries to foster the market growth"

Helium leak detectors are used in the semiconductor industry to detect leaks in semiconductor devices. Semiconductor devices are used in a wide variety of applications, such as computers, smartphones, and other electronic devices. The increasing demand for semiconductor devices is expected to drive the demand for them in the semiconductor industry. They are used in the medical device industry to detect leaks in medical devices. Medical devices are used to diagnose and treat medical conditions. The increasing demand for medical devices is expected to drive the demand for them in the medical device industry. They are used in the automotive industry to detect leaks in cars and trucks.

"Stringent government regulations to result in the expansion of the market"

The United States government has stringent regulations for their use in certain applications. For example, the Food and Drug Administration (FDA) requires the use of helium leak detectors to test medical devices for leaks. The European Union also has stringent regulations for the use of them in certain applications. For example, the European Chemicals Agency (ECHA) requires the use of helium leak detectors to test products for leaks of hazardous substances. China is also tightening its regulations for the use of helium leak detectors. In 2021, the Chinese government issued a new regulation that requires the use of helium leak detectors to test products for leaks of hazardous substances. These stringent government regulations are expected to drive the demand for helium leak detectors in the coming years.

Restraining Factors

"Complexity of testing to hamper the market growth"

Helium leak testing can be a complex process, requiring specialized equipment and expertise. This could deter some businesses from using them, as they may not want to invest in the time and resources required for testing.

Regional Insights

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"Asia Pacific to lead the market owing to growing demand from the medical device industry"

The Asia Pacific region has shown the highest helium leak detector market growth. The medical device industry is also a major user of in Asia Pacific. The growing demand for medical devices in the region is expected to drive the growth of the market in Asia Pacific.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market"

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• INFICON: Balzers, Liechtenstein
• Agilent Technologies: Santa Clara, California, USA
• Leybold: Cologne, Germany
• Pfeiffer Vacuum: Asslar, Germany
• Shimadzu: Kyoto, Japan
• Edwards Vacuum: Crawley, United Kingdom
• ULVAC: Tokyo, Japan
• AnHui Wanyi: Hefei, China
• VIC Leak Detection: Melbourne, Australia
• LACO Technologies: Fairfield, New Jersey, USA

Report Coverage

This report examines an understanding of the helium leak detector market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.