Australia Helium Market Report and Forecast 2024-2032

Australia Helium Market Size

The Australia helium market reached is projected to grow at a CAGR of 3.9% between 2024 and 2032. The market is being driven by the growing installation of solar panels and the robust growth of the mining sector.

Australia Helium Market Outlook

• The discovery of new helium reserves in the Yorke peninsula is expected to boost the market growth significantly.

• Increasing investments in semiconductor manufacturing are expected to drive the market growth.

• Australia is entirely dependent on imports for the supply of helium.

Australia Helium Market Growth

By 2030, Australia aims to generate 82% of its electricity from renewable sources. Since Australia receives solar radiation of 58 million PJ (nearly 10,000 higher than its domestic requirements) annually, solar power is expected to emerge as a critical driver of its clean energy transition. As of 2023, rooftop solar panels constitute 11.2% of the nation’s overall electricity supply, which witnessed a record installation of 20 GW across the country. This is expected to drive the demand for helium, as it is critical for ensuring quality checks in solar panels, which contributes to their efficiency and durability in the long run.

Australia is currently futureproofing the growth of its mining sector by adopting advanced technologies and sustainable practices. The sector accounts for 13.7% of Australia’s GDP and in 2022-23, it accounted for $455 billion in export revenues. This is expected to directly impact the demand for helium, which serves as an essential tracer gas in underground mines and helps improve working conditions' safety by facilitating leak detection like carbon monoxide. It is also a critical carrier gas that facilitates gas analysis in gas chromatography. It is highly inert, diffusive, and has ideal properties of viscosity which makes it important for underground mining operations.

Australia Helium Industry Segmentation

Australia Helium Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Phase

• Liquid

• Gas

Market Breakup by Application

• Breathing Mixes

• Cryogenics

• Leak Detection

• Pressurising and Purging

• Controlled Atmosphere

• Welding

• Others

Market Breakup by End Use

• Aerospace and Aircraft

• Electronics and Semiconductors

• Nuclear Power

• Healthcare

• Welding and Metal Fabrication

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

Australia Helium Market Share

Based on region, the market is divided into New South Wales, Victoria, Queensland, Australian Capital Territory, and Western Australia, among others. Over the forecast period, Victoria is projected to grow at a CAGR of 3.7% during the forecast period of 2024-2032 as solar panel installations reach record levels.

Leading Companies in the Australia Helium Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.

• Blue Star Helium Limited

• Noble Helium Limited

• Coregas Pty Ltd.

• Others

Major market players are exploring new reserves of helium, which can potentially change the fortunes of Australia’s healthcare, nuclear power, and aerospace industries, among others.

Key Highlights of the Report