Global Dilution Refrigerators Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Dilution Refrigerators Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

A dilution refrigerator is a continuously operating cooling system for temperatures in the Millikelvin range. The cooling power of the Dilution Refrigerators comes from the heat of mixing of the mixture of helium-3 (He-3) and helium-4 (He-4) isotopes. The system is used to cool down samples and devices, which are attached to a metallic flange in the dilution refrigerator. The methods are used for instance in quantum computing, nano research, and low-temperature detection.

Market Overview:

The latest research study on the global Dilution Refrigerators market finds that the global Dilution Refrigerators market reached a value of USD 124.42 million in 2023. It’s expected that the market will achieve USD 294.84 million by 2029, exhibiting a CAGR of 15.46% during the forecast period.

Growth Drivers

There is a growing demand for ultra-low temperature systems from quantum computing and other emerging technologies
Dilution chillers are widely used in condensed matter, quantum computing, nanomaterials, and astronomical observations. Although other types of ultra-low temperature coolers can achieve temperatures almost as low as dilution refrigerators, they are not suitable for quantum computing (QC) and can only be used for pre-cooling, such as adiabatic demagnetization coolers, which are disposable cryogenic methods that do not provide a durable low temperature environment and are not suitable for direct use to support quantum computing (QC) and quantum simulation (QS). Typically, most research on topological quantum computing involves dilution chillers to create temperatures close to 0K for them. Even lower temperatures are precooled by an adiabatic nuclear demagnetization chiller through a dilution chiller to reach the lowest temperature in condensed matter, which is the only way to cool macroscopic objects to microKelvin (µK). At present, the dilution refrigerator is mainly used for quantum computing, and its function is mainly to meet the operation requirements of quantum computers with superconducting, semiconductor, topology, ion trap and other routes that have requirements for low temperature environment. With the rapid development of emerging technologies such as quantum computing, the demand for ultra-low temperature systems will continue to grow, which will drive the development of dilution chillers.

Region Overview:

In 2022, the share of the Dilution Refrigerators market in Europe stood at 40.98%.

Company Overview:

Bluefors is the world leader in manufacturing cryogenic measurement systems, cryocoolers and other cryogenic product lines for quantum technology, fundamental physics research and other select industries such as life sciences and clean energy. Bluefors Oy is dedicated to delivering the most reliable, versatile, and easy-to-operate systems on the market under the Bluefors and Cryomech brands. The quality of our products in combination with our scalable production capabilities, has made us the preferred choice for ultra-low temperature requirements at universities, research institutes, and corporations globally. May25,2023, Bluefors, a leading Finnish manufacturer of cryogenic measurement systems, has announced its acquisition of Rockgate, a distributor of cryogenic equipment, based in Tokyo, Japan. With the acquisition, Bluefors will establish a direct sales and service presence in the Japanese cryogenics technology market and expand its global footprint beyond Finland, Germany, the Netherlands, and the USA.

Bluefors is one of the major players operating in the Dilution Refrigerators market, holding a share of 43.33% in 2023.

Segmentation Overview:

By type, Base Temperature Below 10mK segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Quantum Computing segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Dilution Refrigerators market covered in Chapter 3:

FormFactor
Leiden Cryogenics BV
Taiyo Nippon Sanso
Oxford Instruments NanoScience
Bluefors Oy
ICEoxford
Air Liquide(Cryoconcept)
Quantum Design

In Chapter 4 and Chapter 14.2, on the basis of types, the Dilution Refrigerators market from 2019 to 2030 is primarily split into:

Base Temperature Below 10mK
Base Temperature Between 10-20mK
Base Temperature Above 20mK

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Dilution Refrigerators market from 2019 to 2030 covers:

Quantum Computing
Nano Research
Low Temperature Detection
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)