Gasworld Business Intelligence brings you and in-depth and up-to-date report on the largest industrial gas market in Europe.
The German industrial gas market was the largest market in Europe, with the commercial gas market generating revenues of approximately $4.07bn. This was up from $3.62bn in 2008, indicating an average annual growth rate of 1.7% p.a. for the decade.
The economy is one of the most resilient in the region and unemployment is impressively low. The European Commission forecasts strong GDP growth for the coming years and a steady rate of inflation.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 2.8% p.a. in a low scenario to 9.9% p.a. in a high scenario. Accordingly, the industry in Germany is expected to achieve revenues of between $4.66bn to $6.52bn by 2023.
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