Within the 2018-2023 timeframe, our forecast models predict growth from 2.7% p.a. in a low scenario to 2.9% p.a. in a high scenario. Accordingly, the industry in the Netherlands is expected to achieve revenues of between $1.12bn to $1.13bn by 2023.
The commercial industrial gas market in the Netherlands is estimated to have generated revenues of $980m in 2018. This is up from around $919m in 2008, indicating an average annual growth rate of 0.8% for the decade.
Between 2008 and 2018 GDP grew by an average of 2.1% if adjusted for inflation. The rate of GDP has declined once over the past decade, notably during the financial crisis in 2009 with a rate of -3.5%. In 2018 there was positive growth in the Netherlands economy, with a rate of 4.8%.
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