Within the 2018-2023 timeframe, our forecast models predict growth from 2.1% p.a. in a low scenario to 5.8% p.a. in a high scenario. Accordingly, the industry in Switzerland is expected to achieve revenues of between $491m to $587m by 2023.
The commercial industrial gas market in Switzerland is estimated to have generated revenues of $443 million in 2018. This is up from around $363 million in 2008, indicating an average annual growth rate of 2.1% for the decade.
Between 2008 and 2018 GDP grew by an average of 1.7% p.a. when adjusted for inflation. The economy did fall into recession during the worst year of the financial crisis, before recovering quickly in the following year.
Published: 2020
Report Data: 2019
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