The commercial industrial gas market in the United Kingdom is estimated to have generated revenues of $1.61bn in 2018. This is up from $1.39bn in 2008, indicating an average annual growth rate of 1.5% for the decade.
Between 2008 and 2018 GDP grew by an average of 1.5% p.a. The country enjoys a number of prosperous sectors, including housing a major financial hub, an efficient agricultural industry, and an energy sector that constitutes significant coal, oil, and natural gas supplies.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 3.6% p.a. in a low scenario to 4.6% p.a. in a high scenario. Accordingly, the industry in United Kingdom is expected to achieve revenues of between $1.91bn to $2.01bn by 2023.
Published: 2020
Report Data: 2019
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