In 2023, the production of Hydrogen, Argon, Rare Gases, Nitrogen, and Oxygen in Austria stood at 2.028 billion cubic meters. Forecasted data from 2024 to 2028 shows a steady increase with yearly values rising from 2.028 to 2.2263 billion cubic meters. The year-on-year percentage increase is approximately 2.48% from 2024 to 2025, 2.39% from 2025 to 2026, 2.32% from 2026 to 2027, and 2.24% from 2027 to 2028. This results in a compound annual growth rate (CAGR) of around 2.35% over the five-year period.
Future trends to watch for include advancements in production technology, increased demand driven by green energy initiatives, and potential regulatory changes impacting the industry. Keeping an eye on global supply chains and innovations in gas storage and transportation will be crucial for anticipating future market dynamics.
