Germany leads the European industrial gases sector with 8.0579 million hours worked in 2024, demonstrating a modest year-on-year increase of 1.13% in 2023. Italy and Spain follow, with Italy growing by 0.48% and Spain by 1.95% year-on-year. While Poland and Portugal show steady increases of 0.42% and 0.56%, respectively, the Netherlands and Austria face declines of -3.08% and -2.44%. Smaller markets like Bosnia and Herzegovina and Slovakia also reflect contrasting trends with significant declines and a notable increase of 2.21%, respectively. The 2024 data indicates diverse performances across different countries.
Future Trends to Watch:
- Automation and technological advancements potentially reducing hours worked despite increased production capacity.
- Environmental regulations impacting operational hours and practices across Europe.
- Economic fluctuations influencing industrial activities and demand for gases.
- Rising energy costs driving efficiency improvements affecting labor hours.
- Potential growth in Eastern European countries stabilizing overall market hours worked.
Top countries in Industrial Gases Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 8,057,900 | 2023 | +2.69% | +1.13% | View data |
| 2 | 2 Italy | 7,354,900 | 2023 | -0.53% | +0.48% | View data |
| 3 | 3 Spain | 5,194,800 | 2023 | +1.43% | +1.95% | View data |
| 4 | 4 Poland | 3,518,900 | 2023 | -1.52% | +0.42% | View data |
| 5 | 5 Netherlands | 1,550,500 | 2023 | -1.47% | -3.08% | View data |
| 6 | 6 Hungary | 1,385,300 | 2023 | -0.89% | +0.006% | View data |
| 7 | 7 Portugal | 1,181,400 | 2023 | +0.61% | +0.56% | View data |
| 8 | 8 Austria | 1,156,000 | 2023 | -0.75% | -2.44% | View data |
| 9 | 9 Finland | 962,560 | 2023 | +0.58% | +0.32% | View data |
| 10 | 10 Norway | 748,970 | 2023 | -1.64% | -1.73% | View data |
