In 2023, the industrial gases market in Germany stood at 2.3651 billion cubic meters. Looking back, the market experienced significant fluctuations, with notable declines in 2014 and 2015, followed by a recovery period until 2019. A sharp decline was noted in 2020, likely due to pandemic-related disruptions. However, the market rebounded in 2021, and moderate growth continued through to 2023.
Year-on-year:
- The market saw a slight growth of 0.48% from 2022 to 2023.
- The CAGR from 2019 to 2023 was around 1.27%.
The forecast indicates a moderate but steady growth trend, with the market expected to expand at an average annual growth rate of 0.4% from 2023 to 2028.
Future trends to watch for:
- Technological advancements in gas production and distribution.
- Increased demand from emerging industries such as hydrogen fuel.
- Environmental regulations driving the need for cleaner industrial gases.
