Between 2013 and 2023, the Hydrogen, Argon, Rare Gases, Nitrogen, and Oxygen market in Portugal showed fluctuating values, with a peak in 2014 and a notable dip in 2016. The market value reached 123.04 million Euros in 2023. Over the last two years, the year-on-year variation was relatively stable, with a slight increase of 0.24% in 2023. The average annual growth rate (CAGR) from 2019 to 2023 was 1.46%, indicating a gradual recovery and stabilization of the market.
Future trends to watch include:
- Advancements in technology increasing efficiencies in production and distribution.
- Potential regulatory changes impacting industry operations.
- Increasing demand for sustainable and cleaner energy sources driving market growth.
How does Portugal rank in Hydrogen, Argon, Rare Gases, Nitrogen and Oxygen Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,254,300,000 | 2023 | -0.44% | -1.38% | View data |
| 2 | 2 France | 942,880,000 | 2023 | -3.16% | -3.39% | View data |
| 3 | 3 Spain | 903,180,000 | 2023 | +3.11% | +2.62% | View data |
| 4 | 4 Netherlands | 761,690,000 | 2023 | -0.24% | -1.48% | View data |
| 5 | 5 Poland | 422,110,000 | 2023 | +2.56% | +2.51% | View data |
| 8 | 8 Czech Republic | 198,540,000 | 2023 | -0.25% | -1.12% | View data |
| 9 | 9 Austria | 182,900,000 | 2023 | -0.11% | -1.49% | View data |
| 10 | 10 Portugal | 123,040,000 | 2023 | +0.24% | +1.46% | |
| 11 | 11 Denmark | 93,954,000 | 2023 | -2.27% | -1.44% | View data |
| 12 | 12 Romania | 85,249,000 | 2023 | +3.46% | +3.44% | View data |
