The industrial gases turnover in Austria has demonstrated a varied trend over the past decade. From 2013 to 2023, the value increased from 315.6 million Euros to 365.5 million Euros, reflecting an overall upward trend despite occasional fluctuations. The turnover experienced significant growth in 2018, with a 7.09% year-on-year increase, followed by steady growth until a dip in 2020 due to economic challenges, likely linked to the global pandemic. Recovery can be observed in subsequent years, with moderate annual growth rates leading up to 2023.
The forecast for 2024-2028 suggests a continued positive trajectory, expecting an average annual growth rate (CAGR) of approximately 1.09%. This indicates gradual but consistent growth, reaching around 391.4 million Euros by 2028. The 2023 industrial gases turnover in Austria stood at 365.5 million Euros, contributing to a steady market performance.
Future trends to watch for include potential innovations in the industrial gases sector, shifts in market demand, and the impact of economic policies and environmental regulations. Investment in technology and sustainability could also play a crucial role in shaping the market's trajectory.
