The industrial gases market in Germany saw a fluctuating trend between 2013 and 2023. The value of the market in 2023 stood at 1.4286 billion euros. Over the past decade, the market faced declines in several years, such as in 2015, 2019, and 2020. However, from 2021 onwards, the market began to stabilize with a consistent, albeit slow, growth pattern. The year-on-year variation over the last two years has been modest at 0.22%, while the 5-year CAGR from 2018 to 2023 reflects a slight decline of -0.67%. Looking ahead, the forecast for 2024 to 2028 suggests a continued stable growth with a projected CAGR of 0.17% and an overall growth rate of 0.83% for this period.
Future trends to watch for include advancements in green technologies and sustainable practices within industrial gas production. Additionally, the impact of regulatory changes and economic factors will play a crucial role in shaping the market's trajectory. The integration of digital tools to enhance efficiency and reduce costs is also a trend expected to influence the sector significantly.
