The industrial gases market in Austria has shown significant fluctuations over the past decade. Starting at 175.77 million Euros in 2012, it experienced a downward trend until 2015, reaching a low of 142.17 million Euros. This was followed by a period of recovery and moderated growth, culminating in values oscillating around 164 million Euros by 2022. The most recent data indicates the market was valued at 164.88 million Euros in 2022. Year-on-year variations reveal a past characterized by declines, particularly between 2013 and 2015, followed by more stabilized but modest growth in recent years. Notably, the CAGR over the last 5 years has averaged approximately 0.87%.
Looking ahead to future trends:
- Consider the impact of technological advancements and their potential to drive efficiencies in gas production and utilization.
- Assess regulatory changes, particularly those related to environmental standards, and their effects on market dynamics.
- Monitor shifts in demand from key end-users, including healthcare, manufacturing, and energy sectors.
- Evaluate the influence of global economic conditions and supply chain disruptions on the industrial gases market.
- Keep an eye on Austria's commitment to sustainability and its influence on fostering innovations in the industrial gases sector.
How does Austria rank in Industrial Gases Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,428,600,000 | 2023 | +0.22% | -0.67% | View data |
| 2 | 2 Italy | 1,218,600,000 | 2023 | -1.91% | +0.77% | View data |
| 3 | 3 Spain | 1,026,600,000 | 2023 | +3.09% | +2.5% | View data |
| 4 | 4 Netherlands | 804,330,000 | 2023 | -0.87% | -0.46% | View data |
| 5 | 5 Poland | 483,380,000 | 2023 | +2.51% | +2.56% | View data |
| 7 | 7 Finland | 323,510,000 | 2023 | +2.65% | +1.37% | View data |
| 8 | 8 Czech Republic | 170,670,000 | 2023 | -1.87% | -2.53% | View data |
| 9 | 9 Austria | 162,360,000 | 2023 | -0.64% | -0.41% | |
| 10 | 10 Denmark | 122,850,000 | 2023 | -0.38% | -0.06% | View data |
| 11 | 11 Portugal | 115,600,000 | 2023 | -1.24% | -1.07% | View data |
