The hydrogen, argon, rare gases, nitrogen, and oxygen market in Denmark has experienced significant fluctuations over the last decade. From 2013 to 2017, the market saw variable growth, peaking in 2017. A sharp decline followed in 2018, marking the beginning of a persistent downward trend. By 2023, the market value stood at approximately 93.954 million euros, a reflection of continuous contraction with a 2023 year-on-year decrease of 2.27%. The five-year CAGR from 2018 to 2023 was recorded at -1.44%, indicating a consistent decrease in market size.
Looking forward, evolving industrial strategies towards greener and sustainable solutions might revive interest in gases like hydrogen due to their role in clean energy technologies. Additionally, advancements in technologies related to gas production and storage could potentially stabilize and positively impact the market growth.
How does Denmark 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 |
| 9 | 9 Austria | 182,900,000 | 2023 | -0.11% | -1.49% | View data |
| 10 | 10 Portugal | 123,040,000 | 2023 | +0.24% | +1.46% | View data |
| 11 | 11 Denmark | 93,954,000 | 2023 | -2.27% | -1.44% | |
| 12 | 12 Romania | 85,249,000 | 2023 | +3.46% | +3.44% | View data |
| 13 | 13 Greece | 54,032,000 | 2023 | -0.068% | -0.65% | View data |
