The Industrial Gases Market in Greece has experienced fluctuations from 2013 to 2023, with a notable decline in market size from 2013's high of €61.926 million to €53.86 million in 2023. The market showed intermittent growth between 2016 and 2019 but has consistently declined since 2020. Recent year-on-year decreases of around 3.8% highlight ongoing challenges. The compound annual growth rate over the past 5 years is -2.82%, indicating a shrinking market.
Future trends to watch for:
- Increased adoption of renewable energy sources affecting demand for industrial gases.
- Potential growth in healthcare and electronics industries boosting gas requirements.
- Technological advances in gas production and distribution enhancing efficiency.
How does Greece 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 |
| 11 | 11 Portugal | 115,600,000 | 2023 | -1.24% | -1.07% | View data |
| 12 | 12 Romania | 97,269,000 | 2023 | +3.47% | +3.44% | View data |
| 13 | 13 Greece | 53,860,000 | 2023 | -3.91% | -2.82% | |
| 14 | 14 Croatia | 27,847,000 | 2023 | +1.61% | +1.27% | View data |
