The gas supply or production meters market in Croatia experienced a notable decline in volume from 2013 to 2023, dropping from 42,800 to 25,090. The negative trend is marked by a 7.76% year-on-year decrease in 2023 and a compound annual growth rate (CAGR) of -4.87% over the last five years. This indicates a consistent reduction in market volume, with sporadic minor recoveries such as the 8.07% increase in 2019. These fluctuations suggest an overall contraction in market demand for gas meters across the period analyzed.
Future trends to watch for include:
- Potential technological advancements leading to efficiency improvements, possibly reversing the decline.
- Regulatory changes impacting gas distribution infrastructure, potentially influencing market demand.
- Environmental policies and shifts towards renewable energy sources, impacting the need for traditional gas supply meters.
- Economic factors affecting consumer and industrial gas consumption may further alter market dynamics.