The industrial gases market in Germany experienced fluctuating trends over the past decade. In 2012, the market size value was 1.3864 Billion Euros, growing steadily until 2013 with a year-on-year increase of 4.57%, and a value of 1.4497 Billion Euros. However, from 2014 onwards, the market experienced several dips, particularly in 2015 with a decrease of 5.88%, and in 2020 with a decline of 7.26%. The value reached its lowest point in 2021 at 1.2225 Billion Euros.
Notably, 2022 showed a slight recovery with a 4.57% increase, leading to a market value of 1.2783 Billion Euros. The Compound Annual Growth Rate (CAGR) over the past five years is negative at -1.89%, indicating a general downturn in the industry's size.
Looking ahead, future trends to watch for include potential technological advancements in gas production, shifts towards more sustainable and environmentally friendly practices, and economic fluctuations affecting industrial demand. Companies might need to innovate and adapt to these challenges to maintain or grow their market share.
How does Germany 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% | |
| 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 |
