Data from 2023 indicated that the industrial gases sector in Germany accounted for 8.080 million hours worked. Forecasts for the following years predict a consistent increase in hours worked: 8.2666 million in 2024, 8.4732 million in 2025, 8.6778 million in 2026, 8.8803 million in 2027, and 9.0808 million in 2028. Year-on-year growth from 2024-2025 shows approximately a 2.5% increase, while from 2025-2026, the growth rate is around 2.4%. The 2026-2027 period sees a similar growth rate of around 2.3%, and the 2027-2028 period continues this trend with about a 2.2% increase. Assessing the 5-year Compound Annual Growth Rate (CAGR), we find an average annual increase of approximately 2.4%.
Future trends to watch for include technological advancements and automation, which could impact the efficiency and productivity of industrial gas services, potentially affecting overall labor hours. Additionally, evolving market demands and environmental regulations could further influence labor requirements and operations within the sector.
