Loading...
Loading...

Forjando el camino: La consolidación de América del Norte continua

0

Rob Cockerill investigates how North America has consolidated its 32.5% industry share and what the future holds for this superpower.

When you’re way out in front as the leading player, where else is there to go? Emerging markets such as East Europe and Africa continue to strive forward, while China itself and the broader North Pacific Rim maintain rapid progression. In the midst of this, the global market leader North America, has shown no sign of weakening and last year consolidated its 32.5% industry share.

Figures from Spiritus Consulting estimated the North American industrial gas market to be worth around $17.6bn in 2006 but the group’s latest statistics suggest revenues had risen to more than $18.8bn in 2007, revealing a growth rate of 7% last year.

Such a percentage aligns itself with the 7.5% average annual growth rate seen over the past five years, a period which has presided over relatively buoyant industrial gas activity despite the gradually gathering global credit crisis. Spiritus figures had anticipated a compounded annual growth rate (CAGR) of a moderate 5.7% for the period 2005-2011, yet the actual increase in revenues appears to initially defy this.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...