Within the 2019-2024 timeframe, gasworld business intelligence predict growth from 2.1% p.a. in a low scenario to 3.1% p.a. in a high scenario. Accordingly, the industry in Canada is expected to achieve revenues of between $2.09bn to $2.19bn by 2024.
The Canadian industrial gas market was the second largest market in North America in 2019, behind the United States. The country’s industrial gas market generated revenues of approximately $1.89bn in 2019. This is up from $1.47bn in 2009, indicating an average annual growth rate of 2.9% for the decade.
Between 2009 and 2019 nominal GDP in Canada grew by an average 3.1%. There has been a period of solid growth over the course of the last decade, with the only significant decline being experienced during the financial crisis. In 2019 the rate of GDP growth was 4.0%.
Report Data: 2019
Each report contains a 10-year history and 5-year forecast of the respective gas markets.
- Industrial gas supply structure
- Companies operating within each country
- Market structure in terms of demand for gases
- Macro-economic influences and drivers
- Future market forecasts
- Investment potential
Cost: $3000 USD
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