Within the 2018-2023 timeframe, our forecast models predict growth from 4.7% p.a. in a low scenario to 5.1% p.a. in a high scenario. This should see the industry in Australia achieve revenues of between $1.39 billion to $1.41 billion by 2023.
The commercial industrial gases market in Australia was estimated to have generated revenues of $1.10 billion in 2018. This was up from $855 million in 2008, indicating an average annual growth rate of 2.7% p.a. for the decade.
Australia benefits from a highly developed and successful free-market economy. The rate of GDP growth has experienced multiple periods of growth over the course of the last decade. The past decade has had an average annual growth rate of 4.8% but has had lows of 1.6% in 2015 and highs of 9.2% in 2008. In 2018 the rate was recorded at 5.0%.
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: $3600 USD
(A global BI Online subscription can give you a 25% discount on this report)