The commercial industrial gases market in Australia was estimated to have generated revenues of $1.05bn in 2019. This was down from $10.6bn in 2009, indicating an average annual growth rate of -0.5% 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 4.5% but has had lows of 1.6% in 2015 and highs of 7.8% in 2010. In 2019 the rate was recorded at 5.1%.
Within the 2019-2024 timeframe, our forecast models predict growth from 2.8% p.a. in a low scenario to 3.2% p.a. in a high scenario. This should see the industry in Australia achieve revenues of between $1.20bn to $1.23bn by 2024.
Report Data: 2019
Each report contains a 20-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
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