Incorporating: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.
Within the 2019-2024 timeframe, gasworld business intelligencepredict growth from 4.8% p.a. in a low scenario6 to 4.8% p.a. in a high scenario. Accordingly, the industry in New England is expected to achieve revenues of between $1.20bn to $1.26bn by 2024.
The New England region was home to the second smallest industrial gas market in the US. The region’s industrial gas market generated revenues of approximately $1.05bn in 2019. This was up from $656m in 2009, indicating an average annual growth rate of 4% for the decade.
New England’s economic growth has remained relatively low and steady since 2000. The region nearly dropped into a recession during the financial crisis with a very low growth rate of only 0.1% in 2009. However, the region has since been in a higher period of economic growth, with a growth rate of 4.6% in 2019.
Published: 2020
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
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