Incorporating: Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota.
Within the 2019-2024 timeframe, gasworld business intelligence predict growth from 0.5% p.a. in a low scenario to 1.1% p.a. in a high scenario. Accordingly, the industry in the Plains is expected to achieve revenues of between $1.70bn to $1.76bn by 2024.
The Plains region of the US represented the third smallest industrial gas market out of the eight regions of the US. Despite this, revenues generated by the commercial industrial gas market in the region amounted to $1.61bn in 2019. This is up from $906m in 2009, indicating an average annual growth rate of 4.4%.
The rate of GDP in the Plains region, from the period of 2009-2019, was an average growth rate of 3.2% p.a. The financial crisis of 2008-09 did cause a slight recession, however, this was smaller than other regions and caused the economy to decline by a modest 0.6%.
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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