The commercial industrial gas market in the United Kingdom is estimated to have generated revenues of $1.51bn in 2019. This is up from $1.64bn in 2009, indicating an average annual growth rate of -3.4% for the decade.
Over the past decade the country’s economy has grown at a consistent rate, however it did fall during the financial crisis in 2009 to a rate of -2.7%. However, the economy recovered quickly, with growth remaining relatively steady since 2010. 2019 saw positive growth of 3.3%.
Gasworld business intelligence predict positive growth over the next five years. Within the 2019-2024 timeframe, our forecast models predict growth from 2.1% p.a. in a low scenario to 2.9% p.a. in a high scenario. Accordingly, the industry in the UK is expected to achieve revenues of between $1.67bn to $1.74bn by 2024.
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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