The gasreports provide up-to-date information on the market size and supply structure of industrial gases in each country analysed.
Europe is home to population of approximately 750 million, the third largest in the world and accounts for 6.8% of the earth’s total land area. The European Union is the world largest single market economy and European trade accounts for around 20% of global imports and exports. Growth has recently improved, with the increase in GDP coming in at 1.3% in 2014. The European industrial gases market is currently valued at around $17bn. The latest series of gasreports in the region includes all Western and Eastern European countries, including Scandinavia, CIS and Caucasus states.
The commercial industrial gas market in Norway is estimated to have generated revenues of $415 million in 2014. This is up from $230 million in 2004, indicating an average annual growth rate of 6.1% for the decade.
The commercial industrial gas market in Italy is estimated to have generated revenues of $2.7 billion in 2014. This is up from $1.5 billion in 2004, indicating an average annual growth rate of 4.2% for the decade.
The commercial industrial gas market in Greece generated revenues of almost $100 million in 2014. The current economic situation poses a great challenge for the country to overcome in the coming years.
The Swedish industrial gas market generated revenues of over $700 million in 2014. Market growth has fluctuated somewhat over the past decade, but on average has posted an increase of 3.6 p.a. between 2004 and 2014.
The Danish industrial gases business produced total revenues of over $250 million in 2014. The market has experienced strong and healthy growth over the past decade, averaging at 4.2% p.a.
The Portuguese industrial gas market has experienced healthy growth on average over the past decade, and has a well-supplied merchant business. Many of the top international companies are operating in the country and there is still the opportunity for some captive-to-onsite conversions to take place.
Many of the top international companies currently operate in Switzerland, the largest being Air Liquide, through their subsidiary, Carbagas. The merchant market accounts for over 80% of total revenues, whilst supply scheme operations are somewhat limited.
In 2014, the Austrian commercial industrial gas market produced revenues of over $450 million. Over the past decade revenues have grown by a average of 4.6% p.a. Over the past few years, the market has benefited from a number of new projects that have increased supply to the merchant market. ...
The Icelandic industrial gas market is wholly controlled by AGA - a member of the Linde Group. The gases business has grown by around 6% p.a. over the past decade, and gasworld Business Intelligence expect strong and positive growth in the coming five years. Packaged gases are the preferred supply ...
The commercial industrial gas market in Finland is estimated to have generated revenues of over $350 million in 2014. This is up from around $230 million in 2004, indicating an average annual growth rate of 5.5% for the decade.
The commercial industrial gas market generated revenues of approximately $1.6bn in 2014. This is up from $1.3bn in 2004, indicating an average annual growth rate of 2.1% p.a.
The French industrial gas market is the second largest in Europe, producing over $3bn in revenues in 2014.