The commercial gas market in Singapore has experienced good growth over the course of the last decade. The growth in the market did slow in the worst years of the financial crisis, however the market quickly recovered. The rate of growth remained high in 2018 at 7.8%.
Between 2008 and 2018 GDP grew by an average of 6.1% p.a with a 2% growth rate in 2018.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 2.7% p.a. in a low scenario to 3.7% p.a. in a high scenario. Accordingly, the industry in Singapore is expected to achieve revenues of between $1.14bn to $1.19bn by 2023.
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