Global Compressed Gas Market Size & Outlook, 2024-2030
Global compressed gas market, 2018-2030 (US$M)
Related Markets
Global compressed gas market highlights
- The global compressed gas market generated a revenue of USD 4,595.0 million in 2024 and is expected to reach USD 6,179.5 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 5.2% by 2030.
- In terms of segment, nitrogen accounted for a revenue of USD 1,376.8 million in 2024.
- Oxygen is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 4,595.0 million |
| Market revenue in 2030 | USD 6,179.5 million |
| Growth rate | 5.2% (CAGR from 2025 to 2030) |
| Largest segment | Nitrogen |
| Fastest growing segment | Oxygen |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nitrogen, Oxygen, Hydrogen, Carbon Dioxide, Specialty Gases, Argon & Acetylene |
Other key industry trends
- In terms of revenue, the North America accounted for 23.4% of the global compressed gas market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 703.2 million by 2030.
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Compressed Gas Market Scope
Compressed Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global compressed gas market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to compressed gas market will help companies and investors design strategic landscapes.
Nitrogen was the largest segment with a revenue share of 29.96% in 2024. Horizon Databook has segmented the Global compressed gas market based on nitrogen, oxygen, hydrogen, carbon dioxide, specialty gases, argon & acetylene covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Compressed Gas Product Outlook (Revenue, USD Million, 2018-2030)
- Hydrogen
- Nitrogen
- Argon & Acetylene
- Specialty Gases
- Oxygen
- Carbon Dioxide
- Others
- Global Compressed Gas End Use Outlook (Revenue, USD Million, 2018-2030)
- Eneryg and Minings
- Research & Technology
- Infrastructure and Utilities
- Healthcare & Pharmaceuticals
- Manufacturering
- Others
- Global Compressed Gas Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- On-Site
- Cylinder (Merchant)
- Bulk (Liquid Gas Transport)
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Target buyers of Global compressed gas market databook
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Our clientele includes a mix of compressed gas market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global compressed gas market , including forecasts for subscribers. This global databook contains high-level insights into Global compressed gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global compressed gas market size, by regions, 2018-2030 (US$M)
Top 10 countries: Compressed gas market size, 2024 (US$M)
Global compressed gas market share, by distribution channel, 2024 & 2030 (%, US$M)
Compressed gas market: Opportunity assessment by country
Global compressed gas market, by region, 2024 (US$M)
Related regional statistics
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