Germany Industrial Gases Market Size & Outlook, 2023-2030
Germany industrial gases market, 2018-2030 (US$M)
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Germany industrial gases market highlights
- The Germany industrial gases market generated a revenue of USD 6,779.9 million in 2023 and is expected to reach USD 10,953.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, oxygen was the largest revenue generating product in 2023.
- Nitrogen is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial gases market data book summary
| Market revenue in 2023 | USD 6,779.9 million |
| Market revenue in 2030 | USD 10,953.8 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Oxygen |
| Fastest growing segment | Nitrogen |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Argon, Other Products |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Iwatani Corp, Linde PLC, StealthGas Inc, Nippon Sanso Holdings Corp |
Other key industry trends
- In terms of revenue, Germany accounted for 6.5% of the global industrial gases market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany industrial gases market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 10,953.8 million by 2030.
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Industrial Gases Market Scope
Industrial Gases Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany industrial gases 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 industrial gases market will help companies and investors design strategic landscapes.
Oxygen was the largest segment with a revenue share of 27.82% in 2023. Horizon Databook has segmented the Germany industrial gases market based on oxygen, nitrogen, hydrogen, carbon dioxide, acetylene, argon, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Industrial gases are used on a large scale in various manufacturing industries, which is likely to propel the demand for industrial gases in Germany. However, the industrial gases market in Germany is expected to face challenges amid the current COVID19 pandemic.
Industrial gases, such as carbon dioxide, are extensively used in beer production and the consumption of beer is very high in Germany. According to Telegraph Media Group Limited, Germany was the fifth-largest nation in the world, in terms of beer consumption, in 2017, accounting for 8,218 thousand kiloliters.
Factors such as cold climate in the country is likely to result in the high consumption of beer. Although 2018 has been a crucial year for the carbon dioxide market in Europe, it had comparatively less effect in Germany.
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Our clientele includes a mix of industrial gases market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Germany industrial gases market , including forecasts for subscribers. This country databook contains high-level insights into Germany industrial gases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany industrial gases market size, by product, 2018-2030 (US$M)
Germany Industrial Gases Market Outlook Share, 2023 & 2030 (US$M)
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