The Spanish industrial gas market was one of the largest markets in Europe, with the commercial gas market generating revenues of approximately $1.4bn. This was up from $1.07bn in 2009, indicating an average annual growth rate of 2.9% p.a. for the decade.
The Spanish economy was hit hard by a prolonged recession in the wake of the global financial crisis that began in 2008. However, GDP growth rates in the last two years look promising, with growth rates of 3.5% in 2018 and 3.6% in 2019.
Within the 2019-2024 timeframe, our forecast models predict growth from 1.9% p.a. in a low scenario to 2.7% p.a. in a high scenario. Accordingly, the industry in Spain is expected to achieve revenues of between $1.54bn to $1.60bn 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