Market Overview

Industrial Gases Market in Europe 2018-2022|Industrial Gases as an Alternative Source of Energy to Drive Growth| Technavio

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The industrial gases market in Europe is expected to post a CAGR of over 6%
during the period 2018-2022, according to the latest market research
report by Technavio.

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Technavio has published a new market research report on the industrial gases market in Europe from 2 ...

Technavio has published a new market research report on the industrial gases market in Europe from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the increasing use of
industrial gases in the automotive industry. Several established
automotive brands are based out of European countries. Europe is an
established market for the manufacturing of automotive vehicles.
Industrial gases are used in metal processing, metal fabrication, and
electronic assembly during the manufacturing process.

This market research report on the industrial
gases market in Europe 2018-2022
also provides an analysis of
the most important trends expected to impact the market outlook during
the forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the industrial gases as an
alternative source of energy as one of the key emerging trends in the
market:

Industrial gases market in Europe: Industrial
gases as an alternative source of energy

Hydrogen is the most abundantly found element, especially in water.
Additionally, it can be used for reducing the emission of greenhouse
gases. It is an alternative to petroleum-based fuels as it is renewable,
abundant, and produces zero emission. Also, by storing hydrogen,
electricity can also be generated for various applications.

"With the advent of new generation hydrogen-powered cars, which use
hydrogen fuel cells, hydrogen can also be used as a fuel to reduce
harmful gas emissions, which are emitted by conventional engines. A fuel
cell generates electrical power through a chemical reaction by
converting a fuel into electricity. Thus, these hydrogen fuel cells can
replace traditional fuel, thereby reducing the greenhouse gases
emissions,"
says a senior analyst at Technavio for research on
industrial gases.

Industrial gases market in Europe: Segmentation
analysis

This market research report segments the industrial gases market in
Europe by end-user (manufacturing, chemical processing, metallurgy,
medical and healthcare, food and beverage, refining, and electronics)
and geographical regions (Spain, UK, Italy, Germany, Poland,
Scandinavian countries, France, and Austria, and other European
countries).

The manufacturing segment held the largest market share in 2017,
accounting for nearly 25% of the market. This end-user segment is
expected to dominate the global market throughout the forecast period.

Germany led the market in 2017 with a market share of nearly 17% of the
market share. The market share occupied by this region is anticipated to
decrease during 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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