LONDON--(BUSINESS WIRE)--Jul 24, 2018--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 .

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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 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:

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.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

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

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180724005850/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD: EUROPE

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 07/24/2018 02:01 PM/DISC: 07/24/2018 02:01 PM

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