In the last instalment of the regional markets series for this calendar year, we explore the dynamics in the New England industrial gas market, with gasworld Business Intelligence.
This is a region that has observed relatively low and steady economic growth since 2000, but has also posted more robust growth in recent years, with a strong rate of 3.6% witnessed in 2016 for example.
As a gas market, similar rates of annual growth have been seen. The New England region is home to the second-smallest industrial gas market in the US, generating revenues of approximately $875m in 2016, but these had risen from a base of $610m in 2006, demonstrating an average annual growth rate of 3.7% per annum (p.a.) for the decade.
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