“Increasing Demand for Sustainable and Green Energy Solutions”
- The increasing demand for sustainable and green energy solutions is a significant driver for the market, as the country strives to meet its ambitious environmental goals and transition to a low-carbon economy
- The rise of industrial gases like hydrogen is set to increase significantly as Switzerland scales up its green hydrogen production capacity
- For instance, In June 2024, Synhelion, a Switzerland-based company, inaugurated the world's first demonstration plant for producing solar fuels—a carbon-neutral alternative to fossil fuels. This plant, located in Germany, operates fully and aims to produce 1 million tons of solar fuel annually by 2033. SWISS, the national airline, has partnered with Synhelion to incorporate solar kerosene into its flights, marking a significant step toward sustainable aviation fuels
- As Switzerland continues to prioritize decarbonization and energy sustainability, the demand for industrial gases will continue to rise, positioning the country at the forefront of the green energy revolution in Europe
Frequently Asked Questions
The rising demand in healthcare, food processing, and manufacturing is driving Switzerland's industrial gases market, fueled by increased need for medical gases, food preservation, and manufacturing applications is driving the market growth.
The growth of the Industrial gases market is driven by rising demand for industrial oxygen across various applications, expanding use of industrial gases in the oil and gas industry, and increasing demand for sustainable and green energy solutions.
The Industrial gases market faces challenges such as high initial capital requirement and energy supply dependence and vulnerability to market fluctuations.
