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In an address entitled “New and Emerging Markets for Gases” to attendees at the Spring Management Conference of the Gases and Welding Distributors Association, which concluded today in Asheville, North Carolina, The Linde Group’s Energy Segment Manager Bryan Luftglass told attendees that despite the economic slump, there still are some emerging growth and stabilized opportunities in the gases and welding business. Luftglass described those markets as energy and alternative fuels, research & development, infrastructure and health care, particularly medical gases and pharma.
New and Emerging Markets- 4/23/2009
Luftglass went on to say that the development of wind and solar energy initiatives, as well as the use of industrial gases for fuels and as fuels, are creating new opportunities for distributors. An emerging market for hydrogen as a fuel is also having a positive impact.
“There are increasing opportunities in liquid biofuels, including production, storage and distribution.” Other growing areas include LNG fueling. “This is a small but increasing market as vehicles such as buses, refuse and heavy-duty trucks switch to LNG.” LNG fueling requires cryogenics and natural gas.
Ending the three-day conference on a positive note left attendees with much to ponder. Said Luftglass, “As people look for cost savings, the opportunities are out there. With an unprecedented level of government incentives, the development of cost-effective renewable sources, the use of hydrogen for small applications, there are many opportunities for gases and welding distributors.”