Group revenue from the industrial market was £0.9m in 2023. This market is predominantly served by our Cylinders Division but also by Martract, a business within our Precision Machined Components Division.

Market overview

CSC provides bespoke and standardised storage systems and inspection, reconditioning and retest services. 

Market opportunities for CSC include industrial gas majors, higher education and scientific research bodies, nuclear and conventional power plants and other specialised industrial installations. 

Demand for steel tube trailer new construction, refurbishment and recertification has increased during FY21 and is expected to be strong during FY22 due to increasing demand for
gas transportation. 

Market potential

This market is predominantly served by CSC but also by Al-Met and Martract, businesses within our PMC division. 

This market includes cryogenic and bulk gas transport and storage, scientific research facilities and universities.

As disciplines such as cryogenics continue to expand, the demand for bespoke, high quality gas containment systems also grows, driven by safety and control requirements. The growth of gas management systems within the higher education sector is being driven by the expansion of vocational and practical courses nationally and internationally. 

Demand for pressurised hydrogen transportation to support refuelling station and green hydrogen generation trials is driving demand for mobile storage new build and refurbishment. 

Industrial Gases financial statistics

2023 Group revenue

(2022: £1.1m)

2023 Growth