Industrial gases group Linde, the global leader in the 100-billion-dollar market dominated by three groups - Linde, Air Liquide and the US group Air Products & Chemicals - is benefiting from the high barriers to entry in its business. Following the merger with US competitor Praxair, only a third of Linde's estimated 33.3 billion dollar turnover for 2024 is now dependent on economic fluctuations. Profitability has also improved continuously with Praxair. Even with slower growth in the global economy, analysts believe Linde can achieve annual profit increases of more than ten percent. Because the industrial group's business has always included so-called brown hydrogen from natural gas, Linde is also starting in the front row in the future market of green hydrogen from renewable energies with low risks. The Group has its own specialists in plant engineering and is cooperating with the British manufacturer ITM Power on electrolysers for the production of green hydrogen. Linde's consistent profit increases are reliably rewarded with increases in value. Since 2014, it has averaged just under 18% per year.
