The final consumption of Liquefied Petroleum Gases (LPG) in Italy's commercial and public services sector is projected to grow steadily from 2024 to 2028. Starting at 492.55 thousand tonnes of oil equivalent in 2024 and reaching 515.73 by 2028, this trend indicates a continuous increase in demand, averaging a compound annual growth rate (CAGR) of approximately 1.16% over the five-year period.
- Year-on-year growth is modest, ranging from 1.19% to 1.12% annually, signifying consistent but slow expansion.
- In 2023, LPG consumption was slightly lower; however, exact figures are not provided here for that baseline year.
Looking ahead, several factors could influence future trends in LPG consumption:
- Transition towards renewable energy sources, impacting LPG demand.- Legislative changes in energy policies and environmental regulations.- Economic growth driving increased energy consumption in the service sector.- Advancements in energy efficiency technologies potentially reducing LPG needs.