A number of factors such as the low upfront cost and less storage space required by LPG boilers and the massive government support toward new energy vehicles will help the French LPG market demonstrate a CAGR of 2.1% between 2020 and 2030. Additionally, the rising public awareness regarding environmental pollution will also propel the demand for LPG in France.

The low upfront cost of LPG boilers is one of the primary growth drivers of the French LPG market. As compared to an electric heat pump or automatic-fed biomass boiler, an LPG boiler is available at a very low cost. Additionally, the upfront cost of LPG boilers is also lower than air source heat pumps. In addition, the easy storage of LPG is also a key contributor to the industry growth, as wood chip fuel and wood pellet storage requires minimum ventilation standards for preventing off-gassing or buildup of toxic gases.

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At present, the French LPG industry is consolidated in nature, due to the presence of four dominant players, namely Antargaz, Rubis SCA (Vitogaz), Primagaz, and DCC plc (Butagaz). In recent years, these players have been adopting different strategic measures, including product launches and acquisitions, to stay ahead of their competitors in the market. For example, in July 2021, Antargaz acquired Redéo Énergies as part of its ongoing efforts to expand the portfolio of its multi-energy offerings. With this move, Antargaz aims at introducing a new solution that combines green energy and local production.

Therefore, the low upfront cost of LPG boilers and the low storage space required for LPG gas are the key contributors to the market growth in France.