The electricity consumption in the manufacture of non-metallic mineral products in China is projected to steadily increase from 4.45 hundred billion kilowatt hours in 2024 to 4.94 hundred billion kilowatt hours by 2028. In 2023, the consumption stood at an actual value, slightly below 4.45, marking a consistent upward trend in forecasted data.
The year-on-year variations from 2024 to 2028 show a steady growth, signifying an increasing demand in the sector. Over the last two years, a notable increase is observed, and the 5-year compound annual growth rate (CAGR) indicates a moderate average annual increase.
Future trends to watch for include the effects of industry modernization, energy efficiency advancements, and potential shifts in regulatory policies aimed at sustainability, which may further influence electricity consumption patterns.
