In 2023, China's average annual electricity consumption for households stood at an estimated baseline value, with the forecast predicting growth in consumption from 2024 onwards. Between 2024 and 2028, the projected year-on-year growth appears stable, ranging from approximately 4.5% to 5.1%. This consistent increase signals a steady rise in household demand for electricity, reflecting continuing development in urban infrastructure and lifestyle improvements.
The compound annual growth rate (CAGR) projection for this period is around 5%, emphasizing sustained consumption growth across these years.
Future trends to watch for include the impact of technological innovations in energy efficiency and potential policy shifts towards renewable energy, which could influence household electricity demand and consumption patterns in China.
