Between 2013 and 2023, the consumption of natural gas in the production and distribution of water in China saw significant volatility. It increased overall from 200.0 hundred thousand cubic meters in 2013 to 910.0 hundred thousand cubic meters in 2023, reflecting a year-on-year growth of 8.62% between 2022 and 2023, and an average annual growth rate (CAGR) of 7.33% over the past five years. Key trends include a dramatic spike in 2018 and a subsequent dip in 2019, followed by steady growth in the most recent years.
Future trends to watch for:
• A projected CAGR of 5.21% from 2024 to 2028.• Increasing regulatory focus on sustainability, potentially driving higher natural gas usage.• Technological advancements likely to optimize consumption efficiency.