In 2023, energy consumption in China's manufacture of non-metallic mineral products was lower than the forecasted 40.75 million tons of standard coal equivalent for 2024. The projected year-on-year increases show a steady growth trend with 3.21%, 3.09%, 2.95%, and 2.84% from 2025 to 2028, respectively. This indicates an average compound annual growth rate (CAGR) of around 3% over these five years.
Future trends to watch for:
- Technological advancements enhancing energy efficiency.
- Government policies targeting carbon emissions and sustainable practices.
- Potential economic fluctuations affecting manufacturing demand and energy consumption.
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