In 2023, China's energy consumption in electric power, gas, and water production and supply stood at around 39.2 ten million tons of standard coal equivalent. From 2024 to 2028, the consumption is forecasted to increase progressively from 40.35 to 45 ten million tons.
The year-on-year growth rates are as follows: 2024 (2.9%), 2025 (2.9%), 2026 (2.8%), 2027 (2.7%), and 2028 (2.6%). Over a five-year period from 2024 to 2028, the compound annual growth rate is projected at an average of 2.78%.
Future trends to watch include the adoption of renewable energy sources and technological advancements that could impact energy efficiency and consumption patterns. Additionally, policy changes and international collaborations on carbon neutrality could further influence consumption trends in this sector.
Latest reports
US Energy Market Report- Q4 2024
The fourth quarter of 2024 has been transformative for the US energy market, characterized by substantial growth in renewable energy sectors and strategic...
China Energy Market Report- Q4 2024
The fourth quarter of 2024 has been a pivotal period for China's energy market, marked by significant developments across various segments. This summary...
Japan Energy Market Report- Q4 2024
In the fourth quarter of 2024, the energy sector in Japan underwent significant transformations driven by policy shifts, technological advancements, and market dynamics....
Germany Energy Market Report- Q4 2024
The fourth quarter of 2024 marks a pivotal period for the energy landscape in Germany, characterized by significant advancements and challenges across various...
India Energy Market Report- Q4 2024
The fourth quarter of 2024 marked a period of transformative developments within India's energy market, driven by significant milestones in renewable energy and...
France Energy Market Report- Q4 2024
The France energy market in Q4 2024 is characterized by a complex interplay of renewable energy expansion, nuclear energy challenges, and economic pressures....
Canada Energy Market Report- Q4 2024
In Q4 2024, the Energy Canada market experienced dynamic shifts with notable developments across oil, gas, and renewable energy sectors. Key drivers included...
Brazil Energy Market Report- Q4 2024
In Q4 2024, Brazil's energy sector is characterized by significant advancements and strategic shifts, particularly in renewable energy adoption and traditional fuel production....
South Korea Energy Market Report- Q4 2024
The South Korea energy market in Q4 2024 is characterized by significant shifts towards renewable energy, strategic policy changes in nuclear energy, and...
Australia Energy Market Report- Q4 2024
In the fourth quarter of 2024, Australia's energy market has experienced significant transformations driven by advancements in renewable energy projects, strategic investments, and...
