The electricity consumption in these sectors has shown consistent growth from 2013 to 2022, with a few notable fluctuations. Year-on-year variations indicate significant growth periods like 2018 (14.79%) but also show a minor decline in 2020 (-0.57%). The average compound annual growth rate (CAGR) over the last five years stands at 4.76%, depicting steady albeit slowing growth. Forecasted data from 2023 to 2028 indicates a forecasted 5-year CAGR of 3.07% and a total growth rate of 16.32%, suggesting continued albeit moderated growth.
Future trends to watch include the impact of increasing energy efficiency measures and potential automation in these sectors. Additionally, government policies aiming for carbon neutrality could significantly influence future electricity consumption patterns.
