The power generation in China has shown a steady upward trend from 2013 to 2023, starting at 54.32 hundred billion kilowatt-hours in 2013 and reaching 93.47 hundred billion kilowatt-hours in 2023. Notably, the Compound Annual Growth Rate (CAGR) over the last five years has been 5.46%, indicative of consistent growth albeit at a slowing pace. The year-on-year growth rate has also shown variability, peaking at 9.71% in 2021 before moderating to 4.53% in 2023.
Future projections indicate continued growth in power generation, reaching 113.13 hundred billion kilowatt-hours by 2028, with a forecasted five-year CAGR of 3.02%. Although still positive, this lower growth rate suggests a deceleration compared to past performance, reflecting maturation in the market.
Future trends to watch for include the impact of renewable energy adoption, government policies on carbon emissions, and advancements in energy storage technologies. These factors could significantly influence the power generation landscape in China.
