The electricity consumption in China's electric power, gas, and water production and supply sectors is projected to increase from 11.35 hundred billion kilowatt-hours in 2024 to 12.64 in 2028. In 2023, this stood at a lower, actual value, indicating a consistent upward trend. Year-on-year growth between 2024 and 2025 is approximately 2.8%, while 2025 to 2026 forecasts a 2.8% increase as well. From 2026 to 2027, it is slightly lower at approximately 2.7%, and increases again to 2.6% from 2027 to 2028. The compound annual growth rate (CAGR) over five years is approximately 2.7%.
Future trends to watch for include the impact of governmental policies on renewable energy integration, technological advancements in energy efficiency, and potential shifts in industrial energy consumption patterns driven by China's evolving economic strategies and environmental commitments.
