The electricity consumption in China's manufacture of communication equipment, computers, and other electronic equipment is projected to grow steadily from 2024 to 2028, based on the forecasted values. In 2023, the sector's electricity consumption was approximately 1.85 hundred billion kilowatthours. From 2024 to 2028, the annual growth shows a consistent increase of around 4-5% year-on-year. The compound annual growth rate (CAGR) calculates to about 4.88% over this five-year period, indicating a steady rise in energy requirements for this sector.
Future trends to watch for:
- Increased demand for energy-efficient technologies as China emphasizes sustainable manufacturing practices.
- Potential policy impacts from government initiatives to promote renewable energy sources, which may affect consumption patterns.
- Technological advancements in electronics production possibly leading to changes in electricity usage efficiency.