Forecast: Electricity Consumption in Processing of Petroleum, Coking, Processing of Nuclear Fuel in China

The electricity consumption in the processing of petroleum, coking, and processing of nuclear fuel in China is predicted to show a consistent upward trend between 2024 to 2028. The forecasted consumption is expected to rise from 1.66 hundred billion kilowatt-hours in 2024 to 2.01 by 2028. The year-on-year variation stands at approximately 5.42% over this period, indicating a steady increase in energy demand within this sector. The 5-year compound annual growth rate (CAGR) is projecting an average increase of 4.83% per year, representing a significant growth trajectory post-2023.

Future trends to watch for include:

  • The impact of China's energy policy shifts towards renewable energy integration.
  • Technological advancements in energy efficiency within industrial processing.
  • Potential regulatory changes affecting the energy sourcing and consumption patterns in these sectors.

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