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.