By 2024, residential natural gas support in China is projected to grow steadily from its 2023 level. From 2024 to 2028, there is a consistent year-on-year increase, with values rising from $2.11 billion in 2024 to $3.07 billion in 2028. This represents an average annual growth rate, or CAGR, over this five-year period.
Future trends to watch for include:
- Government policy shifts towards cleaner energy sources which could drive further investment and technological advancements.
- Potential fluctuations in global natural gas prices impacting cost and sustainability of support.
- Demographic and socioeconomic changes that might alter residential energy demand patterns.
