In 2023, electricity consumption in the manufacture of general-purpose machinery in China was estimated at just below 1.24 hundred billion kilowatthours. The forecast for 2024 to 2028 suggests a steady increase, with consumption expected to rise by approximately 3.23% each year, reaching 1.4 hundred billion kilowatthours by 2028. The compound annual growth rate (CAGR) over this period measures at about 3.23%, reflecting a consistent and moderate upward trend driven by industrial expansion and technological advancements.
Future trends to watch for include:
- Transition to energy-efficient machinery which could moderate electricity demand growth.
- Government policies promoting sustainable industrial practices.
- Technological innovations in manufacturing processes that could impact electricity consumption patterns.