In 2023, China's natural gas consumption in electric power, gas, and water production and supply was strong, setting the foundation for continued growth in 2024 and beyond. The forecasted consumption begins at 803.01 hundred million cubic meters in 2024 and rises steadily to 1,000 by 2028. This suggests robust year-on-year growth driven by ongoing urbanization, industrial demand, and cleaner energy transitions.
Key trend insights include:
- Expect a consistent annual growth rate with gradual increments throughout the period.
- Year-on-year consumption percentage growth remains stable, reflecting sector confidence.
- Anticipated compound annual growth rate (CAGR) signifies a sustained upward trajectory.
Future trends to watch include policy changes favoring clean energy, shifts in industrial activities requiring energy efficiency, and technological advancements in energy production and supply.
