In 2023, the electricity consumption in the manufacture of special purpose machinery in China was estimated at 554.47 hundred million kilowatthours. Forecasts from 2024 to 2028 depict a consistent increase, with values rising from 572.69 in 2024 to 644.77 by 2028.
The growth rate progressively increases with a year-on-year increase:
- 2024 - 2025: 3.18%
- 2025 - 2026: 3.06%
- 2026 - 2027: 2.95%
- 2027 - 2028: 2.85%
The compound annual growth rate (CAGR) over this five-year period is approximately 3%.
Future trends to watch for include advancements in energy-efficient technologies, government regulations on energy consumption, and shifts in global demand for special purpose machinery that may affect electricity usage in this sector.
