The forecasted natural gas consumption in the manufacture of electrical machinery and equipment in China shows a steady increase from 2024 to 2028, beginning at 20.03 in 2024 and rising to 24.76 by 2028. This indicates a consistent annual growth. As of 2023, actual consumption stood at 19.00, laying the foundation for the forecasted upward trend. Year-on-year growth rates are notable, implying a compounded annual growth rate (CAGR) over the period, reflecting the sector's expanding reliance on natural gas.
Future trends to watch for include advancements in energy-efficient technologies, policies favoring renewable energy sources, and fluctuating global energy prices, which may influence natural gas consumption in this sector.
