The 5G cellular communication technology is intended to base on the present Long-TermEvolution (LTE) 4G networks with adopted features. Features of low power consumption and theconstant power level should be the major requirement for an efficient channel allocation method. In thisresearch work, an analysis was performed on multiplexing techniques: Orthogonal Frequency DivisionMultiplexing (OFDM), Generalized Frequency Division Multiplexing (GFDM), Universal FilteredMulticarrier (UFMC) and Filter-Bank Multicarrier (FBMC). Smooth power level had been analyzedaccording to Power Spectral Density (PSD) function vs normalized frequency using AWGN channelmodel. The simulation was done by MATLAB 2019 Simulink software for OFDM and GFDM that werefurther compared to existing results of UFMC and FBMC multiplexing techniques. Calculated power forOFDM and GFDM were 32.1mW and 40.23 µW respectively. Comparative results showed the bettersmooth power spectrum, micro-watt power consumption and better hardware configuration for GFDM.That’s why GFDM channel allocation method selection is one step ahead for the next generationmultiplexing technique