As of 2023, the total hours worked in the water supply and waste management, environment remediation activities in the US stood at 1.08 billion hours. The forecasted data suggests a gradual increase from 1.1 billion hours in 2024 to 1.16 billion hours in 2028. This reflects a year-on-year percentage growth of approximately 1.82% from 2024 onwards. The compound annual growth rate (CAGR) over this five-year period is projected to be around 1.47%.
Future trends to watch for include:
- Technological advancements improving efficiency and potentially impacting labor hours required.
- Regulatory changes in environmental policies influencing activity levels.
- Increasing emphasis on sustainability potentially driving demand for environmental remediation services.