The forecast for the total hours worked in the UK sectors of Electricity, Gas and Water Supply; Sewerage, Waste Management and Remediation Activities shows a gradual increase from 2024 to 2028. The sector is anticipated to expand from 676.56 million hours in 2024 to 709.4 million hours in 2028. This growth indicates a consistent annual increase, with the Compound Annual Growth Rate (CAGR) over this period pointing to a steady upward trend in labor hours.
Future trends to watch for include:
- Technological advancements and automation potentially impacting labor demands.
- Regulatory changes concerning environmental policies influencing workforce needs.
- Market responses to green energy initiatives possibly driving further sector growth.
- Evolving consumer preferences and their impact on utility services.
