In 2023, the Business Enterprise R&D Expenditure in the electricity, gas, steam, air conditioning, water supply, sewerage, waste management, and remediation activities in the US amounted to $24.51 billion (PPP 2015). As we step into 2024, the expenditure is forecasted to increase to $30.44 billion, marking a significant jump.
The following forecasted year-on-year percentage variations indicate a robust upward trend in R&D investments: 2025 will see a 23.6% increase, 2026 a 18.9% rise, 2027 a further 15.7% boost, and by 2028, an additional 13.5% increment.
This results in a forecasted 5-year Compound Annual Growth Rate (CAGR) of approximately 20.2%, reflecting strong ongoing investment into R&D within these industries.
Future trends to watch for include the increasing impact of technological advancements, policy shifts towards sustainable and renewable energy sources, and heightened regulatory focus on environmental remediation, which all could significantly influence R&D spending. Monitoring these trends will be crucial for understanding future shifts in expenditure priorities.
