As of 2023, the number of employees in the Electricity, Gas, Steam, and Air Conditioning Supply sector in the US was 517,000. Future projections from 2024 to 2028 indicate a slight decline in employment, with the sector maintaining 517,000 employees through 2025 and 2026 before decreasing to 516,000 in 2027, and further to 515,000 by 2028.
Year-on-year variation shows a stable workforce initially, with a slight reduction beginning from 2027. The Compound Annual Growth Rate (CAGR) over the next five years reflects a marginal decrease, indicating a slow diminishment in sector employment.
Future trends to watch for include:
- Advancements in automation and technology potentially reducing manpower requirements.
- Increasing emphasis on renewable energy sources that might shift workforce demands.
- Regulatory changes impacting employment rates in traditional energy sectors.