Forecast: Number of Employees in Electricity, Gas, Steam and Air Conditioning Supply in the US

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.

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