In 2023, the number of persons employed in the Electricity, Gas, Steam, and Air Conditioning Supply sector in the UK was 161.66 thousand. The forecasted employment data from 2024 to 2028 reveals a consistent upward trend. A year-on-year analysis of the forecast shows steady growth in employment: 1.58% from 2024 to 2025, 1.14% from 2025 to 2026, 1.10% from 2026 to 2027, and 1.07% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecast period is approximately 1.29%, indicating moderate, steady employment growth.
Future trends to watch for include:
- Technological advancements that could increase efficiency and potentially impact employment numbers.
- Government policies and regulations related to renewable energy and their effect on sector employment.
- Potential fluctuations in energy demand due to economic or environmental factors.