In 2023, the total internal R&D personnel in Canada's Electricity, Gas, Steam, Air Conditioning and Water Supply; Sewerage, Waste Management, and Remediation Activities stood at 2.49 thousand FTE. From 2024 onwards, this sector is expected to witness a consistent growth rate with personnel numbers forecasted to increase each year, reaching 2.89 thousand FTE by 2028. This indicates a steady year-on-year increase averaging 2.89% CAGR over the five-year forecast period.
Future Trends to Watch For:
- Technological advancements and innovation in sustainable energy and waste management could further drive the demand for R&D personnel.
- Government policies promoting green initiatives are likely to boost investment in R&D.
- Cross-sector collaborations may increase to enhance efficiency and resource management.