The workforce in the US Electricity, Gas, Steam, and Air Conditioning Supply sector is forecasted to grow gradually from 2024 to 2028, starting at 532,000 jobs in 2024 and reaching 541,000 by 2028. This represents a modest growth trajectory with an overall increase of 1.7% over five years, resulting in a compound annual growth rate (CAGR) of approximately 0.34% per year. In 2023, employment stood at levels consistent with the onset of the forecast period.
Future trends to watch include:
- The impact of technological advancements and automation on job roles and the required skill sets.
- Policy and regulatory changes, particularly those related to climate change and the transition to renewable energy sources, which could influence employment dynamics significantly.
- Emerging trends in energy conservation and efficiency standards that may drive demand for different skillsets or increase overall job growth in specific areas of the sector.