In 2023, the water utility sector in Italy recorded 60.2 million hours worked. From 2024 onwards, a steady increase is forecasted, reaching 64.8 million hours by 2028. This translates to a Compound Annual Growth Rate (CAGR) of approximately 2.3% over five years.
Yearly, this sector is expected to see a 1.5% increase in 2025, 1.5% in 2026, and slightly higher at 1.4% by 2027 and 2028. These consistent increments indicate a stable growth path for the labor demand within the water utility industry.
Future trends to watch for include:
- Potential impacts of technological advancements, which may affect labor demand.
- Regulatory changes in water management that might shift operational requirements.
- Economic factors influencing investment in infrastructure, potentially altering future forecasts.