In 2023, wages and salaries in Germany's electricity, gas, steam, and air conditioning supply sector stood at 19.06 billion euros. Forecasts suggest a yearly growth in wages and salaries, registering year-on-year increases of approximately 2.8% to 2.6% between 2024 and 2028. Notably, the Compound Annual Growth Rate (CAGR) over these five years is forecasted to be around 2.6%.
Future Trends to Watch for:
- Technological advancements in energy supply and efficiency may impact labor demand and wages.
- Policy changes, especially around sustainable energy, could affect sector salaries.
- Inflationary pressures might influence real wage growth despite nominal increases.