In 2023, employees in the Electricity, Gas, Steam, and Air Conditioning Supply sector in the US accounted for approximately 1.06 billion hours. The forecast for 2024 shows a modest increase to 1.07 billion hours, with continued incremental growth projected through 2028, reaching 1.09 billion hours. Year-on-year growth is stable but slow, with an approximate increase of 0.9% annually from 2024 to 2028.
Future trends to watch for:
- Technological advancements increasing efficiency and possibly reducing labor hours.
- Shifts towards renewable energy affecting workforce requirements and structure.
- Regulatory and policy changes impacting employment dynamics and operational needs.
- Economic factors influencing investment in infrastructure and workforce expansion.