The global power industry experienced a 22% drop in new job postings related to energy storage in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 25% decrease versus Q4 2022. GlobalData’s Power: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the power industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Management Occupations jobs accounted for a 15% share of the global power industry’s energy storage-related total new job postings in Q4 2023, down 25% over the prior quarter.
Management Occupations drive energy storage-related hiring activity
Management Occupations, with a share of 15%, emerged as the top energy storage-related job roles within the power industry in Q4 2023, with new job postings drop by 25% quarter-on-quarter. Architecture and Engineering Occupations came in second with a share of 13% in Q4 2023, with new job postings dropping by 4% over the previous quarter.
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The other prominent energy storage roles include Computer and Mathematical Occupations with a 10% share in Q4 2023, Sales and Related Occupations with a 9% share of new job postings.
Top five companies in power industry accounted for 55% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were NextEra Energy, Sunrun, AES, Engie, and SolarEdge Technologies. Together they accounted for a combined share of 55% of all energy storage-related new jobs in the power industry.
NextEra Energy posted 776 energy storage-related new jobs in Q4 2023, Sunrun 728 jobs, AES 471 jobs, Engie 126 jobs, and SolarEdge Technologies 119 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 69.94% share of total new job postings, Q4 2023
The largest share of energy storage-related new job postings in the power industry in Q4 2023 was in the US with 69.94% followed by the UK (6.43%) and Germany (4.53%). The share represented by the US was 0 percentage points lower than the 70.36% share it accounted for in Q3 2023.
For further understanding of GlobalData's Power: Hiring Trends & Signals Q4 2023, buy the report here.
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GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
