The global power industry experienced a 45% drop in new job postings related to energy storage in Q1 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 163% increase versus Q1 2022. GlobalData’s Energy Storage System (ESS) Market Size, Share, Trends, Analysis, and Segment Forecast to 2026 report provides an outlook of the global ESS market, along with granular data on historical figures and forecasts of revenue opportunities from the technology, end-use, and regional segments. Buy the report here.
Notably, Management Occupations jobs accounted for a 20% share of the global power industry’s energy storage-related total new job postings in Q1 2023, down 26% over the prior quarter.
Management Occupations drive energy storage-related hiring activity
Management Occupations, with a share of 20%, emerged as the top energy storage-related job roles within the power industry in Q1 2023, with new job postings drop by 26% quarter-on-quarter. Architecture and Engineering Occupations came in second with a share of 16% in Q1 2023, with new job postings dropping by 10% over the previous quarter.
The other prominent energy storage roles include Computer and Mathematical Occupations with a 9% share in Q1 2023, Business and Financial Operations Occupations with a 7% share of new job postings.
Top five companies in power industry accounted for 27% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q1 2023 were Vistra Energy, NextEra Energy, Fluence Energy, Trojan Battery, and Stem. Together they accounted for a combined share of 27% of all energy storage-related new jobs in the power industry.
Vistra Energy posted 205 energy storage-related new jobs in Q1 2023, NextEra Energy 187 jobs, Fluence Energy 172 jobs, Trojan Battery 150 jobs, and Stem 143 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 71.81% share of total new job postings, Q1 2023
The largest share of energy storage-related new job postings in the power industry in Q1 2023 was in the US with 71.81% followed by the UK (5.50%) and Germany (4.47%). The share represented by the US was 14 percentage points lower than the 85.82% share it accounted for in Q4 2022.
For further understanding of GlobalData's Energy Storage System (ESS) Market Size, Share, Trends, Analysis, and Segment Forecast to 2026 buy the report here.