Hiring activity related to Internet of Things increased by a CAGR of 25% in the power industry since 2021 

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The global power industry witnessed a 25% rise in compound annual growth rate (CAGR) in new job postings related to Internet of Things since 2021, according to GlobalData's Job Analytics database. New job postings increased by 53% year-on-year in 2022 and by 2% year-on-year in 2023. 

Notably, computer and mathematical occupations jobs accounted for 39% share of the global power industry’s Internet of Things-related new job postings since 2021. 

Computer and mathematical occupations drive Internet of Things-related hiring activity 

Computer and mathematical occupations, with a share of 39%, emerged as the top Internet of Things-related job roles within the power industry since 2021, with new job postings rising by 42% year-on-year in 2022 and falling by 5% year-on-year in 2023. 

Management occupations came in second with a share of 20%, with new job postings rising by 70% year-on-year in 2022 and by 5% year-on-year in 2023. 

The other prominent Internet of Things roles include architecture and engineering occupations with a 12% share, office and administrative support occupations with a 5% share and business and financial operations occupations with a 5% share. 

The top five companies in the power industry accounted for 61% of hiring activity 

The top five companies, in terms of the number of new job postings tracked by GlobalData, since 2021 were Siemens, Landis+Gyr Group, Schneider Electric, Engie, and E.ON. Together they accounted for a combined share of 61% of all Internet of Things-related new jobs in the power industry. 

Siemens posted 9,155 Internet of Things-related jobs since 2021, followed by Landis+Gyr Group with 2,592 jobs, and Schneider Electric with 1,636 jobs, according to GlobalData’s Job Analytics database. 

New job postings by Siemens increased by 29% year-on-year in 2022 and by 32% year-on-year in 2023, while those by Landis+Gyr Group increased by 126% in 2022 and by 76% in 2023. 

Hiring activity was driven by the US with a 40% share of total new job postings since 2021 

The largest share of Internet of Things-related new job postings in the power industry since 2021 was in the US with 40%, followed by the UK (11%) and Germany (10%). The share represented by the US remained unchanged in 2022 and 2023, at 41%.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.  

GlobalData’s Job Analytics database 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.