The Gross Value Added (GVA) for Water Collection, Treatment, and Supply in Canada is forecasted to grow from CAD 4.0 billion in 2024 to CAD 4.15 billion in 2028. This represents a year-on-year growth rate of approximately 1% between each year from 2024 to 2028. Specifically, the year-over-year percentage variations are:
- 2025: +1%
- 2026: +0.74%
- 2027: +0.98%
- 2028: +0.97%
The average annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 0.98%. This indicates steady growth in the sector.
Future trends to watch for include advancements in water treatment technologies, increased regulatory requirements for water quality, and potential impacts of climate change on water resources. Monitoring these factors will be crucial for understanding long-term developments in this sector.