The production value of water collection, treatment, and supply in the US stood at $14.12 billion in 2023. Over the past two years, the production value grew steadily, with a year-on-year increase of 7.77% in 2022 and a moderate 2.28% rise in 2023. From 2013 to 2023, the overall trend showed consistent growth, though there was a decline of 3.39% in 2020, likely due to the pandemic's impact. The average annual growth rate (CAGR) from 2018 to 2023 was approximately 2.73%, indicating a stable, albeit modest, increase.

Future trends to watch for in this sector include:

Sustainable practices and green technologies driving investment.
Population growth and urbanization increasing demand for water services.
Regulatory changes impacting the operational costs and technologies used in water treatment.
Potential impacts of climate change on water resources and infrastructure.