Forecast data for U.S. household expenditure on water supply and miscellaneous services for dwelling indicates a steady upward trend from 2024 through 2028. Starting at 129.08 billion USD in 2024, this expenditure is expected to grow to 145.07 billion USD by 2028. This indicates an average annual growth rate of approximately 3% over the five-year period. With these forecasts in mind, the market has consistently grown year-on-year since the measured base year of 2023.
Future trends to watch for include:
- Potential technological advancements in water efficiency, which might impact pricing.
- Policy changes related to water regulation and environmental concerns.
- Demographic shifts influencing demand patterns in various regions.