The value added of water collection, treatment, and supply in Australia has shown a consistent upward trend from 2013 to 2023, standing at AUD 15.93 billion in 2023. The compound annual growth rate (CAGR) over the last five years from 2019 to 2023 was 2.08%, with year-on-year variations ranging from a low of -2.34% in 2020 to a high of 7.28% in 2017. Recent years saw stable growth with a 1.96% increase in 2023 and a 2.02% increase in 2022, indicating a stable market.
Key future trends to watch for in the water supply sector include:
- Technological advancements in water treatment and collection methods
- Increased investment in sustainable and eco-friendly practices
- Government policies focused on water conservation and management
- Potential impacts of climate change on water resources
The forecast anticipates a moderate growth rate with a CAGR of 1.42% over the next five years, leading to a 7.3% overall growth by 2028.
