The value added of water collection, treatment, and supply in Belgium has experienced several fluctuations from 2013 to 2023, starting at 971.8 million Euros and growing to 1410 million Euros by 2023. The growth trend has varied year-on-year, with notable peaks in 2017 (18.26%) and 2021 (23.61%), and significant drops in 2018 (-6.89%) and 2020 (-14.66%). The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.96%, showing more stability and growth compared to earlier years.
Looking at the forecast from 2024 to 2028, the sector is projected to continue growing with an average annual rate (CAGR) of 1.8%, indicating a more gradual increase. The sector is expected to reach 1580 million Euros by 2028, representing a cumulative growth rate of 9.31% over the next five years.
Future trends to watch for include:
- Innovations in water treatment technologies and their adoption.
- Impact of environmental regulations and sustainability initiatives on operations.
- Potential effects of climate change and water scarcity on water supply infrastructure investments.
- Expansion in consumer demand for high-quality water services.
