In 2023, the UK sold production of machinery and apparatus for filtering or purifying water stood at a certain volume and value benchmark, forming the basis for future forecasts. From 2024 to 2028, the forecasted values show a steady year-on-year increase, indicating a consistent positive growth trajectory. Specifically, the year-on-year variation reflects an increment of nearly 0.6%, suggesting a modest but stable market expansion over the period. Furthermore, examining the Compound Annual Growth Rate (CAGR) over the specified five-year period, there is an anticipated average annual growth, underscoring long-term market resilience and growth potential.
Looking ahead, several key trends could shape this market. These include advancements in filtration technology, heightened regulatory standards driving demand for improved purification solutions, and the rising focus on sustainable water management amidst climate change pressures. Furthermore, increasing awareness and demand for cleaner water in both industrial and residential sectors could further fuel market growth.
