The water collection, treatment, and supply industry in Spain has shown a steady increase from €9.12 billion in 2013 to €11.63 billion in 2023. In 2023, the industry stood at €11.63 billion, marking a year-on-year growth of 2.7%. Over the past five years, the Compound Annual Growth Rate (CAGR) was approximately 3.1%. Notably, the sector experienced inconsistent year-on-year changes, from as low as -0.063% in 2016 to a high of 5.59% in 2019.
Future projections from 2024 onwards indicate continued growth, reaching €13.06 billion by 2028, with a forecasted 5-year CAGR of 1.83% and an overall 5-year growth rate of 9.49%. This slower growth rate compared to the previous decade suggests market stabilization.
Future trends to watch for include technological advancements in water treatment, increased regulatory requirements for environmental sustainability, and the impact of climate change on water availability and its subsequent costs.
