The UK's water collection, treatment, and supply sector demonstrated steady growth from 2013 to 2023, reaching 12.4 billion pounds in 2023. The sector experienced variable growth rates, peaking at 9.66% year-on-year in 2018 and encountering a decline of 5.69% in 2020 due to external factors such as the global pandemic. The average year-on-year variation and CAGR indicate consistent upward trends, though growth slowed recently to a CAGR of 0.66% over the past five years.
Looking forward, the sector is forecasted to continue growing, with a projected 5-year CAGR of 1.24%, reaching 13.4 billion pounds by 2028. Anticipate a 6.35% total growth over the next five years.
Future trends to watch include:
- Technological advancements in water treatment and conservation
- Regulatory changes to enhance water quality and sustainability
- Impact of climate change on water resources
- Investment in infrastructure upgrades
- Increased public and private sector collaboration
