Between 2013 and 2023, the value added of water collection, treatment, and supply in Canada exhibited a positive trend, increasing from CAD 278.0 million to CAD 504.0 million. Year-on-year, growth fluctuated significantly, with notable peaks in 2017 (19.43%) and 2018 (12.27%). The compound annual growth rate (CAGR) for the past five years averaged at 3.66%, indicating a consistent upward movement albeit at a slower rate in recent years.
Looking forward from 2024 to 2028, the forecast suggests a continued growth trajectory with an average annual CAGR of 2.28%. The total increase projected over this period is 11.95%, which suggests a steady but modest pace.
Future trends to watch for include advancements in water treatment technologies, regulatory changes, and environmental sustainability initiatives. These factors could influence investment and operational costs, possibly impacting the overall growth rate in the coming years.