The public water supply to the services sector in Belgium peaked at 108.54 million cubic meters in 2023. Between 2013 and 2023, the sector saw considerable year-on-year variation, with notable drops of -2.72% in 2015 and -16.67% in 2020 due to unprecedented events, but has largely been stable peaking up post-2021 with a positive annual growth in value. Over the last five years, the compound annual growth rate (CAGR) has averaged 1.02%.
For the years leading up to 2028, forecasts suggest a modest growth trajectory with a forecast 5-year CAGR of 0.69% and an overall 5-year growth rate of 3.49% from 2024 onwards. Year-on-year growth shows a gradual increase, reflecting a stabilization in the sector’s water demand.
Future trends to watch for:
- Impact of water efficiency measures and technological advancements in the services sector.
- Potential regulatory changes affecting water usage.
- Environmental factors such as climate change impacting water resources.
- Evolving demands of the growing services sector, especially in urban areas.
