Analyzing the data from 2013 to 2023 for Bulgaria's Water Collection, Treatment, and Supply sector shows a consistent upward trend. Production in 2023 stands at 845.4 million Bulgarian Levs. Over the last two years (2022-2023), the year-on-year variations were modest at 1.72% and 1.57%, indicating steady growth. The past five years (2018-2023) show an average annual growth rate (CAGR) of 2.28%, reflecting a stable and gradually increasing trend.
Looking forward, the forecast from 2024 to 2028 suggests moderate growth, with a forecasted five-year CAGR of 0.95% and an overall five-year growth rate of 4.83%. This indicates that the sector will continue to grow, albeit at a slower pace compared to the previous years.
Future Trends to Watch For:
- Technological advancements in water treatment processes that can improve efficiency and reduce costs.
- Government policies and regulations aimed at improving water infrastructure and sustainability.
- Climate change impacts on water resources, potentially leading to greater demand for advanced water management solutions.
- Investment in renewable energy sources for water treatment facilities to reduce environmental impact.