Australia's Water Supply, Sewerage and Drainage Services sector has shown consistent growth from 2013 to 2023, reflected in the year-on-year variations and CAGR data. As of 2023, the sector's value was at 14.78 billion Australian dollars, marking a steady increase over the years. Year-on-year growth rates fluctuated, with significant increases in 2014 (14.78%) and more modest growth rates in later years, such as 2022 (0.68%). The recent CAGR over the last five years stood at 1.56%, indicating moderate expansion.
Looking ahead, growth is forecasted to continue at an average annual rate of 1.64%, reaching an estimated 16.4 billion Australian dollars by 2028, reflecting cumulative growth of 8.48% over five years. This suggests a stable yet gradual upward trend for the sector.
Future trends to watch for include technological advancements in water management, increasing regulatory measures on water conservation, and potential impacts of climate change on water resources. Additionally, investment in sustainable infrastructure could further bolster growth in the sector.
