The output of water collection, treatment, and supply in Finland has showcased a steady growth from 2013 to 2023. In 2013, the value stood at 660 million euros and increased consistently over the years, reaching 918 million euros in 2023. This reflects an average compound annual growth rate (CAGR) of 3.47% over the last five years. Notable year-on-year variations include a significant increase in 2021 by 6.75%, while 2022 saw a minor decline of 0.89%. However, the momentum picked back up in 2023 with a 2.8% rise.
Forecasts predict continued growth for the sector from 2024 to 2028, with the output expected to climb from 943 million euros in 2024 to 1040 million euros in 2028. The forecasted 5-year CAGR is projected at 2.04%, indicating a moderate but consistent growth trajectory, totaling a 10.6% growth rate over the period.
Future trends to watch for include the impact of technological advancements in water treatment, sustainable practices, and regulatory changes promoting environmental preservation. Emphasis on efficiency and innovation is likely to drive this sector's growth, making it resilient to various market conditions.