The gross value added (GVA) in Finland's water collection, treatment, and supply industry has demonstrated a consistent upward trajectory from 2013 through 2023, with a notable increase in the values from €376 million in 2013 to €536 million in 2023. Specifically, the past two years displayed modest growth with a year-on-year increase of 1.9% in 2023, following a stable figure in 2022. Over the last five years, the industry’s compound annual growth rate (CAGR) has been 3.98%, underscoring steady market expansion.
Looking forward from 2024 to 2028, the forecast suggests continued growth but at a slower pace, with a forecasted 5-year CAGR of 1.25%. By 2028, the GVA is expected to reach €580 million, representing an overall growth rate of 6.42% over this period.
Future trends to watch for:
- Technological advancements and innovations in water treatment processes.
- Increased investments in sustainable and eco-friendly water supply systems.
- Regulatory changes and government policies focusing on water conservation and quality.
- Potential impacts of climate change on water resources and supply infrastructure.