In 2023, the turnover in the UK water collection, treatment, and supply sector stood at 15.56 billion pounds sterling. The forecasted figures from 2024 to 2028 demonstrate a steady increase in turnover, highlighted by year-on-year growth at approximately 2% on average. The compound annual growth rate (CAGR) for this period is expected to be around 1.8%, indicating moderate but consistent growth in this sector.
Future trends to watch for include:
- Technological advancements in water treatment and supply, potentially boosting efficiency.
- Regulatory impacts, especially related to environmental standards, which may influence operational costs.
- Evolving consumer demand for sustainable water management practices.