Analysis of the US water collection, treatment, and supply production volumes shows that it stood at $11.07 billion in 2023. The year-on-year variation over the last two years stood at 5.08% in 2022 and a slight decrease of 0.18% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) indicates a minimal average variation of 0.016% per year. Forecasts reveal a downward trend with a forecasted 5-year CAGR of -0.13%, expecting a consistent annual decrease of approximately 0.67% from 2024 to 2028.
Future trends to watch:
• Impact of environmental policies and sustainability measures.
• Technological advancements driving efficiency in water treatment processes.
• Climate change and its effects on water resource availability.
• Increasing urbanization and population growth influencing demand.
