The value added of water collection, treatment, and supply in the US has shown a steady increase from 2013 through 2023, reaching $9.29 billion. Notable yearly growth rates include a major spike of 10.07% in 2020, and consistent growth averaging around 2-3% from 2021 to 2023. The compounded annual growth rate (CAGR) for the five-year period ending in 2023 stands at a robust 4.02%.

Looking to the future, forecasted values indicate continued growth, with an expected CAGR of 1.61% over the next five years, culminating in an 8.32% total growth from 2024 to 2028. Future trends to watch for include:

Advancements in water treatment technologies.
Increased investment driven by environmental regulations and sustainability goals.
A potential rise in water scarcity issues influencing the industry dynamics.