In 2023, the Water Supply, Sewerage, Waste Management, and Remediation Services sector's Gross Value Added in the US was recorded at $76.8 billion. Based on forecasts from 2024 to 2028, the sector is expected to grow annually, reaching $78.46 billion in 2024, $80.27 billion in 2025, $82.06 billion in 2026, $83.84 billion in 2027, and $85.6 billion in 2028. This reflects a gradual year-on-year increase, with the annual growth rate averaging around 2.2% over these years.
Future trends to watch for include:
- Environmental regulations potentially driving increased remediation services demand.
- Technological advancements in sustainable water management systems.
- Public infrastructure investments boosting sector growth.
- Increasing urbanization resulting in higher waste management requirements.