The value added of water collection, treatment, and supply in the UK sector has witnessed an overall upward trend from 2013 to 2023. In 2013, the value stood at £7.17 billion and grew to £8.83 billion by 2023. Over this period, annual growth rates fluctuated, with noteworthy increases seen in 2016 and 2018 at 6.49% and 6.12%, respectively. However, there were also periods of decline, such as in 2020 with a drop of 2.81%, likely impacted by the COVID-19 pandemic. Despite these fluctuations, the compound annual growth rate (CAGR) over the last five years until 2023 was 1.44%. Projections indicate that the market will continue to grow, reaching £9.58 billion by 2028, with a forecasted five-year CAGR of 1.34% and a total growth rate of 6.89% over this period.
Future trends to watch for:
- Technological advancements in water treatment and supply.
- Government policies and regulations impacting the sector.
- Potential impacts of climate change and sustainability initiatives.
- Population growth and urbanization driving demand.
- Investment in infrastructure and efficiency improvements.
