The output of Water Collection, Treatment, and Supply in the US has shown a steady growth trajectory over the years. Starting from $10.01 billion in 2013, the value has increased to $15.49 billion in 2023, representing a compound annual growth rate (CAGR) of 4.63% over the last five years. In the most recent years, the year-on-year growth rate was observed at 4.52% in 2023, following a 3.71% increase in 2022. Looking forward, the forecast indicates continued growth, reaching $18.74 billion by 2028 with an expected 5-year CAGR of 3.02% and a total forecasted growth of 16.02%.
Future trends to watch for include advancements in water treatment technologies, regulatory changes, and an increased focus on sustainable water resource management, which could drive further growth and potentially alter the market dynamics.
