The water utility turnover in Belgium was €3.36 billion in 2023. Forecasts indicate a steady growth in turnover from 2024 to 2028, with values increasing from €3.44 billion in 2024 to €3.76 billion in 2028. The year-on-year growth rates are 2.33% for 2024, 2.33% for 2025, 2.27% for 2026, 2.22% for 2027, and 2.17% for 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is approximately 2.26%.
Future trends to watch for:
- Technological advancements in water treatment and distribution.
- Regulatory changes impacting tariffs and operational efficiencies.
- Environmental concerns driving investments in sustainable water management.
