The number of self-employed people in the UK's water collection, treatment, and supply sector is forecasted to grow steadily from 2024 to 2028. In 2023, this number stood at approximately 2.17 thousand units. Year-on-year, the increase from one year to the next is consistently around 1.8%, indicating a stable upward trend in self-employment within this sector. Over a five-year period, the compound annual growth rate (CAGR) is projected to be about 1.8%, reflecting moderate but consistent growth.
Future trends to watch for in this sector include:
- Technological advancements improving efficiency, potentially influencing self-employment opportunities.
- Environmental regulations that could increase demand for specialized water treatment services.
- Changes in consumer attitudes towards sustainable water practices.
- Economic conditions affecting small business viability and self-employment rates.
