The US water collection, treatment, and supply output has shown a consistent upward trend from 2013 to 2023, growing from $10.01 billion in 2013 to $15.49 billion in 2023, with a compound annual growth rate (CAGR) of 4.63% over the last five years. Most notably, recent year-on-year growth rates have demonstrated healthy increases, such as 6.94% in 2021 and 4.53% in 2023.
Looking ahead to forecasted data, the output is expected to continue its rise, reaching $18.74 billion by 2028. The forecasted CAGR from 2023 to 2028 is projected at 3.02%, which is slightly below recent historical growth but still indicative of a steady increase. Over the next five years, the industry is expected to expand by approximately 16.05% from 2023 levels.
Future trends to watch for include:
• Technological advancements in water treatment processes.• Increasing investment in infrastructure upgrades.• Growing regulatory pressures around water quality and environmental impact.• Rising consumer demand for sustainable and efficient water management solutions.
