The Water Supply, Sewerage, Waste Management, and Remediation Services sector in Belgium has exhibited notable growth over the years, standing at 14.78 billion Euros in 2023. Post-2013's value of 10.46 billion Euros, the sector witnessed fluctuations, with substantial growth particularly marked from 2017 onwards. The year 2021 saw a significant surge with a 15.74% year-on-year increase, followed by 7.35% in 2022 and 2.88% in 2023, reflecting a robust post-pandemic recovery. Looking at the Compound Annual Growth Rate (CAGR), the industry's performance improved progressively, standing at 4.95% by 2023.
Future projections indicate continued expansion, projecting a value of 16.8 billion Euros by 2028. The forecasted 5-year CAGR of 2.03% suggests a steady growth trajectory, with an overall 10.58% increase expected by 2028.
Future trends to watch for in this sector include the adoption of innovative water management technologies, increasing regulations and compliance measures to ensure environmental sustainability, and a growing focus on circular economy practices.
