The value added of water collection, treatment, and supply in the US was $9.14 billion in 2023. Analysis from 2013 to 2023 shows a steady increase, with some variations. Key year-on-year changes include significant growth in 2019 (8.31%) and recovery from a decline in 2020 (-4.28%). The most recent changes indicate a 2.1% increase in 2023. The overall CAGR over the past five years stands at 3.1%, reflecting consistent growth in this sector.
Looking forward, the forecast suggests continued growth with a CAGR of 1.63% from 2024 to 2028 and an overall growth rate of 8.41% by 2028. Trends to watch for include the impact of technological advancements in water treatment, regulatory changes, and climate change’s influence on water resources.
