The production volumes of water collection, treatment, and supply in Belgium exhibited notable fluctuations over the past decade. From a value of 2.59 billion euros in 2013, the sector experienced various upturns and downturns, including a significant dip in 2020 with a year-on-year reduction of 15.12%. However, recovery was observed in subsequent years, with consistent growth seen in 2021 and beyond, reaching 2.87 billion euros in 2023. The average annual growth rate over the past five years stood at 1.69%.
Future trends to watch for include:
- Consistent incremental growth projection: The forecast indicates a steady increase, reaching 3.08 billion euros by 2028, with an average annual growth rate of 1.11% over the next five years.
- Technological advancements in water treatment: Innovations in this sector could drive efficiency and potentially alter the projected volumes.
- Environmental regulations and sustainability initiatives: These will continue to shape the market dynamics, influencing both production volumes and operational strategies.