Based on the data provided, the production of water collection, treatment, and supply in Japan was 6.564 trillion Japanese Yens in 2023. Historical data shows a notable growth from 2013, with some fluctuations, particularly in 2020 when there was a decline of 3.86%. The years 2022 and 2023 marked a recovery with respective year-on-year variations of 6.17% and 0.84%. Over the last five years (2018-2023), the Compound Annual Growth Rate (CAGR) was 0.77%, indicating moderate growth.
Forecasts suggest steady growth from 2024 to 2028 with a 5-year CAGR of 0.68%. The overall forecasted growth rate for the next five years is 3.47%.
Future trends to watch for:
- Technological advancements in water treatment and supply infrastructure
- Governmental regulations and environmental policies impacting production
- Climate change and its effects on water resources
- Population shifts and urbanization trends affecting water demand
