The output of Water Collection, Treatment, and Supply in Canada has demonstrated a consistent upward trend from 2013 to 2023. In 2023, the output stood at 954 million Canadian dollars. Notably, the year-on-year growth has seen fluctuations, with a notable increase of 12.55% in 2018 and a modest 2.8% in 2023. Over the last five years, the compound annual growth rate (CAGR) averaged 2.73%, indicating overall growth albeit at a reduced pace compared to earlier years. For the forecast period from 2024 to 2028, the output is projected to continue growing, with an anticipated CAGR of 2.04% and a total growth rate of 10.6% within this period.
Key future trends to watch for include:
- Impacts of climate change on water resources.
- Technological advancements in water treatment processes.
- Government policies and investments in water infrastructure.
- Population growth and urbanization demands on water supply.