The domestic water systems market in the US is expected to experience steady growth, with sales projected to rise from $1.991 billion in 2024 to $2.1075 billion in 2028. This represents a consistent year-on-year increase, averaging a compound annual growth rate (CAGR) over the forecast period of approximately 1.42%. This ongoing increase underlines a gradual yet consistent demand in the market.
- Key past observation: In 2023, sales in this sector stood at $1.963 billion, marking a stable growth trajectory into the forecasted years.
- Future trends to watch include technological advancements in water conservation, the impact of sustainability regulations, and any significant changes in consumer preferences that may drive market shifts.
