Water Supply & Irrigation Systems in Canada - Industry Market Research Report

Water Supply & Irrigation Systems in Canada - Industry Market Research Report

Water Supply & Irrigation Systems in Canada

Water supply and irrigation systems companies have struggled compared to the overall economy over the current period as they can't pass increased costs onto consumers by hiking water prices. Falling industrial capacity utilization hindered growth from the manufacturing and mining sectors, but droughts in Western Canada spurred growth from the agricultural sector. Profit struggled over the current period as supply chain woes pushed up chemical and water purchase costs. Industry-wide revenue has been falling at a CAGR of 2.2% over the past five years and is expected to total $7.3 billion in 2023, when revenue will dip 0.1%.

The Water Supply and Irrigation Systems industry in Canada operates water collection, treatment and distribution systems for domestic and industrial needs. The water supply distribution activities conducted by this industry are generally supplied directly to end users. Companies that treat wastewater are excluded from this industry and are included in the Sewage Treatment Facilities industry in Canada (IBISWorld report 22132CA).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."