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Water Supply & Irrigation Systems in Canada Industry Data and Analysis
Over the current period, revenue in the Canadian water supply industry has declined at a CAGR of 1.0%, reaching an estimated $7.8 billion despite growing 1.8% in 2025. This decline is driven significantly by the slowdown in the housing market, particularly in Ontario and British Columbia, where new housing construction has stalled. The construction slump has decreased demand for new water infrastructure and hookups, constraining revenue potential. However, the rise of data centres, particularly in Alberta and Ontario, presents new opportunities, as these facilities require substantial water for cooling, opening up a lucrative customer base for utilities. Concurrently, Canada's fast population growth, especially in major cities, continues to exert pressure on water infrastructure, creating additional demand for modernization and expansion, while strong utility prices in these regions have boosted profit.
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What's included in this industry analysis
IBISWorld's research coverage on the Water Supply & Irrigation Systems industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released September 2025.
About this industry
What's this industry report about?
The Water Supply & Irrigation Systems industry in Canada operates under the NAICS industry code 22131CA. 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). Related terms covered in the Water Supply & Irrigation Systems industry in Canada include aqueduct, irrigation and pump.
What's included in this industry?
Products and services covered in Water Supply & Irrigation Systems industry in Canada include Groundwater and Surface water.
What companies are included in this industry?
Companies covered in the Water Supply & Irrigation Systems industry in Canada include Veolia Water and EPCOR Utilities.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Water Supply & Irrigation Systems industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Water Supply & Irrigation Systems industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Water Supply & Irrigation Systems industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Water Supply & Irrigation Systems industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Water Supply & Irrigation Systems industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Water Supply & Irrigation Systems industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Water Supply & Irrigation Systems industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Water Supply & Irrigation Systems industry in Canada.
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Frequently Asked Questions
What is the market size of the Water Supply & Irrigation Systems industry in Canada in 2026?
The market size of the Water Supply & Irrigation Systems industry in Canada is $7.8bn in 2026.
How many businesses are there in the Water Supply & Irrigation Systems industry in Canada in 2025?
There are 1,210 businesses in the Water Supply & Irrigation Systems industry in Canada, which has declined at a CAGR of 7.4 % between 2020 and 2025.
How may import tariffs affect the Water Supply & Irrigation Systems industry in Canada?
The Water Supply & Irrigation Systems industry in Canada is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Water Supply & Irrigation Systems industry in Canada?
The Water Supply & Irrigation Systems industry in Canada is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Water Supply & Irrigation Systems industry in Canada grown or declined over the past 5 years?
The market size of the Water Supply & Irrigation Systems industry in Canada has been declining at a CAGR of 1.0 % between 2020 and 2025.
What is the forecast growth of the Water Supply & Irrigation Systems industry in Canada over the next 5 years?
Over the next five years, the Water Supply & Irrigation Systems industry in Canada is expected to grow.
What are the biggest companies in the Water Supply & Irrigation Systems industry in Canada?
The biggest companies operating in the Water Supply & Irrigation Systems industry in Canada are Veolia Water and EPCOR Utilities
What does the Water Supply & Irrigation Systems industry in Canada include?
Sourcing, treating, storing and distributing groundwater and Sourcing, treating, storing and distributing surface water are part of the Water Supply & Irrigation Systems industry in Canada.
Which companies have the highest market share in the Water Supply & Irrigation Systems industry in Canada?
The company holding the most market share in the Water Supply & Irrigation Systems industry in Canada is Veolia Water.
How competitive is the Water Supply & Irrigation Systems industry in Canada?
The level of competition is moderate and increasing in the Water Supply & Irrigation Systems industry in Canada.
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