The Environmental Consulting Services Market is valued at USD 31.27 billion in 2017 and expected to reach USD 52.42 billion by 2027 with a CAGR of 5.3% over the forecast period.
Environmental Consulting Services Market: Global Size, Competitive, Trends, Historical & Forecast Analysis 2021-2027- Increasing demand for recommended services predominantly in construction and chemical industries to minimize environmental deterioration due to release of toxic substances are expected to growth of Environmental consulting services.
Environmental consulting services are presented by the environmental consultancies to their clients for several purposes. These services are recommended to ensure that the companies are complying effectively with the regulation made by the government in the favour of environment protection. Furthermore, clients hire these consultancies for environment impact management, and management plans, through which the consultancies make a report based on the analysis and the future impact of the firm on the environment.
The environmental consulting services market is segmented into type end users and region. On the basis of type the market fragmented into Site Remediation Consulting Services, Water and Waste Management Consulting Services, Environment Management, Compliance and Due Diligence and Others. On the basis of end users the market is fragmented into Mining, Manufacturing, Process Industries, Energy & Utilities, Government & Regulators, Infrastructure & Development, and Others
Some of the key players in the global environmental consulting services market include AECOM, CH2M HILL, Arcadis, Bechtel Corporation, Amec Foster Wheeler Plc, Golder Associates, SLR International and Environmental Resources Management.
On 8th February 2021, NIRAS/ONDRAF has collaborated with Jacobs for the Radioactive Waste Project in Belgium. The company will also be responsible for feasibility studies, all design phases, project and construction supervision and support on several major projects for new waste storage buildings and a water treatment plant in Belgium.
The growing demand for advisory services primarily in construction and chemical productions are to minimize environmental worsening due to release of toxic substances is one of the major factors driving the growth of environmental consulting services market. Furthermore, increasing expenditure on pollution control and environmental remediation in developing nations is also expected to support the market growth. In emerging economies, these initiatives are accepted out in addition to government funding for renewable energy for energy security in the long run and for low levels of emission.
In urban areas, measures for waste minimization, site remediation, and sustainable development are also favourable for this market. Also, diversification of services in nuclear power plants such as carbon polluting standards and life cycle assessment are likely to benefit the market’s growth. Hazards to human health due to release of toxic substances into groundwater or soil are also showing the need for environmental management services for public safety considerations. In the oil and gas sector, regulations in place that monitor gas station storage tanks for leaks and spills are also driving the demand for environmental consulting services.
Segments of this market are in terms of waste management, environmental services, site remediation, and environment management and compliance. Waste management consulting service trailed by environment management are expected to be the top segments of the marketplace in the near future. This is mostly due to the rising necessity to prevent contamination to the environment from the mining and construction sectors.
Asia Pacific is expected to be the leading region in the marketplace over the forecast period. This is mainly due to environmental protection norms gradually in countries such as China and India due to improving economic conditions. The increasing prevalence of natural disasters and measures to reduce the impact of human activities on the environment are also boosting the demand for environmental consulting services, especially for site remediation planning and clean-ups. Moreover, rising awareness about environmental deterioration and health hazards due to surge in industrial activities has aroused the attention of business owners to hire biologists, geoscientists, and environment consultants to follow to environmental regulations and minimize such risks. North America is also account for the major market share owing to the stringent environmental policies along with rising awareness among people. Thus, all the above-mentioned factors are expected to support the market growth.
The regions covered in this Global Environmental Consulting Services Market report are North America, Europe, Asia-Pacific and Rest of the World. On the base of country level, the marketplace is sub divided into U.S., Mexico, Canada, U.K., Germany, France, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 31.27 billion|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 52.42 billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||AECOM, CH2M HILL, Arcadis, Bechtel Corporation, Amec Foster Wheeler Plc, Golder Associates, SLR International and Environmental Resources Management|
|Segments Covered||By Type, By End-Users|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|