The global environmental consulting market is US$ 29.7 billion in 2016 and is estimated to reach US$ 43.8 billion by 2025. Environmental consulting services offers various services such as investment assessment and auditing, permitting & compliance, project & information management, monitoring & testing, and others such as design, pollution prevention, and others. There are several media types on which these services are used such as water management, waste management, and others such as air quality, soil, natural resources and renewable energy. Industries of several verticals implement these services for various purposes. Burgeoning awareness among industries regarding the implementation environmentally sustainable operations is anticipated to drive the Environmental Consulting market by 4.4% between 2016 and 2025.
The environmental consulting market on the basis of service type is broadly categorized into five sub segments including investment assessment & auditing, permitting & compliance, project & information management, monitoring & testing, and others Environmental consultancies offer a wide variety of services to different sectors for reporting on the impact of the industries on the environment and for effectively complying with the government regulations of the country. These services helps the organizations in effective production and expansion without harming the environment in any way for the present as well as future.
Environmental Consulting market by vertical is segmented into energy & utilities, chemical and petroleum, manufacturing & process industries, transportation and construction and others. The environmental impact assessment is mainly done for development projects such as commercial complexes, industrial projects, townships, and others. The environmental management plans includes implementation and monitoring of plans such as hazard and operability studies, occupational health and safety management systems, and others.
Some of the major players influencing Environmental Consulting market are AECOM., CH2M HILL, Arcadis N.V., Bechtel Corporation., John wood group PLC, Golder Associates Ltd., ERM Group, Inc., Tetra Tech, Inc., ANTEA GROUP, Santec, Inc., Ramboll Group, and SLR International among others.
The Environmental Consulting service industry had experienced diversified results in past few years, this is majorly attributed to the enhancing focus on environmentally viable behaviors that has been offset through a deterioration in government funding. However, increasing private investment have resulted into improvisation of economic conditions, coupled with an increasing focus by consumers and organizations on reducing human impact on the environment, has more recently renewed revenue growth.
Environmental Consulting market by vertical is segmented into energy & utilities, chemical and petroleum, manufacturing & process industries, transportation and construction and others. The environmental impact assessment is mainly done for development projects such as commercial complexes, industrial projects, townships, and others. The environmental management plans includes implementation and monitoring of plans such as hazard and operability studies, occupational health and safety management systems, and others.
Environmental consulting services are opted by the companies for obtaining statutory clearances for any new project, conducting environmental impact assessment, and implementing environmental management plans. The environmental impact assessment is mainly done for development projects such as commercial complexes, industrial projects, townships, and others. The environmental management plans includes implementation and monitoring of plans such as hazard and operability studies, occupational health and safety management systems, and others. These services are used in various industry verticals for reporting on the effects of the vertical on the environment and take effective measures for reducing any damage done to the environment.
Furthermore, Environmental consultancies include various disciplines in which an environmental consultant might work such as contaminated land, energy, geotechnical, environment management systems, green claims, compliance, impact assessment, flood risk, asbestos management, radon, carbon, and others. The growth of this consulting services is very high as more and more companies in different sectors are increasingly investing for higher production and expansion in various regions without involving in legal proceedings due to breaking of any regulations by the government on environment protection. In the forecasted period, the environmental consulting services market is estimated to grow at a good pace.
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