DUBLIN, August 03, 2021--(BUSINESS WIRE)--The "Environmental Consulting Services - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Environmental Consulting Services estimated at US$31.6 Billion in the year 2020, is projected to reach a revised size of US$45.3 Billion by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027.
Site Remediation Consulting Services, one of the segments analyzed in the report, is projected to grow at a 5.2% CAGR to reach US$15.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Water & Waste Management Consulting Services segment is readjusted to a revised 5.4% CAGR for the next 7-year period. This segment currently accounts for a 28.2% share of the global Environmental Consulting Services market.
The U.S. Accounts for Over 48.6% of Global Market Size in 2020, While China is Forecast to Grow at a 6.9% CAGR for the Period of 2020-2027
The Environmental Consulting Services market in the U.S. is estimated at US$15.3 Billion in the year 2020. The country currently accounts for a 48.59% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3.3 Billion in the year 2027 trailing a CAGR of 6.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR while Rest of European market (as defined in the study) will reach US$3.3 Billion by the year 2027.
Environment Management, Compliance & Due Diligence Segment Corners a 23.3% Share in 2020
In the global Environment Management, Compliance & Due Diligence segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.5 Billion in the year 2020 will reach a projected size of US$9.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.3 Billion by the year 2027, while Latin America will expand at a 6.6% CAGR through the analysis period.
Select Competitors (Total 208 Featured) -
CH2M Hill Inc.
ERM Group, Inc
John Wood Group PLC
Ramboll Group A/S
SLR Consulting Limited
Tetra Tech, Inc.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
2020 Marked as a Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
A Snapshot of Impact the Pandemic on Clean Technologies Sector
Impact of COVID-19 Pandemic on UN Sustainable Development Goals
COVID-19 to Eventually Expedite Uptake of Environmental Consulting Services
Resumption in Commercial Real-Estate Activity to Make Environmental Consulting Services Market Move Forward after COVID-19-Led Brief Hiatus
Salient Commercial Real-Estate Trends Bode Well for Environmental Consulting Services
Opportunities with Return to Work Scenario
Digitalization & Renewed Focus on Efficiency Gives New Lease of Life for Environmental Consulting Services
Environmental Consulting: An Overview
Factors Influencing Business of Environmental Consultancies
Environment & Sustainability to be Top Priorities after the Pandemic
Sustainability Trends for the Near Future
ESG Trends to Boost Growth
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Increasing Focus on Climate Change Supports Demand for Environment Consulting Services
Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries
Managing Risks of Climate Change Drive Investments in High-Quality, Low-Carbon Businesses
COVID-19 Expedites Decarbonization Efforts
Digital Transformation Gains Momentum
Data Management, Visualization, & Software Integrations Become More Relevant
Evolving Approaches in Field Data Collection and Real-Time Monitoring
UAVs Find Wider Usage in Environmental Consultancy Operations
AI Redefines Consulting Services
Potential Role of AI in Reducing Carbon Footprint and Managing Environmental Issues
Digitalized Reporting & Submissions Accelerate the Process
GIS Enabling Environmental Consultancies deliver Greater Efficiencies in Projects
Emphasis on Effective Biodiversity Management Augurs Well
Ongoing Emphasis on EIA to Widen the Addressable Market
Rising Demand for Water and Waste Management Consulting Services
Increasing Role of Water and Waste Management Consulting Firms
Site Remediation Consulting Services Get Popular
COVID-19 Implications for Activities Related to Environmental Due Diligence
Rise in investments in Smart Cities to Drive Demand
COVID-19 Highlights the Value of Smart Cities During Times of Crisis
Smart Cities Emerge as a Sustainable Way to Accommodate World's Growing Population
Robust Demand for Environmental Consulting Services in Construction & Chemical Industries
Trends in the Construction Industry Influence Market Uptake
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/9hzsp8
View source version on businesswire.com: https://www.businesswire.com/news/home/20210803005891/en/
Laura Wood, Senior Press Manager
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