Major players in the market for environmental consulting services include Jacobs Engineering Group Inc., Tetra Tech Inc., Arcadis NV and Sweco AB. Stantec Inc., John Wood Group PLC. Suez Environnement SA. Environmental Resources Management, WSP Global Inc.
New York, December 30, 2021 (GLOBE NEWSWIRE — Reportlinker.com Announces the Release of the Report “Environmental Consulting Services Global Market Report” – https://www.reportlinker.com/p04280975/?utm_source=GNW
Ramboll Group A/S
The global market for environmental consulting services will grow from $56.39 to $63.03 trillion in 2021 to $63.03 trillion in 2022, at a compound annual rate (CAGR), of 11.8%. This is due to companies restructuring their operations and recovering from COVID-19’s impact. These measures included remote working, social distancing, and closing commercial activities that caused operational difficulties. At a 10.4% compound annual growth rate, the market is expected reach $93.61 billion by 2026.
The market for environmental services (ECS), which includes the sale of services and products related to environmental consulting, is comprised of entities (organizations or sole traders) that provide advice, assistance and action plans to governments and organizations to manage their environments.
Services that provide environmental consulting services are involved in processes where human capital is a major input. They provide the knowledge and skills of employees, often on an assigned basis.
Site remediation consulting services and other environmental consulting services are the main types of environmental services.
These services can be used by many sectors like mining, manufacturing and process industries, energy, utilities, government regulators, infrastructure, development, and others. There are three types of service providers: large enterprise, small enterprise, and medium enterprise.
North America was the largest area in the global market for environmental consulting in 2021. Western Europe was the second largest.
This report covers the following regions: Asia-Pacific, Western Europe and Eastern Europe, North America and South America, Middle East, Africa.
Sustainable development refers the economic growth of a country, region, or country without or with minimal depletion or use of natural resources. The United Nations Organization has established Sustainable Development Goals for its members with an agenda to ensure responsible and sustainable growth up to 2030.
These goals include providing safe and reliable drinking water, improving water quality, reducing pollution, preventing dumping of hazardous materials, building resilient infrastructure, integrating climate change mitigation measures into national policies, and encouraging sustainable use of terrestrial and marine resources. The demand for environmental services will increase as companies invest in achieving these targets.
Environmental consulting firms are now promoting the use and installation IoT technology that can help businesses and governments monitor and conserve their environment.
They can also detect radiations in the environment and hazardous chemicals.
Smart waste collection systems could track waste levels in garbage cans, optimize transport and provide operational analytics. This could reduce fuel consumption and save government resources.
The 2020 outbreak of Coronavirus Disease (COVID-19), has acted as a restriction on the market for environmental consulting services. Governments around the world imposed lockdowns and restricted trading, which thereby limited the demand for professional services.
The virus was first discovered in 2019 in Wuhan, Hubei Province of the Peoples Republic of China. It spread quickly throughout the world, including North America, Asia, Europe, and North America.
It is expected that the market for environmental consulting services will rebound from the shock over the forecast period, as it is a black-swan event and is not connected to ongoing or fundamental weaknesses of the market or the global economic system.
Argentina, Brazil, Chile, Colombia, Czech Republic and Denmark are all covered by the market for environmental consulting services.
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