Market Research Report
Environmental Health and Safety Market, By Product, By Application, By End Use, and by Geography - Analysis, Share, Trends, Size, & Forecast from 2020 - 2026
|Environmental Health and Safety Market, By Product, By Application, By End Use, and by Geography - Analysis, Share, Trends, Size, & Forecast from 2020 - 2026|
Published: January 1, 2020
AnalystView Market Insights
Content info: 133 Pages
Delivery time: 2-3 business days
Environmental Health and Safety Market was valued at USD 58.92 billion by 2018, growing with 8.7% CAGR during the forecast period, 2020-2026
Global Environmental Health and Safety Market to Rise at a Considerable CAGR; Strict Workplace Regulations Will Create Several Growth Opportunities
The constant rise in global population has led to an increased demand for resources and raw materials across the world. The increasing demand for resources has, in turn, led to the setup of various industries and manufacturing setups across the world. More industries will lead to increased waste, which in turn will have a direct impact on pollution. The growing industrialization has a massive effect on the environment. Recent environmental changes and the effects of global warming such as climate change and temperature variations have had a direct effect on human as well as wildlife. The growing environment concerns will encourage public as well as government organizations with a primary view to curb hazards and pollution. The aforementioned factors will have a direct impact on the global environmental healthy safety (EHS) market in the forthcoming years.
The report encompasses several rules and regulations that have emerged in favor of EHS market growth. The incorporation of advanced EHS software and guidelines and efforts taking to working within the proposed guidelines and constraints will have a positive impact on the growth of the global EHS market. Massive efforts are being taken to combat pollution and hazards in densely populated regions of China and India. This will subsequently create several growth opportunities for the companies operating in the specific region.
Healthcare Holds a Significant Market Share
The report segments the global market on the basis of end use into healthcare, chemical and petroleum, construction, IT, telecom, and energy and mining. Among these segments, healthcare held a high environmental health and safety market share in 2018. This segment is likely tom grow further, owing to the enormous waste produced by the healthcare industry. Besides healthcare, construction segment will also account for a high market share accounting to the increasing adoption of EHS services aimed at workplace safety. Factors imposed on a workplace environment such as pollution control, data integration, inventory management, and health control will create several growth opportunities. Growing efforts put in towards raising awareness and safety concerns regarding the adverse effects of industrial waste will aid the growth of this segment in the coming years.
Industrial Waste Management Segment Held a Dominant Share
The EHS market has been further segmented on the basis of applications into industrial waste management, waste water management, and medical and pharmaceutical waste management. Among these segments, the industrial waste management is likely to emerge dominant in the coming years. The growing needs put forward by companies operating across diverse industrial domains such as oil and gas, mining, construction, and IT & telecom will contribute to the growth of the industrial waste management segment in the forthcoming years. This segment accounted for over 50% of the global market share in 2018 and is likely to exhibit a significant CAGR in the foreseeable future.
The growing environmental concerns, combined with the constant rise in industrialization catering basic human needs will create a subsequent need to tackle the adverse effects. As a result, companies have identified this as a huge potential. Several companies are adopting strategies such as mergers and acquisitions, collaborations, and takeovers, with a view to establishing a formidable stand in the market.
A few of the prominent companies that are operating in the global environmental health and safety market include: Amec Foster Wheeler plc, MWH Global, Inc., AECOM, Golder Associates, Tetra Tech, Inc., Environmental Health and Safety Consultants Pvt. Ltd., RPS Group, EHS Data Limited, The HS&E Group, and CH2M HILL, Inc.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2015 to 2018
Base Year - 2019
Estimated Year - 2020
Projected Year - 2026
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
Tetra Tech, Inc.
MWH Global, Inc.
EHS Data Limited
The HS&E Group
Environmental Health and Safety Consultants Pvt. Ltd.
Amec Foster Wheeler plc
CH2M HILL, Inc.
MARKET, BY PRODUCT
MARKET, BY APPLICATION
Medical Waste Management
Waste Water Management
Industrial Waste Management
MARKET, BY END USE
Telecom & IT
Energy & Mining
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA
Environmental Health And Safety