PUBLISHER: BCC Research | PRODUCT CODE: 1432792
PUBLISHER: BCC Research | PRODUCT CODE: 1432792
The global market for environmental remediation technologies is expected to increase from $88.4 billion in 2023 to $124.6 billion by the end of 2028, with a compound annual growth rate (CAGR) of 7.1% during the forecast period of 2023-2028.
Soil remediation market for environmental remediation technologies is expected to increase from $39.7 billion in 2023 to $54.0 billion by the end of 2028, with a CAGR of 6.3% during the forecast period of 2023-2028.
Ground/Surface water remediation market for environmental remediation technologies is expected to increase from $30.8 billion in 2023 to $45.3 billion by the end of 2028, with a CAGR of 8.0% during the forecast period of 2023-2028.
Environmental remediation eliminates toxins or contamination from different ecological media such as soil, groundwater, silt, surface water and air. It is important to eliminate poisonous and waste materials to preserve human health. Environmental remediation technologies differ from treatment technologies in that they remove contaminants that have already entered the environment, while treatment technologies apply technology or processes to the affected media (water or soil) to clean it before its return to the environment. Within this global context, the report discusses specific growth drivers and the challenges related to the evolution of the remediation technologies market. Many advanced technologies applied to the remediation of polluted destinations are innovative frameworks or cycles as opposed to a solitary piece of equipment.
The study provides a technical overview of the environmental remediation technologies on the basis of soil, ground water and air. The market has been studied based on different applications. The updated version includes the study of the industrial segment in detailed forms, such as oil and gas, mining and forestry, manufacturing industry, landfill/land development, chemical production/processing, agricultural applications, automotive and other applications.
The market size and estimations are provided in terms of value ($ millions), with 2022 serving as the base year and market forecasts given for the period 2023 to 2028. Regional-level market sizes, with respect to source material and application, are also provided.