PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1103574
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1103574
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Global Environmental Consulting Services Market to Reach $45.3 Billion by 2027
In the changed post COVID-19 business landscape, 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 record a 5.2% CAGR and reach US$15.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Water & Waste Management Consulting Services segment is readjusted to a revised 5.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $15.3 Billion, While China is Forecast to Grow at 6.9% CAGR
The Environmental Consulting Services market in the U.S. is estimated at US$15.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2027 trailing a CAGR of 6.9% over the analysis period 2020 to 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. 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.
Environment Management, Compliance & Due Diligence Segment to Record 5.9% CAGR
In the global Environment Management, Compliance & Due Diligence segment, USA, Canada, Japan, China and Europe will drive the 5.9% 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. Latin America will expand at a 6.6% CAGR through the analysis period.
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