PUBLISHER: The Business Research Company | PRODUCT CODE: 1704291
PUBLISHER: The Business Research Company | PRODUCT CODE: 1704291
Environmental impact assessment (EIA) is a systematic process used to evaluate the potential ecological effects of a proposed project or development before any decisions are made. The primary aim of EIA is to ensure that environmental impacts are considered alongside economic and social factors during the project planning and design stages.
The key types of environmental impact assessments include hydrogeology, hydrology, contaminated land, geo-conservation, and geotechnical engineering. Hydrogeology focuses on the distribution and movement of groundwater in the Earth's soil and rocks. Various assessment methods include screening, scoping, EIA reports, review, and monitoring. These methods are applied in different contexts, such as governmental, industrial, commercial, residential, and infrastructure projects.
The environmental impact assessments market research report is one of a series of new reports from The Business Research Company that provides environmental impact assessments market statistics, including environmental impact assessments industry global market size, regional shares, competitors with an environmental impact assessments market share, detailed environmental impact assessments market segments, market trends, and opportunities, and any further data you may need to thrive in the environmental impact assessments industry. This environmental impact assessment research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The environmental impact assessments market size has grown exponentially in recent years. It will grow from $38.56 billion in 2024 to $49.44 billion in 2025 at a compound annual growth rate (CAGR) of 28.2%. The growth in the historic period can be attributed to regulatory and public attention on sustainability is growing, increasing public concern over environmental deterioration, rapid pace of industrialization and urbanization, growing awareness of the effects of climate change and environmental pollution, and increasing government regulations on environmental protection.
The environmental impact assessments market size is expected to see exponential growth in the next few years. It will grow to $132.15 billion in 2029 at a compound annual growth rate (CAGR) of 27.9%. The growth in the forecast period can be attributed to growing demand for sustainable development, increasing investments in clean energy projects, increase in demand from diverse sectors, such as oil and gas, growing emphasis on corporate social responsibility (CSR), and growing demand for environmental services from the private sector. Major trends in the forecast period include integration with sophisticated technologies, innovative environmental impact assessments, incorporation of artificial intelligence (AI) in the environmental impact assessments, technological advancements such as cloud computing and geographic information system (GIS) mapping, and innovating technologies that improves the capacity for data collecting and processing.
The growing investments in renewable energy are expected to drive the expansion of the environmental impact assessment market. Renewable energy is derived from natural sources that are continually replenished. The increase in renewable energy investments is fueled by heightened awareness and urgency around climate change, the rising cost of renewable energy technologies, and the growth of green bonds and other financial instruments. Environmental impact assessments are vital for renewable energy projects as they evaluate the potential environmental effects of proposed developments, ensuring that projects are environmentally sustainable, socially acceptable, and compliant with regulatory standards. For example, in June 2024, the International Energy Agency's World Energy Investment 2024 report projects global energy investment to exceed $3 trillion for the first time in 2024, with approximately $2 trillion allocated to clean energy technologies. China is expected to lead clean energy investments with an estimated $675 billion, followed by Europe with $370 billion and the United States with $315 billion. Thus, the increasing investments in renewable energy are driving the growth of the environmental impact assessment market.
Leading companies in the environmental impact assessment market are focusing on innovative initiatives, such as proactive environmental impact strategies, to assess and reduce the environmental effects of strategic projects, thereby supporting sustainable development. A proactive environmental impact strategy involves adopting practices and initiatives that go beyond basic legal compliance, aiming to improve environmental performance by anticipating and addressing potential environmental challenges in advance. For example, in April 2023, Environment Agency Abu Dhabi (EAD), the primary environmental authority in the UAE, launched the Strategic Environmental Assessment (SEA) program. This SEA program encompasses structured phases such as screening, scoping, impact assessment, stakeholder engagement, and continuous monitoring to ensure environmental factors are integrated from the outset of strategic projects. It advances sustainable development by guiding mitigation strategies, safeguarding sensitive habitats, and providing early warnings of cumulative impacts, all in alignment with the UAE's environmental and Net Zero objectives.
In July 2023, DNV, a Norway-based quality assurance and risk management company, acquired Enviroguide Consulting, an Ireland-based environmental consultancy, for an undisclosed amount. This acquisition aims to strengthen DNV's presence in the region and expand its portfolio of environmental solutions in response to growing sustainability challenges.
Major companies operating in the environmental impact assessments market are AECOM Technology Corporation, Bureau Veritas SA, Stantec Inc., GHD Group, Bidwells LLP, BRE Group, BMT Group Ltd., JBA Consulting, OCA Global Corporate Service S.A., Intertek Group PLC, Aspen Environmental Group, KERAMIDA Inc., Millennium EMS Solutions Ltd., Cholamandalam MS Risk Services Ltd., CSA Ocean Sciences Inc., Japan NUS Co. Ltd., EnviroCentre Limited, NGH Environmental Pty Ltd., Enviro-Sciences Inc., WRA Inc.
North America was the largest region in the environmental impact assessments market in 2024. The regions covered in the environmental impact assessments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the environmental impact assessments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The environmental impact assessments market includes revenues earned by entities by strategic environmental assessment, cumulative environmental assessment, regional environmental assessment, project-level environmental impact assessment, environmental site assessment, and social impact assessment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Environmental Impact Assessments Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on environmental impact assessments market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for environmental impact assessments ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The environmental impact assessments market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.