Environmental Consulting Services Market Research Report 2028

Environmental Consulting Services Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Service Type (Investment Assessment & Auditing, Permitting & Compliance, Project & Information Management, Monitoring & Testing, and Others), Media Type (Water Management, Waste Management, and Others), and Vertical (Energy & Utilities, Chemical & Petroleum, Manufacturing & Process Industries, Transportation & Construction Industries, and Others)

Publication Month : Apr 2021

  • Report Code : TIPTE100000749
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 177
Inquire Before Buy

PRICING

$4550

$2730

[Research Report] The environmental consulting services market was valued at US$ 34,365.5 million in 2020 and is projected to reach US$ 50,974.7 million by 2028; it is expected to grow at a CAGR of 5.4% from 2021 to 2028.

Environmental consulting services are conduct environmental impact assessments, obtain clearances for new projects, and implement environmental management plans. The environmental impact assessment is for the development projects such as infrastructural projects, townships, commercial buildings, and industrial projects. Environmental auditing is being done for evaluating remediation technology options for obtaining clearances from the government regarding the project. Environmental management plans comprise developing, implementing, and monitoring plants for occupational health and safety management systems audit, analysis, and hazard and operability studies. Moreover, environmental consulting services offer various services such as investment assessment and auditing, permitting & compliance, project & information management, monitoring & testing, and others such as design, pollution prevention, and others. These services are used in several media types, such as water management, waste management, and others such as air quality, soil, natural resources, and renewable energy. The industries that majorly use environmental consulting services are energy & utilities, chemical & petroleum, manufacturing & process industries, transportation & construction industries, and others, including government & regulators. Moreover, despite having several stringent environment protections acts in effect, there is a high percentage of companies that are contributing to different forms of pollution, by emitting or discharging waste at levels much higher than the limits prescribed by regulatory bodies.

North America dominated the environmental consulting services market in 2020. The occurrence of several disastrous in the past propelled the demand for environmental consulting services for emergency site remediation planning and cleanups. Several regulations have been imposed by governments for the protection of the environment. Major environmental consulting service providers such as Tetra Tech, AECOM, and John Wood have an established market worldwide, as well as in North America. They are providing services for site remediation, natural resource management, environmental auditing, and waste management. Other services provided by such consultancies include project management, monitoring and testing, and operation and maintenance. Government bodies also hire these consultancies for preparing updated reports on the impact of various factors on the environment, which help them modify the existing regulations or propose the new ones. This factor is expected to drive the growth of the environmental consulting services market in the Rest of APAC countries during the forecast period.

Impact of COVID-19 Pandemic on Environmental Consulting Services Market

The COVID-19 outbreak has severely impacted the manufacturing, energy & utilities, chemical & petroleum, and transportation & construction industries. Amid the emergence of outbreak pandemic across the world, owing to the lockdown scenarios, the industry experts analyze that the industry would face at least a quarter of lag in electronics equipment supply chain that efficiently manage the waste generated in these industries. The outbreak pandemic is expected to create tremors through till mid-2021. The electronics equipment and associated services are likely to pick up pace sooner as governments across the world lifted the various containment measure steadily to revive the economy. The environmental consulting service providers are anticipated to gain pace by the end of 2021, which is further foreseen to positively influence the manufacturing units across different industries.


Lucrative Regions for Environmental Consulting Services Market

Lucrative Regions for Environmental Consulting Services Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities


Market Insights

Rising Awareness in Industries Regarding Environmental Impact

Awareness regarding the protection of environment is increasing in industries. Companies are hiring environmental consultancies for preparing reports of their existing and future projects, along with determining their impact on environment. The rise in revenues is one of the key factors enabling companies to adopt inorganic growth strategies such as acquisitions and expansions for expanding their presence in the global market. For setting up their plant in at new locations, they need to get a clearance from the respective government authorities, for which they must present a report based on the conditions of the land and the impact of the construction and the plant on the surrounding environment. Therefore, this companies are increasingly hiring environmental consultancies for their environmental impact assessment.

Service Type-Based Market Insights

Based on service type, the global environmental consulting services market is segmented into investment assessment and auditing, permitting and compliance, project, and information management, monitoring and testing, and others. With augmenting concerns regarding environmental conservation, governments and corporates across the world are actively exploring sustainable solutions for their operations to reduce their environmental footprint. As large enterprises have the supply chain spread across various multiple regions, they need to comply with various regulatory laws existing in different regions. Governments are offering various benefits in form subsidies and tax benefits for business investing in suitable solutions. Thus, businesses approach environmental consulting firms to maximize returns on their investments by assessing investments and carrying out audits.

Environmental Consulting Services Market, by Service Type – 2020 and 2028

Environmental Consulting Services Market, by Service Type – 2020 and 2028
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Media Type-Based Market Insights

Based on media type, the environmental consulting services market is segmented into water management, waste management, and others. Water is one of the most essential raw materials in manufacturing facilities of the food & beverages, oil & gas, power generation, chemicals and petrochemicals, metal processing, semiconductors, and pharmaceuticals industries. The water used for manufacturing can be highly contaminated and needs to be treated for the removal of toxic compounds before discharging it in water steams.

Vertical-Based Market Insights

Based on vertical, the environmental consulting services market is segmented into energy & utilities, chemicals and petroleum industries, manufacturing and process industries, transportation and construction sectors, and others. The energy & utilities vertical comprise the oil & gas, electrical power, nuclear energy, renewable energy, coal, water, and natural gas industries. The volumes of waste generated by these industries is emphasizing the urge for its management. Governments of several countries have taken initiatives by implementing strict regulations on environmental assessment for several industries.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Environmental Consulting Services Market: Strategic Insights

environmental-consulting-services-market
Market Size Value inUS$ 34,365.5 Million in 2020
Market Size Value byUS$ 50,974.7 Million by 2028
Growth rateCAGR of 5.4% from 2021-2028
Forecast Period2021-2028
Base Year2021
Analyst Image

Naveen

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

Product development is the commonly adopted strategy by companies to expand their product portfolio. AECOM Inc; Arcadis N.V.; Jacobs Engineering Group Inc.; John Wood Group PLC; and ERM Group, Inc. are among the key players implementing strategies to enlarge their customer base and gain significant share in the global environmental consulting services market, which, in turn, permit them to maintain their brand name. A few of the recent key developments are:

  • In 2021, Jacobs Engineering Group Inc. announced it has signed contract with NIRAS/ONDRAF, Belgian agency for radioactive waste management. Under the agreement, Jacobs Engineering Group Inc. is awarded with framework contract covering new treatment and storage facilities for radioactive waste project in Belgium.
  • In 2020, Arcadis N.V. announced it has acquired Morgen, a Dutch environmental consulting firm. The financial details of the acquisition were not disclosed.

Environmental Consulting Services Market Segmentation:


By Service Type

  • Investment Assessment & Auditing
  • Permitting & Compliance
  • Project & Information Management
  • Monitoring & Testing
  • Others


By Media Type

  • Water Management
  • Waste Management
  • Others


By Vertical

  • Energy & Utilities
  • Chemical & Petroleum
  • Manufacturing & Process Industries
  • Transportation & Construction Industries
  • Others


Company Profiles

  • AECOM Inc.
  • Jacobs Engineering Group Inc.
  • Arcadis N.V.
  • Bechtel Corporation
  • John Wood Group PLC
  • ERM Group, Inc.
  • Tetra Tech Inc.
  • ANTEA GROUP
  • Stantec Inc.
  • Ramboll Group
  • SLR Consulting
  • Golder Associates Ltd.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Service Type , Media Type , and Vertical

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are reasons behind environmental consulting services market growth?

Rising awareness in industries regarding environmental impact. Moreover, government regulations for environment protection, thereby substantially driving the environmental consulting services market.

What are market opportunities for environmental consulting services market?

Clean energy is gaining traction as the energy source of various factories across the world. Owing to the rising prices of conventional energy for industrial use, factories are heavily opting for clean energy due to associated advantages such as decreases operational costs and government support in terms of subsidies and tax incentives. The Tesla Giga factory in Nevada, US, after its completion, aims to run entirely on clean energy. Busch-Jaeger, an ABB subsidiary in Germany, runs completely on solar power on a sunny day. In 2018, Apple claimed that the company runs completely on renewable energy as a part of its commitment to climate change. Various companies are investing in the development of dedicated factory units for generating in-house clean energy through sources such as solar, wind, and geothermal energy, and bioenergy, for heating and other applications. Also, companies are planning to develop new facilities or to relocate their existing facilities to regions that are in proximity to clean and renewable energy sources. Moreover, with a goal of creating a sustainable future, corporates and governments are collaborating to finds new methods of harnessing clean energy, which is projected to create ample opportunities for environmental consulting market players.

Which service type is expected to dominate the market in the forecast period?

The environmental consulting services market is led by investment assessment and auditing segment with highest share and is expected to dominate in the forecast period. With augmenting concerns regarding environmental conservation, governments and corporates worldwide are actively exploring sustainable solutions for their operations, to reduce their environmental footprint. As large enterprises have the supply chain spread across various multiple regions, they need to comply with various regulatory laws existing in different regions. Governments are offering various benefits in form subsidies and tax benefits for business investing in suitable solutions. Thus, businesses approach environmental consulting firms to maximize returns on their investments by assessing investments and carrying out audits

The List of Companies - Environmental Consulting Services Market

  1. AECOM Inc.
  2. Jacobs Engineering Group Inc.
  3. Arcadis N.V.
  4. Bechtel Corporation
  5. John Wood Group PLC
  6. ERM Group, Inc.
  7. Tetra Tech Inc.
  8. ANTEA GROUP
  9. Stantec Inc.
  10. Ramboll Group
  11. SLR Consulting
  12. Golder Associates Ltd.

 

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Environmental Consulting Services Market